FILINVEST LAND, Inc. said it has opened One Filinvest, an office and retail building in Ortigas Center, adding about 38,986 square meters of gross leasable office space to the Metro Manila market.
In a statement on Monday, the company said the development aligns with continued demand for office space in central business districts.
“High-quality office environments remain a key component of thriving business districts. With One Filinvest, our vision is to support business growth while contributing to the development of vibrant employment ecosystems,” Filinvest Land President and Chief Executive Officer Tristan Las Marias said.
One Filinvest is a LEED Gold-certified office building designed to accommodate multinational companies, business process outsourcing firms, and corporate tenants.
The development offers office spaces with full-floor and customized layouts, along with a ground-level retail component.
The company said the building has attracted tenants from the technology, pharmaceutical, and entertainment sectors, while additional multinational firms and business process outsourcing operators are expected to occupy space in the coming months.
It added that the building incorporates energy-efficient systems, water-saving fixtures, high-performance façades, and optimized ventilation, which contributed to its LEED Gold certification.
The opening of One Filinvest expands the company’s office portfolio in major business districts.
Filinvest Land has office developments in Filinvest City, Alabang, as well as properties in Quezon City, Makati, Pasay, Cebu, and Clark, Pampanga.
“As cities evolve, the role of offices extends beyond workplaces. They become anchors of economic activity that help create thriving districts where businesses and communities grow together,” Mr. Las Marias said.
Filinvest Land recorded a 23% increase in leasing transactions across its office portfolio last year.
The company reported an overall office occupancy rate of 60% and a 93% lease renewal rate for expiring contracts.
At the local bourse on Monday, Filinvest Land shares fell by 2.6% to close at P0.75 each. — Alexandria Grace C. Magno
