Filinvest launches office condo in Alabang

ABS-CBN News

Posted at Mar 19 2015 09:36 AM | Updated as of Mar 19 2015 05:36 PM

Filinvest City's Parkway Corporate Center is scheduled for completion in 2018.

MANILA, Philippines - It's not just call centers, but a growing number of enterprises such as service providers and financial institutions that are expanding in Filinvest City, Alabang.

Kate Ilagan, executive vice-president of Filinvest Alabang Inc. (FAI), noted more small and medium enterprises are looking at office spaces outside of the established business districts such as Bonifacio Global City and Makati.

She noted Filinvest City’s stock of office spaces in Alabang have been quickly taken up by enterprises that require between 30 to 40 sqm of space.

"We’ve benefited from the trend of expansions towards decentralized locations and are happy to see that professionals, entrepreneurs in finance and trading are also benefiting from the improving business climate – in addition to the BPOs," Ilagan said.

The Filinvest Group recently launched the Parkway Corporate Center, its first purely office condominium investment for end-user enterprises.

The 32-storey Premium Grade A office tower is located at Filinvest City. It seeks to attract law firms, creative and design companies as well as top 1,000 firms scouting for satellite offices in Southern Metro Manila.

Ilagan noted many entrepreneurs and professionals residing in Southern Metro Manila want to set up offices within the area so they can avoid the long daily commute to Makati or Ortigas.

"Our current stock of spaces in buildings earmarked for both office and residential uses are almost gone – with most of those spaces now used by businesses owned by residents of the south," she said.

Parkway Corporate Center is expected to be completed in 2018. It will have 100 percent genset power, a fiber optic backbone and RFID access as part of its premium security measures.

Ilagan assured that Filinvest is finalizing a grand masterplan to be implemented in the near future.