EXCERPT

FILREIT said this is expected to boost the office leasing segment as BPOs rebuild their on-site footprint.

The company’s portfolio consists of 17 Grade A office buildings totaling over 300,000 square meters of gross leasable area (GLA). Of these, 16 of the 17 buildings are in Northgate Cyberzone in Filinvest City in Alabang, a PEZA Special Economic Zone and IT park, while another building is located in the gateway of Cebu IT park in Lahug, Cebu City. The assets were valued by an independent appraisal company at P48.5 billion.

It has a tenancy largely composed of global BPO tenants across its over 300,000 sqm of prime leasable spaces.

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