Filinvest REIT Corp., the real estate investment trust of the Gotianun group, reported a 13 percent increase in new leases for the first nine months of 2024, largely driven by multinational firms expanding operations at Northgate Cyberzone in Alabang.
The REIT’s strategic response to pre-termination challenges has proven effective, with major global tenants strengthening their commitments to the property. Notable lease expansions include EXLService Holdings, which added 1,750 square meters, and Building Engineering and Design Co., which expanded its footprint by 1,724 square meters in Filinvest Two. Genpact Services also continued its long-standing partnership, leasing additional space in iHub 1, marking its sixth expansion at Northgate Cyberzone.
Additionally, Filinvest REIT welcomed Gear Inc., a Singapore-based BPO company, which is opening its first permanent office in the Philippines with a 1,993-square-meter lease at Filinvest One.
Located within a PEZA-accredited, master-planned development, Northgate Cyberzone remains a key destination for companies seeking a strategic, sustainable workspace. The development’s mix of Grade A office buildings, renewable energy initiatives, and proximity to residential and commercial hubs continues to attract global enterprises. This commercial momentum reflects Filinvest REIT’s growing appeal as a premier business address in the South of Metro Manila.
