Filinvest to build 34-story building in Ortigas center

Gotianun-led Filinvest Land Inc. (FLI) is breaking into the Ortigas office property market with a 34-story “intelligent” building project that is targeted for completion by 2020.

FLI has broken ground for the premier office tower called One Filinvest, which will bring to the Ortigas central business district about 40,353 square meters of additional office space.

One Filinvest, which will rise on a prime landbank where the old Philcomcen building stood, is envisioned to accommodate both traditional and business process outsourcing (BPO) firms.

In a statement yesterday, Filinvest said the 34-story One Filinvest was designed to be an “intelligent building” equipped with fiber-optic cable and telecommunications backbone for high-speed connectivity.

The tower will also feature 12 high-speed elevators that will service the building’s high and low zones, intended to provide efficiency and convenience to its occupants. It is seen to create a safer, more comfortable and productive environment by integrating technology, systems and structure.

“We are excited about this project. This is Filinvest’s response to the ever-growing demand for rental office spaces and we look forward to serving that demand with the completion of One Filinvest,” said Janette Cordero, first vice president for project development of FLI unit Filinvest Cyberparks Inc.

The building is designed by world-renowned architect and interior designer Handel Architects LLP and internationally acclaimed structural and civil engineering firm Magnusson Klemencic Associates.

The new building will offer office space with cuts ranging from 200 to 250 sqm. Companies that require bigger space have the option of use an entire floor with 1,800 sqm.

The group also takes pride in One Filinvest having acquired a gold “LEED (Leadership in Energy and Environmental Design)” pre-certification, a rating system that aims to accelerate the development and implementation of “green” building practices. LEED is focused primarily on new commercial-building projects and is based on a points system, which means the more an office structure earns points, the higher will be its rating.

In 2014, FLI won the bidding to acquire the 2,411-sqm land bid out by the state-owned Government Service Insurance System. It paid P771.5 million for the property.