Filinvest bags crucial perks to woo businesses to Clark estate

Gotianun group’s 288-hectare township New Clark City has sealed an accreditation from the Philippine Economic Zone Authority (Peza) as an industrial estate, allowing locators to enjoy certain tax perks.

Gotianun-led property developer Filinvest Land Inc., together with joint venture partner Bases Conversion Development Authority (BCDA), said the agreement aimed to extend the fiscal and nonfiscal incentives provided by Peza to locators within Filinvest New Clark City.

“We thank BCDA and Peza for formalizing the registration agreement for the New Clark City. This will greatly encourage businesses and investors to locate in Filinvest at New Clark City,” said Francis Ceballos, Filinvest BCDA Clark Inc.  vice president.

Filinvest at New Clark City is envisioned to be a “future-ready” and “environmentally friendly” mixed-use township. It will have a residential zone, commercial mixed-use, offices and institutional zone.

A 62-hectare industrial zone, which is expected to be operational next year, targets businesses that are into light manufacturing, logistics, storage and warehousing, cold storage and food processing.

“With the majority of the project’s area dedicated to the industrial zone, it is envisioned to support global businesses with superb accessibility via major infrastructures … It will be a fully integrated development bringing together top international locators and investors with sustainable business and industrial community,” Ceballos added. —DORIS DUMLAO-ABADILLA