Filinvest taps Keppel for projects

Gotianun-led Filinvest Development Corp. (FDC) has teamed up with Singaporean conglomerate Keppel Corp. Ltd. to spice up urban developments projects and incorporate sustainable solutions such as in its large-scale mixed-use estates in Alabang and Clark Green City.

Keppel signed a nonbinding memorandum of understanding (MOU) with FDC to develop solutions for sustainable urbanization in the country, FDC and Keppel said in a joint statement on Monday.

Based on the MOU, Keppel and Filinvest will explore cooperation opportunities in developing and enhancing urban solutions for Filinvest’s development portfolio. This includes Filinvest City in Alabang, a fully integrated and self-contained 244-hectare prime property south of Metro Manila that is home to a large number of business process outsourcing (BPO) offices, residential enclaves, leisure destinations, an education zone as well as a medical and wellness hub.

The framework also includes Filinvest New Clark City in Central Luzon, envisioned to pioneer the development of a global and smart business community on a 288-hectare property north of Metro Manila.

The framework will also cover FDC’s office developments that are built around the needs of technology-based companies engaged in BPO and knowledge process outsourcing (KPO) in Metro Manila.

The partnership seeks to leverage the strengths of Keppel Urban Solutions Pte. Ltd., an end-to-end integrated master developer of urban developments that bring together the Keppel Group’s diverse capabilities in energy, property, infrastructure and data centers, to create “highly liveable, smart and sustainable communities.” —DORIS DUMLAO-ABADILLA