Filinvest’s reit to expand office leasing portfolio by 12,400 sq. meters

FILINVEST REIT Corp. (FILRT) of the Filinvest Group is expanding its leasing portfolio despite headwinds as it looks to add over 12,000 square meters (sq.m) in new leases as well as new co-working spaces designed to meet present customer needs.

Co-working facility operators and new business process management (BPM) tenants—fueled by growth prospects brought about by locating in FILRT’s dependable and sustainable locations—are looking to add about 7,000 sq.m in new leases.

FILRT is also in advanced talks with two major BPM firms looking to expand their current leases with FILRT.

An American professional services firm headquartered in New York with about 100,000 employees globally is about to sign for an additional two floors in one of FILRT’s 16 buildings in Northgate Cyberzone in Alabang.

Another existing tenant, a BPM company headquartered in Europe with over 50,000 employees globally, is expected to follow suit for an additional 2,300 square meters of office space.

This brings FILRT’s expected new leases to 12,400 sq.m. This is on top of the almost 10,300 sq.m. of new leases signed earlier this year. (PR)