Tag: Filinvest Alabang

Filinvest REIT’s Profit Jumps to P1.3 Billion during January-September 2026 period

Filinvest REIT’s Profit Jumps to P1.3 Billion during January-September 2026 period

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Real estate investment trust Filinvest REIT Corp. (FILRT) saw its profit jump 28% to P1.3 billion during the January-September 2026 period and the figure includes revenues from the full-year ownership of Festival Mall (main mall) in Alabang, Muntinlupa City, according to a business news report by The Manila Times.

FILRT’s portfolio consists of seventeen office buildings, one shopping mall and one resort lot, with a combined gross leasable area of more than 450,000 square meters. The entity is also one the top taxpayers in Muntinlupa City.

To put things in perspective, posted below is an excerpt of the report of The Manila Times. Some parts in boldface…

FILINVEST REIT Corp. (FILRT) posted a 28-percent increase in net income to P1.3 billion in the first nine months of 2026, supported by higher revenues following the full-year contribution of Festival Main Mall to its property portfolio.

The real estate investment trust on Wednesday reported revenues of P3 billion from January to September, up 18 percent from P2.54 billion in the same period last year.

The latest earnings performance builds on the 15-percent growth in net income FILRT recorded in the first nine months of 2025, when profit reached P1.02 billion from P893 million in the previous year.

The company attributed its revenue growth mainly to the full-year contribution of Festival Main Mall, which was added to its portfolio in May 2025.

Costs and expenses increased by a slower 4 percent to P986 million, while other charges declined 1 percent to P279 million during the nine-month period.

FILRT’s average portfolio occupancy remained at 86 percent in the first three quarters, unchanged from the same period last year.

Its office portfolio recorded an average occupancy rate of 79 percent, with multinational business process outsourcing companies accounting for 83 percent of office tenants. Traditional tenants accounted for 14 percent, while coworking, wellness and educational institutions made up the remainder.

During the third quarter, FILRT secured 5,651 square meters of new leases from incoming tenants and existing occupants expanding their leased spaces at Northgate Cyberzone in Alabang. This brought its year-to-date new leases to 11,714 square meters.

The company also renewed all 20,689 square meters of leases expiring this year, bringing the portfolio’s weighted average lease expiry at 13.95 years as of end-September.

With the improved earnings, FILRT’s board approved a quarterly cash dividend of P0.06 per outstanding common share, covering income earned from July to September. Shareholders on record as of Nov. 24 will receive the dividend on Dec. 2.

The latest declaration brings FILRT’s total dividends declared for 2026 to P0.24 per share, equivalent to an annualized yield of 8.5 percent based on its closing share price of P2.84 on Oct. 30.

Let me end this post by asking you readers: What do you think of this development? Do you think FILRT has a bright future of growth even though the economy of the Philippines continues to get weaker? Do you think FILRT will continue to contribute a lot to the economy of Muntinlupa City over the next five years?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Festival Mall ushers in Christmas in Alabang

Festival Mall ushers in Christmas in Alabang

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This past Friday, the Christmas season in Alabang was ushered in by Festival Mall with a lot of excitement during the annual Christmas Tree Lighting Ceremony which unveiled a giant Christmas tree presented in partnership with POP MART.

The event officially launched “The Magic of Christmas” celebration in Alabang and in attendance were top officials of the City Government of Muntinlupa, Filinvest executives, Festival Mall itself and many other invited guests.

Decorated Christmas tree with a Wishes Come True sign and POP MART display in a shopping mall atrium
The fabulous looking giant Christmas tree inside Festival Mall. The mall’s strategic partner POP MART is global designer toy company that connects artists and fans through collectibles and immersive experiences.

I myself attended the Christmas tree lighting ceremony which was organized with a lot of excitement and it executed a fresh creative spin on the holiday tradition. Seated at front row were Muntinlupa City Mayor Ruffy Biazon, Vice Mayor Stephanie “Phanie” Galan Teves-Wong, Filinvest Hospitality Corporation CEO Francis Gotianun and Festival Mall General Manager Yvette Dizon. Near me were Donna Santiago of South Snippets, some local business owners, bloggers, vloggers and members of the press. Unsurprisingly, there were a lot of spectators who viewed the ceremony.

Man speaking on stage at a POP MART holiday event in a shopping mall, with a large decorated Christmas tree and seated audience.
Muntinlupa City Mayor Ruffy Biazon delivered his remarks to the many guests who attended the Christmas Tree Lighting Ceremony.
Man holding a microphone on a holiday-themed mall stage beside a decorated Christmas tree, speaking to children in the audience.
Filinvest Hospitality Corporation CEO Francis Gotianun spoke to the attendees.

“The reason why we celebrate Christmas is Jesus Christ. And for that, there should be enough reasons for us to celebrate and be happy and thankful,” Mayor Biazon said when he delivered his remarks. “The message we would like to share to the people is that we should be thankful. Whether it is small or large we receive, we have to be grateful for the blessings we receive from God.”

“At Festival Mall, we always wanted to be more than just a shopping destination. We want to be a place for families and friends who come together enjoying new experiences, celebrate special occasions, or simply spend quality time with each other. What better time to celebrate than Christmas? This year, we are bringing to you the unboxing of the magic of Christmas made even more exciting in partnership with POP MART,” Filinvest Hospitality Corporation CEO Francis Gotianun said.

Vice Mayor Teves-Wong also delivered her remarks.

After the important words shared by the special guests, a short stage presentation was held telling a short story about Christmas emphasizing the suspense and mystery that come with receiving gifts during the season.

After that, the exciting countdown and formal lighting of the giant Christmas tree happened, and you can watch the short clip by clicking https://www.facebook.com/share/v/1EtLcyw1m6/

Decorated Christmas tree with gifts and a “Wishes Come True” sign in a brightly lit shopping mall
This is what the newly lighted Christmas tree looks like from a higher part of Festival Mall.

A meet-and-greet with Santa Claus followed and several children (who were from the City Government and its Social Services Department and others from the Down Syndrome Association of the Philippines) received gifts one by one. The invited guests were treated with a Christmas buffet and free-flowing drinks.

Festival Mall’s legacy of Christmas and giving – Festival Mall, which first opened in May 1998 and remains a strong shopping and lifestyle destination in South Metro Manila, is the flagship of Filinvest Malls, the retail business unit of Filinvest Land, Inc. Its Christmas celebration carries the mother brand’s message of community and connection into a place where families and friends come together to shop, dine, and spend time with one another. The partnership with POP MART for the November 6 Christmas tree lighting ceremony placed character-based creativity at the center of Festival Mall’s Christmas story.

Santa Claus seated on an ornate red throne surrounded by people at a festive event
A meet-and-greet between Santa Claus and the children was held during the ceremony. City Government officials and Filinvest executives in the background.
Children posing in front of a decorated Christmas tree and festive holiday display at a shopping mall
Children from Muntinlupa City (and the Social Services Department of the City Government) and Down Syndrome Association of the Philippines pose with Santa Claus by the lighted Christmas tree. (photo contributed by Festival Mall).

Along the way, the mall held its 3rd Season of Sharing in partnership with the City Government of Muntinlupa and its Social Services Department. Several children endorsed by the City Government were welcomed at Festival Mall for a special day of fun that includes arcade gaming, amusement rides, meals and the receiving of Christmas gifts. The sharing reflected the mall’s commitment to being an active and caring community partner. Festival Mall hopes to share not only gifts but also meaningful experiences and memories, reminding everyone that the spirit of Christmas is also about extending kindness and making others feel valued.

“For me, if we can make even one child smile, give someone a reason to feel happy, or make a family’s Christmas a little more special, then we’ve already done something meaningful,” said General Manager Yvette Dizon.

Christmas experience this year – For the 2026 Christmas season, Festival Mall is reviving Rhythm & Lights 4 on December 12 which is a Christmas musical celebration in a festive gathering. The said event will give shoppers and visitors a new opportunity to come together and enjoy the season through live performances.

With its Christmas tree as a meeting point with shopping, dining, and leisure experiences around it, Festival Mall is inviting visitors to make their next holiday gathering part of “The Magic of Christmas” at Filinvest Malls.

Five people posing in front of a decorated Christmas tree with a Wishes Come True sign in a brightly lit shopping mall.
Filinvest executives pose with Mayor Biazon near the Christmas tree. (photo contributed by Festival Mall)
Group of children and adults in festive costumes posing beneath a decorated Christmas tree at a shopping mall event
The children with the special guests, performers and others posed in front of the many photographers.

In ending this post, I want to point to what Mayor Biazon said about Jesus being the reason we celebrate Christmas. Lord Jesus is the hope of ALL nations. To learn more about the Him and His eternal holiness, I encourage you all to grab the Holy Bible and read the following references: Isaiah 9:6, John 3:16, John 6:26-40, Matthew 2:1-2, John 5:19-23 and John 8:12. This Christmas, always be thankful to those who gifted you and also to the Lord. Honor and thank Him for all the blessings and happiness you received.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Filinvest City Aims High with New Alabang District

Filinvest City Aims High with New Alabang District

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Remember back in 2025 when it was announced that telecommunications giant PLDT will relocate its headquarters to Filinvest City? Filinvest City itself is now aiming high with its new Alabang district called The Quarter which is being developed beside the future PLDT campus and it is being prepared to attract commercial investment, according to a news article by Insider PH.

To put things in perspective, posted below is an excerpt of the Insider PH news article. Some parts in boldface…

Corporate investments and rising demand for commercial space are creating opportunities for further business expansion in southern Metro Manila, as Filinvest City seeks to attract enterprises to its established Alabang township.

Filinvest City has introduced The Quarter, a four-hectare mixed-use district designed to accommodate new businesses and support the township’s next phase of commercial development.

A township of 47,000 workers – The development is positioned beside the upcoming PLDT Campus, which is expected to accommodate approximately 5,000 employees. The concentration of corporate activity could generate demand for retail, dining, healthcare, hospitality and professional services.

The Quarter also offers commercial lots to businesses and investors seeking to establish operations near major employment centers. Filinvest City currently serves approximately 47,000 workers, more than 19,000 residents and 231,000 daily visitors.

The township’s existing population and commercial activity provide a potential customer base for enterprises considering expansion into the district.

Strategic location – The Quarter forms part of Filinvest City’s strategy to diversify its business ecosystem beyond traditional office developments.

Located near Asian Hospital and Medical Center, the district could accommodate healthcare-related enterprises, including private clinics, therapy centers and specialized treatment facilities.

Its location also provides access to the South Luzon Expressway, nearby educational institutions, residential communities and commercial establishments. A pedestrian bridge connecting The Quarter to the future PLDT Campus is also planned.

‘New centers of opportunity’ – “Filinvest City’s growth has always been driven by the ability to identify and cultivate new centers of opportunity,” Filinvest Townships first vice president and head Don Ubaldo said in a press statement.

“Just as the Peza-registered hub Northgate Cyberzone helped establish the township in the 90’s as a leading destination for the IT-BPM industry, The Quarter is envisioned to be the epicenter of its next phase of evolution, creating a dynamic environment where enterprise and innovation can thrive together,” he added.

Let me end this post by asking you readers: What do you think of this development? Do you think the new Alabang district called The Quarter will help Filinvest City attract more new investment and create both new jobs and more business opportunities in the years to come? Do you think Filinvest City will become to most vibrant and most progressive central business district (CBD) of the south by the year 2030?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Filinvest Development Corporation’s Net Income Reaches P3.9 Billion In 1st Quarter Of 2026

Filinvest Development Corporation’s Net Income Reaches P3.9 Billion In 1st Quarter Of 2026

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As there are lots of signs of a weakening Philippine economy connected with higher fuel prices and accelerating inflation, Filinvest Development Corporation (FDC) achieved growth in the first quarter this year with its net income reaching P3.9 billion, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

Filinvest Development Corp., the holding company of the Gotianun family, reported an eight percent increase in attributable net income to ₱3.9 billion for the first quarter, as robust performances in its banking and real estate divisions mitigated the sharp downturn in its power business.

The firm reported to the Philippine Stock Exchange that its consolidated net income grew by seven percent to ₱4.8 billion from ₱4.5 billion in the first quarter of 2025.

Total revenues and other income for the first quarter of 2026 rose by five percent versus the same period in 2025 to ₱30.8 billion.

The increases in revenues and other income by business segment were: Banking, 12 percent to ₱15.6 billion; Real estate, 16 percent to ₱7.9 billion; and Hospitality, 0.8 percent to ₱1.2 billion. Power declined by 28 percent to ₱3.6 billion.

“Business results were mixed: Real Estate and Hospitality showed resilience against macroeconomic pressure while for others, profits were flat or experienced decreases versus a year ago,” said FDC President and CEO Rhoda A. Huang.

She noted that, “We are facing the challenges with resolve to achieve revenue and profit growth in 2026, despite increasing inflation and weakening GDP growth, through astute strategies and persistence of our organization.”

Banking unit EastWest Bank’s (EW) top-line growth was driven by increased loan volumes and effective management of funding costs, resulting in a 20 percent rise in net interest income (NII) to ₱11.1 billion.

Non-interest income was affected by trading performance amid volatile market conditions, but this was partially offset by an eight percent growth in fee-based income.

FDC’s Real Estate business, composed of Filinvest Land, Inc. (FLI), Filinvest Alabang, Inc. (FAI), and Filinvest REIT Corp. (FILRT), recorded a 16 percent revenue increase to ₱7.9 billion due to stronger residential and commercial lot sales.

Residential sales increased by 28 percent, driven by sustained sales of ready-for-occupancy units and a higher percentage of completion for various residential projects. Mall and rental revenues remained steady with slight gains in occupancy and foot traffic.

The Power subsidiary, FDC Utilities, Inc. (FDCUI), reported total revenues and other income of ₱3.6 billion for the first quarter of 2025 due to a notable decrease in spot market sales and lower coal cost passthrough rates. This was mitigated by reduced costs resulting from lower sales volume.

Revenues from hotel operations under Filinvest Hospitality Corporation (FHC) remained consistent with the previous year’s level, supported by higher average room rates and enhanced contributions from the Food and Beverage (F&B) segment across its portfolio.

The Banking segment was the largest contributor to revenue and other income for the first quarter of 2026, representing 51 percent of the conglomerate’s total.

Real Estate and Power followed with contributions of 26 percent and 12 percent, respectively. The Hospitality segment accounted for four percent of revenues, while the remainder was attributed to other business units.

Let me end this post by asking you readers: What is your reaction to this recent development? Considering the current state of the economy of the Philippines today, how do you think Filinvest Development Corporation will be able to perform financially in this current quarter and the next quarter?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

2025 Christmas Spectacle At Filinvest City Central Park

2025 Christmas Spectacle At Filinvest City Central Park

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Recently, this year’s Christmas spectacle at the Filinvest City Central Park was launched by Filinvest with a special event that attracted special guests (including Muntinlupa City Mayor Ruffy Biazon and Olympic Gold Medalist Carlos Yulo).

The said event was also Filinvest’s launch of its 2025 Christmas campaign which is also a clear effort to emphasize why Filinvest City is significant as a central business district (CBD). For the newcomers reading this, Filinvest City has been on a progressive role this year as PLDT will be moving its new headquarters into the CBD while SONAK Group secured a lot for a new headquarters. Indeed, the progressive build-up of Filinvest City is adding economic value to Alabang and Muntinlupa City entirely.

Filinvest City Central Park’s Christmas Spectacle

A few nights ago, I personally visited Filinvest City Central Park (Google Maps location: https://maps.app.goo.gl/vzt8D9yLzRSVVhae9) and I saw the new decorations highlighting the Christmas season. They look very similar to what was set up in 2024, notably the tall Christmas tree and the permanent structures that only needed decorating.

The Filinvest City sign at the Central Park.
Tall Christmas tree in the background, other decorations and lights in the foreground.

A short distance away from the tall Christmas tree was the park’s standout structure called The Tree (launched in late 2024) which has a very unique design that not only provides people cover from rain or intense sunlight but serves as a helpful place for special activities. At night, lights of different colors are projected towards The Tree which make a fine visual attraction.

As of this writing, I noticed there were lesser non-permanent structures (that were decorated with additional Christmas lights) during my visit at the park. Since Filinvest City still has a lot of activities scheduled at the central park, there is always the possibility that additional structure and lights will be set up soon. For reference about non-permanent structures and lights, click here for my 2024 Christmas Filinvest City Central Park article.

The permanent park structures plus added decorations and lights.
Visitors taking pictures at the tall Christmas tree.

Unsurprisingly, Filinvest City Central Park remains popular with families, visitors from other cities, some foreign tourists, and those who love the open-air environment of the CBD. It would be interesting to see if there will be more visitors coming to the park during the weekends leading to Christmas as the brand new Starbucks Filinvest branch with drive-thru has been attracting a lot of customers since it opened. That being said, Filinvest City announced through social media a schedule of events or activities happening at the central park.

Set to happen at Filinvest City Central Park are the following: Holiday Lights Symphony at The Tree on November 22, December 7 and December 20 starting 7PM; Fireworks Displace on November 22, December 7 and December 20 starting 8PM. Live musical performances on November 22-23, November 30, December 7, December 20-21 starting 6PM. To see the complete park activities schedule, click https://www.facebook.com/share/p/17aEHGaGX4/

Christmas is still all about Lord Jesus

The theme of Filinvest City’s Christmas campaign this year is titled as “Celebrate Magical Christmas Moments.”

First and foremost, Christmas is all about Lord Jesus, the Savior and hope of ALL nations. During the season, we remember not only His birth in Bethlehem in Israel, but also His overall significance and the hope He always bring to people. The world we live in is twisted and chaotic. While there are many who are indeed faithful to Lord Jesus, there are still many other people out there who remain lost and unsaved. A lot of people ended up lost as they allowed themselves to be manipulated by the secular, the worldly and other rebellious forces of the world we live in.

God sent His Son Jesus to us to pave the way for people to get saved and become part of His Kingdom. Realize how much God loves His creations and none of us would exist without Him. Learn from the bible verses below.

For here is the way God loved the world—he gave his only, unique Son as a gift. So now everyone who believes in him will never perish but experience everlasting life.

John 3:16 (TPT)

For unto us a Child is born,

Unto us a Son is given;

And the government will be upon His shoulder.

And His name will be called

Wonderful, Counselor, Mighty God,

Everlasting Father, Prince of Peace.

Isaiah 9:6 (NKJV)

Joseph also went up from Galilee, out of the city of Nazareth, into Judea, to the city of David, which is called Bethlehem, because he was of the house and lineage of David, to be registered with Mary, his betrothed wife, who was with child. So it was, that while they were there, the days were completed for her to be delivered. And she brought forth her firstborn Son, and wrapped Him in swaddling cloths, and laid Him in a manger, because there was no room for them in the inn.

Luke 2:4-7 (NKJV)

Now after Jesus was born in Bethlehem of Judea in the days of Herod the king, behold, wise men from the East came to Jerusalem, saying, “Where is He who has been born King of the Jews? For we have seen His star in the East and have come to worship Him.”

Matthew 2:1-2 (NKJV)

By honoring, praising and following Lord Jesus, we are connected with the Heavenly Father. When we are faithful to the Lord, it is clear that we do not let the worldly nor wickedness get in the way. It is essential that we must have uncompromising faith in the Lord. Learn from the bible verses below.

Then Jesus answered and said to them,

“Most assuredly, I say to you, the Son can do nothing of Himself, but what He sees the Father do; for whatever He does, the Son also does in like manner. For the Father loves the Son, and shows Him all things that He Himself does; and He will show Him greater works than these, that you may marvel. For as the Father raises the dead and gives life to them, even so the Son gives life to whom He will. For the Father judges no one, but has committed all judgment to the Son, that all should honor the Son just as they honor the Father. He who does not honor the Son does not honor the Father who sent Him.”

John 5:19-23 (NKJV)

Then Jesus said,

“I am light to the world, and those who embrace me will experience life-giving light, and they will never walk in darkness.”

John 8:12 (TPT)

Christmas is not about magic, not about Santa Claus, not about material blessings and certainly not about worldliness. Lord Jesus is the definitive reason why Christmas is celebrated and He is the light to free people from darkness! No matter how you celebrate Christmas, always remain faithful to Him, and never compromise with the worldly. Celebrate Christmas by having unwavering faith in Lord Jesus and help others come to Him!

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Festival Mall acquisition boosts FILRT growth and portfolio size

Festival Mall acquisition boosts FILRT growth and portfolio size

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Remember when Filinvest REIT Corp. (FILRT) acquired Festival Mall for P6.26 billion months ago? Already the premier Alabang shopping mall has boosted the earnings and portfolio size of FILRT, according to a business news report by the Manila Bulletin.

For the newcomers reading this, read my previous posts about Festival Mall (which first opened in May 1998) and FILRT by clicking here, here and here. FILRT meanwhile is reputed for being one of the top taxpayers in Muntinlupa City.

To put things in perspective, posted below is the excerpt from the news report of Manila Bulletin. Some parts in boldface…

Filinvest REIT Corp., the real estate investment trust of the Gotianun Group, declared ₱404 million in fresh dividends after reporting an 8.3 percent growth in net income to ₱651 million in the first six months of 2025 from ₱601 million in the same period last year.

The firm disclosed to the Philippine Stock Exchange that, for the first half of the year, it recorded revenues of ₱1.57 billion, higher by 13 percent from the same period in 2024, resulting from improvements in operations and the addition of Festival Main Mall to the portfolio.

Meanwhile, costs and expenses were contained at ₱613 million, higher by one percent, while other charges were lower by four percent to ₱187 million.

Festival Main Mall started accruing to the revenue stream of FILRT beginning May 29, 2025, equivalent to one month and three days’ revenue contribution.

The addition of Festival Main Mall is seen to improve FILRT’s earnings per share by 5.5 percent in 2025. With the additional asset, FILRT’s portfolio size increased by 37 percent in terms of GLA to 452,310 square meters.

“We are pleased to have infused a value-adding asset into our portfolio through Festival Main Mall. Having this momentum, we look forward to adding more assets and diversifying our tenant base to further the growth of the company,” said FILRT President and CEO Maricel Brion-Lirio.

The company’s portfolio of 17 office buildings, one mall, and one resort lot totaling 452,310 square meters had an occupancy of 86 percent at the end of the first half of 2025, an improvement of five percentage points from 81 percent in June last year.

The current overall tenant mix is comprised of 60 percent offices, 32 percent retail, and the balance for hospitality. Of the offices segment, 84 percent are multinational BPO companies while 16 percent are traditional.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think FILRT will somehow improve the quality of Festival Mall in terms of structure and tenants? Was it a surprise that Festival Mall boosted the earnings of FILRT this early?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

PLDT Moving Headquarters to Filinvest City

PLDT Moving Headquarters to Filinvest City

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In relation to the Filinvest Group’s strong confidence with its Alabang central business district (CBD), it has been revealed that telecommunication giant PLDT will relocate its headquarters to the Southgate District of Filinvest City in Alabang, according to a Manila Bulletin news report.

For the newcomers reading this, Filinvest City is located within the Alabang area of Muntinlupa, and it is connected with both the South Luzon Expressway (SLEX) and the Metro Manila Skyway (which itself is connected to the NAIA Expressway and the North Luzon Expressway) which makes travel connectivity convenient. PLDT itself has its current headquarters in Makati City which has lasted for decades. This new development with Filinvest City adds potential business value to Alabang. It should be noted that Filinvest City also has its own local residents.

To put things in perspective, posted below is the excerpt from the news report of Manila Bulletin. Some parts in boldface…

Filinvest City, the premier township developed by the Filinvest Group, is poised for a transformation with the announcement that PLDT Inc., the nation’s largest integrated telecommunications company, will relocate its headquarters to the Southgate District of Filinvest City.

This strategic move, which involves the development of the country’s first tech campus, signals a game-changing moment for the Garden City, paving the way for a smarter, greener, and more connected urban landscape in Metro South.

The decision to move was revealed in a press statement from Filinvest City, noting that PLDT’s choice of Filinvest City followed years of careful study and strategic planning.

The planned five-hectare PLDT campus, envisioned as the future headquarters for the telecommunications group, is slated for progressive development, with initial phases expected to commence soon.

The project draws inspiration from leading global tech campuses and reflects PLDT’s long-term commitment to fostering an innovative and future-ready workplace.

This campus is part of our effort to build a healthier, more collaborative work environment, said PLDT Chairman and CEO Manuel V Pangilinan. He added that it reflects our belief that the workplace must evolve alongside the industries we serve. We hope it will inspire creativity, encourage teamwork, and support the future of PLDT.

The tech campus is designed not only as a headquarters but also as a hub for innovation, collaboration, and digital transformation, aiming to consolidate talent and technology to cultivate a culture of agility and forward-thinking.

This aligns with PLDT’s dedication to shaping the future of connectivity in the Philippines. The development is projected to create thousands of jobs during both construction and operational phases, boosting demand for residential and commercial spaces and supporting local businesses and startups.

It is also expected to attract professionals and innovators to Metro South, reinforcing Filinvest City’s role as a nexus for future-forward enterprises.

Josephine Gotianun-Yap, Vice Chairperson, Filinvest Development Corporation, noted the transformation of Filinvest City from a quiet stock farm into a vibrant garden metropolis, stating that this was achieved through vision, dedication, and a steadfast sense of purpose. She also said, Filinvest City was designed with intention: to foster an environment where businesses thrive, innovation flourishes, and people live well. We believe a great city is not simply a backdrop to success—but a catalyst for it.” She further added that Filinvest remains committed to continued growth and meaningful collaboration, especially with PLDT, as it pursues its mission to empower Filipinos through meaningful connections, digital inclusion, and sustainable progress.

This landmark project reinforces Filinvest City’s commitment to sustainable and integrated urban planning. As the country’s only central business district holding both LEED Gold and BERDE certifications, Filinvest City is recognized for its green building standards and environmentally responsible design. The city’s master plan embraces the live-work-play philosophy, ensuring a holistic urban experience for its residents, workers, and visitors.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think PLDT’s upcoming headquarters in Alabang will create many new jobs and add value to Filinvest City as business and investment destination? Do you think this new development will influence other major corporations to consider establishing new headquarters in Alabang? Do you consider Muntinlupa City a more competitive highly urbanized city (HUC) in relation with PLDT’s upcoming Alabang headquarters?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Filinvest Group still optimistic with Alabang central business district

Filinvest Group still optimistic with Alabang central business district

carlocarrasco

Even though there are emerging rivals that each have distinctive attractions for businesses and residents, the Filinvest group remains confident and optimistic with its 244-hectare Filinvest City in Alabang, Muntinlupa, according to a business article by BusinessWorld. This is about the current state of corporate cities or central business districts (CBDs) which are contributing a lot to the economy of the Philippines in terms of financial value, jobs, properties and new residential communities.

For the newcomers reading this, Filinvest City is located within the Alabang area of Muntinlupa City, and it is connected with both the South Luzon Expressway (SLEX) and the Metro Manila Skyway (which itself is connected to the NAIA Expressway  and the North Luzon Expressway) which makes travel connectivity convenient.

To put things in perspective, posted below is the excerpt from the business article of BusinessWorld. Some parts in boldface…

THE FILINVEST group is banking on unsold inventory and infrastructure readiness at its 244-hectare Filinvest City in Alabang, Muntinlupa to support growth in its township portfolio, as new large-scale developments emerge in Metro Manila and nearby provinces.

Catherine A. Ilagan, president and chief executive officer of Filinvest Alabang, Inc. (FAI), said Filinvest City continues to attract interest from businesses and residents, even as estates such as the 3,500-hectare Villar City, the 700-hectare Vermosa in Cavite, and the 74-hectare Arca South in Taguig expand their footprints.

“We’re the most developed. We have the essentials to back it up. We have the infrastructure and all of the utilities. All of that are already in place. Accessibility is also key. We also have access to talent,” Ms. Ilagan said in an interview with BusinessWorld.

“It takes a long time to develop into a real central business district (CBD),” she added.

FAI is the real estate arm of the Filinvest group, overseeing townships and high-end residential developments.

“In terms of densifying, there’s still a lot of potential for Filinvest City. The outlook for Filinvest City is really positive,” Ms. Ilagan said.

“The release of inventory is very deliberate,” she added.

According to a regulatory filing by the Filinvest group’s listed conglomerate, Filinvest Development Corp. (FDC), FAI beneficially owns 76.4 hectares of unsold lots in Filinvest City as of end-2024, indicating further growth capacity.

Launched in 1995, Filinvest City is a mixed-use township that integrates a CBD, residential communities, leisure destinations, educational institutions, and medical and wellness centers.

It is the country’s only CBD to hold both Leadership in Energy and Environmental Design (LEED) and Building for Ecologically Responsive Design Excellence (BERDE) certifications.

“The LEED and BERDE certifications are testaments to Filinvest City being a green development,” Ms. Ilagan said.

Filinvest City’s sustainability features include a district cooling system that reduces energy use and emissions by servicing multiple buildings, an integrated electric-powered transport system known as the 360 Eco-Loop, and dedicated green spaces and sustainable buildings in Northgate Cyberzone.

Under Ms. Ilagan’s leadership, FAI is replicating the Filinvest City model in other areas as it grows its portfolio of master-planned, sustainable townships and premium real estate developments under the Filigree brand.

Ms. Ilagan brings more than 30 years of experience in real estate and urban development.

“Filinvest City is a ten-minute city. Everything can be reached in ten minutes. This is the DNA that we want to replicate in the other townships,” Ms. Ilagan said.

“We’ve always subscribed to the idea of a balanced live-work-play. That’s the DNA of all of our townships, a well-rounded and balanced development,” she added.

Other FAI-led townships include the 58-hectare City di Mare in Cebu, the 201-hectare Filinvest Mimosa Plus in Clark, Pampanga, the 288-hectare Filinvest New Clark City in Tarlac, and the 677-hectare Timberland Heights in Rizal.

“Whether it’s a small development, a bigger development, a high development, or a denser development, there should always be that balance of live-work-play components. As a real estate developer, that is the sustainable way to do things. Now, we want everything to be walkable,” Ms. Ilagan said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think that Villar City, Arca South and Vermosa don’t have when compared with Filinvest City? If you are developing properties, do you find Filinvest City advantageous and attractive for your business needs?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673