Property developer Filinvest Land Inc. said it started the construction of One Filinvest, a 34-story tower that will replace the former Philcomcen building in Ortigas.
Filinvest said in a statement the office project would be the group’s first office development in Ortigas central business district. It is designed as an “intelligent building” equipped with fiber-optic cable and telecommunications backbone for high-speed connectivity.
“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,” Filinvest Cyberarks Inc. first vice president for project development Janette Cordero said.
The project was designed by world-renowned architect and interior designer, Handel Architects LLP and internationally acclaimed structural and civil engineering firm, Magnusson Klemencic Associates.
One Filinvest is envisioned to accommodate both traditional and business process outsourcing offices. It will offer office spaces ranging from 200 square meters to 250 sqm, while companies that require bigger space have the option of utilizing an entire floor with 1,800 sqm allowing for even greater flexibility.
One Filinvest is deemed to be a prominent structure in the heart of Ortigas CBD along ADB and Ortigas Avenue. It is highly accessible through different modes of transportation and is close to various commercial centers, shopping malls and other business and leisure establishments.
Filinvest acquired the property in 2014 in a bidding conducted by Government Service Insurance System.
One Filinvest secured a gold LEED pre-certification, a rating system that aims to accelerate the development and implementation of “green” building practices.