PROJECT

Projects

Environmental Review Summary

Project Number

10808

Company Name

FILINVEST ALABANG, INC.

Date ERS Disclosed

May 17, 2001

Country

Philippines

Region

East Asia and the Pacific

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 26, 2001
Signed : Oct 2, 2001
Invested : Oct 31, 2001

Sector

Construction and Real Estate

Industry

other

Department

Regional Industry - MAS Asia & Pac

Project Description

The project is Phase 1 of the Northgate Cyberzone Information Technology (IT) Park (Northgate or the project), an expansion of Filinvest Alabang, Inc.''s (FAI or the company) existing operations. FAI was established to develop Filinvest Corporate City (FCC) in Alabang, Muntinlupa City which is a 244 hectare (ha) fully integrated, self-contained urban development, well situated at the gateway to the Calabarzon area (Cavite, Laguna, Batangas, Rizal and Quezon provinces) 16km south of Metro Manila, which has experienced significant economic growth in recent years.

Northgate is located in a 18.7ha area in FCC and is master-planned to provide a high tech working environment complemented by comprehensive infrastructure. Phase I of the development, covering 2.7ha, includes (i) 5 IT buildings; (ii) IT infrastructure; and (iii) the Convergence Hall providing a venue for interaction between IT professionals. Total leasable area of the 5 buildings is about 45,000sqm available for 35 - 50 locators. FAI is targeting software companies, multinational companies, IT solution companies, Internet Service Providers and IT support companies with a target mix of 80% multinational and 20% local companies.

Environmental and Social

Conclusion & Monitoring