FILINVEST LAND, Inc. (FLI) officially launched the first phase of its economic zone in Capas, Tarlac on Oct. 20 to bolster its presence in Central Luzon, the listed property developer said on Tuesday.
In a statement, FLI said the initial phase of the Filinvest Innovation Park – New Clark City spans 60 hectares. The development is designed to be a sustainable industrial hub that features built-to-suit units to meet the requirements of locators.
The launch included the ecozone’s two-storey administration building and the groundbreaking of the ready-built factory (RBF) zone.
FLI launched the project through its joint venture with the Bases Conversion and Development Authority (BCDA) called the Filinvest-BCDA Clark, Inc.
“Filinvest Innovation Park – New Clark City represents a significant stride for Filinvest Land as we expand our industrial footprint in Central Luzon. With its state-of-the-art green and digital features, Filinvest Innovation Park – New Clark City will provide an ideal environment for logistics, e-commerce, and light manufacturing ventures,” FLI President and Chief Executive Officer Tristan D. Las Marias said.
“We take pride in offering a new asset class that not only supports businesses but also contributes to the local economy’s growth — ready for tomorrow, ready for the world,” he added.
According to FLI, the RBFs adhere to Grade A warehouse specifications and feature high ceiling clearance, generous floor load capacity, raised production floors with loading docks, internet access, and fire detection and suppression systems.
The offered RBFs consist of units sized at 2,500 square meters (sq.m.), 4,000 sq.m., and 5,000 sq.m.
FLI added that industrial lots ranging from standard one-hectare lots up to 11-hectare mega lots are available for lease to host larger facilities.
“Filinvest is one of the first to believe in New Clark City’s potential as the next economic hub of the Philippines. We are confident that in months and years to come, more locators will see the potential of Filinvest Innovation Park and the whole of New Clark City — as it boasts of a strategic location that is both resilient and connected,” BCDA President and Chief Executive Officer Joshua M. Bingcang said.
The ecozone is registered with the Philippine Economic Zone Authority (PEZA), which allows locators to benefit from tax incentives, streamlined processes, and special visa privileges for foreign employees.
The ecozone is situated within the 288-hectare Filinvest New Clark City mixed-use township.
“The Filinvest Innovation Park – New Clark City joins the ranks of the Filinvest Technology Park and Filinvest Innovation Park Ciudad de Calamba in Laguna in the south, reflecting FLI’s broad and firm commitment to stimulating the country’s economic growth through strategically located innovation parks,” FLI said.
On Tuesday, shares of FLI at the local bourse closed unchanged at 61 centavos apiece. — Revin Mikhael D. Ochave