Filinvest Alabang Inc.

completed

The project is phase I of the Northgate Cyberzone Information Technology Park (Northgate or the project), an expansion of FAI''s existing operations. As the information technology and property development subsidiary of FDC, FAI was established to develop Filinvest Corporate City. FCC includes: (1) Festival Supermall, a well-established regional shopping center for southern Metro Manila completed in May 1998 with over 400 retail locators; (2) Northgate Cyberzone Information Technology Park; (3) Asian Hospital, a 500 bed acute care tertiary hospital and a 350 room medical office building (IFC investment); (4) Spectrum Business District – high rise offices and residential towers; (5) Civic Plaza – national and municipal government offices; and (6) Market Square, a multi-vehicular transportation terminal and wet & dry market. Northgate is located on a 18.7 ha area in FCC and is master-planned to provide a high tech working environment complemented by comprehensive infrastructure. Phase I of the development, covering 2.7 ha, includes: (i) 5 information technology (IT) buildings; (ii) IT infrastructure; and (iii) the Convergence Hall providing a venue for interaction between IT professionals. The Convergence Hall also houses an IT college of De LaSalle University which is not part of the project and will be financed by the Filinvest Corporate City Foundation. Total leasable area of the 5 buildings is about 45,000 sqm available for 35 - 50 locators. This is the first IFC funded project supporting information technology driven infrastructure in emerging economies.IFC’s Role:Providing long-term financing which is otherwise not availableSupport of the IT sector Development Impact:Reduced barriers to entry for IT companiesEnhancement of export potentialForeign direct investment and skills development