Company: Filinvest Land Inc, Mandaluyong City, Metro Manila, Philippines
Company Description: Filinvest Land, Inc. (FLI) is one of the country’s leading full-range property developers. For over 50 years, the company has built a diverse project portfolio spanning the archipelago from residential, mixed-use, office buildings, and other leisure developments.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Real Estate - Large
 Nomination Title: Filinvest Land, Inc.
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2022, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 200 words used.
Filinvest Land, Inc. (FLI), a leading property developer in the Philippines, boasts a diverse real estate portfolio across residential, commercial, retail, offices, co-working, co-living, and industrial spaces. With over 60 years of history, FLI has grown from humble beginnings with over 280 ongoing residential projects in 55 key cities nationwide.
In 2023, FLI recorded a 30% increase in consolidated net income to PHP3.77B, driven by a 13% rise in residential revenues, reaching PHP14.49B. This growth was bolstered by accelerated construction and strong housing project performance in areas like Laguna, Davao, and Cebu. Reservation sales climbed 6% to PHP19B, supported by the launch of 11 new residential projects valued at PHP8.7B.
Rental revenues increased by 13%, propelled by a 32% growth in mall business to PHP2.21B, while office revenues grew by 2% to PHP4.66B. In May 2023, FLI signed a joint venture with KMC Community, Inc. to develop flexible workspaces.
FLI’s co-living complex, The Crib, in Filinvest Mimosa+Leisure City, remains fully occupied. The company is also advancing industrial parks in Filinvest Clark City and Ciudad de Calamba, with ready-built factories (RBFs) under construction and the first tenant, St. Battalion, arriving at New Clark City’s industrial park.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2022 that you wish to bring to the judges' attention (up to 250 words):
Total 249 words used.
Filinvest Land, Inc. (FLI) has marked significant achievements, underscoring its leadership in the Philippine real estate market:
- FLI expanded to over 280 ongoing residential projects in 55 key cities, including diverse properties like commercial, retail, offices, co-working, co-living, and industrial spaces.
- In 2023, FLI’s net income surged by 30% to PHP3.77 billion. Residential revenues increased by 13% to PHP14.49 billion, driven by strong housing projects and an enhanced sales network. Rental and office revenues also saw growth, with 13% and 2% increases, respectively.
- FLI launched 11 new residential projects valued at PHP8.7 billion, across regions including Rizal, Laguna, Pangasinan, Cebu, Davao, South Cotabato, and Zamboanga.
- Commercial Ventures: Mall business revenues jumped 32% to PHP2.21 billion, fueled by higher occupancy and shopper traffic. Office revenues rose to PHP4.66 billion due to better occupancy rates.
- FLI developed and launched two large-scale industrial parks in Filinvest New Clark City and Ciudad de Calamba and welcomed an Australian EV battery manufacturer to New Clark City.
- FLI’s ‘Dreams Built Green’ initiative led to the LEED Gold Certification of One Filinvest in Ortigas, showcasing energy efficiency and eco-conscious design. Other green projects like Studio 7 earned LEED Silver Certification.
- Corporate Social Responsibility: Through Pusong Filinvest, FLI supported education, public health, disaster relief, and environmental sustainability, including significant land donations and providing clean water access to schools, resulting in more than 6,000 beneficiaries.
- Financial Stability: Successfully raised PHP11.4 billion via bond issuance to fund expansion plans, rated PRS Aaa.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 250 words used.
Filinvest Land, Inc. (FLI) stands out in the Philippine real estate market due to its exceptional growth and diverse portfolio expansion, reflecting a robust adaptation to evolving market demands. Achieving a 30% rise in net income to PHP3.77 billion and a 13% increase in residential revenues highlights strong financial performance and its capability to thrive amid market fluctuations. The strategic launch of 11 residential projects across multiple regions emphasizes commitment to addressing varied housing needs, reinforcing its leadership in the sector. FLI is a pioneer in launching mid-rise condo communities in certain areas in the Philippines including Futura One (first condo community in Pangasinan), Futura Vinta (first condo community in Zamboanga), and Futura Bay (first condo community in General Santos City).
FLI's significant investment in commercial and industrial spaces, with its industrial parks attracting international ventures like an Australian EV battery manufacturer, showcases its role in fostering economic development and innovation in the Philippines. The ‘Dreams Built Green’ initiative, leading to LEED certifications for projects like One Filinvest and Studio 7, underscores its commitment sustainable real estate.
FLI’s Pusong Filinvest program, including land donations for educational purposes and proactive disaster relief, demonstrate a holistic approach to community support and resilience. The successful PHP11.4 billion bond issuance, rated PRS Aaa, highlights investor confidence and reinforces financial acumen in driving growth and expansion.
These achievements signify FLI's unique capability to integrate financial success, community impact, and environmental sustainability, solidifying its status as a leading real estate developer in the Philippines.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
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