FDC, Keppel Singapore sign agreement for sustainable urbanization in PHL

Date: April 30, 2018

GOTIANUN-LED Filinvest Development Corp. (FDC) on Monday said it signed a non-binding agreement with Singapore firm Keppel Corp. Ltd. for the development of what it called solutions for sustainable urbanization in the Philippines.

The memorandum of understanding was signed during the Philippine Business Forum held in conjunction with the 32nd Asean Summit in Singapore. It was signed by Cindy Lim, managing director of Keppel’s unit Keppel Urban Solutions Pte. Ltd. and Andrew T. Gotianun Jr. as director of Filinvest.

“We are proud to partner with Keppel in exploring possible urbanization solutions for our projects. We believe that Keppel’s expertise will further advance Filinvest’s aim to develop more sustainable green buildings and communities,” Gotianun said.

“The Keppel Group has been involved in the Philippines for more than 40 years. We are pleased to work with a like-minded partner, Filinvest, to explore opportunities to provide solutions for sustainable urbanization and strengthen our presence in the Philippines,” Lim added.

Keppel and the Gotianun firm will explore cooperation opportunities in developing and enhancing urban solutions for FDC’s development portfolio.

This includes Filinvest City in Alabang, a 244-hectare property south of Metro Manila; Filinvest New Clark City in Central Luzon, envisioned to pioneer the development of a smart business community on a 288-hectare property north of Metro Manila; as well as office developments built around the needs of technology-based companies engaged in business and knowledge process outsourcing in Metro Manila.

“The partnership seeks to leverage the strengths of Keppel Urban Solutions, an end-to-end integrated master developer of urban developments that brings together the Keppel Group’s diverse capabilities in energy, property, infrastructure, data centers and connectivity to create highly livable, smart and sustainable communities,” the companies said.

Source: Business Mirror

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