Philippines’ Filinvest Eyes Green Investors To Boost Proposed REITs Offering (ABSCBN News)

June 23, 2021 – The Filinvest group is eyeing support from sustainability-focused investors for its upcoming P14.9 billion real estate investment trust (REIT) offering in July.

Filinvest Land president and chief executive officer Josephine Gotianun-Yap said most of the office buildings for the proposed REITs offer have been certified as LEED v4 gold. 

LEED, which stands for “Leadership in Energy and Environmental Design” is a green building certification program used worldwide, which was developed by the non-profit US Green Building Council. LEED v4 gold second-highest level of certification for a green building. 

The complex where the buildings are located also features an “eco-loop” that uses electric-powered public transport vehicles, Yap said during a webinar on sustainable cities organized by French energy player ENGIE.

“Being a developing country and in a place where the private sector has to pay for a lot of things, unlike Singapore, so we would focus on the major issues which is really energy consumption reduction and greening transportation and improving water quality,” Gotianun-Yap said.

Read more here..

Related News

Philippines’ Filinvests REIT Headed For P14.9 Billion (US$310 Million) Public Debut (Inquirer)