FILINVEST Land Inc. (FLI) expects to complete the development of its 10 ready built factory (RBF) in its Filinvest Innovation Park in Filinvest New Clark City (FIP-NCC) in three years, in time for its turnover to potential leasers.
FLI also expects to lease out all of the RBF in two years – five within the year and five next year.
Francis Ceballos, FLI senior vice president and industrial business unit head , said the company is building the next three factories, which can turned over to the locators by early next year.
“Traditionally, everybody’s always been Cavite, Laguna, Batangas. And the big players are all there. The North is now beginning to come out on its own and already beginning to gain critical mass,” Ceballos said.
FLI is spending as much as P70 billion for the RBF.
Two of the 10 RBF have been leased by Lithiom-ion battery maket StBattalion Pte. Ltd. for Philippine unit StB GIGA. FIP-NCC’s RBF compound will feature 10 Prime model RBF units to be built on a 40,000-square meter (sq.m.) lot.
Each of the 2,500-sq.m. Prime RBF units is designed for logistics, e-commerce, and light manufacturing locators.
