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PHILIPPINES, 22 October 2025 – Filinvest Land, Inc. (FLI) continues to take the lead in redefining energy efficiency in Philippine real estate. In partnership with global low-carbon energy leader ENGIE through their joint venture Philippine DCS Development Corporation (PDDC), FLI is deploying advanced cooling systems in its flagship Festival Mall and in Quest Hotel Clark under Filinvest Hospitality.

Both initiatives are structured as 20-year Build-Own-Operate-Transfer (BOOT) Energy Efficiency Performance projects, covering the full development, design, installation, operation, and long-term maintenance of these state-of-the-art systems. These landmark projects go beyond routine upgrades. They are bold statements of Filinvest’s commitment to decarbonise its portfolio, cut energy costs, and deliver future-ready assets that set a new benchmark for sustainable operations in Philippine real estate.

Festival Mall: Raising the Bar on Energy Performance

Filinvest Land, PDDC, ENGIE, and Share Pro Inc. executives at the Inauguration of the Festival Mall’s Chilled Water Plant Project.

From L-R: Yvette P. Dizon (General Manager, Festival Mall), Jean-Baptiste Dreanic (Managing Director for Philippines, ENGIE), Michael A. Dumlao (FVP and Retail Business Unit Head, Filinvest Land), Amb. Joseph M. Yap (Chairman, Philippine DCS Development Corp), Jonathan Z. Urbano (General Manager, Philippine DCS Development Corp), Jacques Boonen (Managing Director for Southeast Asia, ENGIE), Cherie B. Fernandez (President, SPI)


At Festival Mall, Filinvest Land is raising the bar for sustainable retail operations with a state-of-the-art cooling system that redefines both efficiency and comfort. This is not a simple upgrade—it is a decisive leap in how malls can operate more sustainably while delivering superior customer experience.

The initial phase targets a 36% reduction in energy consumption, with even greater efficiencies expected once the project reaches full implementation and commercial operations. This marks an unprecedented milestone in energy performance, setting a new standard for sustainable building operations.

Beyond energy savings, the impact will be felt where it matters most—comfort. Indoor cooling temperatures inside the mall will be a consistently cool 23–24°C. The result is a vastly enhanced customer experience, delivering greater comfort while consuming significantly less energy. This breakthrough proves that cutting-edge technology can drive both sustainability and customer satisfaction, reshaping the way malls operate for the future.

On top of comfort, the new system is projected to generate at least ₱56.9 million in annual electricity savings—powerful proof that sustainability drives not only environmental gains but also stronger business performance.

“Festival Mall’s new cooling system is a clear example of how we are future-proofing our assets through sustainable innovation,” said Tristan Las Marias, President and CEO of Filinvest Land, Inc. “This project reflects our unwavering commitment to delivering greener, more reliable, and more efficient spaces for our stakeholders, while reinforcing our role in shaping sustainable communities nationwide.”

By marrying energy savings with superior customer experience, Festival Mall’s chilled water system proves that sustainability and performance can go hand in hand, setting a benchmark for retail developments across the country.

Quest Hotel Clark: 20-Year Commitment to Efficiency

Filinvest Land, PDDC, ENGIE, and Share Pro Inc. executives during the contract signing ceremony between PDDC and Quest Hotel for the Quest Hotel Clark Energy Efficiency Project.

From L-R: Jonathan Z. Urbano (General Manager, Philippine DCS Development Corp), Jacques Boonen (Managing Director for Southeast Asia, ENGIE), Francis Gotianun (Director, FDC and FSVP, Filinvest Hospitality Corp), Amb. Joseph M. Yap (Chairman, Philippine DCS Development Corp), Jean-Baptiste Dreanic (Managing Director for Philippines, ENGIE), Yvette P. Dizon (General Manager, Festival Mall)


At Quest Hotel Clark, PDDC is embarking on a 20-year Build-Own-Operate-Transfer (BOOT)  Energy Efficiency Performance project that will completely transform the hotel’s cooling and hot water systems. Covering the full cycle of design, financing, construction, operations, and maintenance, the project also ensures meticulous preventive care and a replacement program of the airside system, securing efficiency and reliability for decades to come.

The timeline reflects the scale of ambition: a swift two-month mobilisation, followed by 14 months of construction, testing, and commissioning, before entering 20 years of continuous operations and maintenance. Once operational, the project will cut the hotel’s cooling energy use in half and avoid roughly 7,400 tons of carbon dioxide emissions - an environmental gain comparable to planting 56,000 tree seedlings.

“As the pioneer of large-scale district cooling system in the Philippines, PDDC is proud to be leading this transformation at Quest Hotel Clark,” said Engr. Jonathan Urbano, General Manager of PDDC. “This project not only demonstrates how advanced technology can deliver significant energy savings, but also how sustainability can be integrated into hospitality operations to create long-term value for businesses, communities, and the environment.”

“Our partnership with Filinvest goes beyond project delivery — it’s about demonstrating how large-scale cooling can reshape the future of sustainable cities in the Philippines,” said Jacques Boonen, Managing Director, Southeast Asia, ENGIE. “Through PDDC, we combine Filinvest’s local leadership with ENGIE’s global expertise to deliver measurable energy savings, reliability, and tangible progress towards decarbonisation.”

Driving the Philippines’ Energy Transition

These milestone projects are more than isolated efforts—they are part of a nationwide shift that supports the Philippines’ energy transition agenda and advances the United Nations Sustainable Development Goals (SDG 7: Affordable and Clean Energy, and SDG 13: Climate Action). By introducing modern and environmentally conscious cooling systems in both hospitality and retail, Filinvest Land is actively cutting emissions, setting new standards for sustainable and efficient commercial operations at scale, and pioneering benchmarks for green operations in the country’s real estate sector.

While other companies are exploring renewable energy and efficiency solutions, PDDC remains the first and only provider to deliver large-scale district cooling in the country. This positions Filinvest Land’s joint venture with ENGIE as a trailblazer in the Philippines—introducing a globally proven technology that has transformed energy use in cities like Singapore, Dubai, and Paris, and adapting it for local needs. By doing so, PDDC is proving that greener infrastructure is not just possible in the Philippines, but commercially viable and operationally superior as seen in its other projects – The Northgate, Filinvest City Alabang District Cooling System currently serving 14 buildings, LIPAD Clark International Airport, Entrata Urban Complex and PBCom Tower.

Filinvest Land, through PDDC, is reaffirming its long-term commitment to sustainability and innovation. The landmark projects at Quest Hotel Clark and Festival Mall are part of a broader drive and strategy to embed energy-efficient, low-carbon solutions across Filinvest’s nationwide portfolio with Filinvest REIT Corp. already leading the way in the office sector. By taking the lead in this transformation, Filinvest Land is shaping not just greener properties, but a more resilient future for communities across the Philippines.

With a proven track record of delivering substantial energy savings, zero-downtime reliability, and lower carbon emissions, PDDC is expanding its solutions beyond the Filinvest ecosystem. Companies with large-scale cooling needs can now entrust PDDC with the future-proofing and operations of their cooling systems through long-term Build-Own-Operate-Transfer (BOOT) arrangements. This allows client leaders to focus on growing their core businesses—without the burden of significant CAPEX or customer concerns over indoor climate comfort and performance.

About Filinvest Land, Inc.

Filinvest Land, Inc. (PSE: FLI), a subsidiary of Filinvest Development Corporation (FDC), is one of the country’s leading and multi-awarded full-range property developers. It is listed on the Philippine Stock Exchange under the trading symbol PSE: FLI. Staying true to its mission, FLI continues to build the Filipino dream across the Philippines.

For years, FLI has built a diverse project portfolio spanning the archipelago, from its core best-value homes, to townships, mixed-use developments, mid-rise and high-rise condominiums, office buildings, shopping centers, and leisure developments.

FLI owns 20% of Filinvest Alabang, Inc., developer of Filinvest City (244 hectares), South Metro Manila’s premier garden central business district and home to Festival Mall, Filinvest’s flagship mall in Alabang. FLI is also developing two townships in the Clark Freeport Special Economic Zone: Filinvest New Clark City (288 hectares) and Filinvest Mimosa+ Leisure City (201 hectares), the latter in partnership with FDC.

About ENGIE

ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE invests more than €10 billion to drive forward the energy transition and achieve its net-zero carbon goal by 2045. Turnover in 2024: €73.8 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).

In Southeast Asia, we are a fast-growing team of more than 2,000 employees. With a geographical focus in Singapore, Malaysia, and the Philippines, we bring efficient energy solutions spanning from energy performance services and low-carbon infrastructure (district cooling, EV charging, onsite solar, etc.) to large-scale renewables to our clients across the industry, real estate, and data centre sectors. We act throughout the value chain to help our clients decarbonise today, for a better tomorrow.

About PDDC

Philippine DCS Development Corporation (PDDC) is the district cooling system joint venture of Filinvest Land, Inc. and ENGIE, the global leader in low-carbon energy and services. PDDC is the pioneer and currently the only provider of large-scale district cooling in the Philippines, bringing globally proven technologies to local developments. Through PDDC, Filinvest is driving energy efficiency and sustainability across its portfolio, setting new benchmarks for greener, more resilient, and future-ready communities.

 

Brand Website https://filinvestinnovationparks.com/ciudad-de-calamba

Corporate Website www.filinvestland.com


For Media and the Public:
MS. YNA ELLORDA
Corporate Communications, Filinvest Land Inc.
yna.ellorda@filinvestland.com