Daiichi Properties, CBRE partner for One World Place
One of the industries currently benefiting from positive economic developments in the country is the real estate sector. The commercial office segment is seen as a bright spot in real estate investments in the Philippines. Brisk expansions from global occupiers and BPOs have significantly tightened office supply in major central business districts, with vacancy rates now hovering below five percent.
Recognizing the need for more quality office developments, Daiichi Properties recently launched One World Place—an iconic office building designed by renowned architectural firm Gensler and which won Best Office Development in the recently concluded Asia Pacific Property Awards. This upcoming development is located along 32nd St., Bonifacio Global City and is PEZA-pre-qualified.
Moreover, the building is precertified at Gold level for Core and Shell under the Leadership in Energy and Environmental Design (LEED) program of the US Green Building Council. Set for completion in the first quarter of 2015, One World Place will offer green and premium office spaces for corporate and multinational locators.
As part of the team to bring One World Place to market, Daiichi Properties has enlisted leading commercial real estate services and advisory firm CBRE Philippines as the building’s sole leasing agent, leveraging on the property consultancy’s extensive expertise in office and property leasing. The agreement also leverages on the decades-long relationship between the two companies.
Salvador Uy, chairman of Daiichi Properties, when asked about their partnership with CBRE Philippines shared: “It is a highly satisfactory partnership born out of our pioneer Grade A building project in Ortigas CBD two decades ago. CBRE’s role was significant in our goal of delivering global standards of excellence in servicing and attracting multinational occupiers.”
“We hope to achieve the same success with One World Place at the Bonifacio Global City,” added Uy. “We’ve seen the highs and lows of Philippine economy and, most notably, of the real estate sector. The investment grade ratings are definitely boosting business and investors’ interests in commercial properties. The country also has a young median age making Filipinos an attractive workforce—BPOs and KPOs are going for that here. To sustain this positive outlook, as developers, we only have to make sure that we supply and exceed the requirements and standards of clients and tenants. This is also why we’re investing in technology—constantly improving and looking at the latest world-class standards.”
Rick Santos, chairman and founder of CBRE Philippines added that “Daiichi Properties has a solid track record in quality and world-class development. Our partnership started 20 years ago with The Taipan Place in Ortigas CBD. We are happy to renew our partnership with Daiichi Properties through another world-class development, One World Place.”