THE CONSTRUCTION of ArthaLand’s premium-grade office project located at the corner of 5th Avenue and 30th Street in Bonifacio Global City is now in full swing. The flagship project is set to be delivered beginning the third quarter of 2017.
Basement floors have already been completed and construction of the superstructure floors are well underway.
In keeping with ArthaLand’s corporate position that is focused on environmental sustainability, this green Triple A development is the Philippines’ first and only office building that is on target to achieve dual green building certification from the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) program and the Philippine Green Building Council’s BERDE (Building for Ecologically Responsive Design Excellence) program.
This 30-storey green office building is strategically located along the row of the business district’s high-grade buildings such as the future Philippine Stock Exchange, Shangri-la at The Fort, Net Plaza, and the top-end Central Square Mall, and Bonifacio High Street.
Bonifacio Global City attracts multinational companies for expansion given the district’s fast growth and proximity to other business locations such as Makati and Ortigas as well as the domestic and international airports.
“BGC offers the most advanced infrastructure, with the most prestigious upcoming landmark buildings. 5th Avenue, which is located in the heart of BGC, is envisioned to become the next Ayala Avenue,” notes Yves Luethi, Vice President for KMC MAG, an international associate of Savills, one of the leading real estate firms in the world.
Leuthi adds that “due to the prestige and the safety of BGC, Multinational Corporations (MNCs) have identified the city as preferred location for their current and future office needs. While the likes of Deutsche Bank, HSBC, Roche, JPMorgan Chase, QBE, and Coca Cola have successfully established themselves in the last few years, we have been seeing even more companies setting up shop at the Philippine city of choice. This is indicated by the most recent office take ups of Google, Wells Fargo, P&G, Unilever, Philip Morris, Financial Times, among many others. We are forecasting that this trend will continue far beyond the year 2018.”
He explains that “the other main CBDs, Makati and Ortigas, are currently experiencing a shortage in vacant spaces with limited new supply in the coming years. BGC is seen to meet this demand with more than 930,000 sq m of Premium and Grade A office space expected to hit the market by 2018. With the growing economy, the market is now seeing more MNCs expanding operations and BGC offers more and newer office space options that meet the high quality standards of these types of companies.”
Previously called ArthaLand Tower, the premium office project is now namedThe ArthaLand Century Pacific Tower in recognition of group’s support to the developer. The Po family’s Century Pacific Group is a major shareholder of ArthaLand.
Century Pacific Group is the parent company of Century Pacific Food, Inc., (CPFI) the largest and the leading player in the Philippine canned food industry. Under CPFIare major brands such as Century Tuna, 555, Argentina Corned Beef, Angel Milk, Birch Tree, and Swift, among many.
Certified Green Building
The ArthaLand Century Pacific Tower is pre-certified in the United States Green Building Council’ LEED (Leadership in Energy and Environmental Design) program in Gold category.
LEED is a globally recognized green building certification program that recognizes best-in-class strategies and practices on care for the environment. To be certified, building projects need to satisfy prerequisites and earn points based on intelligent selection of the building location, water and energy usage efficiency, responsible use of materials and resources, and indoor environmental quality.
ArthaLand Century Pacific Tower is also on target to achieve multiple star rating from the Philippine Green Building Council’s BERDE (Building for Ecologically Responsive Design Excellence) program.
This makes the premium project the country’s first and only office top-end office development to be on target to achieve dual green building certification.