New kid on the block (Makati)
Companies that are in growth mode took up 183,056 sqm. of new offices offered in 2018, according to a study by real estate services firm Leechiu Property Consultants. BPO and related companies remained dominant users, taking up 357,999 sqm. or 40 percent of the total. “The demand clearly demonstrates how our economy is growing,” said Kei Tiu Laurel-de Jesus, managing director of Frabelle Properties Corporation, developer of the high-end, 16-story Frabelle Corporate Plaza (Seen here) in Makati’s Salcedo Village. Due for completion in September, the project is attracting inquiries from firms currently benefiting from the Philippines’ sustained growth, and seeking the conveniences of doing business from Makati, the country’s prime business district. The building will devote eight floors for offices with a typical floor plate of 835 sqm. The rest of the building will be dedicated to parking, a top floor with an events hall that can seat up to 95 people and ground floor retail. The building, with a LEED silver certification and multiple telco providers, is located on Tordesillas Street corner Bautista Street.