ArthaLand launches P8 billion green office dev't in Cebu
[Editor's Note: The following is a press release from ArthaLand Corporation]
Po family-led green developer ArthaLand Corporation is set to launch Cebu Exchange, its first project outside of Luzon that signals the company’s continuous expansion.
The P8-billion, Grade-A office development is designed to address the IT and business process outsourcing industry’s growing demand for quality space, and will rise on the property that ArthaLand recently acquired along Salinas Drive in the Cebu IT Park area.
To be built on more than 8,000sqm of prime property, Cebu Exchange will be the largest and the tallest IT-BPM business ecosystem at the Cebu IT Park area. The 38-storey office building will house 4 floors of complementary retail outlets and 30 large-cut flexible office floors.
“With the continuing market optimism in Visayas and Mindanao, ArthaLand sees robust opportunities especially in the information technology and business process management sectors. This is why we are aiming to launch Cebu Exchange very soon,” said Angie de Villa-Lacson, the company’s president and CEO.
Among properties within Visayas and Mindanao, Cebu Exchange will be the first and only office development to be on target to achieve dual green building certification under the U.S. Green Building Council’s LEED program and the Philippine Green Building Council’s BERDE certification programs.
To ensure resource efficiency for the building’s locators, Cebu Exchange will feature green elements such as efficient building envelope, water efficient plumbing system, low-energy consuming air-conditioning system, efficient lighting system, use of low-emitting materials, and allocation for Low-Emitting & Fuel Efficient Vehicle (LEFEV) parking.
With its strategic location, the project is well-connected to the rest of the community, thus requiring less use of motorized vehicles.
According to industry experts and property analysts, certified green buildings are preferred by multinational players as required by their home offices.
“ArthaLand is the only Philippine developer that puts sustainability at the core of all its projects. This is why we know that the expertise that we bring to Cebu and the rest of Visayas and Mindanao will further boost the region’s business viability,” de Villa-Lacson said.
“Cebu Exchange will change VisMin’s real estate landscape. Cebu Exchange will be the Future of Business in the region,” she emphasized.
ArthaLand Corporation rests on a solid backing under CPG Holdings, Inc. (CPGHI), its biggest shareholder. CPHGI is led by the Po Family of the Century Pacific Food Inc., the Philippines’ largest canned food company which owns market leader brands such as Century Tuna, 555, and Argentina, among others. ArthaLand’s other major shareholder is international investment firm, AO Capital Group.