CBRE represents Philippines at Asia Pacific International Property Awards

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The Philippine Star

08 December 2012

http://www.philstar.com/modern-living/2012/12/08/882679/cbre-represents-philippines-asia-pacific-international-property

MANILA, Philippines – Premier developers, architects, interior designers and real estate agents across the globe are eagerly awaiting the announcement of the winners of the hotly contested International Property Awards. Having won at national and regional level, the next stage of the competition is for the top-scoring winners from each category to take on the world by competing against one other. Companies represented their respective regions in the grand final — Asia Pacific, Africa, Europe, Middle East, UK, Canada, Caribbean, Central & South America and the USA. Following a further scrutiny by the judges, the ultimate World’s Best in each category in the grand final at the J W Marriott Grosvenor House Hotel in London last Dec. 7.

The Philippines and Asia Pacific was represented at the World’s Best Lettings Agency Awards — through CBRE Philippines, which won the Asia Pacific Best Lettings Agency earlier on this year. CBRE Philippines competed against regional winners Global Investment Properties for Africa, Smith & Ken for Arabia, and Aidan J Reed for UK. CBRE Philippines is the only joining company from the Philippines to have successfully made it at both the Asia Pacific and World Categories.

Rick Santos, chairman and founder of CBRE Philippines said, “We are proud to represent the country to this prestigious award-giving body. Our success is an indication that the Philippine property market is thriving. This has been the best market I have experienced in my 20 years in the industry.”

The International Property Awards are the world’s most prestigious property competition and cover residential as well as commercial categories. Judging is carried out through a meticulous process involving a panel of over 80 experts and covering every aspect of the property business. The judges are not only looking for the most impressive and innovative projects, they are also examining the sustainability and eco-friendliness of every property and development that comes under their scrutiny.

 

Orion Support Incorporated (OSI)

Dear Rick,

Following up from my initial request to you for support in finding a new office location for our company, Orion Support Incorporated.   Well, we moved in to the LTA Building on Perea Street, fifty meters or so from Paseo de Roxas this weekend, only a 4 minute walk to AmCham and under excellent terms.

While I think you assigned both Morgan Mcgilvray and Sherdil Rana to support our original request; as you know, Morgan was very tied up with his wife giving birth during the period we identified this location and negotiated with the landlord, Mr. Mike Arroyo. Yes, the former First Gentleman. But in my short interaction with Morgan, I can see that he is a solid, young professional.

With regards to Sherdil, I want to tell you that with 35+ years of interviewing hundreds and hundreds of individuals, I was impressed with his professionalism, focused support and “can-do” attitude  from the point of identifying our potential office space, and through the negotiation stages prior to the signing of our 6 year contract.  I was impressed with his considered opinions, insightfulness with regards to Philippine business culture and his sage advice related to our strategy in the negotiation process.  Sherdil was able to negotiate a rental rate per square meter about 150 – 200 pesos less than the going rate in this area, and with only a 7% increase after 24 months. Add to that, he secured for us three parking slots at no additional cost, two months security deposit versus the standard three, and two months advance rent to be applied to the front end of our contract versus the back end as is the case in most rental contracts. And, he got the landlord to repaint the entire office with three coats of mildew resistant paint at their expense.   But best of all, we were given a 6 year lease, with only having to give two months notice and forfeit only our two month security deposit to move out anytime with no additional penalty!

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