Green Buildings In The Philippines

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Manila Bulletin

4 March 2013

http://ph.news.yahoo.com/green-buildings-philippines-122634159.html

More multinational corporations that want to set up local headquarters in the Philippines look for eco-friendly skyscrapers. There is a mounting demand from the international business community, especially foreign investors, on local locators to offer more green buildings. An increasing number of Filipino building owners are retrofitting and upgrading existing buildings to improve energy efficiency and environmental performance.

Green growth is gaining momentum in developed and emerging economies like the Philippines. Green buildings reduce the strain on energy resources. A study by the United States of America-based commercial real estate services firm CBRE Global Network showed that while green building may entail more costs, the investment is recoverable in the long run through decreased operating costs, increased return on investment through higher tenant retention, and increased asset value.

Foreign investors prefer Leadership in Energy and Environment Design (LEED)-certified, or buildings designed following green-architecture principles, such as more natural light and ventilation, green roofs, green walls, rainwater harvesting facility, sky gardens, and skywalks to reduce elevator use. LEED was created by the United States of America Green Building Council, and is a widely used green rating system worldwide. The five LEED certified buildings in the Philippines are Asian Development Bank, Nuvali One Evotech, Shell Shared Services Office, and Texas Instruments in Baguio City and in Clark, Pampanga. Some 58 projects are awaiting LEED certification.

A local rating, a counterpart of the LEED certification, was created by Philippine Green Building Council (PHILGBC), a non-profit organization that promotes green building design, construction, and management that are ecologically responsible, safe, and healthy. It is an alliance of building and construction industry leaders from public and private sectors who develop a nationally accepted green building rating standard, called Building for Ecologically Responsive Design Excellence (BERDE).

We congratulate CBRE Philippines Chairman and Chief Operating Officer Rick M. Santos and Philippines Green Building Council Chairman Christopher C. de la Cruz, and other Officials and Members, for their “green” building initiatives and projects. CONGRATULATIONS AND MABUHAY!

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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