Real estate boom

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By Julito G. Rada

Manila Standard Today

Nov. 21, 2012

http://manilastandardtoday.com/2012/11/21/real-estate-boom/

The Philippines is experiencing the “best real estate market in the last 20 years,” according to real estate advisory firm CB Richard Ellis Philippines.

“We are looking at sustained growth and success. The challenge now is how to cope with this unprecedented success,” CBRE chairman Rick Santos said in a press briefing in Makati City Tuesday.

Santos said the phenomenal growth of the business process outsourcing sector supported the expansion of the office and commercial space sector.

“The Philippines is one of the top BPO providers in the world, surpassing India in voice operations and second in non-voice,” Santos said.

He said there remained a lot of room for expansion in other areas, such as software and web/graphic development, information technology and engineering services and healthcare BPO.

Adchemy

Yesterday , we concluded the handover of our unit located on the 27/F of Philamlife Tower. It was a relief that we finally have access and can proceed with our minor refurbishments. Finally an official announcement can be given to our Engineers who really deserve a better facility that they can call their own.

Much of this good news and feelings of self-achievements of getting this unit would not be possible without your help and that of you most gallant employees, Mr. Francis Bautista and Mr. Philipp Llave.

Initially our head office in San Francisco was not in favor to get our own unit and moving out of Regus because of the initial capital outlay it represented. Eventually we were granted approval to start the search on the condition that it would be a tail-end of an existing lease, with no capital outlay needed for fit-out, cabling and furniture on our part. Knowing what the real estate market in the Philippines is like and our prior experience in finding office space, the situation proved very challenging, if not frustrating for us.

But with their professionalism, persistence and unique knowledge of the market, Francis and Philipp were able to find us a unit that fit the specifications of our head and negotiate a deal that was beneficial to us. To sweeten the deal further, the space they provided is just a few floors away from our existing office thus making it an easier transition for us.

Bottom line, what I am trying to say is “THANK YOU” to both most especially to Francis who’s been very instrumental on all my needs in terms of office spaces.

Keep up the good work guys!

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