Sta. Lucia Inks Advisory Agreement with CBRE Philippines

Share

20 March 2013

Seen from left to right during contract signing are Joey Radovan, Vice Chairman for CBRE Philippines Global Corporate Services; Rick Santos, CBRE Philippines Chairman & Founder; Exequiel Robles, SLI President; David Dela Cruz, SLI Executive Vice President, and Paul Michael Robles, Vice President for Sales.

Listed company Sta Lucia Land, Inc., (“SLI”) formally engages CBRE Philippines (CB Richard Ellis Philippines, Inc.) as its exclusive Real Estate Advisor.  Under the terms of the agreement, CBRE Philippines will provide general and transactional advice to both SLI and its parent company, Sta Lucia Realty and Development Inc. (“SLRDI”) on how to optimize the group’s combined portfolio of over 220 projects, which includes 14 golf courses, a shopping mall in Rizal, over 10 high rise projects and several leisure and tourism-related properties.

The Sta Lucia Group has over 40 years of track record in real estate development, and is known for its landmark leisure developments such as the Acropolis in Quezon City, the Splendido Complex in Tagaytay, the Orchard Golf & Country Club in Cavite, Alta Vista in Cebu and Rancho Palos Verdes in Davao.

Exequiel Robles, SLI President and CEO shared that group’s vision is “to provide quality projects in the residential, tourism / leisure and retail segments of the market.  Over the years, we have developed over 9,000 hectares of land across the country and will continue to invest heavily to help augment the country’s huge demand for residential developments.”

CBRE Philippines is the leading real estate services and advisory firm in the country with over 18 years of proven track record in the industry. The company has been responsible in bringing in the largest institutional investors to the country, and has been instrumental in the development of the real estate industry.

Rick Santos, CBRE Philippines Chairman & Founder said that, “This is the best real estate market we’ve seen in 20 years. Our partnership with Sta. Lucia Land is an indication of the company’s strength and commitment in contributing to the industry’s success.”

 

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!

JOIN THE CBRE COMMUNITY

Receive our latest industry research, news and updates by signing up.

Want to Unsubscribe?

Contact

Manila Office

10F Ayala Tower One & Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
1126 Philippines

T +632 752 2580 | F +632 752 2571
ricksantosteam@cbre.com.ph

Cebu Office

Unit 1505, 15th Floor, Ayala Life - FGU Center
Mindanao Avenue,Corner Biliran Road
Cebu Business Park, Cebu City
6000 Philippines

T +032 318 0070 | +032 236 0462
ricksantosteam@cbre.com.ph

Contact Us | Sitemap | Disclaimer/Terms of Use | Privacy Policy | © 2012 CBRE Philippines, Inc. All rights reserved: Part of the CBRE Affiliate Network

For inquiries, fill up the form below.

Name

Email Address

Subject

Message

For inquiries, fill up the form below.

Name

Email Address

Subject

Message

For inquiries, fill up the form below.

Name

Email Address

Subject

Message

We would like to hear from you on how we can serve you better. Please fill out the form below and we will get back to you as soon as we can.

Name

Email Address

Subject

Message

Captcha

CAPTCHA code

Share