Project Spotlight: One World Place

One World Place will open its doors to tenants in January 2015. Image © Gensler

One World Place is Daiichi Properties & Development’s latest Class A office building in Fort Bonifacio, an unincorporated area of Metro Manila. Designed by Gensler, the building is currently in the final phase of construction and will open its doors to tenants in January of 2015. This exciting development coincides with the continued growth of the Philippines economy, which is currently the largest in southeast Asia and is projected to become the twelfth largest in the world. Fort Bonifacio exemplifies the explosive growth taking place across the Philippines; construction cranes dot the city’s skylines as commercial office buildings spring up throughout the metropolis.

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Customizing a Mixed-Use Building in Real Time: The Finance Centre Tower

A rendering of the Finance Centre Tower. Image © Gensler

The Finance Centre Tower is Daiichi Properties’ latest addition to the Fort Bonifacio Global City Skyline. Fort Bonifacio Global City is the emerging central business district in the Philippines capital of Manila. It is representative of the accelerated economic growth of the Philippines, which is currently the second strongest in the Asia after China’s. This growth has stemmed from the country’s burgeoning service sector, which is generating an increased number of jobs and growing the demand for commercial and office real estate. Because places like Fort Bonifacio need more commercial office buildings, the property market in Bonifacio Global City has been significantly bolstered in recent years.

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Daiichi Properties Helps Boost Philippines’ Real Estate Boom

World Plaza , a 27-storey office building, is conveniently located at one of the country’s premier business districts—Bonifacio Global City (BGC). Image © Gensler

The Philippines’ investment grade improvements turned the country into a viable investment site for foreign investors, its status affirmed by credit ratings firms such as Standard & Poor’s that dubbed the country as Southeast Asia’s economic leader. Recently, Moody’s Investors Service has also upgraded the Philippines’ rating to “investment grade” and has also revised its outlook for the country’s debt rating to positive which indicates the possibility of another upgrade in the next 12 months. The real estate boom happening all over Metro Manila and in other key cities nationwide is just one of the many indicators that the country’s strong economic performance will continue.

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