Green boutique developer Arthaland Corp. said it is seeking to capitalize on the booming Information Technology and Business Process Management (IT-BPM) market in the Visayas-Mindanao region.
In a disclosure to the Philippine Stock Exchange on Friday, Arthaland said it just acquired a prime property along Salinas Drive in Cebu City, where it plans to put up a “world-class, green office building” with the IT-BPM industry as the primary target market.
The company said it got the new Cebu property through its newly formed subsidiary, Cebu Lavana Land Corporation.
“We are bullish on the Vis-Min market, given its fast-paced growth in the past few years,” said Angie de Villa-Lacson, ArthaLand’s president and CEO. “We believe that Cebu, being a global hub in this part of the country, plays a major role in further lifting Central and Southern Philippines’ economy.”
According to Lacson, “further growth potential is there because of well-educated Visayans and sound business environment.”
In a statement, Arthaland said its newly acquired property is strategically located at the Cebu IT Park area, where multinational IT-BPM offices currently operate.
The company is looking at developing it into an office building, with at least 51,000 square meters of high-grade space to the local market on the first phase.
“ArthaLand will be a strong partner in the growth of Visayas and Mindanao by bringing in our experience in building world-class, boutique, and sustainable projects in Cebu,” Lacson said.
The lady CEO said the Cebu project aims to make a meaningful contribution to the local economy, by providing Cebuanos and the rest of the Visayas and Mindanao region with more opportunities for global business.
Focusing on green development, Arthaland’s flagship residential project is Arya Residences, a two-tower boutique condominium in McKinley Parkway in Bonifacio Global City (BGC) in Taguig, set for completion by the first quarter of 2016.
Arthaland is also now working on its second project, Arthaland Century Pacific Tower, also
in BGC, at the corner of 5th Ave. and 30th Street. Delivery of this one is set to in the third
quarter of 2017.
Both projects, the company said, are on target to achieve dual green building certification from the United States Green Building Council’s Leadership in Energy and Environmental
Design (LEED) program and the Philippine Green Building Council’s Buildings for Ecologically Responsive Design Excellence (BERDE) program.
ArthaLand is a publicly listed company whose major shareholder is Century Pacific Group Holdings, Inc. (CGPHI), the parent company of Century Pacific Food, Inc., (CPFI) the largest and the leading player in the Philippine canned food industry.
Under CPFI are major brands, such as Century Tuna, 555, Argentina Corned Beef, Angel Milk, Birch Tree, and Swift.
The company is also partly owned by international investment firm, AO Capital Group, an international investment firm.