The Philippines was chosen by international media firm Forbes Media as the location of its first commercial tower, even tapping a local developer to build the world’s foremost Forbes Media Tower in Makati.
Forbes Media Tower, a commercial office building that is expected to cater to global business leaders and international events, will be the first of many Forbes Media Towers to be built around the world.
Mike Perlis, president and chief executive officer of Forbes Media, said that the first Forbes-branded commercial tower signifies the firm’s “long-standing mission.”
“The Philippines, with its rapidly growing market and strong relations with the US, is the perfect location to launch this effort,” Perlis said.
Forbes Media also tapped Philippine-listed developer Century Properties Group Inc. to jointly develop the tower.
Jose E. B. Antonio, president and chief executive officer of Century Properties, said that it is an honor for the country to be recognized by Forbes as one of Asia’s bright spots, even further showing its confidence by choosing Makati City as the first site of its landmark business tower.
“Century Properties is honored to be working with Forbes Media for this project.
Forbes is synonymous with success and business, and this partnership fits perfectly with our distinguished portfolio of local and internationally renowned brand partners,” Antonio added.
The Forbes Media Tower in Makati will offer approximately 60,000 square meters of premium office space, which will be available for sale and for rent to business owners, entrepreneurs and companies by the first quarter of 2014. In addition to office space, the building will provide venues for meetings and events.
The tower will be located in Century City, a mixed-use development of Century Properties in the central business district of Makati. Century City is comprised of premium residences, office buildings and the Century City Mall. The tower’s location is part of an information technology zone, which will allow accredited locators to benefit from incentives from the Philippine Economic Zone Authority.
Madelaine B. Miraflor