• Office demand to drive real estate growth – Daiichi

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    Hailed at the 2015 Asia-Pacific Property Awards as the Best Office Development, World Plaza is slated to open in 2016, one of three Daiichi developments in BGC.

    The country’s economy is expected to stay strong with forecasts seeing it growing by around 6.3 percent at the end of 2016 with the real estate industry as one of the strongest contributors which continues to flourish due to the increasing demands for office spaces from the business and knowledge process outsourcing industries.

    According to Eric Manuel, Vice President for Business Development at Daiichi Properties, the more successful property developers will be those whose projects do not just follow trends but are also able to initiate innovation and change. “Simply building to provide an inflexible office space will become less relevant as building to adapt and respond play a bigger role in the overall fabric of the city, and of the country,” Manuel asserts.

    Coming off a banner year, Daiichi Properties is one of the property developers in the country that show much promise. Daiichi’s The Finance Centre was hailed as the Philippines’ “Best Office Development” at the Asia-Pacific Property Awards held April 7, 2016 in Kuala Lumpur, Malaysia. The award is the company’s third for the same category since 2013.

    Re-evaluating Spaces
    Daiichi Properties recently held the topping-off ceremonies of World Plaza to celebrate the completion of the building’s structural phase. Photo shows (from fourth from left) Arch. Reynaldo Fuentez Jr. (VP for Project Management Group, Daiichi Properties), Charmaine Uy (Senior Vice President, Daiichi Properties), Engr. Bernard Parajado (Project Director, Daiichi Properties), Engr. Noel Villena (Project Director, Daiichi Properties), and Eric Manuel (VP for Business Development, Daiichi Properties).

    To keep up with the latest worldwide trends in design and to know what tenants are thinking, Daiichi constantly refers to insights by its collaborative partner and architect, the American design and architectural firm, Gensler. In the last 10 years, Gensler has been doing surveys of US tenants in order to better understand the office space market.

    Daiichi also began exploring possibilities to maximize the spaces in its buildings. “We are no longer in the business of simply providing office spaces,” Manuel stresses. “Developers like us have the responsibility of improving a building’s overall efficiency, providing a balance between what’s outside and what’s inside, and creating a healthier and more sustainable environment for those inside and around the area,” he adds.

    Daiichi’s World Plaza, for example, is connected to a collaboratively designed open plaza. The Finance Centre, upon its completion, will also feature a sprawling plaza with a landscaped garden and water features.

    Another important thing to note is the fact that technology has increasingly been playing an important role in property development. Chad Curry of NAR’s Center for REALTOR Technology recently named “mind-blowing technologies of the future” in relation to real estate. His list included devices that monitor internal comfort levels, wearables that allow users to interact with their environment, and responsive architecture.

    According to Manuel, Daiichi Properties uses technology to determine the best positioning of their properties. For one thing, the company uses performance-based structural assessment technology to determine how to best achieve above-standards structural reliability for their buildings, with emphasis on earthquake and typhoon resistance.

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