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Embracing the future of workspaces

These days, it’s no longer surprising to see employees of different firms sharing a single workspace rather than cloistered in their own office buildings or units. This trend of “coworking,” first set up in San Francisco in 2005, arose with the advent of globalization, technological advances and sharing economy, further enhancing worker mobility and flexible work arrangements. Research data show coworking players worldwide will more than double this year—from 7,800 at the start of 2016 to 16,100 at year-end. Also, an estimated 3.8 million people are expected to work in coworking spaces by 2020, four times the number today at 976,000. Riding the wave Many business startups in South East Asia now embrace this trend. U.S. real estate services firm Cushman & Wakefield projects coworking spaces to comprise 15 percent of the region’s total …

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‘Lanai living’ lands in the Enclave Alabang

Most Metro Manila lot owners have been conditioned to live within the four high walls of their homes – seemingly entrapped by iron grills on every window for good measure.  The Enclave Alabang (TEA) intends to reverse this practice by enticing homeowners to extend their living spaces beyond their property lines into the community common areas – thereby expanding their recreational and entertainment options in new ways. The Enclave Alabang is a 10.5-hectare community along the fast-growing Daang Hari corridor in Southern Metro Manila. The residential subdivision with 169 lots from 304 to 597 sqm will be completed in 2017. It is developed and managed by the Filinvest Group. The novel scheme is the result of a collaboration among TEA clubhouse interior designers Budji Layug and Royal Pineda, H1 Architecture which was …

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Educate, innovate, celebrate

One of the brightest ideas real estate developers and practitioners can have before the year comes to a close is taking part in the much-anticipated 2016 Realtors Conference and Expo. Slated from Nov. 4-7 at sunny Orlando, Florida, this event organized by the National Association of Realtors or NAR is the largest gathering of real estate professionals worldwide and carries the theme: “Educate, Innovate, Celebrate.” As 19,000 Realtors converge for the event, participants are poised to learn about best practices in the US real estate industry, get sales tips and business techniques from top industry experts, discover the latest products and services in real estate, and make new contacts with professionals from more than 60 countries around the globe. The Chamber of Real Estate & Builders’ Associations, Inc. (CREBA) has been the …

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Are you feeling the daily brain drain of your commute?

Latest research from flexible workspace provider Regus shows that business people regard their daily trip into and out of the office as a drain on productivity. This “limbo” of time that is mainly seen as neither productive work time, nor enjoyable personal time is widely regarded as an obstacle to more useful or entertaining pursuits. Of the almost 40,000 Regus survey respondents, 35% Filipino respondents report it is a pointless, undefined time, while 26% positively hate their commute and brand it as a ‘waste’ of their precious time. This means that for well over half of business people in the Philippines, commute time could be re-invested in more productive work time or in enjoying a few hours more sleep in the morning. Key survey findings include: Only a minority of business people in the …

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Okada Manila: 44-hectare massive integrated resort set to open in December

Okada Manila is envisioned to become a massive integrated resort that is “nothing like anyone has seen” that will rise in the Entertainment City in Paranaque. A game changer not only in terms of its scale but in its impact to the tourism industry, it is set to open its doors in December. Located on a 44-hectare land, it currently has more than 18,000 construction workers employed to finish the first phase of the property. “We’re on target and we’re anticipating a particularly special event when we do open,” Okada Manila President Steve Wolstenholme said of the flagship development of Tiger Resort, Leisure and Entertainment. The first phase of the project will cover the casino floor, two hotel wings, nightclub and beach club, retail area, restaurants, and an iconic fountain, which will be …

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Company green-lights solar power rooftop plant

The emergence of companies or buildings going green is noticeable as the negative effects of environment destruction have been palpable within the past few years.  Small steps – saving water, recycling trash, using solar energy, or utilizing LED TV – are encouraged and are now part of the efforts to become green. A few weeks ago, one such conglomerate that has joined in the campaign for clean energy is Rex Group of Companies, led by its flagship company, Rex Book Store Inc. As one of the country’s leading educational publishing outfits, it takes a step further toward with its eco-friendly efforts as it green-lights its first solar power plant. Led by Rex Group of Companies Chairman Atty. Dominador Buhain, COO Don Timothy Buhain and key officials of the group, along with officials …

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Developer unlocks potential of lands in Sta. Rosa and Mandaluyong

The Philippine real estate industry has been flourishing in the past few decades. While some companies might see the increased competition as daunting, Greenfield Development Corporation is celebrating the vibrancy of the market. “We are all for the opportunities that these exciting times in real estate bring,” said EVP and GM Atty. Duane A.X. Santos. As one of the most experienced developers in the country, Greenfield knows what it speaks of as its projects have been known to be built on careful planning and consideration, as well as on a visionary approach to land use. Together with this comes a distinct advantage that backs Greenfield’s optimism, and that is its landholdings that the company has been able to preserve over time. Today, the company is in a position to unlock the immense value of …

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Pampanga-based firm building the first CBD in Central Luzon

Land development of the first central business district (CBD) north of Metro Manila, aptly called The Infinity, will soon be completed along the North Luzon Expressway in Pampanga. “The first phase of the land development is targeted to be completed before the end of this year,” said Alex Jazmines, project director of AC Beautiful Island Realty Development Corp. (ACBI), the property development arm of JENRA Group of Companies. “We started developing in February 2016. Right now, we are talking to international companies that would want their offices and their businesses located in our project.” JENRA, owner of a chain of malls, supermarkets and fastfood restaurants in Central Luzon as well as the Sacred Heart Medical Center in Pampanga, is now making its mark in the property development through The Infinity – a 43-hectare …

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Eton expands Centris Walk

Today’s most admired companies in the world are known for enabling employees to merge passion for their careers with leisure and entertainment. One of the best ways is by locating their organizations in vibrant lifestyle hubs where employees can make an impact in their industries, while easily accessing diverse activities and attractions to reward themselves, unwind, and bond with loved ones. At the heart of one of Quezon City’s premier convergence points sits Eton Centris. A 12-hectare mega-complex, it presents seamlessly integrated offices, retail complexes, restaurants, and an events venue in a lush environment. To date, the development has a total of four buildings, providing 24/7 office solutions to BPO and IT companies, a lifestyle and commercial strip, a two-level transit-oriented mall, and an events venue. Pursuing the implementation of its masterplan, Eton Centris …

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CREBA housing vision gets support from industry icons

The vision of “A Home for Every Filipino” being advocated by the Chamber of Real Estate and Builders’ Associations, Inc. (CREBA) is gaining ground and drawing the support of government and industry icons. That support can be gleaned from the participation of lawmakers, key shelter agency heads, government officials and industry experts in CREBA’s forthcoming national convention and its sponsorship by leading firms in various sectors. Housing Committee heads Senator Joseph Victor G. Ejercito and Rep. Alfredo B. Benitez of the upper and lower chambers of Congress lead government officials who have confirmed their participation as guest speakers. “Also supporting the convention are leading industry players Boysen and Vistaland. Other event sponsors include DMCI Project Developers, PLDT, Pag-IBIG Fund, R-II Builders, Loyola Memorial Parks and Gardens, E. Ganzon, Inc., Forming Access and Support …

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