Cebu Exchange is an office development in Cebu City, Philippines developed by Arthaland. Arthaland is an award-winning developer, whose honors include wining Best Office High Rise Development, Japan International Property Awards 2019; Best Commercial Landscape Development, Philippines Property Awards 2019; and Best Office Development (Cebu), Philippines Property Awards 2018. Phase 1 of the Cebu Exchange will be completed Q3 2020, with Phase 2 scheduled for completion in Q2 2022. LeadingRE sat down Michelle T. Tuason, Senior Sales Director, Cebu Exchange by Arthaland, for insights on the development.
Describe what is unique about Cebu Exchange.
Cebu Exchange is an office development strategically located in Cebu I.T. Park, Cebu City. Cebu is one of the most influential economic centers in Southern Philippines and is quickly emerging as one of the top IT-BPO destinations in the world. A premium, eco-friendly and sustainable office development, the Cebu Exchange is a well-balanced business ecosystem with smart office technologies, plush amenities, and a diverse retail mix where businesses and individuals can thrive in harmony.
Tell us about the philosophy behind the project.
The Cebu Exchange features a robust design inspired by the beautiful, crystalline structure of salt. From this focal design point, a dynamic workscape was then intuitively composed and carefully curated to become a landmark address attuned to the needs of businesses and individuals.
What has the market response been to Cebu Exchange?
The market response towards Cebu Exchange has been positive and well-received by investors. As the biggest single-tower green office development in the Philippines, it is set to become a landmark for sustainable development in the country.
What lifestyle features does Cebu Exchange offer consumers?
Thoughtful and deliberate from design to execution, the Cebu Exchange will boast of a wonderful selection of amenities that will elevate employee experience and well-being, creating a true business ecosystem. From beautiful open-air landscaped decks that provide lush vertical sanctuaries for every building zone to dedicated sewage treatment and materials recovery facilities that controls the tower’s waste production, everything has been carefully considered.
What are the key selling points when it comes to the projects location?
Known for its powdery white sand beaches, delicious local fare and artisan crafts, Cebu, the Queen City of the South, has always been one of the most important and influential economic centers in the Philippines and is quickly emerging as one of the most prominent IT-BPM destinations in the world .With its idyllic work-leisure environment, it’s no surprise that Cebu has further developed into a regional hub and a preferred location of some of the most renowned global institutions, further contributing to the city’s booming economy. Cebu Exchange is located at the gateway of Cebu I.T. Park, which is the most prestigious masterplanned Central Business District in Cebu.
What makes it compelling for real estate investors?
Cebu Exchange represents and an outstanding opportunity for investments to grow. The cash yield from recurring rental income is projected to be almost 7% - 7.5%. Cebu I.T. Park has a low vacancy rate at 1.6% (as of 1H 2019). There is also a further upside from capital appreciation, as a first mover advantage.
Do you anticipate activity from international investors?
Yes, we’re anticipating a lot of interest from international buyers across the Asia-Pacific region.
Are there any factors international buyers should be aware of when considering your economic environment?
The unique service that Arthaland offers, which is the Consolidated Leasing Solutions (CLS), is an easy and cost-effective way to capitalize on office real estate by investing in small cuts. This service makes it hassle-free for investors to invest and earn from an office unit in Cebu Exchange. Just invest and Arthaland will do the rest.