{"id":4885,"date":"2016-02-16T12:20:59","date_gmt":"2016-02-16T05:20:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-of-worlds-first-forbes-branded-office-tower-officially-begins\/"},"modified":"2016-02-16T12:31:05","modified_gmt":"2016-02-16T05:31:05","slug":"construction-of-worlds-first-forbes-branded-office-tower-officially-begins","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-of-worlds-first-forbes-branded-office-tower-officially-begins\/","title":{"rendered":"Construction of world\u2019s first Forbes-branded office tower officially begins"},"content":{"rendered":"


\nThe latest addition to Manila\u2019s thriving office sector will open its doors in 2019
\nForbes Media Tower
\nForbes Media Tower, a joint venture between Century Properties Group and Japanese conglomerate Mitsubishi Corp, finally broke ground in Makati, according to a Forbes press release.
\nThe 35-storey skyscraper is dubbed the first Forbes-branded commercial tower in the world and will cost PHP4.5 billion (USD100 million) to build. It is part of the master-planned Century City project, where a number of other branded developments from Armani\/Casa and Trump Organisation are located.
\n\u201cThe demand for business space in Makati will always be present and it is an important challenge to create a new town concept in order to accommodate a very crowded, old area,\u201d Yoshio Amano, general manager of Mitsubishi Corp\u2019s Manila branch, said in a statement.
\nForbes Media Tower groundbreaking in Century City, Makati, Philippines (Photo from Century Properties)
\nForbes will own 40 percent of the project, while the majority 60 percent interest will be owned by Century City Development Corporation. Financing will be shouldered by both firms, as well as from an approved loan from the Bank of the Philippines Islands.
\nAccording to the developers, the new tower, which will be completed in 2019, is designed to cater to global businesses and world leaders by providing them premium office spaces with a total floor area of 95,000 sqm.
\nThe groundbreaking ceremony on Kalayaan Avenue was attended by top executives from Mitsubishi Corp led by Takuya Kuga, division chief operating officer for IFLD, and Century Properties Group chairman and Philippines Property Award-winner\u00a0Jose E. B. Antonio.
\nIt took a few years of negotiations before construction started on the project. The building was originally targeted for completion in early 2014, but the JV agreement was only finalised and signed in September 2015.
\nManila\u2019s office sector has been described as one of the bright spots in the latest World Office Yield Spectrum report from consultancy firm Savills. The mega-city ranked third worldwide, beating heavy-hitters such as Beijing, Melbourne, Miami, Sinapore and Tokyo.
\nRead next: The rise of Manila\u2019s new urban townships
\n
\nSource : property-report.com
\nRead more…Construction of world\u2019s first Forbes-branded office tower officially begins<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest addition to Manila\u2019s thriving office sector will open its doors in 2019 Forbes...<\/p>\n","protected":false},"author":1,"featured_media":4886,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-4885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Forbes-Media-Tower.jpg?fit=740%2C565&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1gN","jetpack-related-posts":[{"id":12160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-metro-manila-remains-phs-real-estate-hub-despite-its-problems\/","url_meta":{"origin":4885,"position":0},"title":"Why Metro Manila remains PH\u2019s real estate hub, despite its problems","date":"May 9, 2016","format":false,"excerpt":"\r \u201cWe\u2019re in a period of transition\u201d The National Capital Region, or Metro Manila, remains the Philippines\u2019 economic and real estate hub In Part Two of this\u00a0four-part series, take a look at the rapid progress in the\u00a0real estate sector in the Philippine capital, Metro Manila When John Forbes, senior advisor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finishing-touches-on-bangkoks-tallest-superluxury-tower\/","url_meta":{"origin":4885,"position":1},"title":"Finishing touches on Bangkok\u2019s tallest superluxury tower","date":"July 13, 2016","format":false,"excerpt":"\r Residents are expected to move in this Q3 2016 Image credit: MahaNakhon on Facebook The finishing touches are being put in place at the 77-story MahaNakhon tower, Bangkok\u2019s tallest building, and the first residents will start moving in throughout September. In addition to the 209 Ritz-Carlton Residences, the development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/price-list-of-the-worlds-costliest-tower-starts-doing-the-rounds-as-new-owners-look-for-buyers\/","url_meta":{"origin":4885,"position":2},"title":"Price list of the world\u2019s costliest tower starts doing the rounds as new owners look for buyers","date":"May 30, 2018","format":false,"excerpt":"\r A price list of 48 floors of The Center, the world\u2019s costliest tower bought by a consortium of investors from Hong Kong, is being circulated to gauge market sentiment for a possible resale, hardly a month since the record HK$40.2 billion (US$5.2 billion) deal was completed. In early May,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-center-is-back-in-hong-kong-hands-as-mainland-firm-pulls-out-of-buying-worlds-costliest-tower\/","url_meta":{"origin":4885,"position":3},"title":"The Center is back in Hong Kong hands as mainland firm pulls out of buying world\u2019s costliest tower","date":"February 27, 2018","format":false,"excerpt":"\r Two Hong Kong-based tycoons have emerged to replace a mainland Chinese shareholder in the consortium that bought Li Ka-shing\u2019s The Center tower, barely three months after the C.H.M.T Peaceful Development Asia Property group hogged the media spotlight as owners of the world\u2019s priciest office building. Pollyanna Chu, Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-how-10-buyers-went-around-their-banks-and-ended-up-owning-the-worlds-costliest-tower\/","url_meta":{"origin":4885,"position":4},"title":"Here\u2019s how 10 buyers went around their banks and ended up owning the world\u2019s costliest tower","date":"May 3, 2018","format":false,"excerpt":"\r A consortium of property investors led by two Hong Kong tycoons yesterday closed their HK$40.2 billion (US$5.15 billion) takeover of Li Ka-shing\u2019s The Center building, in an innovative bit of financial engineering that required them to put up capital equivalent to 20 per cent of their purchase. The C.H.M.T\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-to-open-dubai-hotel-and-branded-residences-in-wasl-tower-by-october-2025\/","url_meta":{"origin":4885,"position":5},"title":"Mandarin Oriental to open Dubai hotel and branded residences in Wasl Tower by October 2025","date":"August 10, 2025","format":false,"excerpt":"\r Mandarin Oriental to open Dubai hotel with branded residences in Wasl Tower\r \r Source : arabianbusiness.com\r Read more...Mandarin Oriental to open Dubai hotel and branded residences in Wasl Tower by October 2025","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/08\/Mandarin-Oriental-Downtown-Dubai-1000x658-1.jpg?fit=1000%2C658&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/4885"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=4885"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/4885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/4886"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=4885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=4885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=4885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}