lspi insider q3 2015

INSIDER

In this IssueForeword Arcadis launches new single brandNews HeadlinesQuantity SurveyingEnvironmental Sustainability Development ManagementPeople and EventsConstruction Market TrendsConstruction Price Trends

INSIDERLSPI

Issue No. 14September 2015

Langdon & Seah is now Arcadis in all locations across Asia except Malaysia and Brunei.

LSPI INSIDER is published by Langdon & Seah Philippines, Inc. (LSPI).

Contact information:4F King’s Court 1 Building,2129 Pasong Tamo, Makati City 1231T: (63-2) 811 2971E: [email protected]: www.langdonseah.com

FOREWORD

(21 September 2015) Arcadis, the leading Design & Consultancy firm for natural and built assets, has unveiled a new, refreshed brand identity and will now go to market globally under one brand.

Neil McArthur, Chief Executive Officer, Arcadis said: “Our clients tell us that the challenges they face call for their business partners to adapt and innovate, to bring their best ideas and expertise from around the world. Over the past two years we have invested heavily in our business to meet these client needs. We have expanded our global account management team and positioned experts to lead the development of core value propositions that are delivered across the world. We have aligned our global and regional operating models thereby facilitating innovation and easing knowledge transfer, while enabling sharing of best practices and the use of Global Design. We are already seeing this approach bear fruit through applying our global capabilities to win work on mega projects such as the Kingdom Tower in Saudi Arabia and the protection of New York following Hurricane Sandy.

Building on the rich heritage of the excellent firms that have joined Arcadis and our leading Design & Consultancy positioning, the refreshed brand reflects Arcadis` ability to seamlessly draw on our global capabilities to provide exceptional and sustainable outcomes across the whole lifecycle of natural and built assets. Coming together under the single new brand is also an important step in bringing our people together to realize our passion of improving the quality of life and being recognized as the best.

The new Arcadis logo brings a modern update to the Arcadis identity for the first time since the late 1990s. The boldness of the colors orange and black are designed to stand out, with the descriptor `Design & Consultancy for natural and built assets` clearly defining capabilities Arcadis brings and the client environments in which Arcadis operates. The modernized icon of the fire salamander represents the sustainability and balance that Arcadis seeks to achieve through its work, with the orange color linking to Arcadis` Dutch heritage.”

Arcadis launches new single brand, signaling strengthened global positioning in response to changing client needs

The new brand will be adopted across the 70 countries in which Arcadis operates and will see legacy brands being phased out, including Langdon & Seah, Hyder Consulting, ARCADISLogos and EC Harris. Callison and RTKL, Arcadis` architectural brands, are also merging to create CallisonRTKL.

For more information, visit Arcadis` new website www.arcadis.com/brand.

The announcement follows two years of investment in joining up its 28,000 people in a single operating model which enables Arcadis to bring its very best knowledge and technical expertise to clients wherever they need help.

NEWS HEADLINES

Singapore Airlines Unveils the New SilverKris Airport Lounge in Manila at the Terminal 3

Singapore Airlines has unveiled its new-concept SilverKris Lounge in Manila at the Ninoy Aquino International Airport Terminal 3. Thoughtfully designed and modelled after elements of a home, the new ‘home away from home’ concept SilverKris Lounge is part of Singapore Airlines’ ongoing program to upgrade all its airport lounges around the world.

Designed by renowned interior design firm ONG&ONG following extensive customer research, the new SilverKris Lounge features tailored personal spaces that offer a sense of ‘being home’, specially curated art pieces as well as a culinary spread that provide a taste of both Singapore and the Philippines.

Travellers can enjoy flexible and dedicated spaces as the 450-square meter lounge offers a total of 117 comfortable seats. Travellers can also make use of personal spaces tailored for different needs, with a gallery, a living room and a dining room for rest and relaxation. The signature SIA armchairs will be a new feature at all refurbished SilverKris Lounges.

Philippine Property Awards 2015 WinnerKandaya Resort Cebu • Design - Best Hotel Interior • Best Hotel Architectural Design

Kandaya Resort, a six-star luxury resort destination nestled on a white sandy beach, amid the northern tropical landscape of the island of Cebu is a flagship venture project of MSY Holdings Corp.

With 22 villas and 18 contemporary styled rooms and suites, KANDAYA provides you an intimate and personalized opportunity to recharge and rejuvenate while enjoying a retreat from the pressure of every day challenges.

Scope of LS services: Pre and Post Contract, Quantity Surveying and Cost Consultancy Services.


DEVELOPMENT MANAGEMENTQUANTITY SURVEYING

Circulo Verde’s fifth residential tower is a development of Ortigas & Company Limited Partnership. Avila offers studios, 1-bedroom and 2-bedroom residential units.

Avila North & South at Circulo Verde

Avila redefines city living with its unique architectural design formed by the North and South towers beinglinked together and a lush sky garden that is sure to be enjoyed by its residents.

Unit layouts are designed to ensure that space is efficiently utilized while featuring the breathtaking panoramic views of the Ortigas skyline and Sierra Madre mountain range.

Located inside the 10-hectare master planned community of Circulo Verde in Calle Industria, Quezon City, Avila is exclusive as well as accessible. Total CFA is 47,000 square meters.

BGC Corporate Center Two


Once built it will provide a gross leasable area of 28,000 square meters. The development will also be PEZA-registered, making it more attractive to BPO locators. The building will also have amenity retail at the Ground Floor, servicing the needs of the employees as well as the neighboring communities.

BGC Corporate Center Two is expected to be ready for tenant fit-out by January 2017.

BGC Corporate Center Two, a development of Fort Bonifacio Development Corporation located acrossBHS Central and the future developments - Shangri-La at The Fort, the Philippine Stock Exchange, The Suites and One Bonifacio High Street. It is intended to capture the increasing demand for office space in Bonifacio Global City.


ENVIRONMENTAL SUSTAINABILITY

SM Three E-Com Center

Scope of LS services: LEED Core & Shell Consultancy services.

The newest landmark from one of the leading property developers, SM Prime Holdings Inc., is THREE E-COM CENTER. Located in the Mall of Asia (MOA) Complex,Pasay City, it is the latest project of the company’s Commercial Properties Group (CPG) which will have a total gross floor area of 70,691 square meters built on 11,943 square meter lot. It has four parking levels and eleven office levels, with ancillary retail at the ground and a podium garden deck level.

SM Three E-com Center has been Precertified at the Gold Level under LEED v2009 for Core and Shell rating system. When completed, the building will have various green features such as: Three E-com is designed to efficiently cater to the daily needs of

its tenants, offering retail units on the ground and a portion of the 5th floor called Three E-com Prism Plaza. The four-level parking is located at the basement, 2nd, 3rd and 4th floors while the offices are located from the 5th to the 15th floors.

South Park Corporate Center

Offering a GLA of 12,000 square meters, the 6-storey South Park Corporate Center in Alabang sits on top of South Park Mall, and is the office facility of a mixed-used community of residential buildings, dining and entertainment centers, and a lush central park.

South Park District, a 6.6 hectare development, is Avida’s first masterplanned, mixed-use community with an expansive, green central park that conveniently integrates the residential, retail and business clusters,creating a vibrant sense of community.

Set to rise south of Manila is the South Park Corporate Center, a 12,000 square meter office facility nestled within the South Park District.

The office tower completes this mixed-use development and provides the much needed office space for both Business Process Outsourcing (BPO) companies and traditional locators expanding in the south. Stacked on top of South Park Mall, employees can enjoy the convenience and variety of its retail, dining and entertainment offerings.

5) Reduced heat island effect by locating parking in doors and use highly-reflective roof coating, 6) Encouraged use of fuel-efficient vehicles and alternative transportation such as bicycles.

1) At least 12% improvement in energy performance by using chilled water system with a high coefficient of performance (COP), energy recovery ventilators (ERVs), efficient lighting fixtures and well-insulated building envelope, 2) Good indoor air quality for the comfort and well-being of occupants, 3) 100% non-potable water for flushing and irrigation, 4) Extensive landscape area at the ground floor and 5th floor with varied native and adapted plants to promote biodiversity,


DEVELOPMENT MANAGEMENT

Kiss and Fly Terminal 3

Ayagold Supermarket - UP Town Center

Kiss and Fly – Terminal 3 Project is a sole high-end retail project of Casual Clothing Specialist Inc., a subsidiary company of SSI Group of Companies headed by Mr. Anton Huang. The project aims to develop the space and introduce SSI Brands within the NAIA Terminal 3 Airport.

Scope of LS services: Project Management; Pre Contract Quantity Surveying and Cost Consultancy Services.

Scope of LS services: Project Management (Construction and Post Construction).

With works starting in 06 April 2015, the first of this retail projects was successfully handed-over to CCSI last 31 August 2015, and is located at Level 3, NAIA Terminal 3. It has a floor area of approximately 4,000 square meters (2,000 square meters allotted for Branded Tenants and 2,000 square meters as Common Area and BOH).

Merkado Supermarket – Ayala UP Town Center, is a joint-venture project between Ayala Land Inc. and Puregold. Spearheaded by Ayagold Retailers Inc. it aims to set-up a supermarket counterpart of Wellworth Department Store in every Ayala Mall development in the Philippines, catering to the category B & C market.

The first of the chain of supermarket projects successfully opened last 31 July 2015 at Ayala UP Town Center in Katipunan Avenue, Diliman, Quezon City with a floor area of approximately 4,000 square meters. The Grand Opening Date was 31 July 2015, and was attended by Puregold’s Lucio Co, Ayala Land’s Jaime Zobel de Ayala, and members of the Ayagold Business Development Team.

PEOPLE AND EVENTS

ARCADIS Global Shapers Generation 2015

Carl Watson, General Counsel of ARCADIS Asia visited Manila Office last 21 July 2015 and conducted a series of training sessions on legal issues with our Management and Senior Staff. Attendees learned reliable legal advice about contract drafting and negotiation; commercial and corporate due diligence and policy review, development compliance audit and adherence (including, anti-bribery & corruption and data protection).

General Counsel of ARCADIS Asia Visits Manila Office

The Global Shapers program, launched in 2012, was developed to capture the energy of our young professionals and boost the power of the new generation within ARCADIS. The program is about learning through working together in an international group, in both a virtual and a face-to-face phase.

For this year a total of 413 applications were submitted. Both quantity and quality of the applications made the job of selecting the final Global Shapers tough. In consultation with regional management and HR, 100 Global Shapers have been selected.

Representing Manila at this year’s Global Shapers event in The Netherlands on Oct. 3 - 7 2015 are Richard Morales, Daryl Calapre and Adelle Elma.

Special mention to Richard for entering the best entry in Asia for the 2015 Global Shapers on line application.

CONSTRUCTION PRICE TRENDS

CERT NO. : 98-01-0103 ISO 9001 : 2008

CONSTRUCTION MARKET TRENDS

In Q2 2015, the total number of building permit approvals was 32,974, this was an increase of 0.7% compared to Q2 2014.

Breakdown of building permits approvals for Q2 2015; • Residential approvals increased 3% to 24,543. • Non-Residential (Commercial & Industrial) approvals increased 11% to 3,956. • Re-development (extensions & enlargement) of existing buildings fell by 22% to 1,298. • Refurbishment of existing Structures fell by 14% to 3,177.

Construction Statistics from Approved Building Permits increased for Q2 2015

Source: Philippine Statistic Authority

Source: LSPI Q2 2015 cost data.

Building Permits Approvals Q2 2014 vs Q 2015

Residential Non-Residential Re-development Refurbishment

LSPI Commentary: The Philippines continues to see strong growth in the construction sector in 2015, underpinned by residential and non-residential construction projects.

lspi insider q3 2015

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