Offices at The Galleon

Spotting opportunities in real estate can be tricky.

Moreso during a crisis when dips in prices and slowdown in demand could easily sway one to play safe instead. Today for instance, the COVID-19 pandemic has slowed down the operations of most industries, including real estate, which has seen a more subdued demand, slower take-up and price corrections compared to last year.

Some investors, however, are still choosing to bet big on real estate and they may be right to do so. If the projections are accurate, some segments in Philippine real estate, such as the residential condominium market, may already see some green shoots of recovery as early as next year.

Colliers International Philippines said in its latest report on the residential sector that despite the projected price drop this year, it expects prices to slightly recover by 2.1 percent annually from 2021 to 2022. Similarly, rental rates of condominiums in Metro Manila are seen to pick up pace by as much as 2.5 percent starting next year.

Lower mortgage rates, attractive packages and the resumption of most businesses are likely to enable the recovery of the residential segment—on top of the fact that property developers have been upping the ante, creating more innovations and providing an even more compelling, attractive proposition for its homebuyers and investors.

Exquisite finishes and upscale amenities are a standard here at Residences at The Galleon.

Quintessential choice

Seizing potential opportunities amid this crisis would thus require one to be more cautious, prudent and discerning. One should keep in mind that the time-tested wisdom behind a great property investment continues to hold true even today—that is, location, quality, value proposition and the track record of the developer.

Seasoned developer Ortigas Land presents such a quintessential choice for property investment, which impeccably weaves together all the essential features that the modern urban dweller will need and appreciate in a post-pandemic era.

Rising along ADB Avenue, at the heart of a thriving Ortigas central business district, is The Galleon, a two-tower, mixed used complex that has long anticipated the needs of a market that thrives on convenience, accessibility, wellness and modern technology.

As the only mixed-use development in the Ortigas CBD, The Galleon is uniquely poised to become the archetype community that presents unmatched convenience afforded by a strategic location, the leverage of being part of a mixed-use project, smart innovations incorporate in the project, and the luxury of exquisite finishes and upscale amenities as a necessity—and not a mere luxury. Here, one can find premium grade office spaces, upscale residences for the highly discerning well-heeled market, and a two-level retail podium that will serve as the future residents’ hub in Ortigas Center.

Well-appointed units await residents at The Galleon.

Key to a premium lifestyle

Given its solid track record spanning close to nine decades, Ortigas Land will pull out all stops to create and offer opulence, convenience, privacy and exclusivity for its future residents.

The 51-story Residences at The Galleon, with its 509 well-appointed units of varying cuts and sizes, ensures that you will enjoy proximity to every imaginable need and destination, owing to the fact that it will rise within the most centrally located and most accessible CBD. One can never be too far from commercial establishments; medical, educational and religious institutions; fitness and wellness centers; massive mall complexes; hotels; and even other business districts—moreso once the big ticket infrastructure projects such as the BGC-Ortigas Center Link Road and the proposed Metro Manila Subway are completed.

This is crucial as the pandemic and the quarantine have shown how one’s proximity to essential shops and services can provide a crucial lifeline for the residents.

Live in style, too, as Residences at The Galleon integrates luxurious amenities designed to elevate your daily urban lifestyle—from its mini-theater, game room, swimming pool, gym, sauna room, to the lush open spaces that will offer you that much needed “green breathing spaces” without having to leave the metro. Well-thought-out features and innovative designs—including its modern, mindful architecture, landscaped, pedestrian-friendly sidewalks, and its light, airy lobby—will carve for you a healthy, relaxing sanctuary right in the middle of the city.

There are opportunities for passive income as well since Residences at The Galleon offers an attractive location for those who seek to lease out a residence that is just a few steps or a short ride away from their offices and headquarters such as the Asian Development Bank (ADB). And given the promising value proposition of The Galleon, it will be much easier for you to clinch that leasing deal.

There is no doubt that The Galleon will truly be the archetype mixed-use community that will thrive in the post-pandemic era. Once its residential component is completed by 2028, residents can look forward to a premium lifestyle in what will be one of the metro’s most coveted addresses in the future.

Located in the center of Metro Manila, Ortigas Center is a location that’s ripe for property investment. The sprawling area includes quality amenities – from luxury malls to sports facilities – major educational institutions and new developments that house the offices of top local and international corporations.

If you’re looking to get in on the action and invest in a commercial property in the district, The Galleon should be at the top of your list. Construction on the high-rise mixed-use development began in 2019 and is slated for a 2025 completion. Besides modern and functional office units, the luxurious space will also house retail and residential offerings.

Read on to find out why you should invest in The Galleon.

A central and convenient location
The Galleon is situated in one of the country’s more established business districts, Ortigas Center, which stretches to Mandaluyong and Pasig City. Linked to a wide network of existing freeways – including EDSA – that lead to major parts of the city such as BGC, Makati CBD and the airport, it’ll be a breeze getting to many other destinations in Metro Manila and beyond. Retail attractions such as Robinsons Galleria, SM Megamall and The Podium are also within easy reach, as are various top hotels, educational institutions and sport complexes.

Exciting new infrastructure
Two upcoming infrastructure projects are set to make Ortigas Center even more connected with the rest of the city. The upcoming Santa Monica-Lawton Bridge, which is set to be completed imminently, will offer a direct link between Ortigas Center and BGC, lessening the travel time from one hour to just 12 minutes. There are also two planned subway stations in the works – Ortigas North and Ortigas South – with a target completion year of 2025, which coincides with The Galleon’s completion and handover dates.

Gorgeous and considered architecture
Set across a lot area of 6,996 sqm, The Galleon’s high-rise office tower is a Grade-A traditional office that will sit on top of a large retail podium. Built to resemble a ship, its elegant and striking structure stands out amid the rest of the Metro Manila cityscape. The office tower will feature spacious suites with floor-to-ceiling glass windows, sleekly designed public spaces, high ceilings and beautiful landscaped communal gardens throughout.

An eye on sustainability and energy efficiency
Other than its attractive aesthetics, The Galleon is an eco-friendly and sustainable development that was built with energy efficiency in mind. The complex is compliant with the Green Building Code and is also pursuing a LEED Silver Accreditation. All office units contain double-glazed windows in order to reduce air-conditioning use and energy consumption and energy-efficient LED lights are employed throughout. Furthermore, the building is equipped with efficient water fixtures for reduced water consumption. Rain water will be collected to irrigate the landscaped gardens, thereby conserving fresh water.

High potential for growth
Upon completion, The Galleon will be the only mixed-use development in the Ortigas Central Business District, making it a unique investment with huge growth upside. Rental rates in the region are steadily increasing, making lease rates extremely attractive, and The Galleon offers a range of unit sizes (spanning 75 sqm to 195 sqm) to suit your needs. Coupled with its central location and exciting upcoming infrastructure, there’s no reason not to set your sights on investing in The Galleon and claiming a prized piece of Ortigas Center for yourself.

To find out more about investing in The Galleon, please visit the website here.

This article is published in partnership with Ortigas Land.

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Thankfully, there are some things that remain certain, even in the most difficult times. In particular, our basic need for shelter has become more pressing, as our homes nowadays serve as our sanctuary against the spread of the virus. The accessibility of essentials and work places has also been highlighted by our current situation, with transportation being affected by the pandemic as well.

If you’re looking to invest during these times, it might be a wise idea to consider real estate. People would always need homes to live in, offices to work in, and shops to buy essentials from, whatever the situation is.

One project, in particular, serves all these needs in the heart of a bustling business district. The Galleon, a premier development in Ortigas Center, might be your best investment yet, even in these uncertain times. Read on to find out more about this latest offering from Ortigas Land.

What the Numbers Say

Even before the pandemic, the Ortigas central business district has been promising a good yield for its investors.

Since 2001, the area has consistently increased in terms of land value, rivaling only Makati CBD and Fort Bonifacio. Compared to other business districts, however, Ortigas Center shows a larger room for growth as its home, Pasig City, continues its development as a bustling urban center of Metro Manila.

In terms of residential spaces, Ortigas Center has one of the lowest vacancy rates in Metro Manila. According to a 2019 report by Colliers, the area boasts of a 4.5 percent vacancy rate and 6 percent appreciation in prices among existing residential units.

With the pandemic upon us, Ortigas Center remains to be a haven for investors. This is because even before the pandemic, the area is already being developed to accommodate integrated communities.

The Benefits of Integrated Communities

The demand for homes that have easy access to everything has never been greater than today. Thankfully, some developers had the foresight to design spaces which offer residential, office and commercial spaces in just one estate.

Ortigas Land is one such developer that did this with its up and coming project. Consisting of two tower structures, The Galleon is a mixed-use development that caters to our basic needs and more.

The first tower offers 418 office units and 53 retail units. It is the ideal setting for premier office firms in the metro, offering majestic views of Ortigas Center and its nearby vicinities. The tower is certified Grade A­-LEED, assuring its users of a sustainable and eco-friendly place to work in.

The second tower, meanwhile, makes up the residential sector of the project. It is designed to house 509 residential units, consisting of one-bedroom, two-bedroom and penthouse cuts. Each floor will only have 12 units, limiting the population density and thus increasing the security of its residents.

In addition, every residential unit is equipped with contactless control of lights, electricity, temperature and other conditions inside the home. The exclusivity and high tech features of Residences at The Galleon are particularly appealing nowadays, as we live in the era of the new normal.

These offerings make The Galleon an ideal model of an integrated community. You basically have everything within your reach, with your work space and residential space brought closer together. With the addition of retail units in the area, you know that you’re also just a few steps away from the supermarket or shop whenever you need to purchase essentials. By living in a community such as this, you know that you’re getting your money’s worth.

Promising Prospects

If you’re thinking of renting out your office or residential unit at The Galleon, there are numerous prospective clients that you can cater to in the area.

In particular, the Asian Development Bank (ADB) is nearby. The staff of this multilateral agency may be a promising market to The Galleon investors, as its proximity to their office would definitely be an enticing factor. In addition, other large offices are also situated in the area, which include Maersk, BDO Corporate Center, JG Summit Holdings Inc., and San Miguel Corp. The presence of numerous corporations in the area offers a lot of promising prospects for those hoping to lease out their spaces.

To accommodate this upscale clientele, The Galleon has been designed to feature luxurious amenities. Future residents of The Galleon will have access to a mini theater room, game room, swimming pool, sauna and gym for their exclusive use. More significantly, green open spaces abound in the area, offering both residents and office employees a break once in a while from the urban setting.

Coupled with the building’s exquisite finishes and generous spaces, you know that you’re going to be offering the best to your prospective clients with a unit at The Galleon.

Secure a Bright Future at the Galleon

Whether you’re looking to live or lease out spaces, The Galleon by Ortigas Land is worth considering as your next investment. Even if we live in uncertain times nowadays, you can be sure that this development is well-designed for the future, even if the future is the new normal.

While nothing is guaranteed in life, there are just some things that you know will always be needed by people.

Read more: https://business.inquirer.net/305794/a-sure-investment-in-uncertain-times#ixzz6c2asGYDr
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Nearing nine decades in the real estate scene, Ortigas & Co., plans to scale new heights in an aggressive, ambitious expansion plan. And with a massive redevelopment plan underway, Ortigas has also secured and acquired the services of topnotch local and foreign firms to help ensure the sustainability, liveability, quality and value of its developments.

While Ortigas & Co is going full throttle in creating landmark developments in Metro Manila to provide Filipinos better communities with a world-class feel, it has also employed the latest technologies in creating these masterpieces while adhering to a strict building guideline across all developments.

This seasoned developer has long placed its faith on local architectural firms as it continues to acquire services from reliable local construction companies. But in keeping up with the times, Ortigas & Co. has also acquired the services of foreign partners (for design and architecture, among others), who can lend their expertise regarding the most innovative and latest techniques available.

Top design firms

Ortigas & Co. turned to premier design firms such as RTKL, which has consistently ranked among the world’s top design firms. As proof of its renowned expertise, Building Design in 2011 ranked RTKL’s retail sector first in the world; its planning services, third; and its urban design, fifth.

For 70 years, RTKL has created one of the most memorable and successful environments for developers, retailers, investors, institutions and public entities. Its work has been a cut above the rest with numerous accolades received across multiple disciplines and sectors. Included in its portfolio are the Dubia Creek Harbour, The Pearl in Doha, Qatar and LA Live in Los Angeles, California.

Now, RTKL will serve as the consultant arm for the masterplan of Capitol Commons and also of Ortigas East.

The company will roll out a P50-billion masterplan to redevelop “Ortigas East,” which is formerly known as Frontera Verde along C5. This estate is launched with an initial offering of the first office-for-sale building, The Glaston Tower.

The Glaston Tower is poised to become Metro Manila’s prime business address. The 34-storey building plans to infuse more life into the office space market with its unique form and functionality. This building is also a recipient of Bronze Stevie Awards for innovation in business-to-business products under the New Product Category.

Capitol Commons estate in Pasig, on the other hand, will continue to undergo development with a P26-billion fund to bring it to a new level of growth and profitability.

Estancia, Capitol Common’s retail component, opened its doors to retail markets with 15,000 sqm of prime offices on its upper floors. But it was the three luxurious residential towers in Capitol Commons that takes the cake for future residents with a taste for the good life. The Royalton, The Imperium and Maven will offer a range of experiences for families, millennials and guests.

The Imperium at Capitol Common even bagged the Best Luxury Condo Architectural Design during the 2018 Philippines Property Awards. Highly Commended citations were bestowed for Maven, The Imperium and Capitol Commons for mixed use development of the year.

Structural integrity

The sound structural integrity of every building of Ortigas & Co resonates with its desire to create a building that will last from one generation to the next. Magnusson Klemencic (MKA) is the chosen structural and civil consulting engineers by Ortigas & Co. The firm carries a long history of enhanced expertise in seismic, wind, vibration, blast-engineering and site strategies for low-impct design, site infrastructure planning, strategic water planning and excavation shoring.

Magnusson Klemenic has 99 years of building experience in creating safe, highly functional, innovative designs that withstand the test of time. With projects in over 54 countries, MKA has consistently created safe, economical and state of the art design for buildings of all sizes. Among its most notable works are Chase Center in San Francisco, Vista Tower in Chicago and China’s Hunan Road Suning.

Not to be outdone is the 16-ha Greenhills Shopping Center. Being the crown jewel of the entire Greenhills complex, it will also house the first luxury residential tower—The Viridian in Greenhills. It is now being currently turned over to its buyers. Conor, another residential tower in Greenhills estate will soon rise, was launched early this year.

Latest masterpiece

The Galleon is the newest offering located in the heart of Ortigas Center. It is a two-tower, mixed use development complete with a ultra-modern design. A roster of highly renowned experts is helping create this latest gem in Ortigas Center. Ortigas & Co. tapped Architecture International Ltd. (San Francisco) as its masterplanning and concept architect. Among the more well known works of this US-based firm include the Lotte Tower in South Korea; Verona Office Towers in Italy, and Xi’an Hi-tech Business Center in China.

The architect of record is GF and Partners Architects, while for interior design, Ortigas & CO. commissioned the services of andAssociates. It also tapped world class structural and civil engineering firm Magnusson Klemencic Associates (MKA) to create a modern, functional office space with a view of lush landscapes in the communal gardens.

Redefining skyline

There’s no stopping Ortigas & Co when it comes to innovating the Metro Manila skyline.

Soon, The Empress will be added to its roster of master-planned developments in Capitol Commons.

The Empress, a residential building that showcases fine living, exudes femininity and strength. Three things that were top of mind when The Empress was designed: health, balance and well-being.

A balance of yin and yang to complement the lifestyle of its residents. The Yin will comprise the quiet places such as garden, pamper room and reading room. The Yang will be embodied in active zones like pool, gym, function halls and dance halls.

With an unparalled land bank and a long list of experience in building townships, Ortigas & Co. has more to offer in developing choice residential communities, coveted commercial areas and prime business spaces. The revitalized property giant plans to give and build more for the Filipinos.

Read from news site here.

Ortigas & Company is expanding its office portfolio with the launch of the first phase of The Galleon which is expected to generate P14 billion in sales.

The project is a mixed-use, two-tower development which will soon rise in the heart of Ortigas Center and offer office, retail, and residential spaces.

The first tower to be introduced will be the office building which will provide spaces fit for the needs of businesses — whether multi-national companies, conglomerates, or professional firms.

“We are excited to introduce The Galleon to the market, especially as this is a premier development in the Ortigas central business district,” said Ortigas & Company President Jaime E. Ysmael.

He noted that, “as the demand for high-quality office spaces continues to rise, we are confident that this property will be able to offer something new to investors who place apremium on convenience, accessibility, sustainability, and the prestige to claim their own piece of Ortigas Center.”

Offices at The Galleon will consist of 31 office levels with food and retail establishments on the first two levels of the building. There will also be five levels of basement parking to accommodate office tenants and retail patrons.

Unit sizes for office spaces start at 75 square meters to 767 square meters, with prices ranging from P20.9 million to P184.3 million. It has a net saleable area of 47,000 square meters priced from P250,000 to P266,000 per square meter.

Set to rise along ADB Avenue and right across the Asian Development Bank Headquarters, The Galleon offers convenience, and accessibility given its location. Various food, retail, and entertainment establishments surround the property.

“The Galleon is the first development this year that we’re introducing as we celebrate our 88thAnniversary. As we anchor our premier development in Ortigas Center, we aim to strengthen our position as a developer that builds great places that complement and enhance the lives of people,” said Ysmael.

Read from news site here. 

Property developer Ortigas and Co. on Wednesday said it is spending some P11 billion to develop The Galleon, a mixed-use, two-tower property that will be built near the Asian Development Bank in Ortigas Center.

Company president and CEO Jaime E. Ysmael said the company will first launch the sale of office spaces, which he said will be a premium space and not for the business process outsourcing sector. The company is expecting P14 billion in sales from the project, which it is selling at an average price of P266,000 per square meter.

The first tower to be introduced will be the office building, but the entire development will also have retail and residential spaces.

“As the demand for high-quality office spaces continues to rise, we are confident that this property will be able to offer something new to investors who place a premium on convenience, accessibility, sustainability and the prestige to claim their own piece of Ortigas Center,” Ysmael said.

There will be about 47,000 square meters in net saleable area and will be completed by 2025.

Offices at The Galleon will consist of 31 office levels with food and retail establishments on the first two levels of the building. There will also be five levels of basement parking to accommodate office tenants and retail patrons. Unit sizes for office spaces start at 75 square meters to 767 square meters, with prices ranging from P20.9 million to P184.3 million.

“The Galleon is the first development this year that we’re introducing as we celebrate our 88^thAnniversary. As we anchor our premier development in Ortigas Center, we aim to strengthen our position as a developer that builds great places that complement and enhance the lives of people,” Ysmael said. 

Other office portfolio of the company, which comprises of The Glaston Tower and Silver City in Ortigas East, the Ortigas Building and the IBP Tower in Ortigas Center and the Offices at Estancia in Capitol Commons.

Read from news site here.

Property developer Ortigas & Co. has allotted P12 billion to capital expenditures this year to finance expansion initiatives.

“Our capex for the year is about P12 billion for all of our requirements for the year ... Last year was only about P9 billion,” Ortigas & Co. president and CEO Jaime Ysmael told reporters at a news briefing in Pasig City on Wednesday.

“That would all be funded by internally generated funds and some borrowings,” Ysmael noted.

Among the major projects to be launched this year is the P11-billion mixed-used “The Galleon” in Ortigas Center along ADB Avenue, offering office, retail, and residential spaces

The project will be launched on July 21, 2019 and is targeted to be finished by fourth quarter of 2025.

“As the demand for high-quality office spaces continues to rise, we are confident that this property will be able to offer something new to investors who place a premium on convenience, accessibility, sustainability, and the prestige to claim their own piece of Ortigas Center,” Ysmael said.

In the next five years, Ortigas & Co. is looking at a capital expenditure program of around P12 billion to P15 billion.

“We see P12-P15 billion in capex over the next five years as we pursue our expansion plans,” Ysmael said.

Read from news site here.