Offices at The Galleon

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.