Cebu Exchange investors eye growth, expansion

·3 min read

BUYERS of the Cebu Exchange have begun preparations for their start of operations following Arthaland’s on-time handover of Phase 1 in October 2020.

They are looking forward to taking advantage of Cebu’s continued economic growth and consider Cebu Exchange to be the most sought-after premium business address, as well as an upcoming landmark of the Cebu City skyline.

Cebu Exchange will be the Philippines’ largest multi-certified green office tower with approximately 11 hectares of office gross floor area along with five stories of premier retail along Salinas Drive, Lahug, Cebu City.

For UnionBank, Cebu has continued to evolve into a strategic growth-engine for the entire country.

With digital transformation rapidly happening, the bank wants to ensure it remains at the forefront to service growing business needs – whether digital or physical – to deliver its goal of inclusive prosperity for all Filipinos.

One key element that they found at Cebu Exchange is its capacity to optimally support “phygital” initiatives so that brands and enterprises can effectively execute newer consumer-focused marketing, blending smart “digital” experiences within an interactive “physical” location.

Cebu Exchange’s fiber optic-pathways are designed to provide tenants like UnionBank with uninterrupted, high-speed data connection critical to the seamless operations of their trailblazing ARK digital branch.

“This is why Cebu Exchange will be the home of one of our most-advanced ARK digital branches as well as our Cebu headquarters. Together, these should allow UnionBank to continue delivering best-in-class “phygital” banking services in Cebu,” said Edwin Bautista, UnionBank’s president and chief executive officer (CEO). “The Bank made Cebu a region-in-itself, and not just the hub for the Visayas, so that all Cebu-based UnionBankers can now focus 100 percent on serving and enabling the banking and business needs of the Cebuanos.”

Another tenant, Esquire Financing, also eyed Cebu Exchange’s strategic location and design excellence to become its principal headquarters in Cebu and the Visayas.

“The Cebu Exchange had everything we wanted for our regional hub. Apart from being perfectly situated in the Cebu Central Business District, we were impressed by its sustainable features and future-ready facilities,” said Rajan Uttamchandani, Esquire Financing chairman and CEO.

Encouraged

Moreover, the Cebu-based Tan family was encouraged by their relatives to invest in Arthaland, citing the company’s successful projects in Manila.

Being in the construction industry themselves, they have a deeper appreciation of the company’s vision and mantra for building green, which extends to educating the community and encouraging unit owners and tenants to participate and promote environmental sustainability.

The siblings enrolled their units with Arthaland’s Consolidated Leasing Solutions (CLS), which provides them with a hassle-free solution to maximize their investment. Through CLS, their units will be combined with other units within the same floor and will thereafter be offered for lease to larger companies and multinational companies.

The on-time turnover of Cebu Exchange Phase 1 despite the challenges of the global situation in 2020 reflects Arthaland and its business partner for Cebu Exchange Arch Capital’s commitment to all of its stakeholders and investors. Cebu Exchange is scheduled for completion and handover of Phase 2 in April 2022. (PR)