NEW YORK & MAKATI, Philippines--(BUSINESS WIRE)--Forbes Media and Century Properties Group, Inc., a leading Philippine real estate firm, announced today that they will build the world’s first Forbes-branded Forbes Media Tower® in Makati, Metro Manila, Philippines. A commercial office building, the Forbes Media Tower® is designed to serve the world’s business leaders by providing an environment to conduct business with premium amenities. This initial tower is expected to be part of a network of Forbes Media Towers® around the world.
“We will continue to explore new Forbes Media Tower® opportunities globally and couldn't be more excited to pursue this new and potentially transformative initiative.”
“Century Properties is honored to be working with Forbes Media for this project. Forbes is synonymous with success and business, and this partnership fits perfectly with our distinguished portfolio of local and internationally renowned brand partners,” said Jose E. B. Antonio, President & CEO of Century Properties Group, Inc. “It is also an honor for us that Forbes has recognized the Philippines as one of Asia’s bright spots and showed its confidence by choosing Makati, Metro Manila as the first site of its landmark business tower.”
“We’re very pleased to be collaborating with Century Properties for the first Forbes Media Tower® as we extend our brand into the global real estate development market. Forbes has always been an authoritative resource for the world’s business leaders, and this tower further reinforces our long-standing mission,” said Mike Perlis, President & CEO of Forbes Media. “The Philippines, with its rapidly growing market and strong relations with the US, is the perfect location to launch this effort.”
The Forbes Media Tower® in Makati, Metro Manila will offer approximately 60,000 square meters of premium office space, which will be available for sale and for rent to business owners, entrepreneurs and companies by the first quarter of 2014. In addition to office space, the building will provide meeting and event space with plans for a fine dining restaurant, fitness center and exhibition facilities.
“This is a historic and groundbreaking moment for us. It is just the start of our plan for an expansion into Forbes real estate development projects around the world,” said Miguel Forbes, President Worldwide Development of Forbes Media, who is spearheading this initiative. “We will continue to explore new Forbes Media Tower® opportunities globally and couldn't be more excited to pursue this new and potentially transformative initiative.”
The tower will be located in Century City, a mixed-use development of Century Properties in the central business district of Makati. Makati is comprised of premium residences, office buildings and the Century City Mall. The tower’s location is part of an IT zone, which will allow accredited locators to benefit from incentives from the Philippine Economic Zone Authority (PEZA).
About Forbes Media
Forbes Media LLC is a media startup founded in 1917. The company, which publishes Forbes magazine and forbes.com, is an authoritative source of news and information on business, investing, technology, entrepreneurship, leadership and affluent lifestyles. Forbes.com, a leading business website, reaches 47 million monthly unique visitors, according to Omniture. Forbes magazine, Forbes Asia and Forbes Europe attract a global audience of more than 5 million readers. The Forbes magazine iPad app merges the power of print storytelling with social sharing and the web. The Company also publishes ForbesLife magazine, as well as 29 licensed local editions around the world.
About Century Properties
Century Properties Group Inc. is a forerunner of premium real estate developments in the Philippines. Since it was founded 27 years ago, Century Properties has transformed 744,576 sqm of space into premier residential and office developments in and outside Metro Manila. Its name has become synonymous with quality real estate projects that showcase the best of innovations and world-class design, with a desire to contribute to the transformation of the Philippines into a global destination.