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NAI RCL Philippines Opens NAI Global Commercial Real Estate Office

08/23/2019

News from NAI RCL Philippines

 

Contacts:             

Gary Marsh, Marsh Marketing 415.999.3793 or gary@marshmarketing.com

Estela F. Cancio +632.845.3909 or efcancio@rcl@gmail.com; info.rclsolutions@gmail.com

Lindsay Fierro, NAI Global 212.405.2474 or news@naiglobal.com 

 

NAI RCL Philippines Opens NAI Global Commercial Real Estate Office 

 

Makati City, Philippines – August 23, 2019: Fausto Liriano, CEO of NAI RCL Philippines, announced today that he has opened the first NAI Global office in the Philippines to serve the commercial real estate needs of property owners, investors and occupiers throughout the country as well as portions of the Asia-Pacific region. 

Makati is a city in the Philippines’ Metro Manila region and the country’s financial hub. It is known for the skyscrapers and shopping malls of the Makati Central Business District. NAI RCL Philippines also has a branch office in San Juan, La Union, the surfing capital of Northern Philippines.

NAI RCL Philippines is a full-service commercial real estate firm offering a fully integrated suite of services across all types of property sectors.  Its scope of services includes corporate real estate solutions for landlord and occupiers, capital markets and investment sales, high-end residential project sales and marketing, hospitality and lifestyle real estate advisory, development and master planning consultancy, market research, valuation and appraisal services.

It is led by co-founders and principals Fausto Antonio H. Liriano, Chairman and CEO, Francisco Custodio Rojas, VP, New Business Development and Investor Relations, and David Koo Chong, VP, Sales & Marketing.

The firm’s professionals provide agency, investment, and professional consultancy services across core sectors including office, residential, retail, industrial, logistics, institutional, and hospitality and lifestyle real estate properties. NAI RCL Philippines has 26 professionals, a total staff of 44 and has been in business since 2012.

“Membership in NAI Global will allow us to gain a competitive advantage in the global marketplace. We seek to leverage upon the reputation of NAI as a global brand to bring our products to the world marketplace while seeking out new prospects and opportunities in collaboration with the other member offices. Access to training and global market intelligence is a valuable benefit to the membership as well,” said Fausto Liriano.

NAI RCL Philippines’ primary office is located at:

11/F PDCP Bank Centre Building

307 V.A. Rufino Street, Salcedo Village

Makati City 1227, Philippines

For more information, please visit www.nai.rclproperties.net, or call +632.845.3909.


An Overview of the Philippine Economy and Property Markets Outlook

The Philippine economy posted 2018 full-year economic growth of 6.2 percent. Multinational banks, aid agencies, and credit rating firms are forecasting real GDP growth of between 6.0 percent and 6.5 percent in 2019. 

Developers are encouraged to capitalize on the country’s stable macroeconomic environment and to: 

  • Align their projects with the government’s infrastructure push, which we see driving economic growth in the Philippines over the next two to three years; and
  • Strategically acquire land in key areas outside of Manila where economic activities are likely to be fueled by major infrastructure projects.

The office sector outlook remains positive for the rest of 2019. The expected volume of new office spaces that is coming to the market is anticipated to be taken up by strong demand from occupiers in the Business Process Outsourcing (BPO), online gaming, and flexible workspace arenas. Pre-leasing commitments on office buildings still in the pipeline are sending rents in an upward course. Overall, there continues to be a vigorous leasing demand that is keeping investor interest in office developments high.

The residential leasing market in 2019 in the National Capital Region continues to enjoy the spillover effect from the strong demand for office spaces from the BPO and online gaming firms. The high-end segment of the residential sector is enjoying a pre-selling rate of almost 100% and demand for luxury developments is seen to remain strong.

The retail sector is expected to remain positive in 2019 alongside the continued expansion of the economy and sound macroeconomic fundamentals. The robust double-digit growth in sales and higher profit margins of retail giants and real estate companies in the past year is a result of the significant increase in consumer spending power following the implementation last year of the Tax Reform for Acceleration and Inclusion (TRAIN) Act.

The government’s thrust to promote the tourism industry is sustaining the hospitality sector’s robust performance in 2019. An additional 4,500 rooms in hotels and serviced apartments will soon be added to the supply this year.  Foreign hotel operators as well as homegrown hotel developers are courting higher hospitality investments into the country. Infrastructure projects to improve accessibility to tourist destinations as well as rehabilitation of favorite vacation spots are ensuring a positive effect on tourism in 2019. 

 

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

 

08/23/2019 - 08:00

Source

NAI Global

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