Philam Life Corporate Center [ 20F | ofc | pro ]

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Philam Life Corporate Center [ 20F | ofc | pro ]

Post by Jan on Tue Dec 17, 2013 9:41 pm

Philam Life earmarks P2.1B for modern facility in Cebu


CEBU, Philippines - Philippine American Life and General Insurance Company (Philam Life) is allocating an investment of P2.1 billion to build an “ultra-modern” tower in Cebu City that will soon rise by the end of 2015.

It was Friday last week when officials of Philam Life held the groundbreaking ceremony of the 17-storey building that will serve as the company’s new corporate center.

The new Philam Life corporate center is strategically situated in Cebu Business Park just across the major expansion of Ayala Center Cebu.

Philam Life chief executive officer and president Rex Mendoza said that it is high time for Philam Life to establish presence in the heart of Cebu City’s business district along with other big players in the industry.

“We have to be here,” he told the reporters.

He said that this latest development is part of the company’s ongoing business transformation program which aims to provide better access, convenience, and quality service to its customers through strategically-located offices with the top-of-the-line facilities.

He added that they target to increase its policy holder base in the city with its new corporate center.

Mendoza said that the soon-to rise Philam Life corporate center in Cebu City signifies the company’s commitment to invest in the economic progress of Cebu and the Visayas.

“Despite the calamities that hit the region, we believe that Visayas will not only recover and rebuild; it will also thrive as a main cog that will drive the country’s economy,” he stated.

Mendoza then described the edifice to be built as “iconic” as the country’s premier insurance provider has been known for 65 years.

When completed, the twin tower structure will be a Grade A building and is expected to receive at the minimum the LEED Silver Core and Shell Certification. Such certification rates a structure according to design, construction, operation and maintenance of environment-friendly buildings.

The ground floor and mezzanine levels will be open to commercial and retail shops.

While most of the building will be up for lease, he shared that the rest will be for company use. The new building will also have a provision for a roof deck garden and a function space for tenants.

Philam Life shall adhere to the strict earthquake and typhoon resistance building codes for its new corporate center, thus setting the benchmark in safety standards.

The building is said to be designed to withstand winds of up to 300 kilometers per hour.

Mendoza said that the company takes pride of the new corporate center as it is expected to pave the way for more safe and environment-friendly buildings in the future.

Philam Life currently has its Cebu headquarters along Osmeña Boulevard and will continue operating and serving its policyholders.

“If customers need us to be in two places, we are here for them,” he said.

Mendoza admitted that the company is still deciding whether to offer the old building for lease or for sale soon. To date, Philam Life has 30 company-owned buildings nationwide.


Source: http://www.philstar.com/cebu-business/2013/12/16/1268727/philam-life-earmarks-p2.1b-modern-facility-cebu

Jan
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Re: Philam Life Corporate Center [ 20F | ofc | pro ]

Post by Jan on Tue Dec 17, 2013 9:51 pm

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