Leading VisMin developer Cebu Landmasters Inc. (CLI) and Borromeo Brothers Estate Inc. recently marked the completion of the P1.2-billion 4-Star BERDE-certified commercial tower Latitude Corporate Center.
The building increases CLI’s Gross Leasable Area (GLA) from 14,000 sqm. year-on-year to 29,000 sqm. for this year. An additional 47,000 sqm. of additional office and retail GLA currently under construction is expected to boost CLI’s leasing portfolio in the next few years.
The listed company’s long-term strategy is to build its GLA to 200,000 sqm allowing its office, retail and hospitality portfolio to contribute 10 percent of the company’s growing topline in 3 to 5 years.
The office building standing 24-storeys high has designated spaces for BPO offices (8th-12th floors), Enterprise offices (14th-16th floors), Executive offices (17th-24th floors) and a retail concept (first and second floors). It is strategically located in Cebu Business Park and is among the tallest buildings in the business district.
Latitude Corporate Center embodies a green building design highlighting eco-features such as LED lighting, high-performance building envelope, operable windows for natural ventilation, rainwater collection system, stub-outs for fresh air provision, material recovery facility, plaza with tree sanctuary, live wall at main lobbies, 60 percent glass ratio and 20 percent vegetated green spaces. Its schematic building design follows a unique “stacked building blocks” form to mirror a minimal, elegant and timeless facade.
Latitude is set to attract tenants from both local and multinational companies such as banks, technology service providers, real estate, food and retail industries, especially the IT-BPO companies, according to Leechiu Property Consultants, the building’s leasing agent.
“Our economy is now reopening and we see a future turnover for office spaces especially from the IT-BPO sectors. As we expand our office footprint, we also foresee our industry players slowly transition business operations back to normalcy in the coming months as we anticipate post-pandemic recovery,” said CLI Chairman and CEO Jose Soberano III.
The office tower is set to offer 83 units with 35,000 sqm. of gross floor area and leasable spaces ranging from 51 sqm. up to 2,000 sqm. and 247 parking slots, ideal for small and medium-sized enterprises (SMEs) and large-scale businesses.
Latitude Corporate Center is the first project of BL CBP Ventures Inc., a joint venture between CLI and Borromeo Brothers Estate Inc. The development was awarded early this year with a four-star accreditation under the Building for Ecologically Responsive Design Excellence (BERDE) rating system, a testament to its sustainable design tailor fit to world class standards.
BERDE is a tool to assess and certify the performance of green building projects above and beyond existing national and local building and environmental laws, regulations, and mandatory standards.
Latitude Corporate Center was designed by Philippine leading architectural firm, AIDEA Philippines, Inc., the same firm that helped conceptualize CLI’s premier projects 38 Park Avenue and Abaca Resort Mactan.
CLI recently won a Special Recognition in ESG and Special Recognition in Sustainable Design and Construction during the 2021 PropertyGuru Philippine Property Awards. The award affirms the listed company’s commitment to manage environmental impacts across its developments through resource conservation and design innovation.