Century Properties Group Inc., a real estate company in Philippines and Mitsubishi Corp, a Japanese conglomerate, broke ground for the Forbes Media Tower, a 35-storey office building that will rise at Century City, Makati, Philippines. The tower is designed to serve the world’s business leaders by providing an environment with premium spaces to conduct business.
“The demand for business space in Makati will always be present and it is an important challenge to create a new town concept in order to accommodate a very crowded old area,” Yoshio Amano, general manager of Mitsubishi’s Manila branch, was quoted in the statement as saying.
The groundbreaking comes five months after CPG subsidiary Century City Development Corp. (CCDC) signed a deal with Mitsubishi to build, lease out and maintain the P4.5-billion Forbes Media Tower through Century City Development II Corp. (CCDCII), a 60-40 joint venture in favor of the Antonio family-led company.
