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Metro Manila Office Property Market Study (FINAL REPORT)
Metro Manila Office Property Market Study (FINAL REPORT) 19 November 2020 Prepared by: Prepared for: Theresa Teodoro DDMP REIT, Inc. Karla Domingo Veronica Cabigao Our Ref: CIP/CONS20-026 19 November 2020 DDMP REIT Inc. 10th Floor, Tower 1 DoubleDragon Plaza DD Meridian Park corner Macapagal Avenue and EDSA Avenue Bay Area, Pasay City Attn: Ms. Hannah Yulo-Luccini Re: Metro Manila Office Property Market Study (the ‘Project’) With reference to your instructions received on July 2020, we have prepared the Metro Manila Office Property Market Update (the “Project”) for your perusal. As we understand, this report will serve as an attachment to the REIT Plan and submission to the Philippine Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). The market report is enclosed herewith. Yours faithfully, For and on behalf of Colliers International Philippines, Inc. ___________________________________________ Theresa Teodoro Director Valuation and Advisory Services 1 Metro Manila Office Property Market Study (FINAL REPORT) TABLE OF CONTENTS 1 INTRODUCTION .......................................................................................................................................... 5 INSTRUCTIONS ........................................................................................................................................ 5 INFORMATION SOURCES ......................................................................................................................... 5 CAVEATS AND ASSUMPTIONS ................................................................................................................. -
Project Implementation Plan
CHAPTER 5 PROJECT IMPLEMENTATION PLAN The Supplementary Survey on North South Commuter Rail Project (Phase II-A) in the Republic of the Philippines FINAL REPORT CHAPTER 5 PROJECT IMPLEMENTATION PLANNING 5.1 Examination of Preliminary Construction Plan The construction of NSCR will require careful planning and organization, given the magnitude of the works, time constraints and the location of the works on busy national and arterial roads within Metropolitan Manila and Bulacan Province. 5.1.1 Temporary Works 1) Temporary Access to Site It is necessary to apply countermeasures flooding during heavy rain season because of the low ground level between Malolos and Caloocan. There is no problem with an access road to the site along the main road in this area. However, it is necessary to consider to construct temporary access to site far from main roads. In swampy areas between Malolos and San Fernando along the PNR Route, it is necessary to construct a temporary steel stage for machinery or materials transportation during construction. It is necessary to install sheet piles to avoid an intrusion of ground water during construction of the substructure. 2) Sufficient Space for the Works There are some narrow ROW sections between Malolos and Caloocan along the PNR Route. During construction of elevated structures, it is necessary to have more than 15m width for access road to secure access of many trucks, truck mixers and other construction equipment transportation to the site. After construction, the temporary access shall be maintained more than 15m width as a service road for maintenance or emergency evacuation. Source: JICA Study Team Figure 5.1.1 Necessary ROW for Elevated Structures 5-1 5.1.2 Viaduct 5.1.2.1 Foundations Viaduct foundations comprise of conventional bored piles and pile caps. -
A Policy Brief on Philippine Roads and Rail Infrastructure
A Policy Brief on Philippine Roads and Rail Infrastructure AUTHOR JOHN D. FORBES is a private business consultant, author, and public speaker. He is Senior Adviser of the Arangkada Philippines Project at the American Chamber of Commerce of the Philippines (AmCham) and chairman of its Legislative Committee. He is also a senior counselor for Vriens and Partners Pte. Ltd. of Singapore. John is the author of Arangkada Philippines 2010: A Business Perspective and two AmCham Roadmaps to More Foreign Investment in the Philippines. The American Enterprise Institute published his monograph Jamaica: Managing Political and Economic Change in a Third World Democracy. He received his education from Georgetown University, Princeton University, and Harvard University and served as an American diplomat for 25 years, beginning in Vietnam and the Philippines. John worked in the Bureau of East Asia and Pacific Affairs, the Bureau of Congressional Affairs, the Policy Planning Staff, the US Congress, and as a Special Assistant to the Undersecretary for Political Affairs. POLICY BRIEF EDITORIAL TEAM: Editor-in-Chief: John D. Forbes Managing Editor: Sarah Kathrina F. Gomez Economic Researcher: Charles John P. Marquez Research Assistant: Lia Angela H. Daus Cover: Christina Maria D. Tuguigui Layout: Mary Grace Dilag-Mojica LIST OF SPONSORS • American Chamber of Commerce of the Philippines, Inc. • Australian-New Zealand Chamber of Commerce of the Philippines • Bankers Association of the Philippines • Canadian Chamber of Commerce of the Philippines • Confederation of Wearable Exporters of the Philippines • European Chamber of Commerce of the Philippines • Foundation for Economic Freedom • Japanese Chamber of Commerce and Industry of the Philippines, Inc. -
3 – Growth Centers
ANNEX 3 GROWTH CENTERS CBD-KNOWLEDGE COMMUNITY DISTRICT CUBAO GROWTH DISTRICT BATASAN-NGC GROWTH CENTER NOVLIHES-LAGRO GROWTH CENTER BALINTAWAK-MUNOZ GROWTH CENTER Annex 3: Growth Centers 1. CBD-KNOWLEDGE COMMUNITY DISTRICT 1.1. Area Coverage and Population The proposed CBD-Knowledge Community District has total area of 1,862 hectares and covers 22 barangays in Districts I, III and IV. It embraces the North, East, South and West triangles, UP Campus including the UP-Ayala Techno Hub, Ateneo de Manila University, Miriam College, Balara Filtration Plant, the vicinity of SM North EDSA and Veteran’s Memorial Medical Center and the residential communities in UP Village, Teacher’s Village, Pinyahan, Krus na Ligas, Malaya and Xavierville areas. 1.2. District Boundary The study area is bounded by the following: North: Area lot deep northside of Nueva Vizcaya St. and Road 3 up to lot deep westside of Mindanao Avenue then northward up to lot deep northside of Road 10 then eastward up to lot deep Westside of Visayas Avenue then northward up to lot deep northside of Central Avenue then eastward towards Commonwealth Avenue extending up to lot deep eastside of Katipunan Avenue. East: Area lot deep eastside of Katipunan Avenue going towards lot deep northside of Mactan St. then eastward towards lot deep eastside of Balintawak St. then southward to QC-Marikina politicalBoundary then westward through periphery of MWSS Balara Homesite up to MWSSAqueduct then southward up to lot deepEastside of Katipunan Avenue then Southward towards Mangyan St. and Eastward along southern periphery of LaVista Subdivision up to QC-Marikina politicalBoundary then southward up to Aurora Boulevard. -
Follow-Up Survey on Roadmap for Transport Infrastructure Development for Greater Capital Region (Gcr)
REPUBLIC OF THE PHILIPPINES NATIONAL ECONOMIC DEVELOPMENT AUTHORITY (NEDA) FOLLOW-UP SURVEY ON ROADMAP FOR TRANSPORT INFRASTRUCTURE DEVELOPMENT FOR GREATER CAPITAL REGION (GCR) FINAL REPORT SUMMARY August 2019 JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) ALMEC Corporation PP JR 19-003 REPUBLIC OF THE PHILIPPINES NATIONAL ECONOMIC DEVELOPMENT AUTHORITY (NEDA) FOLLOW-UP SURVEY ON ROADMAP FOR TRANSPORT INFRASTRUCTURE DEVELOPMENT FOR GREATER CAPITAL REGION (GCR) FINAL REPORT SUMMARY August 2019 JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) ALMEC Corporation TABLE OF CONTENTS 1 INTRODUCTION ....................................................................................................... 1 2 ASPIRATIONS .......................................................................................................... 1 3 CURRENT AND FUTURE CONDITIONS .................................................................. 2 4 DEVELOPMENT DIRECTIONS ................................................................................ 6 5 ROADS ................................................................................................................... 11 6 PUBLIC TRANSPORTATION ................................................................................. 17 7 GATEWAY PORTS AND LOGISTICS .................................................................... 22 8 TRANSIT ORIENTED DEVELOPMENTS ............................................................... 24 9 IMPLEMENTATION ............................................................................................... -
MRT 7 Project Site Visit
DEPARTMENT OF TRANSPORTATION and SMC MASS RAIL TRANSIT 7, INC. MRT 7 PROJECT THE PROJECT CONCESSION CA CONCESSION AGREEMENT Signed: June 18, 2008 Confirmed and Approved by NEDA Board: July 9, 2009 Effectivity of CA: February 19, 2016 Milestones Conceptualized: 2001 NEDA Board re-approval of Cost: 21 November 2013 Signing of Implementation Guidelines (IG): 21July 2014 Effectivity of CA: 19 February 2016 Start of Construction: August 2016 Concession Period: 25 Years Project Cost USD 1,540,004,020.86 COMPONENTS OF THE PROJECT • 22.6 kms rail system from North Avenue EDSA to San Jose del Monte Bulacan • Joint Station with LRT Line 1, MRT Line 3 and Subway along North EDSA • 108 cars or 36 trainsets (3-car configuration) • Can operate at 6-car configuration RAIL • 3rd rail power system METRO RAIL TRANSIT SYSTEM (MRTS) • 6-lane Highway that will connect the Intermodal Transportation Terminal (ITT) in San Jose Del Monte, Bulacan to Bocaue/Balagtas Interchange North Luzon Expressway (NLEX). HIGHWAY MRT 7 – ROAD ACCESS • Located adjacent to Depot which can accommodate 60 buses at any INTERMODAL given time, complete with facilities, i.e., passenger waiting areas, TRANSPORTATION lounges, ticket booths, etc. TERMINAL • With facilities standard to an intermodal terminal INTERMODAL TRANSPORTATION TERMINAL (ITT) MRT7 ALIGNMENT STATION TO STATION DISTANCE (m) North Avenue - QMC 2,195 QMC - University Avenue 836 University Avenue - Tandang Sora 1,664 Tandang Sora - Don Antonio 2,356 Don Antonio – Batasan 973 Batasan - Manggahan 1391 Manggahan - Doña Carmen 1,470 Doña Carmen - Regalado 1,145 Regalado - Mindanao 3,430 Mindanao - Quirino 787 Quirino - Sacred Heart 1,855 Sacred Heart - Tala 2,025 Tala - San Jose Del Monte 2,543 TOTAL 22,623 PROJECT STATUS Particulars Physical Remarks/Status Accomplishment I. -
Planes, Trains and Automobiles
Colliers Radar Philippines | Infrastructure 27 October 2016 Planes, Trains and Automobiles Impact of the Government’s Infrastructure Policy on Real Estate To improve the quality of infrastructure in the country, President Duterte ordered the streamlining of the approval process for infrastructure projects, particularly those under the public-private partnership (PPP) scheme; and ramping up of infrastructure spending equivalent to about 5% to 6% of the country’s gross domestic product (GDP). The implementation of infrastructure projects nationwide should provide access to properties that could be redeveloped into mixed commercial, residential, Joey Roi Bondoc hotel/leisure and industrial estates. The infrastructure Research Manager | Philippines plans of the current administration will dictate the direction of real estate developments beyond the term of [email protected] President Duterte. Consequently, we recommend that developers take advantage of the increased The daily cost of traffic congestion in the infrastructure spending by: Philippines is estimated at PHP2.4 billion . Strategic landbanking in areas outside of Metro and could go up to PHP6 billion a day by Manila as spending on infrastructure will enable decentralization from the urban core to the 2030 if infrastructure deficiency remains provinces around Metro Manila. unresolved. Expansion of mixed-use developments outside Metro Manila as these offer better value proposition than standalone developments. How the Philippines compares . Project differentiation as the market becomes Overall Infrastructure increasingly competitive and consumers are Infrastructure Country Spending as % of becoming more discerning. Ranking, 2015 GDP (2011-2014) (out of 140 countries) China 9.5 51 . Development of facilities for meetings, Vietnam 8 99 incentives, conferences, and events (MICE) and leisure in provincial hubs given the upgrading of India 7.5 74 international airports in Visayas and Mindanao. -
51117-003: EDSA Greenways Project
Initial Environmental Examination August 2020 PHI: EDSA Greenways Project Prepared by Ove Arup and Partners Hong Kong Ltd for the Department of Transportation and the Asian Development Bank. This draft initial environmental examination report is a document of the borrower. The views expressed herein do not necessarily represent those of ADB's Board of Directors, Management, or staff and may be preliminary in nature. Your attention is directed to the “terms of use” section of this website. In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area. | This report takes into account the particular instructions and requirements of our client. It is not intended for and should not be relied upon by any third party and no responsibility is undertaken to any third party. Job number 263707 Ove Arup & Partners Hong Kong Ltd Level 5 Festival Walk 80 Tat Chee Avenue Kowloon Tong Kowloon Hong Kong www.arup.com Document Verification (For Internal Use Only) Job title Job number 263707 Document title File reference 03-04 Document ref Revision Date Filename 263707_REP_0006_WP6_Safeguard Doc for P2 IEE A 29 Apr Descriptio First Issue 2019 n Prepared by Checked by Approved by Name Various Corey Wong Timothy Suen Signature A XX Filename 263707_REP_0006A_WP6_Safeguard Doc for P2 IEE Descriptio Second Issue n Prepared by -
EIS) for METRO MANILA SUBWAY PROJECT (MMSP) (Phase 1
ENVIRONMENTAL IMPACT STATEMENT (EIS) FOR METRO MANILA SUBWAY PROJECT (MMSP) (Phase 1) VOLUME I MAIN REPORT SEPTEMBER 2017 DEPARTMENT OF TRANSPORTATION (DOTr) Metro Manila Subway Project i of xxvi TABLE OF CONTENTS LIST OF FIGURES ...................................................................................................................................... v LIST OF APPENDICES ............................................................................................................................. vii LIST OF ABBREVIATIONS ...................................................................................................................... viii PROJECT FACT SHEET ............................................................................................................................. xi EXECUTIVE SUMMARY .......................................................................................................................... xii 1. PROJECT DESCRIPTION .......................................................................................................... 1 1.1. PROJECT LOCATION AND AREA ............................................................................................. 1 1.1.1. Alignment .............................................................................................................................. 1 1.1.2. Description of Impact Areas .................................................................................................. 3 1.2. PROJECT RATIONALE / BACKGROUND OF THE PROJECT .................................................... -
Annual Report 2019
2019 ANNUAL REPORT 01 Introduction 02 Company Profile 03 Board of Directors 04 LRTA Key Officials 05 Messages 06 Administrator’s Report Key Policy Issuances Operational Review Financial Review Service Performance Major Programs and Initiatives Implemented 2019 Performance Scorecard Other Important Milestones CONTENT 07 Corporate Social Responsibility 08 Good Governance 09 2019 Audited Financial Report Cover photo by jjopolicar19 INTRODUCTION he Light Rail Transit Authority (LRTA) is a wholly-owned government corporation Tmandated to be primarily responsible for the construction, operation, maintenance and/or lease of light rail transit systems in the Philippines by virtue of Executive Order (EO) No. 603, dated July 12, 1980, as amended. The Authority owns two (2) of the light rail transit systems in the country, which are both located in Metro Manila, namely, the LRT Line 1 and Line 2. Full operation of the Line 1 System was in May 1985. It was further extended towards the north in October 2010 with the construction of two (2) additional stations, Balintawak and Roosevelt, forming part of the twenty (20) stations of the Line. Meanwhile, Line 2 System which became operational in April 2004, has eleven (11) stations that traverse the Santolan, Pasig City to Recto, Manila corridor. Currently, the LRT Line 1 System is operated and maintained by the private concessionaire, Light Rail Manila Corporation (LRMC). Its ticketing system is now also being maintained by the private concessionaire, AF Payments, Inc. (AFPI) through a Public-Private Partnership (PPP) scheme where LRTA acts as the Public Transport Operator (PTO) under a Service Level Agreement (SLA) with AFPI. -
MMUTIS Appendices I-1-48 Project Profile
MMUTIS Appendices Project Profile Category Project Location: NCR R-10/C-3 Expressway Expressway XC51XC51XC51 XC51XC51XC51 Description: XC51XC51XC51 R-10/C-3 Expressway will connect the North Harbor and the M.M. Skyway at A. Bonifacio & C-3 intersection through R-10 and C-3 corridor. It is expected to form an urban circular XR10C3XR10C3 XC52XC52XC52 XC52XC52XC52 expressway network and to serve heavy vehicles to and XR7XR7 XC52XC52XC52 XMMS3XMMS3XMMS3 XMMS3XMMS3XMMS3 from the Port area. XMMS3XMMS3XMMS3 XR4XR4 XMMS2XMMS2XMMS2 XMMS1XMMS1 XC53XC53XC53 XC53XC53XC53 C1C1C1 C1C1C1 MMM MMM Code XR10C3 R-10/C-3 Item Expressway 7.5 km Agency DPWH BOT-PMO Standard Expressway (6 lanes) Project Type of Work New Type Status DPWH Plan Classification National Road Existing ROW (m) 35.0 Road Pavement Concrete Land Use Commercial Roadside Density High Condition Squatter Significant Environmental Constraints Air Pollution ROW Area (m2) Acquisition Difficulty ROW --- Project Compensation --- Cost (PHPmil) Construction 12,732.0 Total 12,732.0 Technical Issues for Construction on Construction congested highway Elevated Remarks Expressway I-1-48 MMUTIS Appendices Project Profile Category Project Location: NCR R-7 Expressway Expressway XC51XC51XC51 XC51XC51XC51 Description: XC51XC51XC51 This expressway will utilize Quezon Ave. and form a radial route from the inner circular network formed by M.M. Skyway and R-10/C-3 Expressway. In the MMUTIS proposal, it will be XR10C3 XC52XC52XC52 XC52XC52XC52 extended toward the east and connected to C-6 to server XR7XR7 XC52XC52XC52 -
Transit-Oriented Development: an Examination of America’S Transit Precincts in 2000 & 2010
Gulf Coast Research Center for Evacuation and Transportation Resiliency LSU / UNO University Transportation Center Transit-Oriented Development: An Examination of America’s Transit Precincts in 2000 & 2010 Final Report John L. Renne, Ph.D., AICP University of New Orleans with Reid Ewing, Ph.D. University of Utah Sponsoring Agency United States Department of Transportation Research and Innovative Technology Administration Washington, DC Project # 12-06 June 2013 GULF COAST RESEARCH CENTER FOR EVACUATION AND TRANSPORTATION RESILIENCY The Gulf Coast Research Center for Evacuation and Transportation Resiliency is a collaborative effort between the Louisiana State University Department of Civil and Environmental Engineering and the University of New Orleans' Department of Planning and Urban Studies. The theme of the LSU-UNO Center is focused on Evacuation and Transportation Resiliency in an effort to address the multitude of issues that impact transportation processes under emergency conditions such as evacuation and other types of major events. This area of research also addresses the need to develop and maintain the ability of transportation systems to economically, efficiently, and safely respond to the changing demands that may be placed upon them. Research The Center focuses on addressing the multitude of issues that impact transportation processes under emergency conditions such as evacuation and other types of major events as well as the need to develop and maintain the ability of transportation systems to economically, efficiently, and safely respond to the changing conditions and demands that may be placed upon them. Work in this area include the development of modeling and analysis techniques; innovative design and control strategies; and travel demand estimation and planning methods that can be used to predict and improve travel under periods of immediate and overwhelming demand.