Property Management Group Sets Sustainable Building Index

Article excerpt

MANILA, Philippines-- Property management is a crucial factor in boosting property values over the long-term -involving drafting initiatives to make office tenants, residents and shoppers always happy. This is according to a subsidiary of Megaworld Corporation.

First Oceanic Property Management Inc., which was established as a wholly owned subsidiary by Megaworld to handle the upkeep of its office and residential buildings, subdi[logical not]visions and mall developments along with those of its affiliate companies, is now pursuing the development and implementation of Sustainable Building and Community Management principles. This will include initiatives in power, water and waste management - with a focus on con-servation and the intention of lower utility bills among residents and office tenants.

In partnership with the Philippine Green Building Council (PhilGBC), First Oceanic will also develop a rating system for Green communities and townships. On its own, the company will develop and design Green - de[logical not]fined as ecologically and environmentally responsible - BPO office buildings in Megaworld's new large-scale project, Bonifacio Uptown.

Also among the firm's main initiatives is the launch of a "Happiness Index" that will "measure the level of satisfaction of residents, corporate locators and tenant employees," according to First Oceanic VP for prop[logical not]erty management Rigoberto Santos. …