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Felcris Hotels taps Colliers for leasing

Published on 07 February 2013 [ manilatimes.net ]
Written by MADELAINE B. MIRAFLOR
Felcris Hotels and Resorts Corp. has tapped Colliers International Philippines to take charge of the leasing efforts of Felcris Building, which is part of its P5-billion master-planned community, Felcris Centrale.
Felcris Centrale is comprised of a commercial and retail mall, office buildings, and a residential and hotel complex. The first phase of the project will be the completion of the mall and business process outsourcing (BPO) building, a 10-floor and 15,000-square mater structure.
The office component of the community, Felcris Building, which Colliers PH will take care of, is currently underway with pile driving works completed and excavation being rolled out. Felcris Building is the first of the many developments within the complex and is expected for completion by the end of 2013.
Felcris Centrale will be Davao City’s newest focal point where business and entertainment converge.
Felcris Hotels also tapped other international consultancy firms to aid them in making the community a reality.
Palafox Associates was appointed for urban planning while BRYCG Group will be its financial consultants. Being at the top of Next Wave City ranking of the Business Processing Association of the Philippines, Davao City is seen to be the foremost city to host BPO operations outside of Metro Manila.
Yap-owned Felcris Hotels announced in the previous year that it will invest P5 billion for Felcris Centrale. The first phase of the project will be the completion of the mall and BPO building at the cost of at least P1 billion.
Covering more than 54,000 square meters of floor area, Felcris Centrale will feature a 12-storey commercial complex with a 10-floor office space, and a two-level retail and entertainment center complete with supermarket, boutiques, restaurants and specialty shops.
Colliers International, on the other hand, is a global leader in real estate services with more than 12,300 professionals operating out of 522 offices in 62 countries.
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