Philam Life to build $47 million corporate tower in Cebu, Philippines

Philam Life, the country’s premier insurance provider, is building a P2.1-billion (US$47 million) corporate center at the heart of Cebu City’s business district. The new Philam Life corporate center will be the most modern architectural landmark in Cebu City and the entire Visayas and Mindanao.

Located in the Cebu Business Park, Philam Life’s corporate center is part of the company’s ongoing business transformation program which aims to provide better access, convenience, and quality service to its customers through strategically-located offices with top-of-the-line facilities.

When completed, the twin tower structure will be a Grade A building and is expected to receive at the minimum the LEED Silver Core and Shell Certification. (The certification rates a structure according to design, construction, operation and maintenance of environment-friendly buildings.)

The edifice will be iconic. The ground floor and mezzanine levels will be open to commercial and retail shops. Most of the building will be up for lease and the rest will be for company use. It will also have a provision for a roof deck garden as well as function space for tenants.