ArthaLand Corp. (ALCO) has tapped China Railway Dongfang Group and Knusford Berhad (?Knusford?) to provide engineering, procurement and construction (EPC) services for its 38-storey grade A office building in Cebu.
China Railway Dongfang Group and Knusford will form a joint venture company in the Philippines to execute the EPC contract.
The collaboration among the three groups brings together strengths in design, building construction, project management and expertise in the Philippine property sector.
China Railway Dongfang Group is a wholly owned subsidiary of China Railway Group Limited (CREC), which accounts for over 60 percent of railway construction in China in addition to major projects involving the construction of bridges, tunnels, airports, high-rise buildings and municipal facilities.
Knusford, on the other hand, is a Malaysian publicly listed multi-disciplinary construction company involved in major construction works, property development and investments.
ArthaLand?s Cebu Exchange, located on a 8,440 square meter property, will cater information technology and business process management locators which are expanding their operations in the region.
It will be the first and only Grade-A office building in Cebu on target to achieve dual green building certification from the United States Green Building Council?s Leadership in Energy and Environmental Design (LEED) program as well as from the Philippine Green Building Council?s Building for Ecologically Responsive Design Excellence (BERDE) program.