Forbes strikes deal for first namesake office building

Forbes Media, the parent company of Forbes magazine, announced Tuesday that it has struck a deal with a developer to build the first Forbes Media Tower, which will be located in the Philippines.

A commercial office building, the Forbes Media Tower is designed to serve the world’s business leaders by providing an environment to conduct business with premium amenities. The deal is with Century Properties Group Inc., a leading Philippine real estate firm.

“Forbes has always been an authoritative resource for the world’s business leaders, and this tower further reinforces our long-standing mission,” said Mike Perlis, president & CEO of Forbes Media, in a statement.  “The Philippines, with its rapidly growing market and strong relations with the U.S., is the perfect location to launch this effort.”

The Forbes Media Tower in Makati, Metro Manila will offer approximately 60,000 square meters of premium office space, which will be available for sale and for rent by the first quarter of 2014.  In addition to office space, the building will provide meeting and event space with plans for a fine dining restaurant, fitness center and exhibition facilities.

Read more here.