Focus on NEX Tower
AUGUST 28, 2019
NEX Tower has been selected as the winner of the Urban Land Institute (ULI) Asia Pacific Award for Excellence. Over 50 projects were submitted to the awards program from leading developers across the region.
NEX Tower was the sole finalist and the only award winner from the Philippines, with other winning projects by major developers from Singapore, Tokyo and Beijing.
Developed by Nova Group in partnership with VelcoAsia, NEX Tower is designed by the internationally renowned architecture firm Skidmore, Owings & Merrill (SOM). The 28-story structure stands boldly with its striking crystalline form on Ayala Avenue, offering world-class architecture, top-level construction, premium materials and the highest sustainability criteria.
Recognized as the property industry’s most prestigious awards program, the ULI Asia Pacific Awards for Excellence reflects ULI’s objectives throughout the region. The competition is based on ULI’s guiding principle of recognizing and honoring best practices that foster the highest standards in land use and development.
The ULI Award for Excellence recognizes the full development process of a project, not just its architecture and design. The criteria for the award includes leadership, positive impact, relevance to the contemporary and future needs of the community, environmental sustainability, stewardship and resiliency, strategies and techniques that other communities can replicate or adapt, and financial success. Jury members are recognized leaders who represent a broad geographic diversity and are drawn from many areas of real-estate development expertise, including finance, architecture, design, land planning and development, public affairs and professional services.
Ricardo C. Cuerva, managing director of Nova Group had a specific aspiration for the project. “Our vision is to raise the level of commercial office development in Metro Manila, and to build projects that can compete with the best from other global cities. Winning the ULI award not only affirms this ambition, but it challenges the Philippine real-estate industry to strive for excellence,” he said.
When building NEX Tower, the developer focused on providing an open and inspiring environment for tenants, visitors and the greater community. This included an integrated approach to health and wellness that utilizes biophilic design and carefully manages natural resources. The unique approach helped the tower achieve the highest sustainability criteria. Mario Veloso, director of VelcoAsia remarked, “We envision NEX Tower as the premier workspace for leading companies that value integrity, professionalism and entrepreneurship, and we welcome these companies as our tenants.”
Ame Engelhart, ULI trustee and awards chairman commended the high quality of project submissions for the awards program. She observed, “It’s nice that we can have an Asia Pacific award to recognize projects that often come from large, super high-density cities such as the Greater Bay Area, Singapore and Metro Manila. These cities have many more challenges than a lot of North America and European cities…it’s good to be able to adjudicate projects based on the constraints and opportunities in Asia.”