Property giant remains to be the biggest office developer and lessor with around 650,000 sqm of office spaces in Fort Bonifacio alone, generating at least 100,000 jobs by 2018
|Megaworld has announced that it is spending P20 billion to construct 12 office towers in Fort Bonifacio by 2018, growing its office space inventory in the former military base to 650,000 square meters. The new office towers will be able to generate at least 100,000 jobs, particularly in the IT-BPO sector.Presenting the ongoing construction of the new office towers in the 15.4-hectare Uptown Bonifacio township of Megaworld are (2nd from left) Jericho Go, senior vice president; and (3rd from left) Harold Geronimo, head of public relations and communications.
MANILA, Philippines, July 21, 2015 – Megaworld, the country’s biggest developer and lessor of office spaces, is opening 12 new office buildings in three of its four townships in the bustling Fort Bonifacio in the next three years. The company is spending P20-billion to
construct these state-of-the-art towers, growing more than twice its current 300,000 square
meters office space inventory in Fort Bonifacio alone by 2018.
“We remain upbeat in maintaining our leadership as the biggest developer and lessor of
office spaces in the country. By 2018, our total office space inventory in Fort Bonifacio
alone will reach around 650,000 square meters, still making us the leading office developer
in this booming district,” says Jericho P. Go, senior vice president, Megaworld.
|Screengrab from Megaworld Corporation’s Youtube video of Fort Bonifacio.
Four office towers are currently being built in Uptown Bonifacio, the company’s 15.4-
hectare integrated urban township in the northern part of Fort Bonifacio near Kalayaan
Avenue. These are the 15-storey Uptown Tower 1 (30,000 sqm); the 15-storey Uptown
Tower 2 (30,000 sqm); the 20-storey Uptown Tower 3 (40,000 sqm); and the 25-storey
Alliance Global Tower (50,000 sqm), which will serve as corporate headquarters of the
companies under Alliance Global Group, Inc., the holding firm of tycoon Dr. Andrew L. Tan.
“We envision Uptown Bonifacio to rise as a bustling CBD of Fort Bonifacio. At present,
several multinational companies have already signed up to set up their operations here.
Uptown Towers 1, 2 and 3 are now 90% leased out even before we have completed the
delivery of the said towers. These office towers are all LEED-registered,” explains Go.
The company is also building six more campus-type office towers in its new township, the
34.5-hectare McKinley West: One West Campus, Two West Campus, Three West Campus,
Five West Campus, Six West Campus and Eight West Campus. Each tower is five-storey high
with 10,000 square meters of leasable office spaces.
“There is a remarkable demand for sustainable campus-type office buildings especially after
we built 8 Campus Place in McKinley Hill, the first LEED Gold-certified BPO office building
in the country. We look forward to our LEED certification for these new office buildings in
McKinley West as well,” adds Go.
Within three years, two more office towers are in the pipeline for Megaworld in Fort
Bonifacio. These new office towers will add around 140,000 square meters to the
company’s office space inventory.
Megaworld now has 19 office towers in McKinley Hill covering around 300,000 square
meters of office space inventory. The company remains to be the country’s biggest office
developer and landlord with around 712,000 square meters of office space inventory,
mostly leased to IT-BPO companies. At present, Megaworld has over 130 companies in its
portfolio of office tenant partners.