Megaworld Corp., the country’s largest developer and lessor of office spaces, is expanding its office portfolio with the construction of two new office towers inside the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City.
Megaworld said in a statement over the weekend two new office towers—Enterprise One and Enterprise Two—each 12-story high, will rise along the bustling stretch of Megaworld Boulevard in the city’s modern business park.
The two new office towers will offer around 78,000 square meters of new office spaces. Both buildings will be applied for Leadership in Energy and Environmental Design (LEED) certification.
“The demand for office spaces in Iloilo Business Park has been steadily growing the past years. Most of the companies that want to set up operations in Iloilo prefer the township concept that we offer because it helps ensure convenience and comfort necessary for the retention of their employees,” said Megaworld Premier Offices first vice president Roland Tiongson.
Megaworld to date has nearly 65,000 square meters of office spaces in eight buildings that are fully operational within Iloilo Business Park.
The towers—One Global Center, Two Global Center, Richmonde Tower, One Techno Place, Two Techno Place, Three Techno Place and Festive Walk Office 1 and 2—are fully leased out.
An additional 35,000 square meters are now under construction, which are expected to be completed next year. These are One Fintech Place A, One Fintech Place B and Two Fintech Place.
Among the first-time locators in Iloilo Business Park are StarTek, iQor, Reed Elsevier, WNS, Nearsol and Connectsys. Companies like Transcom and HGS have also expanded their Iloilo operations in the township.
“By 2022, we expect our office stocks to reach around 175,000 square meters, the biggest for a single developer in Iloilo City. These office towers are able to generate approximately 62,000 jobs in the BPO sector,” added Tiongson.
Megaworld last year opened its P350-million transport hub inside the Iloilo Business Park.
The hub, which has two terminals, serves the requirements of the region’s first Premium Point-to-Point (P2P) service.
The terminals, occupying a 4,000-square meter lot each, have their own traveler’s lounge, an air-conditioned facility where passengers can relax and wait for their trips at the departure terminal, and for their transits or pick-up vehicles at the arrival area.