Megaworld Corp. said it is putting up two new office towers in its 72-hectare mixed-use estate Iloilo Business Park, adding 78,000 square meters of new office space to the area’s current portfolio.
The company said the office towers, Enterprise One and Enterprise Two, each with 12 storeys, will be Leadership in Energy and Environmental Design-certified when finished.
“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 Roland Tiongson, Megaworld Premier Offices first vice president.
Tiongson said Megaworld presently has almost 65,000 sq.m. of office spaces through the eight buildings that have been completed in the area — One Global Center, Two Global Center, Richmonde Tower, One Techno Place, Two Techno Place, Three Techno Place, and Festive Walk Office 1 and 2.
All towers are fully leased out, he added.
“An additional 35,000 square meters are now under construction, which are expected to be completed by next year. These are One Fintech Place A, One Fintech Place B, and Two Fintech Place,” he said.
Among the first-time locators in Iloilo City that are in Iloilo Business Park include StarTek, iQor, Reed Elsevier, WNS, Nearsol and Connectsys. Companies like Transcom and HGS have also expanded their existing 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 (business process outsourcing) sector,” said Tiongson.
