DataLand Inc., the property development unit of DDT Konstract Inc., is interested in leasing a 2.3-hectare lot within the 177-hectare Clark Freeport Zone in Mabalacat, Pampanga for a planned mixed-use development.
Dataland said in a statement it was in advanced talks for a possible partnership with Global Gateway Development Corp., the developer of Clark Global City, over a possible leasehold agreement.
DataLand plans to build an office building, dormitel and hotel on the Clark Global City property.
“We see the phenomenal growth in Clark, where there is continuous development in infrastructure that affects its economic progress,” DataLand president Andrea Marie Tamayo-Ulep said.
“We believe that a partnership with GGDC is a strategic move and we look forward to building developments that help create a progressive environment in one of the largest office markets in the Philippines,” she said.
Clark has emerged as the second-largest office market in the Philippines as the government’s aims to transform the former military base into a modern and disaster-resilient metropolis, as part of efforts to decongest Metro Manila and spread growth across the country.
“We are excited to welcome DataLand as partner in realizing our vision for Clark Global City, which is integral to the development of the country’s next big metropolis that could further drive economic growth throughout the archipelago,” GGDC chairman Dennis Uy said.
Clark Global City makes an ideal destination for business with its strategic location in a free port zone given its proximity to major infrastructure developments, such as the expansion of the Clark International Airport, NLEx-SLEx Connector Road, Subic-Clark Cargo Railway and PNR North Railway, and access to skilled workers.
Clark Global City was earlier envisioned as an aviation-focused logistics park. But when GDCC took over the property in 2017, the company renewed the lease agreement over the estate to run until 2085 and amended the master plan to develop the leasehold as a central business district.
GGDC has since signed a sublease agreement with SM Prime Holdings Inc., Century Properties Group, Inc. and Suyen Corp.