The North remembers, Ayala Land Premier delivers

posted August 16, 2019 at 07:50 pm
by  Manila Standard
Ayala Land Premier (ALP) this week introduced its first AAA, premium-grade office product in Vertis North, Quezon City. The developer, best known for luxury residential towers and exclusive suburban enclaves, has ventured into office spaces for sale through the 43-storey One Vertis Plaza.

The North remembers,  Ayala Land Premier delivers

ALP’s foray comes from rising demand in the office sector, which has typically targeted the growth in business process outsourcing and gaming operations. One Vertis Plaza caters to an unserved market of companies in need of larger, headquarters-type, corporate offices, in Quezon City and in areas north of Metro Manila.

Quezon City is home to key government offices, major institutions, vibrant shopping centers, and upscale residential subdivisions. But private sector offices have sprouted in various locations from the lack of a central business district (CBD). Offices have been located in Cubao, South Triangle and over the last decade, along C5-Libis.

“What the 45-hectare Vertis North presents is a large scale, master-planned city center enhanced by an unbeatable, highly-connected location,” said Mike Jugo, ALP managing director. “With over 50% of its total area dedicated to offices and commercial establishments, Vertis North encourages enterprise and sets the ideal address for growing businesses,” 

Indeed, Vertis North has all the trappings of becoming a prime CBD just by its location alone. The project is a convergence point for major commercial areas, existing transport developments and Mega Manila’s upcoming infrastructure projects such as MRT 7 and the Unified Grand Central station, set to open by 2020 and 2022 respectively, as well as the Metro Manila subway, targeted for full completion by 2025.

Growing estate

Since its launch in 2012, Vertis North has grown with an array of high-rise residences, a hotel, shopping mall, and corporate offices.

The estate has added more than 40,000 sqm. of gross leasable space through Ayala Malls Vertis North, complementing Trinoma’s 215,000 sqm. of retail spaces.

Perched above the mall is Vertis North Corporate Center, offering over 123,000 sqm. of leasable office inventory with its first three towers, with two more towers underway. Notable multinational and homegrown companies have moved their offices to the development, including Google, Telus, and Teleperformance.

The North remembers,  Ayala Land Premier delivers

Nine residential towers have been launched by ALI residential brands Alveo and Avida thus far, offering a total of almost 7,000 residential units. To date, over 90% of the existing residential inventory has already been sold.

“With the estate’s connectivity being bordered by EDSA and North Avenue, coupled with its access to key transportation hubs, commercial centers and adjacency to Vertis North Gardens, the location presented an attractive address for One Vertis Plaza,” said Jugo.

Low density

One Vertis Plaza offers a maximum of only 10 office units per floor ranging from 101 to 325 sqm. in size. 

The configuration and layouts of the units allow for the easy combination of units to create larger office spaces covering up to 1,648 sqm., or an entire floor. All office spaces are enveloped by a glass curtain wall, offering abundant natural light and impressive views, with half of the units overlooking Vertis North Gardens. 

Close to 70% of the available office spaces have been taken up with an average price of P352,193 per square meter.

One Vertis Plaza is set for completion in 2024.

Topics: Ayala Land Premier , One Vertis Plaza , Mike Jugo ,
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by The Standard. Comments are views by thestandard.ph readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of thestandard.ph. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with The Standard editorial standards, The Standard may not be held liable for any false information posted by readers in this comments section.