Global Gateway Development Corp., operator of a newly-built logistics center in Clark Freeport, will add 45,000 square meters of office space and 9,000 square meters of retail space once it completes the first two towers in the area.
The AeroPark Campus One West and Two West towers, which are nearing completion, represent the first phase of the multi-million dollar hub in the 177-hectare Global Gateway Logistics City in Clark.
“With the addition of new high-quality office space located in a well-designed master planned precinct within the Clark Freeport Zone and directly adjacent to the Clark International Airport, we foresee the Clark Freeport Zone emerging as a new office and logistics hub for the Philippines,” Global Gate CEO Mark Williams said during the topping-off ceremony.
GGLC expects to generate over 300,000 jobs that will translate into $600 million in annual payroll. It will also reinforce the status of Central Luzon as an emerging economic hotspot of the Philippines and the whole Asia.
Williams said the two new buildings were LEED pre-certified gold, with a target to become platinum, as they were constructed to international green standards. LEED refers to the Leadership in Energy and Environment Design international green building rating system.
“And it will highlight the potential of the Philippine countryside as a catch-basin of the overflowing vibrancy of Metro Manila,” Williams said.
Global Gateway is the same company that built The Medical City Clark’s 173-bed world-class medical center and the first locator in GGLC, a master-planned mixed-use project.
About $100 million were invested in the project and an additional $250 million were appropriated for the completion.
The project was originally founded by The Port Fund, a private equity fund managed by Kuwait firm KGL Investment Company, whose investors largely consist of the shareholders of government entities of Kuwait and other Gulf Cooperation countries.
Three more buildings in 2017 will rise at the Aeropark Campus, located just across The Medical City Clark.
The five office buildings, with a combined gross floor area of 142,000 square meters, will be interconnected by walkways at the second floor, allowing traffic-free pedestrian movement.
Each building in the campus will have two floors of retail space designed to serve inhabitants of the new city.
Williams said the topping-off ceremony manifested the company’s commitment to the full development of a world-class logistics center with lease on the property for a period of 50 years and an option to renew for 25 years.
