Megaworld Corp. said Tuesday it will construct a new high-rise office building inside its 15.4-hectare Uptown Bonifacio township in Taguig City as demand for office spaces remained robust amid the pandemic.
Megaworld said in a disclosure to the stock exchange the 24-story International Finance Center would offer 69,200 square meters of office spaces.
The building will be a LEED-certified (Leadership in Energy and Environmental Design) tower and will also be accredited by Philippine Economic Zone Authority.
It will be listed across Uptown Mall and beside Uptown Parade. It is a two-minute walk to the three residential condominium developments of Uptown Bonifacio, and a three-minute walk towards Kalayaan Ave. leading to either Makati City or C5.
The tower features six levels of combined podium and basement parking with around 712 slots, and 30 passenger elevators including four parking and two service elevators, ensuring speed and convenience for tenants and employees.
“This new office development, which will be PEZA-accredited, sits right at the heart of Uptown Bonifacio, having the most convenient access to the mall, residential, transport and leisure hubs in a community setting. Soon, this new office tower will have direct access to the Mega Manila Subway and the proposed Skytrain monorail,” said Roland Tiongson, first vice president of Megaworld Premier Offices.
This will be Megaworld’s seventh office development in Uptown Bonifacio and will boost gross leasable space on the area to 400,450 square meters.
Megaworld is also building Worldwide Plaza, which will be the future headquarters of the Philippine Global Service Center of JPMorgan Chase Bank, N.A., the leading global banking and financial service provider.
The 25-story built-to-suit office tower with a gross leasable area of 70,000 square meters was touted as the “largest single office leasing transaction in Philippine real estate industry in terms of total space leased to a single company and transaction value.”
“Currently, our office portfolio in Fort Bonifacio alone totals to around 900,000 square meters already. These are in Uptown Bonifacio, McKinley Hill, and McKinley West. We have grown this big because of the robust demand for office spaces in our townships here,” Tiongson said.