THE development of Clark Global City gains ground as Global Gateway Development Corp. (GGDC) is looking to partner with real estate firm DataLand, Inc. for an office building, dormitel, and hotel in the area.
In a statement issued Wednesday, GGDC said DataLand is in advanced talks to sublease a 2.3-hectare property in Clark Global City in Mabalacat, Pampanga.
DataLand is the property unit of DDT Konstract, Inc., and has developed residential condominiums in Metro Manila namely The Silk Residences in Sta. Mesa, Manila and The Olive Place in Mandaluyong, as well as The Ivy Wall Hotel in Puerto Princesa, Palawan.
“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,” DataLand President Andrea Marie Tamayo-Ulep said in a statement.
GGDC Chairman Dennis A. Uy said having more partners is vital in its efforts to turn Clark Global City into the next business district outside Metro Manila.
“We want Clark Global City to serve as a platform for other property developers to not only take a piece of the action in Clark, but also foster economic growth and development beyond the traditional business districts,” Mr. Uy said in a statement.
GGDC has been partnering with several companies to develop parcels of land in the 177-hectare Clark Global City, 109 hectares of which are suitable for construction.
Earlier this week, GGDC said Suyen Corp., the company behind homegrown clothing brand Bench, has subleased a 2,886-square meter property where it plans to build an office tower.
Century Properties Group, Inc. (CGP) has also signed a memorandum of agreement for a joint venture to develop an affordable housing project in the area, while SM Prime Holdings, Inc. has signed a sublease agreement for retail, office, and hotel projects there.
GGDC holds the lease rights for Clark Global City until 2085, after it took over the property from its previous owner in 2017. Its masterplan involves top-grade office buildings, upscale retail outlets, academic centers, sports centers, an urban park, an integrated resort and casino, as well as modern support services and amenities.
GGDC is a wholly-owned unit of Udenna Development Corp., the property arm of Mr. Uy’s Udenna Corp. Aside from property development, the Udenna Group also has interests in petroleum and oil, logistics, infrastructure, education, and convenience stores, among others. — Arra B. Francia