Megaworld building office tower for JP Morgan Chase

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Megaworld Corp. is building an office tower for global banking and financial services provider JPMorgan Chase Bank, N.A. in Fort Bonifacio, as the multinational firm consolidates it presence to one location in the country.

In a statement issued Tuesday, Sept. 4, tycoon Andrew L. Tan’s property firm said the 25-storey building will offer a gross leasable area of around 70,000 square meters, making it the largest single office lease transaction in terms of total space leased to one firm.

“Megaworld is proud to build the new home of JPMorgan Chase in Fort Bonifacio as it consolidates its existing Metro Manila operations under one roof – all in a state-of-the-art, prime and green office tower right at the heart of the booming Uptown Bonifacio. This multibillion peso deal with a single company is the biggest in the country’s office leasing industry,” Megaworld Senior Vice President Jericho P. Go said in a statement. — Arra B. Francia