Megaworld eyes P2-B sales from new office tower

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A DIGITAL rendition of the planned International Corporate Plaza within the Iloilo Business Park. — COMPANY HANDOUT

ILOILO CITY — Megaworld Corp. expects to generate P2 billion in sales from its newly launched office tower in Iloilo Business Park (IBP).

“This is a very exciting project for Iloilo. This is where companies including entrepreneurs can own their office spaces and enjoy its generous facilities never been seen before in any office in the entire region of Western Visayas,” IBP Vice-President for Sales and Marketing Jennifer P. Fong said in a press conference on Wednesday.

The 19-storey International Corporate Plaza will have 301 office units. The target market includes start-up companies along with established enterprises that want to set up operations in Iloilo. The project is expected to be completed by 2024.

“We will also be catering to locals like professionals, law offices, design firms, accounting firms. We want also to give them a chance to invest in a prime location to have their business here in Iloilo. We are also very much open to government offices,” she said.

The starting selling price is P155,000 per square meter (sq.m) for the prime office spaces ranging from 26 sq.m. to 65 sq.m.

“There is a demand for this kind of development, that’s why we are offering this now,” Ms. Fong said, adding that 10 companies have already made reservations.

The office tower, to be located within the IBP’s nine-hectare Commercial and Boutique Hotel District, will also have retail spaces and an arcade area at the ground floor.

“The 6th level will house ‘managed facilities’ such as two boardrooms, three meeting rooms, co-working and breakout areas, an executive lounge, and a Skygarden,” said Harold C. Brian Geronimo, Megaworld senior vice-president and head of public relations and media affairs.

It will also have “sky gardens” at the 6th floor and the rooftop, and other sustainable building features such as LED lightings, use of dual flush-type water closets in common toilets, and a material recovery facility for proper waste segregation and recycling.

The new office tower will also be fiber optic-ready, and equipped with a seismic detection and monitoring system, building management system, 24-hour Security and Fire Command Center, fire security system, and a 100% backup power facility.

“It’s really part of Megaworld’s sustainability plan. We have a plan that we put in place not just for this building but for all our buildings that we are constructing. Even our malls have integrated seismic detection and monitoring systems,” Mr. Geronimo said. — Emme Rose S. Santiagudo