THE Philippine Economic Zone Authority (PEZA) plans to build a new headquarters on Roxas Boulevard in Pasay City, with construction expected to take three or four years.
PEZA Director-General Charito B. Plaza told reporters at a briefing on Friday that the new headquarters will cost P800 million and rise 13 storeys.
Pending construction, PEZA’s head office operations will transfer to Double Dragon at Macapagal Boulevard from the current location in Taguig City. The agency plans to move by March.
Ms. Plaza said that PEZA is moving because the current offices have insufficient space and infrastructure.
The new office will be funded through a lease-to-own agreement with Land Bank of the Philippines (LANDBANK). PEZA expects to attain ownership in 15 years.
“The scheme is we lease LANDBANK and then we all pay it later. Deducted na ’yung lease namin (our lease if deducted). Lease to own. After 15 years, amin na (it’s ours),” Ms. Plaza said.
PEZA is also looking to build a P2 billion to P3-billion multipurpose building behind the new office building.
“We are looking for a JV (joint venture) to put up what is allowed by CAAP (the Civil Aviation Authority of the Philippines) is a 33-storey building,” Ms. Plaza said.
“There are now proposals because we want an iconic design and a green building.” — Jenina P. Ibañez