Davao Finance Center [ 15F | com ]

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Davao Finance Center [ 15F | com ]

Post by Jan on Sat Sep 20, 2014 12:09 am

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Megaworld is building the P1.2-billion DAVAO FINANCE CENTER, a 15-storey state-of-the-art office tower that is poised to become an iconic landmark for business, trade and commerce of Mindanao, at the 11-hectare Davao Park District.

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Re: Davao Finance Center [ 15F | com ]

Post by Jan on Sat Sep 20, 2014 12:25 am

P1.2-B finance center devt to rise in Davao Park District

MEGAWORLD Corp. on Thursday said it will invest P1.2 billion for the construction of a 15-story office tower at its Davao Park District, envisioned to be the city’s central business district.

Due for completion by 2016, the first phase of the Davao Finance Center will be able to generate around 8,000 jobs, the company said.

“The iconic Davao Finance Center will be the first to rise in Davao Park District because we envision it to be a landmark for business, trade and commerce, especially for the information technology and business-process outsourcing [BPO] in Mindanao,” Senior Vice President Jericho said. Go said at least four BPO companies have already expressed interest to set up operations at the Davao Finance Center and most of these companies are first-time locators to Mindanao. “Davao City is on the right track to become Mindanao’s BPO hub. There is an abundance of highly skilled human resource, and the existence of centers of excellence ensures that there is enough supply for highly skilled human resource to meet the demand,” Go added.

Davao City, which is Mindanao’s center of trade, commerce and education, is home to over 2 million residents and several topnotch universities including the Ateneo de Davao University, University of the Philippines-Mindanao Campus and the University of Mindanao, among others. The company is also putting up a stand-alone McDonald’s store right in front of the Davao Finance Center next year.

Tan holds the master franchise of McDonald’s in the country. The said franchise is folded under Tan’s holding firm Alliance Global Group Inc.

The Davao Park District is Megaworld’s first township development in Mindanao. The company envisioned its development to become the central business district of Davao. It will have office towers, commercial and retail strips, open parks and lagoon and themed-residential condominiums by Suntrust Properties Inc., a wholly owned unit of Megaworld.

The company is pouring P15 billion for the development of the township in the next five to seven years. Megaworld pioneered township developments and cyberparks in the country, with its 18.5-hectare Eastwood City development in 1999. Other Megaworld townships include the 50-hectare McKinley Hill, the 34.5-hectare McKinley West, the 5-hectare Forbes Town Center and the 15.4-hectare Uptown Bonifacio, all in Fort Bonifacio in Taguig; the 12.3-hectare Woodside City in Pasig; the 25-hectare Newport City in Pasay; the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City; and the 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.

The company also has residential and commercial projects in the Chinatown District of Binondo and in the Makati central business district.


Source: http://businessmirror.com.ph/index.php/en/business/companies/32918-p1-2-b-finance-center-devt-to-rise-in-davao-park-district

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