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Megaworld expands Iloilo Business Park



“We are expanding to cater to the increasing demand for residential and commercial properties in Iloilo Business Park." says Jericho Go, first VP of Megaworld during a presscon exclusive to the members of the Iloilo Bloggers Inc. last May 3 at Gloria Maris Restaurant." As estate giant Megaworld cements its leadership in Western Visayas, it announces the expansion of its P25-billion township development, the Iloilo Business Park, to an additional 18 hectares. The biggest business park in Western Visayas now has a total land area of 72 hectares.
Jericho Go, Megaworld First Vice President (left)
and Harold Geronimo, Megaworld director for strategic marketing and communications.

"During the past months, we have experienced the overwhelming reception of Ilonggos to our first development in the region,” he continues.  He was referring to Megaworld's first condominium tower, One Madison Place which started pres-elling only last March. "The property is now 85% sold out and the second tower is scheduled for pre-selling this month."

LIFESTYLE. LIFESTYLE. LIFESTYLE. 

Decades ago, when the main criteria in choosing a property were location, location and location, Megaworld successful projects changed all that. “Now it is lifestyle, lifestyle and lifestyle,” says Go. 

“We introduced the “live-work-play” lifestyle concept to Filipinos way back in the 90s, which paved the way for the development of townships in the Philippines. Since then, other developers have followed our footsteps in this new wave of nation-building,” declares Go.

He cites that Eastwood City used to be rows of textile factories in that obscure part of Quezon City. “Now, it is the showcase of the country’s BPO industry.” He said that MW patterned this after Silicon Valley, Malaysia’s Cyberjaya and India’s IT city of Bagalore.

The two office towers on Megaworld Boulevard, along with the Iloilo Richmonde Hotel tower, are now under construction. The towers are expected to be completed next year. "One BPO building will be completed in the first half of 2014 and another by the second half " he says.

“Our state-of-the-art office towers will be home to several business process outsourcing (BPO) companies, some of them will be first-time locators in Iloilo,” reveals Go.
“Now Iloilo City will be at the forefront of the BPO industry this part of the country”. He said that MW has in its portfolio more than a hundred BPO companies from its line up mega development across the country.

MORE DEVELOPMENTS, MORE JOBS

Go informed that by the end of 2014, the Iloilo Business Park will generate around 7,000 new jobs from the components that will be completed. Thought the company is yet to reveal its plans for the additional 18 hectares. 

It previously announced that the mixed-use township will cover residential condominiums, boutique hotel and commercial lots, office towers, two luxury hotels, the much-awaited Iloilo Convention Center, the Megaworld Central Mall and Annex, and the 1.1-kilometer Festive Walk commercial strip.  “Our mall will boast of 8 world class cinemas with the same quality like the ones in Eastwood” 

“Megaworld is one with the local government’s goal of helping Iloilo regain its stature as Queen City of the South, which we are optimistic about in the next 5 to 10 years,” adds Go.

Iloilo Business Park is Megaworld’s biggest township in the Visayas, modelled after the company’s ‘live-work-play’ formula that it pioneered in the Philippines. Among its successful townships include Eastwood City, known to be the Philippines’ first cyberpark; McKinley Hill in Bonifacio Global City, Taguig; and Newport City in Pasay City, home of the famous Resorts World Manila.

For more inquiries on the Iloilo Business Park’s BPO offices, call (0947) 890-5283 or e-mail iloilobusinesspark@megaworldcorp.com.



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