PRESS RELEASE

“MEGAWORLD FURTHER RAMPS UP OFFICE PORTFOLIO IN ILOILO” The country’s largest office developer is adding 78,000 square meters of office spaces in Iloilo Business Park with two new office towers Megaworld, the country’s largest developer and lessor of office spaces, is ramping up its office inventory inside the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City.

The company is launching two new office towers – Enterprise One and Enterprise Two – each 12-storeys high right along the bustling stretch of Megaworld Boulevard in the city’s modern business park. The two new office towers will offer around 78,000 square meters of fresh office spaces. Sporting modern architecture, both Enterprise One and Enterprise Two will be applied for Leadership in Energy and Environmental Design (LEED) certification.

“The demand for office spaces in Iloilo Business Park has been steadily growing the past years. Most of the companies that want to set up operations in Iloilo prefer the township concept that we offer because it helps ensure convenience and comfort necessary for the retention of their employees,” explains Roland Tiongson, first vice president, Megaworld Premier Offices. To date, Megaworld has almost 65,000 square meters of office spaces in eight buildings that are fully operational.

These towers, which include One Global Center, Two Global Center, Richmonde Tower, One Techno Place, Two Techno Place, Three Techno Place, and Festive Walk Office 1 and 2, are currently fully leased out. An additional 35,000 square meters are now under construction, which are expected to be completed by next year. These are One Fintech Place A, One Fintech Place B, and Two Fintech Place. Among the first-time locators in Iloilo City that are in Iloilo Business Park include StarTek, iQor, Reed Elsevier, WNS, Nearsol, and Connectsys. Companies like Transcom and HGS have also expanded their existing Iloilo operations in the township.

TECHNICAL CHARTS

Their confidence and the charts are well co-ordinated – we will watch this stock and buy at our price
Chart is forming a Bullish Pattern “V” – if there is a breakout we Buy – we are expecting a Pullback before a new rally

KEY TAKEAWAYS

  • Coronavirus is still affecting the market overall – FEAR
  • Asian shares, bond yields fall as deadly coronavirus spreads READ MORE
  • Don’t rush but wait for limit orders

FINWAZE TEAM

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