Megaworld building office condo tower in Iloilo

Tycoon Andrew Tan-led Megaworld Corp. is launching a new office condominium tower in Iloilo Business Park, creating P2 billion worth of fresh office property space for businesses and investors who want to own a piece of Ilolio’s newest central business district.

The 19-story International Corporate Plaza offers 301 office units for sale to businesses, startup companies, and established enterprises. The units will have a size ranging from 26 to 65 square meters.

At an average selling price of about P155,000 per square meter, the office condominium is selling for at least P4.03 million to as much as P10.7 million a unit. The tower is expected for completion in 2024.

“So far, this will be the most modern and state-of-the-art office tower in Western Visayas where companies, including entrepreneurs, can own their office spaces and enjoy its generous facilities never been seen before in any office building in the region,” Jennifer Palmares-Fong, vice president for sales and marketing at Iloilo Business Park, said in a statement on Wednesday.

The tower will house at the sixth level managed facilities such as two boardrooms, three meeting rooms, coworking and breakout areas, an executive lounge and a sky garden.

Another sky garden will be built at the rooftop, providing views of the bustling cityscape as well as Guimaras Island.

Rising within the township’s nine-hectare commercial and boutique hotel district, International Corporate Plaza will also have a four-level parking podium, retail space and arcade area at the ground floor. Keycard-enabled turnstiles will provide enhanced security for the building’s main lobby, and RFID cards will be used to secure the parking areas.

The new office tower will also be fiber optic-ready, and equipped with its own seismic detection and monitoring system, building management system, 24-hour security and fire command center, fire security system, and a 100-percent backup power facility.

“One of the main highlights of the tower is its enhanced security and safety features, another first in Western Visayas,” Palmares-Fong added.

Aside from the sky gardens, the International Corporate Plaza is also designed to have other green and sustainability features that include the use of LED lighting in the tower’s common areas such as hallways, lobby and amenity floor, use of dual flush-type water closets in common toilets, and a materials recovery facility for proper waste segregation and recycling. —DORIS DUMLAO-ABADILLA