CLARK FREEPORT – A reputable real estate company that focuses on residential developments, retail and commercial developments, as well as hospitality and leisure development is joining a growing number of property developers at the 177-hectare Clark Global City (CGC) here.
DataLand, Inc. said it is taking part in transforming CGC into the country’s new center of business, life and innovation.
DataLand, the property development arm of DDT Konstract, Inc. and Global Gateway Development Corp. (GGDC) of the Udenna Group announced that they are now into “advanced talks” for a partnership at the CGC in this freeport.
DataLand said it intends to build an office building, dormitel and hotel on 2.3 hectares of CGC as more companies expand north of Manila.
“We see the phenomenal growth in Clark, where there is continuous development in infrastructure that affects its economic progress,” DataLand president Andrea Marie Tamayo-Ulep said.
“We believe that a partnership with GGDC is a strategic move and we look forward to building developments that help create a progressive environment in one of the largest office markets in the Philippines,” she added.
Clark has emerged as the second-largest office market in the Philippines amid the government’s push to transform the former military base into a modern and disaster-resilient metropolis, as part of efforts to decongest Metro Manila and spread growth across the country.
In its Real Estate Market Insights for December 2018, Leechiu Property Consultants cited Udenna’s master- planned development as the main driver of office demand in this freeport and a major contributor of office supply outside Metro Manila.
CGC makes an ideal destination for business with its strategic location in a freeport zone; proximity to major infrastructure developments such as the expansion of the Clark international airport, NLEx-SLEx Connector Road, Subic-Clark Cargo Railway and PNR North Railway; and access to young and highly skilled talents.
“We are excited to welcome DataLand as partner in realizing our vision for Clark Global City, which is integral to the development of the country’s next big metropolis that could further drive economic growth throughout the archipelago,” GGDC chairman Dennis A. Uy said.
With a buildable area of more than 109 hectares, CGC will host top-grade office buildings, up-market retail outlets, contemporary academic centers, sports centers, an urban park, an iconic tower, in integrated resort and casino, and modern support services and amenities.
CGC was previously envisioned as an aviation-focused logistics park exclusively developed by GGDC.
When it took over in 2017, the Udenna Group renewed the lease agreement over the estate to run until 2085 and amended the master plan to develop the leasehold as a central business district, maximizing allowable building heights and floor area ratios, opening additional access points, right-sizing the lots to the needs of the market and welcoming local partners in developing the area.
GGDC has since signed a sublease agreement with SM Prime Holdings, Inc. and a memorandum of agreement with Century Properties Group, Inc. for a joint venture.
“We want Clark Global City to serve as a platform for other property developers to not only take a piece of the action in Clark, but also foster economic growth and development beyond the traditional business districts,” Uy said.
