P1-B Davao Finance Center to rise in Davao Park District
DAVAO CITY, Philippines, May 29, 2014 – A new iconic landmark in Davao is rising. Megaworld, the country’s leading real estate developer, is constructing a 15-storey office tower at the Davao Park District, the city’s first master planned central business district, as part of the first phase of the township’s office development.
The tower will stand right at the corner of Dakudao Avenue and Megaworld Avenue, which will become the township’s main artery passing through the commercial, office, and residential areas.
Due for completion by 2016, the first phase of the Davao Finance Center will be able to generate around 8,000 jobs.
Megaworld is allocating P1-billion to develop the state-of-the-art office tower. Construction will commence early next year.
“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 (IT-BPO) in Mindanao. The Davao Finance Center will mirror Davao City’s booming economy,” says Jericho P. Go, senior vice president, Megaworld.