ILOÍLO | Iloílo Business Park - Megaworld [mix|u/c]

[nguwerng]

Originally Posted by habagatcentral1

Anyway, here is the official press release of Megaworld. There would be a lot of talks about this later as Chymera, Ken, Whyte and Junnjunn were there too...



Megaworld starts Iloilo Business Park project

Megaworld Corporation, the country’s #1 residential condominium and business process outsourcing (BPO) office developer, is set to break ground today, May 6, on its Iloilo Business

Park project.
The company is setting aside P2.5 billion initially over the next two years to develop the road network within the 54.5-hectare IT park and for the construction of Richmonde Hotel Iloilo and Richmonde Tower plus two more BPO office towers within this time frame. The first retail component of the project, Festive Walk, will be completed in the latter part of 2012, after which Megaworld is set to invest more to bankroll the development until 2020.

The site of the project is the former Iloilo Airport, which Megaworld acquired from the National Government in 2007 for P1.2 billion in cash.

“With our groundbreaking rites today, we affirm the strong business prospects of Iloilo City and the Western Visayas region in particular. The Iloilo Business Park is an important component of the BPO triangle I am envisioning that will make the Philippines an exciting and thriving BPO destination worldwide,” noted Megaworld Chairman and CEO Andrew Tan.

“The Iloilo Business Park marks the second leg of our BPO triangle after our two cyberparks in Metro Manila, with the final leg to be launched in the next few years. Together, these will give BPO investors strong prospects not just based on location but the human resource component as well. Early on, we decided to launch our BPO presence here considering that Ilonggos naturally have a pleasant vocal tone, are highly educated and are very hardworking,” the business tycoon continued.

The groundbreaking ceremonies for Richmonde Hotel Iloilo and Richmonde Tower mark the first projects to be started within the Iloilo Business Park. The 12-story hotel will host 90 guest rooms, ranging from superior rooms to junior suites. Its seventh-level amenities deck features play amenities such as a lap pool, children’s pool and fitness center, while the business center on the same level will include meeting rooms and a conference room. Richmonde Hotel Iloilo is the third project of Megaworld under this hotel brand. The hotel is projected to serve businessmen and tourists who flock annually to witness Iloilo City’s historic and colorful festivals.

The Richmonde Tower will occupy the second to sixth floors of the hotel, offering more than 9,000 square meters of prime office space for BPO locators. Both projects are slated for completion within the next two years.

Since the Iloilo Business Park was granted a certification by the Philippine Economic Zone Authority as an information technology (IT) park in January 2010, BPO locators at Richmonde

Tower will be entitled to exclusive perks such as income tax holidays, duty-free importation of office equipment and repatriation of earnings, among others.

At 54.5 hectares, Iloilo Business Park is the largest IT park yet of publicly-listed Megaworld Corporation, the country’s #1 business process outsourcing (BPO) office landlord. The master plan for the entire community includes hotels, BPO office towers, a convention center, a skills training center and retail components. With its premium brands, affordable boutiques and al fresco dining areas for restaurants, the two-kilometer retail and dining strip of Festive Walk is expected to become the next hip hangout for Iloilo’s youth and a vital tourist spot.

With its strong Work-Play-Learn components, Megaworld is projecting that Iloilo Business Park will fill more than 24,000 seats for the BPO sector, whereas its retail component will infuse more than 200,000 square meters of space for the commercial sector. All in all, Megaworld expects to help create about 40,000 new jobs within Iloilo City, thus helping spur up the local economy.

Repost from Iloilo City and Province Thread

[nguwerng]

Originally Posted by zynet

By zynet at 2011-05-05

From Iloilo City and Province Thread

[mAiNsTrEaMhunter]

WOW! ganda naman ng business park nyo!
Congrats Iloilo! buhay na buhay talaga ang developments sa Visayas!

[nguwerng]

Originally Posted by whyte

I'm back. despite the rains, the groundbreaking ceremonies pushed through kaina. the PRs say it all, it's a 25 billion project that will start today and we might be able to see it by December 2012 with the richmonde hotel

thanks to bernie for facilitating our invites today

From Iloilo City and Province Thread

[nguwerng]

Originally Posted by mAiNsTrEaMhunter

WOW! ganda naman ng business park nyo!
Congrats Iloilo! buhay na buhay talaga ang developments sa Visayas!

I've been to Cebu and stayed for about 6 months...really like the place,so many to see and to go to...I really wish we could have a mall like your Ayala Center Cebu here in Iloilo..

[mAiNsTrEaMhunter]

hindi malayong mangyari yan sir lalong lalo ngayon na dumarami na ang devts dyan! nagtataka nga ako bat Cebu lang merong ayala mall eh dapat talaga meron din sa Iloilo!

btw, thanks sir! really happy for Iloilo!

[rodincouch]

Ka gwapo ug ka gara gid!

[Silay_89]

actually yan ang Richmonde tower ang 2nd-6th floors BPO offices ina eh, ang 90 rooms sa ibabaw pang businessman hotel lang , base sa map, plan nila ang isa ka hotel ang Le Grande Richmonde hotel sa tupad ya amo gid na ang pinaka hotel nila nga may convention center 5000 capacity

[Sleepwalker]

And finally, the renderings!

Congrats, Iloilo!

[nguwerng]

Originally Posted by mAiNsTrEaMhunter

hindi malayong mangyari yan sir lalong lalo ngayon na dumarami na ang devts dyan! nagtataka nga ako bat Cebu lang merong ayala mall eh dapat talaga meron din sa Iloilo!

btw, thanks sir! really happy for Iloilo!

Sir, Natalo ang Ayala sa bidding ng airport property...
Ang devt ng ayala sa iloilo ngaun ang Avida (residential subdv) at
Ayala Tech Hub (3 buildings for BPO) sa Smallville complex - isa p lang nagawa
Iloilo needs a new mall na, at sana Ayala magpatayo....paubos n din ang space SMcity Iloilo

[IMPRESARIO]

i don't think Ayala even entered in the bidding in 2007.

[Jimbu]

Originally Posted by rodincouch

Ka gwapo ug ka gara gid!

beautiful glassy structure. congrats IloIlo

[angelkirk89]

Excited for

Richmonde Hotel and Tower
Le Grande Richmonde Hotel
Festive Walk
BPO Buildings and more...

[nguwerng]

Originally Posted by IMPRESARIO

i don't think Ayala even entered in the bidding in 2007.

I stand corrected..
how come, they were not able to join?

[Silay_89]

Originally Posted by nguwerng

I've been to Cebu and stayed for about 6 months...really like the place,so many to see and to go to...I really wish we could have a mall like your Ayala Center Cebu here in Iloilo..

actually last year di bala may rumors HH nag guluha sa PM na ang Ayala, may plan mag bakal sa Megaworld property sang 3 hectares, para sa mall, pero rumors kag HH lang anay hasta wala pa confirmation sa Ayala..wait and see lang anay, kon ano na ibang locators ang magsulod pa maliban sa investment sang megaworld.. may mga dalagku na locators na gin pang invite ang megaworld para mag invest dira pareho sa PGH hospital etc

[mAiNsTrEaMhunter]

Originally Posted by nguwerng

Sir, Natalo ang Ayala sa bidding ng airport property...
Ang devt ng ayala sa iloilo ngaun ang Avida (residential subdv) at
Ayala Tech Hub (3 buildings for BPO) sa Smallville complex - isa p lang nagawa
Iloilo needs a new mall na, at sana Ayala magpatayo....paubos n din ang space SMcity Iloilo

oo unti-unti ng pumapasok ang Ayala diba. baka sunod nyan is Ayala Mall na talaga!

[nguwerng]

Originally Posted by habagatcentral1

Photos from Mia Reyes of Ilonggos.net








Megaworld First VP Jericho Go


Big Man (ey, is that Boy Mejo behind? Hehe!)


Mayor Jed


Mayor Jed Mabilog presenting the key to the city to Kevin Tan















more photos to come from other correspondents.

repost from Iloilo City and Province Thread

[angelkirk89]

I think Richmonde Hotel deserves a separate thread. suggestion lang...di ko galing kabalo mag himo...

[Silay_89]

OT pero isa man sa gina hulat hulat ko ang pag develop sang megaworld kag Fil estate sang 150 hectares lapit sa New Iloilo airport sa Sta Barbarra Iloilo..kutob ko mas daku pa ini sa Iloilo Business park sa old airport

Fil-Estate, Megaworld form joint venture
By Elizabeth Sanchez-Lacson
Inquirer



Publicly listed Fil-Estate Land Inc. has teamed up with property giant Megaworld Corp. to undertake two major projects in the provinces of Batangas and Iloilo.

Fil-Estate Land chairman Robert John Sobrepeña said the first joint venture involved the development of a residential resort community dubbed Twin Lakes at Taal Ridge in Laurel town in Batangas, outside Manila.

The 731-hectare project is expected to rake in roughly P40 billion in revenues over a development period of eight to 10 years. The first phase, which will consist of a golf course, land development and basic utilities, is estimated to cost at least P1 billion.

Sobrepeña said the due-diligence audit on the property owned by Fil-Estate in Taal Ridge has been completed and both parties were in the process of transferring assets to a joint-venture corporation -- Twin Lakes Taal Ridge Corp.

Megaworld and Fil-Estate have put in P2 billion in assets -- P1 billion worth of land (from Fil-Estate) and P1 billion in cash (from Megaworld) -- in Taal Ridge Corp. The joint-venture company may also issue P3 billion worth of preferred shares in the future to raise the same amount of funds to spend for the development of the project.

Megaworld and Fil-Estate have also agreed to team up in the 150-hectare, mixed-used development called Sta. Barbara in Iloilo, in the central Philippines, near a newly opened airport.

The first phase of the project, which will consist of a golf course and subdivision, will cost roughly P150 million to develop. Other phases of the project will include condominium-hotels, a cyberpark and other high-rise developments.

Fil-Estate Land meanwhile, through its unit Fil-Estate Properties, has also signed an agreement with Woolim Construction Co. Ltd., a top developer and construction firm in Korea, to jointly develop the Renaissance 5000 tower at the Fil-Estate headquarters at the Renaissance Center in Pasig City.

The Renaissance 5000, estimated to cost P1.4 billion, is a 24-story condominium building, the fourth to be built at the Renaissance Center.

source: The Philippine Daily Inquire

[Silay_89]

so kon obserbahan naton, daw puro pang business lang ( commercial, retail hotels etc ang itukod sang megaworld sa old Iloilo Airport Iloilo Business park, pero ang sa Sta barbarra Iloilo daw may mga condominium projects sila subdivision kag iban pa nga mga high rise developments..hmmmm..daw mayo ah