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[ Cebu ] Developer improves business park


Sunday, February 28, 2010 [ sunstar.com.ph ]

By Katlene O. Cacho

A CEBU-based property development and leasing company will build another facility in its business park to further attract potential tenants and markets.

“The move of enhancing the Oakridge Business Park by putting up a commercial building will further strengthen the business operation as this will cater to the business tenants and to the public as well,” said Edmun Liu, chief executive officer of Oakridge Realty Development Corporation during the groundbreaking ceremony held last Friday.

The Oak Tree Drive, is a commercial facility that has 628 square-meter leasable space. Liu said the facility can house three tenants. The company, he added, is currently on negotiations with certain outlets and chains that have shown interest in renting the commercial space.

Oakridge Realty Development Corp. is the developer of Oakridge Business Park, a three-hectare property located on A.S. Fortuna Street in Banilad.

Aside from putting up a facility, Liu said they will also widen and enhance the entrance of the business park with a “green theme” to make it more attractive to potential tenants.

Oakridge Business has a total leasable area of 18,000 square meters with already 90 percent occupancy.

“We are also in the preliminary stages of negotiations of potential tenants who wish to occupy the remaining spaces of the building,” he said.

Published in the Sun.Star Cebu newspaper on March 1, 2010.

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