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4th Skyrise building to fill office space demand in Cebu

[ ] September 20, 2010
Filipino firm Skyrise Realty & Development Corp. (SRDC) is expanding its IT facilities at the Asia Town IT Park in Cebu.
With an investment of P105.17 million, SRDC is putting up Skyrise 4, so-called as it is its fourth building in the Ayala-owned ecozone. Skyrise 1 and 2 are fully occupied while Skyrise 3 is 85 percent occupied due to high demand for IT office space.
The Philippine Economic Zone Authority (PEZA) which recently approved SRDC’s Skyrise 4 said the company first registered with PEZA as an economic zone IT facilities enterprise in December 2004 with Skyrise 1.
Skyrise buildings currently host 10 PEZA-registered IT enterprises which occupies 95 percent of the combined leasable area of the three buildings.
PEZA said demand for office spaces in the area continues to grow as occupants of Skyrise 1, 2 and 3 signified intention to locate inside the proposed Skyrise 4 for their IT expansion projects.
PEZA said site preparation and development are underway for Skyrise 4. Construction of the building was scheduled mid-September this year and is expected to be ready for occupancy on September 2011.
Skyrise 4 has a gross floor area of 15,546.67 square meters.

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