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Megaworld to invest P45b in Fort

[ ] January 26, 2012

Megaworld Corp. is investing P45 billion into a 15-hectare integrated township district in Fort Bonifacio over the next 20 years.

The company said in a disclosure to the stock exchange the construction of the 45-story One Uptown Residence, the community’s first residential offering, was valued at P7.5 billion.

Uptown Bonifacio will feature up to 18 towers, offering a total potential development of 500,000 square meters of residential space, 400,000 square meters of office space and 90,000 square meters of retail space.

The mixed-use Uptown Bonifacio project is located in the northern district of Fort Bonifacio, extending all the way to Kalayaan Avenue, and near the British, Japanese and American international schools.

“Uptown Bonifacio, designed to be the country’s newest business district, will take Megaworld’s live-work-play lifestyle to new heights,” said Noli Hernandez, company senior vice president for marketing.

“We’re not just selling an ordinary condominium unit to our buyers. We’re giving them the opportunity to own a lifestyle that is both luxurious and convenient,” he said.

Residents also enjoy instant access to a luxury malling experience through One Uptown Residence’s basement retail strip, which serves as a connecting walkway to the three-level 33,000 square meters Uptown Place next door.

Uptown Bonifacio also hosts a four-tower 140,000 square meter, P12-billion corporate block along Megaworld Avenue, its main avenue.

Megaworld’s upcoming commercial business district development in Taguig will be constructed under the BERDE (Building for Ecologically Responsive Design Excellence) rating system. The office buildings will showcase cutting-edge architecture, double-glaze glass walls, sky gardens and a lagoon. Elaine Ramos Alanguilan

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