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Megaworld to open ‘township’ in Mactan

Posted on February 19, 2013 10:15:22 PM [ BusinessWorld Online ]
CEBU CITY -- Megaworld Corp. will inaugurate its mixed-use township development in Cebu and break ground for a second business process outsourcing (BPO) building within the complex today.
Jericho Go, Megaworld first vice-president, said the firm had invited President Benigno S. C. Aquino III, who arrived in Cebu last night for the Visayas campaign sortie of the administration coalition.
The 16-hectare township on Mactan island, called Mactan Newtown, offers the same “live-work-play” concept that Megaworld introduced in Eastwood City, Mr. Go said. The township has BPO buildings, a residential component and retail outlets.
One World Center, a five-story BPO building, has been fully leased out.
Among the tenants that will open this year are EnfraUSA and Results Manila, Mr. Go said.
“We expect close to 2,000 employes to fill up One World Center’s facilities once the tenants start operating,” he added.
Groundbreaking ceremonies for Two World Center will also be held today in answer to the demand for more office spaces at the township.
It will have a bigger floor area of 7,500 square meters compared with the first building’s 6,000 square meters.
Mr. Go, meanwhile, said all residential units of the first 15-storey residential condominium building within the township have been sold to Japanese buyers.
Three more 15-storey residential buildings will comprise Eight Newtown Boulevard, which is expected to be completed in two to three years. The lower levels of these residential buildings will also be used for retail outlets and additional BPO spaces. -- Marlen D. Limpag
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