By Richmond Mercurio (The Philippine
Star) | Updated March 19, 2015 - 12:00am
MANILA, Philippines - Avida Land, the
mid-market brand of property powerhouse Ayala Land Inc., is following up the
success of its maiden venture into office spaces with a new P4.4-billion office
development to rise in Bonifacio Global City.
Avida Land said it is gearing up to
break ground for its second office project in its portfolio, Capital House,
next month.
Instead of traditional office tower
which caters mostly to the business process outsourcing (BPO) sector, Capital
House will be a 26-story boutique office building targeting small and medium
enterprises.
“The offices available in this market
(BGC) mostly cater to BPOs and multinationals.
Most offices here typically offer units with modal of 250 square meters.
Capital House offers the right fit for SMEs, professional firms and those
looking to have satellite offices with a BGC address,” said Pol Tanco, Avida
Land project and strategic management group head.
Tanco said the project is expected to
be completed by December 2017 and set for turnover by the second quarter of
2018.
Capital House will be situated near
activity centers such as Turf BGC all-weather football field, Flying Trapeze
PH, Active Park and the upcoming BGC Sports Complex and Kidzania.
Avida Land’s five residential
offerings and its first office project are also located near the Capital House.
The ALI unit said design firms, ad
agencies, holding companies, and front end offices of manufacturing and trading
offices have already reserved their office spaces in the upcoming building.
The office units in Capital House will
be for sale at prices ranging from P9.9 million to P25.6 million.
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