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Megaworld to sell office spaces in Cavite township

[ bworldonline.com ]
MAPLE GROVE is envisioned as a “green” central business district in General Trias, Cavite. — MEGAWORLD
MEGAWORLD Corp. expects to generate P1.5 billion from the sale of office spaces at a building within its Maple Grove township in General Trias, Cavite.

In a statement on Monday, the listed property developer said it is selling 93 office units at the 17-storey One Corporate Place. Units, which are sized from 63 square meters (sq.m.) to 281 sq.m., can cater to business process outsourcing (BPO) companies, and small and medium enterprises (SME).

“Maple Grove’s rising business district in this side of Cavite allows companies to thrive and grow their businesses in a green and sustainable community where everything is integrated and within reach. The entire development itself, as in any other townships that we’ve already built, will be walkable from one office tower to another, or to the mall, residential towers and parks that we will build around the community,” Mary Rachelle I. PeƱaflorida, vice-president for sales and marketing of Megaworld, was quoted as saying.

Megaworld is developing the 140-hectare Maple Grove township as Cavite’s “green” central business district.

Ms. PeƱaflorida noted rental prices in the area are projected to rise as more buildings sprout up in Maple Grove.

“Owning an office space in Maple Grove would be a wise move especially that General Trias is now fast becoming a key growth area of Cavite. In five years, we expect rental prices to go up as more developments rise within the township,” she said.

One Corporate Plaza has its own Building Management System (BMS), 24-hour security and fire command center, seismic detection and monitoring system, stand-by generators for full back-up for power, fire security system, water reservoir with separate water tanks in case of fire, and a 24-hour closed-circuit television (CCTV) monitoring system. The building is also fiber optic ready.

The building will use light-emitting diode (LED) lights in common areas, and dual-flush types for common restrooms. It also has its own materials recovery facility for waste segregation and recycling.

Last October 2018, Megaworld launched The Verdin at the Maple Grove, its first 10-storey residential condominium inside the township. It also unveiled plans for Maple Grove Commercial District, a 35-hectare “Makati-inspired” business district.

Maple Grove will also have its own lifestyle mall, commercial centers, and office towers.
The property developer reported an 11% rise in attributable profit to P9.98 billion during the first nine months of 2018, driven by a 5% jump in consolidated revenues to P37.1 billion. — Vincent Mariel P. Galang
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