Megaworld to build P1.2-B Finance Center in Davao

Subscribe Now May 30, 2014 at 08:37am

Megaworld Corp. is allocating P1.2 billion to develop the Davao Finance Center in Davao City.

The company is hoping the 15-storey office tower, located in Davao Park District, will become an iconic landmark in Davao City.

Construction of the tower will start early next year and the first phase is expected to be completed by 2016.

"The iconic Davao Finance Center will be the first to rise in Davao Park District because we envision it to be a landmark for business, trade and commerce, especially for the information technology and business process outsourcing (IT-BPO) in Mindanao. The Davao Finance Center will mirror Davao City’s booming economy," Jericho P. Go, Megaworld senior vice president, said.

At least four IT-BPO companies have already expressed interest to set up operations at the Davao Finance Center. Most of these firms are first-time locators to Mindanao.

"Davao City is on the right track to become Mindanao’s IT-BPO hub. There is an abundance of highly-skilled human resource, and the existence of centers of excellence ensures that there is enough supply for highly-skilled human resource to meet the demand," Go said.

A standalone McDonald's store will be built in front of the Davao Finance Center next year.

The Davao Park District is Megaworld’s first township development in Mindanao. It will have office towers, commercial and retail strips, open parks and lagoon, and themed-residential condominiums by Suntrust Properties.


« Belito's: Davao's best-kept secret Smoking violations rise by 65% in Davao City »