Saturday, June 8, 2013

in the news: alpha/alphaland (08 jun 2013)

Ongpin’s Alphaland ventures into premium office segment

MANILA, Philippines - Ongpin-led property developer Alphaland Corp. is venturing into the premium office segment with the opening of its 34-story Alphaland Tower along Ayala Ave, estimated to generate sales proceeds worth P8 billion, a top company official said.
“The newest premium grade office building in the Makati central business district is also the only pre-certified Grade-A tower of its kind, it’s either for sale or lease. At the minimum, we’re selling or leasing one floor at a time,” said Alphaland president Mario Oreta.
He said ideal tenants for the premium office space are multinational and law firms as business process outsourcing  (BPO) firms are more price-sensitive.
Alphaland Tower, which has a gross floor area of 48,000 square meters, is divided into three zones: the 14-story low zone, the 13-storey high zone and the three-story penthouse. It also has a five-level basement parking.