DataLand, Inc. is joining a growing number of property developers taking part in transforming Clark Global City into the country’s new center of business, life and innovation.
The property development arm of DDT Konstract, Inc. and Global Gateway Development Corp. (GGDC) of the Udenna Group have advanced talks for a partnership at the latter’s 177-hectare leasehold within the Clark Freeport Zone in Mabalacat, Pampanga.
DataLand intends to build an office building, dormitel and hotel on 2.3 hectares of Clark Global City, as more companies expand north of Manila.
“We see the phenomenal growth in Clark, where there is continuous development in infrastructure that affects its economic progress,” DataLand President Andrea Marie Tamayo-Ulep said.
“We believe that a partnership with GGDC is a strategic move and we look forward to building developments that help create a progressive environment in one of the largest office markets in the Philippines.”
Clark has emerged as the second-largest office market in the Philippines amid the government’s push to transform the former military base into a modern and disaster-resilient metropolis, as part of efforts to decongest Metro Manila and spread growth across the country.
In its Real Estate Market Insights for December 2018, Leechiu Property Consultants cited Udenna’s master-planned development as the main driver of office demand in Clark and a major contributor of office supply outside Metro Manila.
Clark Global City makes an ideal destination for business with its strategic location in a freeport zone; proximity to major infrastructure developments such as the expansion of the Clark International Airport, NLEX-SLEX Connector Road, Subic-Clark Cargo Railway and PNR North Railway; and access to young and highly skilled talents.
“We are excited to welcome DataLand as partner in realizing our vision for Clark Global City, which is integral to the development of the country’s next big metropolis that could further drive economic growth throughout the archipelago,” GGDC Chairman Dennis A. Uy said.
With a buildable area of more than 109 hectares, Clark Global City will host top-grade office buildings, up-market retail outlets, contemporary academic centers, sports centers, an urban park, an iconic tower, in integrated resort and casino, and modern support services and amenities.
Clark Global City was previously envisioned as an aviation-focused logistics park exclusively developed by GGDC.
When it took over in 2017, the Udenna Group renewed the lease agreement over the estate to run until 2085 and amended the master plan to develop the leasehold as a central business district, maximizing allowable building heights and floor area ratios, opening additional access points, right-sizing the lots to the needs of the market and welcoming local partners in developing the area.
GGDC has since signed a sublease agreement with SM Prime Holdings, Inc. and a memorandum of agreement with Century Properties Group, Inc. for a joint venture.
“We want Clark Global City to serve as a platform for other property developers to not only take a piece of the action in Clark, but also foster economic growth and development beyond the traditional business districts,” Mr. Uy noted.
ABOUT GLOBAL GATEWAY DEVELOPMENT CORP.
Global Gateway Development Corp. is the owner and developer of Clark Global City. It is a wholly owned subsidiary of Udenna Development (UDEVCO) Corp., the real estate and property development arm of one of the fastest-growing holding companies in the Philippines — Udenna Corporation.
Incorporated on March 19, 2002, Udenna Corporation is at the helm of the diversified business interests of the Udenna Group in petroleum and oil through Phoenix Petroleum; shipping and logistics through Chelsea Logistics; real estate through Udenna Development; education through Enderun Colleges; and infrastructure through Udenna Infrastructure, among others.
The Udenna Group has exponentially grown for over 15 years. It successfully listed Phoenix Petroleum Philippines, Inc. and Chelsea Logistics Holdings Corp. on the Philippine Stock Exchange in 2007 and 2017, respectively.