The AeroPark Campus will soon rise in the logistics and services hub of the Clark Freeport Zone.
This as the Global Gateway Development Corporation (GGDC) put into motion the establishment of two office buildings in the Global Gateway Logistics City (GGLC) comprising 45,000 square meters of Grade A office space and 9,000 sqm of retail space.
GGDC CEO Mark Williams led the topping off ceremony for One West and Two West office buildings on Tuesday which represents the first phase of the multi-million dollar AeroPark Campus in the 177-hectare Global Gateway Logistics City.
“With the addition of new high-quality office space located in a well-designed master planned precinct within the Clark Freeport Zone and directly adjacent to the Clark International Airport, we foresee the Clark Freeport Zone emerging as a new office and logistics hub for the Philippines,” Williams said.
Williams said the two new buildings are LEED pre-certified gold, with a target to become platinum, as they were constructed to international green standards. LEED refers to the Leadership in Energy and Environment Design (LEED) international green building rating system.
“The two buildings offer 45,000 sqm of Grade A Office Space and 9,000 sqm of retail space which will be available by May 2017,” Williams said.
GGDC is the same company that built The Medical City Clark—a 173-bed world-class medical center and the first locator in GGLC, a master-planned mixed-use aerotropolis that is the first of its kind in the country.
GGDC was originally founded by The Port Fund, a private equity fund managed by Kuwait firm KGL Investment Company (KGLI) whose investors largely consist of the shareholders of government entities of Kuwait and other GCC countries.
Williams said three more buildings will rise in 2017 at the Aeropark Campus, located just across The Medical City Clark. The five office buildings will be interconnected by walkways at the second floor, allowing for traffic-free pedestrian movement. Each building in the campus will have 2 floors of retail space meant to service inhabitants of the new city. The five office towers in the AeroPark Campus will have a combined gross floor area of 142,000 square meters.
AeroPark Campus is a part of GGLC, a 177-hectare fully master planned logistics and business center of excellence that will have 5.8 million square meters of floor space, once it is fully developed.
The project, directly adjacent to Clark International Airport, boasts of superior, world-class infrastructure constructed to internationally recognized standards and quality underground infrastructure (including pressurized water systems, electrical, telecommunications and fiber optic cabling, and oversized storm water drainage systems) that is unique in the country.
“At full buildout, the City will create over 300,000 jobs translating to over US$600 million in annual payroll,” Williams said.
Officials of GGDC, Clark Development Corporation, Clark International Airport Corporation, Angeles City and Pampanga province as well as business leaders and representatives of global investment companies are expected to attend the topping-off ceremony.
Williams said the topping-off ceremony manifests GGDC’s commitment to the full development of GGLC, which is envisioned to become the most modern city in Southeast Asia.
GGDC plans to transform GGLC into a state-of-the-art commercial and logistics aerotropolis built to the highest environment standards. GGDC has a lease on the property for a period of 50 years, with an option to renew for 25 years.