MANILA, Philippines - Andrew Tan-led property developer Megaworld Corp. is going full blast with its P25-billion Iloilo Business Park project in Mandurriao, Iloilo City.
|An artist's view of the BPO offices at Megaworld's Iloilo Business Park. Photo courtesy of Megaworld
The 54-hectare mixed-use development will have a Megaworld Center Mall, Festive Walk, Marriott Courtyard Hotel, Richmonde Hotel and Iloilo Convention Center. These are are all expected to be ready by 2015.
"As we extend our 'live-work-play' formula to Iloilo, we're expecting a breakthrough in Western Visayas' in terms of business and tourism, which will be brought forth by the world-class developments that Megaworld has always been known for," said Jericho Go, Megaworld's Vice
President for Business Leasing and Development Group.
Megaworld has successfully executed its "live-work-play" concept for its other projects such as Eastwood City, Forbestown Center, McKinley Hill, and Newport City.
Megaworld is setting aside a 9.7 hectare lot for the boutique hotel and commercial district.
"We've been talking to lots of interested business owners who want to operate within this exciting new district of the township. This is going to be exclusive only to the privileged few," said Maricor Manlangit, Megaworld's First Vice President for Strategic Planning.
The Iloilo Convention Center will be a joint venture between Megaworld and the provincial government. Funds for the project will be sourced from Senator Franklin M. Drilon's annual priority development assistance fund, the Department of Tourism and Tourism Infrastracture and the Enterprise Zone Authority.