Iloilo Business Park: Difference between revisions

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Iloilo Business Park is a 72-hectare (180-acre) (54 hectares + 18 hectares)^[1] mixed-use master-planned community development in Mandurriao, Iloilo City, Philippines by Megaworld Corporation. It is located on the property of the former Iloilo Airport which Megaworld Corporation acquired for 1.2 billion pesos from the national government.^[2] Megaworld is projected to pour in P25 billion for the entire development in a span of years.^[3] It is an integrated township project that will feature a commercial district, a lifestyle mall, office buildings catering to business process outsourcing firms, boutique and deluxe hotels, and a convention center.^[4]

Initial development includes construction of a the road network, the 12-storey Richmonde Hotel Iloilo and Richmonde Tower, Festive Walk, Two Business Process Outsourcing office buildings. The IT complex has been certified as an information technology park by the Philippine Economic Zone Authority (PEZA), granting locators perks such as tax holidays and duty-free importation of equipment among others.^[5]

Megaworld is setting aside a 9.7-hectare lot for the boutique hotel and commercial district which is being offered to interested business owners.^[6]

Iloilo Business Park increased by an additional 18 hectares, bringing the project to roughly 72 hectares from its initial 54.5 hectare-size. This is due to the increasing demand for residential and commercial properties and good reception to Megaworld's first development in the region^[7] and biggest township in the Visayas, modeled after the live-work-play approach that it claims to have pioneered in the Philippine.^[8]

A six-lane highway will serve as the main artery running through the entire length of the property.

Initially, 2 five storey buildings will be constructed for Business Processing Outsourcing (BPO) and commercial purposes. Iloilo Richmonde Tower will have the second to sixth floors of around 9,000 square meters for prime office use.

Richmonde Hotel Iloilo will occupy the ground floor and 7th to 12th floors of the Iloilo Richmonde Tower. It will host 90 guest rooms and cater to businessmen and tourists. It will have play amenities such as a lap pool, children’s pool and fitness center, while the business center will include meeting rooms and a conference room. Marriott Courtyard Hotel will also be put up by international hotel brand Marriot.

The Megaworld Center Mall will be the first stand alone Lifestyle mall by Megaworld outside of Metro Manila and first upscale mall in Iloilo. It will have 4 levels that would house shops, restaurants, state-of the art facilities including cinemas and event centers.^[9] The Festive Walk, an outdoor mall strip 2 kilometers in total length,^[2] which will be the longest shopping and dining strip in the Philippines.

Iloilo Convention Center, a state-of-the-art convention center will be built on a 1.7-hectare of lot in the district of Mandurriao donated by the Megaworld Corp.^[10] It will be funded by the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) and the Priority Development Assistance Fund (PDAF) of Senator Franklin Drilon.

• Official website
• http://www.megaworldcorp.com/Projects/Office.aspx