Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

Clark retail-office project topped off

Clark is destined to be one of the future business growth centres of the Philippines.

This week, a new Clark retail-office complex being built by GGDC was topped off in a ceremony drawing attention to the city’s rapid upscaling.

Tipped as a potential long-term solution to Manila’s international airport congestion, linked by high-speed train to Manila’s CBD, Clark is being positioned meanwhile as a “state-of-art business and logistics city”.

“We foresee the Clark Freeport Zone emerging as a new office and logistics hub for the Philippines,” says GGDC CEO Mark Williams. “Businesses operating from the site will benefit from high-quality office space located in a well-designed, master-planned precinct within the Clark Freeport Zone with significant government incentives and connectivity to the rest of Asia.”

Clark inside

GDCC – Global Gateway Development Corporation, is constructing the Global Gateway Logistics City project. The first of two commercial buildings marking the first stage in the development was topped off this week. When complete, the towers will host 10,000 sqm of retail space beneath 47,000 sqm of grade-A office space.

GGLC is divided into four lifestyle zones consisting of Aeropark Office Campus, a CBD, Retail Center and Logistics Park. When completed the city will offer more than 6 million sqm of mixed-use development.

At the topping-off ceremony this week: From left: Noel Manankil – office of the president, officer in charge of Clark Development Corporation; Rick Santos – chairman, founder and CEO of CB Richard Ellis, Philippines; Evan McBride – chief investment officer of Global Gateway Development Corporation; Michael V Russell – president Global Gateway Development Corporation; Malcolm Lai – MD Baring Private Equity Asia; Jamie Kim – investment manager, Asia Debt Management Hong Kong; Alex Cauguiran – president and CEO Clark International Airport Corporation; Mark Williams – CEO Global Gateway Development Corporation; and Bobby Castillo – president and CEO, EEI Corporation.
At the topping-off ceremony this week: From left: Noel Manankil – office of the president, officer in charge of Clark Development Corporation; Rick Santos – chairman, founder and CEO of CB Richard Ellis, Philippines; Evan McBride – chief investment officer of Global Gateway Development Corporation; Michael V Russell – president Global Gateway Development Corporation; Malcolm Lai – MD Baring Private Equity Asia; Jamie Kim – investment manager, Asia Debt Management Hong Kong; Alex Cauguiran – president and CEO Clark International Airport Corporation; Mark Williams – CEO Global Gateway Development Corporation; and Bobby Castillo – president and CEO, EEI Corporation.

GGLC is located in the central plains of Luzon, just 60 minutes north of Metro Manila, inside the Clark Freeport Zone. The city is directly adjacent to Clark International Airport and is situated at the interchange of the North Luzon Expressway with the Subic-Clark-Tarlac Expressway, which connect Manila and the deep-water port at Subic with Central and Northern Luzon.

“We believe the Clark Freeport Zone will be the next major urban growth center of the country,” said GGDC president Michael Russell. “Pre-leasing is already in progress in advance of the much anticipated opening of our One West and Two West buildings in May 2017.

“Our West Aeropark campus provides best-practice benchmarks in urban planning and design, including abundant green spaces consisting of meticulously landscaped linear and pocket parks, further complementing the many pedestrian networks which meander through the master planned retail corridors of the campus,” he adds.

You have 7 free articles.