LG, Shang Grand Tower ink condo deal

LG Electronics (LG), the global leader and technology innovator in consumer electronics, home appliances and mobile communications, has inked accord with The Shang Grand Tower Corporation (TSGTC) to provide commercial air conditioning units for the highest residential condominium to rise in the country, the St. Francis Shangri-La Place in Mandaluyong City.

“LG Electronics has experienced much success and growth in delivering and supplying air conditioning technology in the Philippines in the past years,” said Jeff Hong, president and CEO of LG Electronics Philippines. “Our agreement with TSGTC allows us the opportunity to further solidify our position as one of the world’s largest suppliers of commercial and residential air conditioning units.”

Set to rise at the heart of Ortigas, the 60-storey twin towers will be provided with MULTI-V Commercial Air Conditioners. LG, specifically, will supply the Multi V Plus II, one of the world’s highest capacity units, designed especially for high-rise buildings.

LG MULTI-V series pursue the market needs of outstanding energy efficiency and environmental friendliness, the perfect match to accentuate the grand tower. “We’re proud to say that the system will ensure the highest level of customer satisfaction,” said Hong.

“The St. Francis Shangri- La Place will not only be the tallest condominium project in the country, but will set the standards for comfort, exclusivity and luxury living,” said Atty. Andy Bautista, president of Shang Properties. “We’re pleased to engage LG Electronics to deliver this promise. LG Electronics has demonstrated true brand appeal and product leadership across multiple consumer electronics categories, especially on commercial air conditioning.”

A project of world-class real estate and hotel developer, The Kuok Group, The St. Francis Shangri-La Place is strategically located at the heart of the bustling Ortigas district. Its prime location gives unit owners’ access to an integrated community that includes the EDSA Shangri-La Hotel (with its newly opened Chi Spa) and the Shangri - La Plaza Mall, with its wide range of upscale shopping choices, entertainment venues, and dining options. The project will top-off this June, and turnover is set for 2009.