MANILA, Philippines - Ascendas Pte Ltd, Asia’s leading developer and manager of business space, announced the official opening of ACCRALAW Tower located within E-square in Bonifacio Global City in Metro Manila. The building spearheads the diversification of Ascendas’ portfolio to offer premium office space in the Philippine Central Business District in addition to its industrial park properties. Singapore’s Foreign Minister, Mr. George Yeo, was the guest-of-honor at the opening ceremony.
Offering a total floor area of 18,400 sq meters, the 26-storey environmentally-friendly building offers features that are specifically designed to meet the needs of PEZA-registered companies involved in Business Process Outsourcing (BPO), IT, IT-enabled services, software development, call centers and telecommunication industries.
These include flexible floor plans and generous floor loading that enable customizing of work spaces, as well as an integrated business lifestyle with amenities conveniently accessible within the proximity. Ascendas will provide building management solutions to support every tenant’s business operations, including 100% power backup for companies with 24/7 operations and telecommunication facilities. Other features include a water-cooled air-conditioning system which consumes up to 35% less energy, naturally ventilated elevated carparking and energy-saving lighting; all of which results in savings for tenants of the building.
Chong Siak Ching, president and CEO of Ascendas, said: “The Philippines is one of Asia’s understated growth stories. We are pleased to have an opportunity to tap on its newest and fastest-growing business centers here in Bonifacio Global City with the development and management of Ascendas’ first office tower in the Philippines.”