GGDC pumps in $350 M for Clark Aeropark Campus

Global Gateway Development Corp. (GGDC) is pumping in $ 350 million for the construction of the Aeropark Campus inside the company’s logistics center in the Clark Freeport Zone.

GGDC CEO Mark Williams said the AeroPark Campus will be a mixed-used facility within the 177-hectare Global Gateway Logistics City. Once completed, GGLC will generate more than 300,000 jobs and reinforce the status of Central Luzon as an emerging economic hotspot of the Philippines and the whole Asia.

“And it will highlight the potential of the Philippine countryside as a catch-basin of the overflowing vibrancy of Metro Manila,” Williams said.

Some $ 100 million were already infused in the project and an additional $250 million were appropriated for its completion, according to Williams.

AeroPark Campus One West and Two West towers, which are nearing completion, will add 45,000 square meters of Grade A office space and 9,000 square meter of retail space in Clark Freeport, Williams said.

The two buildings represent the first phase of the AeroPark Campus in GGLC.

“With the addition of new high-quality office space located in a well-designed master planned precinct within the Clark Freeport Zone and directly adjacent to the Clark International Airport, we foresee the Clark Freeport Zone emerging as a new office and logistics hub for the Philippines,” Williams said.

He added the two new buildings are LEED pre-certified gold, with a target to become platinum, as they were constructed to international green standards. LEED refers to the Leadership in Energy and Environment Design ( LEED) international green building rating system.

GGDC is the same company that built The Medical City Clark’s 173- bed world- class medical center and the first locator in GGLC, a masterplanned mixed-use aerotropolis, the first of its kind in the country.

GGDC was originally founded by The Port Fund, a private equity fund managed by Kuwait firm KGL Investment Co. (KGLI) whose investors largely consist of the shareholders of government entities of Kuwait and other Gulf countries.

Williams said three more buildings will rise in 2017 at the Aeropark Campus, located just across The Medical City Clark.

The five office buildings will be interconnected by walkways at the second floor, allowing for traffic-free pedestrian movement. Each building in the campus will have two floors of retail space meant to service inhabitants of the new city.

The five office towers in the AeroPark Campus will have a combined gross floor area of 142,000 square meters.

“At full buildout, GGLC will create over 300,000 jobs translating to over $600 million in annual payroll,” Williams said.