Demand rises for office projects in BGC’s outlying Kalayaan area
As early as three years before project completion, office floors in prime Bonifacio Global City projects set for turnover in 2022 have already been leased out by eager tenants. Pre-commitments like this and a vibrant residential, retail, and restaurant scene are firm indicators of the Taguig business district’s sustained appeal.
One of them is GSC Corporate Tower which is drawing interest from professional services firms, medium and large firms, co-working spaces, and multinationals.
The 15-story Grade A building is one of only four BGC office projects set for completion in 2020. It topped off last Oct. 10 and will be ready for occupancy in the first quarter of 2020. It is along Triangle Drive in the area near Kalayaan Avenue.
Despite the rise of other business districts in Metro Manila, BGC remains as one of the metropolis’ top business destinations, according to Miguel Manipol, associate director of real estate services firm Leechiu Property Consultants. Its strategic location and world-class master planning make it attractive to all businesses.
BGC boasts of a vibrant livework-play community that is active up to the wee hours of the day. In addition to BGC’s city center which offers the broadest range of dining, retail, and entertainment choices in the country, Triangle Drive near Kalayaan Avenue where GSC Corporate Tower is located, also has a lively retail and restaurant scene.
In 2020, quicker access to and from BGC will be available through a new four-lane bridge set for completion by June next year. Through the BGC-Ortigas Center Link, the drive from BGC’s Eighth Avenue to Ortigas Center via Sta. Monica Street in Kapitolyo, Pasig is estimated to only be 12 minutes.
Given all these developments, Yeli Camus, senior manager of Leechiu Property Consultants, expects spaces in GSC Corporate Tower to lease out quickly. It will offer a gross leasable area of just under 12,000 sqm and a typical floor plate of 1,300 sqm.
GSC’s high three-meter ceiling height will also offer natural light to occupiers through an all-glass façade.