(10 May 2012. Mall of Asia Complex, Pasay City, Philippines) The commercial properties group of SM Land Inc., the property development arm of SM Investments Corporation, broke ground for ThreeE-comCenter yesterday. The building is the third installment of a four-structure premier business hub in Mall of Asia Complex (MOAC) in Pasay City.
Following the completion of uniquely designed TwoE-com Center, ThreeE-comCenter will likewise feature an iconic architecture designed by Miami-based firm Arquitectonica, with FS Lim & Associates as the local architect. The 15-level office building will have a gross floor area (GFA) of over 125,000 sqm and an estimated gross leasable area (GLA) of 79,000 sqm. Typical floor plates are at 6,800 sqm—still one of the most expansive in the local office leasing market. ThreeE-com will also feature a mixed-use component on its fourth level podium. SM Land aims to complete the project by the fourth quarter of 2014.
David Rafael, SM Land senior vice president and head of the Commercial Properties Group. “We have designed and developed our office buildings with a continuing sensitivity and genuine understanding of this target market. Our value proposition strongly remains to be value-for-money office solutions with the functionality and prestige of a central business district address.”
SM Land has successfully captured a substantial share of BPO businesses with its OneE-comCenter and TwoE-comCenter developments in Mall of Asia Complex. SM Land has also developed build-to-suit BPO offices such as the two SM Cyber Makati buildings along Sen. Gil Puyat Avenue, and the SM Cyber Baguio.
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For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. 857-0117
Date: Thursday, May 10, 2012