Updates: Iloilo Business Park, 7 Eleven, Reed Elsevier & More

Now that initial buildings at the Iloilo Business Park township by Megaworld Corporation have either finished construction or are near completion, more businesses planning to put up shop or offices are starting to make their presence known. In 2014, we’ve seen the opening of McDonalds along Megaworld Boulevard, the entry of StarTek in Iloilo, and fast-paced construction activities at the Iloilo Business Park. Expect even more exciting developments to come this year as business activities start to fill up the township development and Iloilo’s hosting of important APEC meetings scheduled on the second half of 2015 draws near.

Here are photo updates of the Iloilo Business Park taken during the start of 2015:

Reed Elsevier Opens Iloilo Site

Reed Elsevier, a multinational shared services company, had inaugurated its new Iloilo branch at the Richmonde Tower on January 6, 2014. Co-headquartered in London and Amsterdam, Reed Elsevier is a publishing and information company that operates in the science, medical, legal, risk, marketing, financial, and business sectors. According to Reed Elsevier Philippines, the company is currently hiring for their Iloilo site.

12-storey Richmonde Hotel Iloilo and Tower building.

Close up of Reed Elsevier logo at Richmonde Tower.

7 Eleven at Iloilo Business Park

7 Eleven soon to open along Megaworld Boulevard.

7 Eleven’s upcoming store facing the south-side of Megaworld Boulevard.

Ongoing Construction at Iloilo Business Park

Three office buildings have been completed or are near completion — One Global Center, Two Global Center (Startek Tower), and Richmonde Tower. Two additional towers, One Techno Place and Two Techno Place, have already begun construction beside Two Global Center. Megaworld had earlier announced that it will be building 10 office towers by 2021 generating a total of 100,000 square meters of office space and 30,000 jobs in the Information Technology-Business Process Outsourcing (IT-BPO) sector.

The Richmonde Hotel Iloilo and Iloilo Convention Center (under-construction) is scheduled to be completed before the APEC 2015 meetings in Iloilo, which will start on September. The 15-storey international brand hotel, Courtyard by Marriott Hotel, under construction beside the Iloilo Convention Center has now  risen to its 14-floor. It is expected to finish construction by the end of the year.

Two shopping and lifestyle centers are currently under construction — Megaworld Center Mall (4-storey mall) and Festive Walk (1.1-kilometer commercial and retail strip).

L-R: One Global Center, Richmonde Hotel Iloilo and Tower.

L-R: One Global Center, Richmonde Hotel Iloilo and Tower, Megaworld Center Mall.

L-R: One Global Center, Richmonde Hotel Iloilo and Tower, Megaworld Center Mall.

Construction of Megaworld Center Mall

Construction of Megaworld Center Mall

L-R: Iloilo Convention Center, Richmonde Hotel Iloilo

L-R: Courtyard Hotel Iloilo by Marriott, Iloilo Convention Center, Richmonde Hotel Iloilo

L-R: Courtyard Hotel Iloilo by Marriott, Iloilo Convention Center.

L-R: Site of One Techo Place and Two Techno Place (office towers), Courtyard Hotel Iloilo by Marriott, Iloilo Convention Center, Richmonde Hotel Iloilo

Facing the north-end of Megaworld Boulevard.

Construction of the Festive Walk (dining, retail, and entertainment strip)

Land clearing at or near the area of the Boutique Hotel and Commercial District.

Condo Towers

Residential condominium units at the Palladium are currently for sale at pre-selling prices. Unit layouts range from studio to executive three bedroom lofts. This is the fifth condo tower unveiled at the Iloilo Business Park after the single-tower Lafayette Park Square and the three-tower One Madison Place.

The Palladium, a 22-storey luxury condominium tower that will feature four sky gardens skygardens in various floors overlooking the spectacular views of Iloilo City.

If you’re planning to own a condominium residence in Iloilo, now is the best time to buy. Real estate prices are excepted to increase once the BPO and hotel towers, and the Iloilo Convention Center will be completed and operational by the end of 2015. For reservation on Megaworld residential projects, visit CarleneCaratao.com.