THE UDENNA GROUP of Davao-based businessman Dennis A. Uy has completed the construction of its corporate tower in Bonifacio Global City (BGC).
In a statement issued Tuesday, the group said it has topped off the 24-storey Udenna Tower, located at the corner of Rizal Drive and 4th Avenue in BGC, Taguig City. The tower has a gross floor area of 14,703 square meters (sq.m.), with a net leasable space of over 13,600 sq.m.
Seven floors will be occupied by companies under Mr. Uy’s leadership, such as Phoenix Petroleum Philippines, Inc. and Chelsea Logistics Holdings Corp.
“Udenna Tower will allow us a firmer foothold in the country’s capital region, as our businesses continue to grow into significant players in their respective industries and take on bigger roles in our national economy,” Udenna Vice-President for Corporate Affairs Adel A. Tamano was quoted as saying in a statement.
Mr. Tamano added the tower will also be more conducive for around 500 of its employees based in Metro Manila.
The tower’s six floors will be available for lease, strengthening the portfolio of property arm, Udenna Development Corp. (Udevco).
“The development illustrates the strength and potential of our real estate business — (Udevco) — to become a significant player in the sector,” Mr. Tamayo said.
Udevco is currently embarking on the development of the 177-hectare Clark Global City (CGC), located within the Clark Freeport Zone, for $6 billion. The project will be developed in 10 years, with the first phase set to start this year. — Arra B. Francia