Business News

Four 21-storey towers in Megaworld Davao project

davao-megaworlds-finance-center-completed-2016MEGAWORLD president Jericho Go (3rd from right), head of PR and communications Harold Geronimo (left), and Suntrust Properties Inc. president Harrison Paltongan (2nd from left) show the perspective of the company’s One Lakeshore Drive project. (King Rodriguez)


Property giant Megaworld is building not one but four 21-storey residential condominiums in its 11-hectare Davao Park District in Lanang in Davao City,

Megaworld subsidiary Suntrust Properties Inc., will start  construction in 2016 of the One Lakeshore Drive, the four-tower residential component of DPD.

Each of the towers will have 355 units, said Harrison M. Paltongan of Suntrust Properties.

Megaworld is also set to start the construction this year of the P1.2-billion 16-storey steel and glass Davao Finance Center (DFC) in the Davao Park District in Davao City’s fastest growing business district.

Megaworld senior vice president Jericho P. Go and Suntrust’s Paltongan bared the developments in Megaworld’s first township in Mindanao, during a recent  press briefing at Marco Polo Hotel Davao.

     The DFC is touted as Mindanao’s first world class facility for business process outsourcing (BPO) industry.

     Go said locators are now prepping up for the completion of the DFC.

“We are talking to several locators, a combination of existing tenants already in Davao City and those that we have in our townships,” Go told media.

Once completed, the tower is expected to generate about 50,000 jobs, according to Go.

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