SM PRIME HOLDINGS, Inc.’s business property arm, SM Offices, is expanding its regional footprint with the launch of The Core Tower Three office project in Sta. Rosa, Laguna.
The Core Tower Three is the 15th development by SM Offices outside Metro Manila, the corporate said in a press release on Thursday.
It forms a part of the P1.6-billion, three-tower The Core Towers project positioned throughout the SM City Sta. Rosa complex, which offers greater than 27,000 square meters of office space to the South Luzon market.
With the launch, SM Offices said its total leasable footprint has grown to over 1 million square meters, with greater than a fifth positioned in key regional growth corridors.
“The Core Towers reflects the growing demand for future-ready office spaces in regional growth centers like Sta. Rosa,” SM Prime Vice-President and SM Offices Head Alexis L. Ortiga said.
“We’re seeing sustained interest from corporations searching for scalable locations that mix operational efficiency with strong local talent pools,” he added.
Each tower is provided with 100% backup power, modern constructing systems, and direct connectivity to the South Luzon Expressway, Cavite-Laguna Expressway, and the Old National Highway.
The event offers flexible fit-out options, 24/7 constructing management, and high-speed telecom connectivity. Tenants even have access to retail, dining, and public transit options throughout the mall complex.
SM Offices said the project is designed to serve a growing base of business process outsourcing (BPO), technology, and skilled services firms searching for workspaces in Calabarzon.
Leasing activity is ongoing, with several firms already in operation, the corporate said.
The Core Towers project is anticipated to generate over 6,000 local jobs through tenant operations and constructing services.
The project was designed by Architect Albert Yu of ASYA Design Partner, an architectural firm with projects in major Philippine cities and key markets in China, including Shanghai, Chengdu, and Suzhou.
SM Prime earlier said it had allocated P6 billion this 12 months to develop latest office towers and workspaces, including the Six E-Com Center within the Mall of Asia Complex.
On Thursday, SM Prime shares rose by 1.83% or 45 centavos to P25.05 apiece. — Revin Mikhael D. Ochave