Arca South, Ayala Land Inc.’s second business estate in Taguig is targeted to be the new business district in the south, real estate services provider Santos Knight Frank (SKF) said in a press briefing yesterday.
Monica Gonzalez, director of Occupier Strategy & Solutions said as an office location, Arca South appeals to companies as it is still a low-density area and is in close proximity to key thoroughfares.
“Arca South’s close proximity to the airport, key thoroughfares, and the residential areas of Taguig and Parañaque makes it an attractive option for occupiers,” Gonzalez said.
The estate has already 1,500 residential units turned over, data from SKF also showed.
As for the commercial segment, SKF predicts that commercial real estate activities will significantly increase over the next three years as more office spaces are introduced.
Overall, approximately 344,000 sqm of office space are anticipated to be launched between 2022 and 2025 in Arca South.
In terms of office buildings, Arca South will also have a new 14-story grade A office building called Manta Corporate Plaza, which would add 24,562 square meters of gross leasable area in the district.
Manta Corporate Plaza is developed by Manta Equities Inc., the same real estate development company behind NAC Tower in Bonifacio Global City.
It will host 12 floors of office and two levels of retail spaces, including five basement parking floors, with a building management capable of supporting 24/7 operations.
“As an office location, Arca South appeals to companies in many ways. After the pandemic, companies have increasingly considered the location of their offices vis-à-vis where employees live,” Gonzalez said.
Ayala Land-developed estates have proven to be catalysts in driving economic development in a given locale, said Patricia Zamora Riingen, president of Manta Equities.
“We believe that the corridor along SLEX is prime for re-
development to help boost the economic growth of Taguig and the nearby cities. We are very delighted to be among the first to contribute to this endeavor as Ayala Land transforms the former site of the Food Terminal Inc. complex into ARCA South,” Riingen said.
SKF officials said that Arca South will benefit from the completion of the Southeast Metro Manila Expressway Project, which aims to connect the South Luzon Express Skyway via Arca South to Batasan Complex in Quezon City. Once completed, Arca South will be connected to key
thoroughfares of C5, C6, and SLEX.