By James A. Loyola
Ortigas & Company is expanding its office portfolio with the launch of the first phase of The Galleon which is expected to generate P14 billion in sales.
The project is a mixed-use, two-tower development which will soon rise in the heart of Ortigas Center and offer office, retail, and residential spaces.
The first tower to be introduced will be the office building which will provide spaces fit for the needs of businesses — whether multi-national companies, conglomerates, or professional firms.
“We are excited to introduce The Galleon to the market, especially as this is a premier development in the Ortigas central business district,” said Ortigas & Company President Jaime E. Ysmael.
He noted that, “as the demand for high-quality office spaces continues to rise, we are confident that this property will be able to offer something new to investors who place apremium on convenience, accessibility, sustainability, and the prestige to claim their own piece of Ortigas Center.”
Offices at The Galleon will consist of 31 office levels with food and retail establishments on the first two levels of the building. There will also be five levels of basement parking to accommodate office tenants and retail patrons.
Unit sizes for office spaces start at 75 square meters to 767 square meters, with prices ranging from P20.9 million to P184.3 million. It has a net saleable area of 47,000 square meters priced from P250,000 to P266,000 per square meter.
Set to rise along ADB Avenue and right across the Asian Development Bank Headquarters, The Galleon offers convenience, and accessibility given its location. Various food, retail, and entertainment establishments surround the property.
“The Galleon is the first development this year that we’re introducing as we celebrate our 88thAnniversary. As we anchor our premier development in Ortigas Center, we aim to strengthen our position as a developer that builds great places that complement and enhance the lives of people,” said Ysmael.