Singapore's Foreign Minister, Mr. George Yeo, was the guest-of-honor at the opening ceremony.

Ascendas Pte Ltd, one of Asia’s leading developers and manager of business space, recently announced the opening of ACCRALAW Tower located within E-square in Bonifacio Global City in Metro Manila. The building spearheads the diversification of Ascendas’ portfolio to offer premium office space in the Philippine Central Business District in addition to its industrial park properties.

Singapore’s Foreign Minister, Mr. George Yeo, was the guest-of-honor at the opening ceremony.

The 26-story tower offers a total floor area of 18,400 sqm. Its features are designed to meet the needs of PEZA-registered companies involved in Business Process Outsourcing (BPO), IT, IT-enabled services, software development, call centers and telecommunication industries.

These include flexible floor plans and generous floor loading that enable customizing of work spaces; and an integrated business lifestyle with amenities conveniently accessible.

Ascendas will provide building management solutions to support every tenant’s business operations, including 100 percent power backup for companies with 24/7 operations and telecommunication facilities. Other features include a water-cooled air-conditioning system which consumes up to 35 percent less energy, naturally ventilated elevated car parking and energy-saving lighting; all of which results in savings for tenants of the building.

Chong Siak Ching, president & CEO of Ascendas, said: “The Philippines is one of Asia’s understated growth stories. We are pleased to have an opportunity to tap on its fastest-growing business centers here in Bonifacio Global City with the development and management of Ascendas’ first office tower in the Philippines.”

Strategically located within Bonifacio Global City, the office building takes its name after major tenant, Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW), one of the Philippines’ top law firms. ACCRALAW has taken up five floors of business space. Retail tenants include Maybank, 7-Eleven and Cheesecake.

ACCRALAW Tower stands at the nexus of a thriving business hub that is home to leading financial institutions and multinational corporations such as Hong Kong and Shanghai Banking Corporation (HSBC), JP Morgan, Deutsche Bank and Baker & McKenzie, among others. Bonifacio Global City is also home to modern office towers, upscale residential condominiums, trendy retail and F&B outlets, international schools and the Philippine Stock Exchange.

Atty. Eusebio V. Tan of ACCRALAW, said: “We are pleased to entrust our needs to Ascendas, which has established an excellent track record as a developer and manager of premium business space in Asia. The building’s strategic location makes it an ideal choice for us as we look to base our headquarters in a modern environment that will serve our operating needs in the years to come.”