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British Embassy to build new building at Megaworld’s Fort Bonifacio project
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By JAMES A. LOYOLA

The British Embassy has signed an agreement with property developer Megaworld Corporation to purchase a 1.2-hectare property for a new embassy building in Megaworld’s McKinley Hill township project in Fort Bonifacio, Taguig City.

 

The British Embassy, which is currently based in Makati, is among the first institutions to move their operations to McKinley Hill, a 50-hectare mixed-use township catering to an international clientele.

Earlier, Megaworld announced that Enderun Colleges, Inc. will build its second campus, after Ortigas, on a 17,000-square-meter site at McKinley Hill’s educational/ institutional center.

Enderun will offer bachelor’s degree and non-degree courses in hotel and restaurant management and culinary arts. It enjoys the academic consulting support of Les Roches Swiss Hotel Association School of Hotel Management.

Megaworld is also in talks with foreign investors to build international schools at McKinley Hill. The developer will extend the "live-work-play" concept that it pioneered in its flagship Eastwood City project in Quezon City to McKinley Hill.

McKinley Hill’s master plan divides the project into residential, office, retail and educational/institutional blocks.

The first residential phase, McKinley Hill Village, is a residential lots project targetting a high-end market. Since its launch in May 2004, it has sold 75 percent of its 482 lots.

Aside from residential lots, McKinley Hill’s residential block features garden villas housed in four-story condominium clusters. An international school has reserved at least two of these clusters for the use of its teachers.

Megaworld will launch a new residential project called McKinley Hill Mansions by the second quarter of 2006. This French Renaissance-inspired, medium-rise community will comprise two residential phases with a total of 336 condominium units.

Meanwhile, Megaworld is eyeing British companies that specialize in business process outsourcing and IT-enabled services as prospective locators entitled to various tax incentives at the McKinley Hill Cyberpark.

The 35-hectare office block was approved as a special economic zone by the Philippine Economic Zone Authority in August 2005. It will provide a total of 200,000 square meters of high-tech office space for BPO and information technology companies.

The first office tower to be built at the cyberpark, One World Square, will have a gross floor area of 40,000 square meters. The project is slated for completion by end-2007.

In the pipeline for McKinley Hill is a town center that will bring together restaurants, shops and cinemas as well as a sports complex. There will also be an educational and institutional center that will host several international schools as well as churches and parks.

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