RLC completes green office tower

Gokongwei-led Robinsons Land Corp. on Thursday topped off the 20-storey green office building Tera Tower near the Ortigas Avenue and C-5 intersection in Quezon City, bringing to the property market its 11th office tower.

Tera Tower will have 34,500 square meters of gross leasable area (GLA) which will be turned over to tenants by the third quarter of 2015. Office space is now being contracted out by RLC to future tenants at a starting price of P650 per sqm a month, RLC general manager for office building division Faraday Go told reporters at the topping off ceremony on Thursday.

Topping off is a traditional rite held when the last beam is placed on a building to mark the completion of the main structure. After this, the developer will have to work on the interior finishing and the mechanical, electrical, and plumbing systems.

Go said this new office buildingthe first among the seven office buildings to rise at RLCs eight-hectare master-planned developmentwould mostly target the business process outsourcing, call center and knowledge process outsourcing locators as well as host some office headquarters.

To date, RLC has about 280,000 sqms of GLA in its office portfolio spread across 10 buildings. The office segment contributes 9 percent to overall revenues of RLC. Occupancy rate is close to 100 percent for the mature office buildings.

See the original post here:
RLC completes green office tower