A NEW MILESTONE. Udenna Founder and Chairman Dennis A. Uy leads the ceremonial topping-off of the group’s first tower development located on the corner of 4th Avenue and Rizal Drive within the Bonifacio Global City in Taguig.
Udenna Group topped off its first office tower development located in Bonifacio Global City (BGC) on February 12, adding another landmark in the growth of its real estate venture.
Strategically situated at the corner of Rizal Drive and 4th Avenue in the financial district of Taguig, the development, called Udenna Tower, stands 24 stories high with a gross floor area of 14,703 square meters.
“Udenna Tower is another milestone of success for one of the country’s fastest-growing conglomerate of diverse businesses in vital industries,” said Atty. Adel A. Tamano, vice-president for corporate affairs at Udenna.
The conglomerate broke ground for Udenna Tower in June 2016. Upon completion, the tower will house the corporate offices of the Udenna Group, including those of Phoenix Petroleum Philippines, Inc. and Chelsea Logistics Holdings Corp. on seven floors. At present, the conglomerate leases office spaces in BGC.
Udenna Tower is also poised to expand the conglomerate’s portfolio of properties for lease in one of the fastest-growing business districts, as it offers more than 13,600 square meters of leasable area to other companies. Its prime location makes dining places, retail stores and parking spaces easily accessible.
The tower includes five podium levels plus two basement levels of parking. The ground and upper ground floors are ideal for bank branches, offices, service centers, food stores and retail outlets. Six floors are open for leasing to other companies as corporate headquarters.
“Udenna Tower will allow us a firmer foothold in the country’s capital region, as our businesses continue to grow into significant players in their respective industries and take on bigger roles in our national economy,” Atty. Tamano said.
“It also provides our approximately 500 employees based in Metro Manila a more productive, healthy and efficient workplace.”
In line with the group’s commitment to developing sustainable properties, Udenna Tower has secured a Leadership in Energy and Environmental Design (LEED)Gold precertification from the U.S. Green Building Council.
“The development illustrates the strength and potential of our real estate business – Udenna Development (Udevco) Corp. – to become a significant player in the sector,” Atty. Tamano said.
Udevco is embarking on more and bigger projects across the country. The pipeline includes Clark Global City, a 177-hectare masterplanned development within the Clark Freeport Zone.
About Udenna Corporation
Udenna Corporation was incorporated in the Philippines on March 19, 2002. The Udenna Corporation is comprised by a dynamic group of companies engaged in diverse businesses including, among others, petroleum and oil (Phoenix Petroleum), shipping and logistics (Chelsea Logistics and 2Go), real estate and property development (Udevco), education (Enderun), and convenience stores (Family Mart). Phoenix Petroleum Philippines Inc. and Chelsea Logistics are publicly listed in the Philippine Stock Exchange.