SM Offices hit 100% occupancy in Clark ecozone complex

Sy-led SM Prime Holdings Inc.’s commercial leasing arm SM Offices hit a 100% occupancy rate across its more than 100,000-square meter, 10-tower Tech Hub complex in Clark Special Economic Zone in Angeles City, Pampanga.

In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, SM Prime said SM Offices’ tenants in its Clark complex are mostly global IT-BPM and multinational companies with long-term lease agreements.

“The full utilization of Clark Tech Hub underscores sustained demand for global-standard, sustainable workspaces outside Metro Manila,” said Alexis Ortiga, vice president and Head of SM Offices.

“It also affirms the strong positioning of SM City Clark Complex as a major regional business district,” he added.

READ: SM Offices: Mall-based offices occupancy at 95%

SM Prime said SM Offices is also planning the development of Tech Hub Tower 11 – a nine-storey building which will add another 20,000 square meters of leasable space to its existing cluster.

The Tech Hub Tower 11 is located above the SM Clark Skylink terminal which will connect directly to the Clark International Airport by 2028 via the North-South Commuter Railway (NSCR).

“With major infrastructure projects improving access and connectivity, we believe SM City Clark Complex will become even more attractive to locators seeking high-quality workspaces outside Metro Manila,” Ortiga said. — JMA, GMA News