MANILA, March 24, 2022 – Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) and residential and commercial developer, I-Land (ISOC Land, Inc.), have recently signed a memorandum of agreement appointing the former as landlord representative of I-Land Bay Plaza, a 12-storey green building in the Bay Area in Pasay City.
Dubbed an “Office of the Future,” I-Land Bay Plaza is the developer’s very first completed commercial project in the Philippines. This development is LEED registered with the U.S. Green Building Council and adds to the growing number of green and sustainable buildings in Metro Manila.
Located in the Bay Area, I-Land Bay Plaza is less than 1.2 kilometers from the Mall of Asia, approximately 1.5 kilometers from City of Dreams Manila, and approximately 2 kilometers from Solaire Resort & Casino Manila. The Bay Area is also highly accessible from both the Ninoy Aquino International Airport (NAIA) and the Makati CBD by the NAIA Expressway and Metro Manila Skyway, while Roxas Blvd. provides easy access to downtown Manila.
One of the most exciting up-and-coming business districts in the Philippines, the Bay Area is a massive reclamation on Manila Bay west of Roxas Blvd. Split between the cities of Pasay and Parañaque, this integrated mixed-use township features casinos, five-star hotels, shopping malls, high-end condo developments, office towers, and government offices. It is also one of Metro Manila’s fastest-growing office markets; Colliers data show that 177,000 square meters of new office space is projected to be completed in the Bay Area in 2022, second to Ortigas Center’s 185,000 square meters.
I-Land Bay Plaza uses an intelligent building management system (BMS), has an energy-saving lighting system, and a 24/7 back-up power supply. It also has two commercial floors, nine high-speed elevators, and an outdoor garden strip on the fifth floor for people to enjoy and relax during office breaks.
Established under the ISOC Holdings, Inc. group, I-Land is one of the most innovative real estate developers in the Philippines. Its development philosophy highlights a strong push towards technology and innovation and has a steadfast commitment to customers and sustainability. Its roster
of projects include a mid-rise condo development along Sucat Road in Parañaque; an integrated township in Clark, Pampanga; and outside of the Philippines, commercial properties in Central-Eastern Europe.
Colliers’ Office Services – Landlord Representation service line markets a wide range of commercial properties across the Philippines, from Premium and Grade A towers in the Makati CBD, Ortigas Center, and Bonifacio Global City, to LEED- and EDGE-certified buildings in Cebu, Davao, and Clark. As of March 2022, Colliers has an exclusive mandate to market more than 500,000 square meters of office space across the Philippines.