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Tuesday, February 25th, 2020

Udenna to build P300-B business hub in Clark

by December 18, 2017 General

DENNIS Uy-led Udenna Corp. plans to build a P300-billion central business district (CBD) within the Clark Freeport Zone over the next 10 years.

Udenna, through its wholly-owned subsidiary Clark Global City Corp. (CGCC), said the project would feature, among others, green spaces, an iconic tower that can house radar and or serve as the control tower of Clark airport, and residential condominiums.

These qualities can already be seen in cities such as Chicago, Hong Kong, Singapore, Macau, and Incheon.
“Our master planner got five cities in the world. It took the qualities of these cities,” CGCC vice chair Wilfredo Placino told reporters last week.

Clark Global City, the planned CBD, will be built on a 177-hectare property in Pampanga, of which 60 percent will be developed for sellable properties.

“It will be bigger because BGC [Bonifacio Global City], the main hub, is143 hectares. I have 177 hectares,” he said.

“What we will do is develop it horizontally. We will invite other developers to partake in our master plan,” he added.

The company is set to launch the first phase in the first quarter of next year after conducting a roadshow on January 29.