Megaworld to build JPMorgan Chase’s global service center

MANILA, Philippines — Megaworld Corp. is building the new Philippine global service center of JPMorgan Chase Bank, N.A in Fort Bonifacio.

The 25-story building will be completed in 2021 and will be ready for full operations by 2022, the company said in a disclosure yesterday.

Megaworld said the project is a build-to-suit office building for the global banking and financial services provider.

With an estimated 70,000 square meters of gross leasable area, it is the country’s biggest single office lease transaction in terms of total space leased to a single company and transaction value, said Megaworld senior vice president Jericho Go.

“Megaworld is proud to build the new home of JPMorgan Chase in Fort Bonifacio as it consolidates its existing Metro Manila operations under one roof – all in a state-of-the-art, prime and green office tower right at the heart of the booming Uptown Bonifacio. This multibillion-peso deal with a single company is the biggest in the country’s office leasing industry,” he said.

JPMorgan Chase said Manila continues to be a major strategic hub for the company.

“Through this landmark development, we are able in consolidate our presence to one location, so enabling us to bring our Manila-based employees together, facilitating increased collaboration, while also demonstrating our commitment to providing them with various career opportunities within the firm,” said Raoul Teh, chief executive officer for the bank’s Philippine global service center.

In addition, the new development would provide a world-class working environment for JPMorgan’s employees, said Jun Nepomuceno, Asia-Pacific head of the bank’s Global Real Estate team.

“We are excited to be part of this new development that sets new benchmarks for sustainability and reaffirms our global efforts to maintaining exceptional working environments with only the best-in-class infrastructure and facilities for our employees,” Nepomuceno said.

The new development is strategically located along 38th  Street corner 9th  Avenue in Uptown Bonifacio.

It is a few meters away from the future Uptown Transport Hub beside Kalayaan Avenue, the proposed Skytrain monorail system that connects Taguig’s Fort Bonifacio to Makati, as well as the future Kalayaan station of the Mega Manila subway and the Fort Bonifacio bus rapid transit system.

 Featuring highly efficient office floors, innovative technology in building design, and having applied for LEED Gold certification, the facility is designed by UK-based award-winning architectural firm Broadway Malyan.

Megaworld is among the country’s giant developers of office spaces with a leasable office portfolio of around 1.2 million square meters to date. It has already completed 54 office towers across the Philippines, particularly in key growth areas in Metro Manila, Cebu, Iloilo, Laguna and Davao.