Alveo Land, Ayala Land’s upmarket brand for innovative real estate solutions, kickstarts the regeneration of an iconic business address with a new flagship office development that will set a new standard among premium-grade workspaces in the country.
Located at 6794 Ayala Avenue, the Alveo Financial Tower is strategically positioned along the most distinguished and most coveted thoroughfare in the Makati central business district, presenting a rare opportunity to own a piece of this high-powered landmark address.
The Alveo Financial Tower will be a 49-story headquartertype office condominium devel- opment envisioned to reshape the Philippines’ unrivaled business capital by providing an enhanced corporate experience within a dynamic and prestigious hub. Serving as the culmination of Ayala Land’s new P20billion corporate creative node, City Gate, the Alveo Financial Tower seamlessly connects businesses and enterprises to a complete and vibrant mixed-use district that includes diverse retail establishments, premium hotel accommodations, upscale condominium residences, and integrated green open spaces.
“Alveo Financial Tower will be a major component of City Gate. This corporate creative district is located at the new rejuvenated northern gateway of Ayala Avenue, tailor-fit for contemporary and cosmopolitan work-life culture,” said Jennylle Tupaz, head of Project Development Group for Alveo Land.
To ensure it could carry its vision of an empowered corporate experience following its acquisition of the former Jaka Tower site, Alveo commissioned internationally-awarded and Seattle-based structural consultant Magnusson Klemencic Associates (MKA) and prominent local engineering firm Sy^2 + Associates to conduct structural integrity tests on the existing structure.
“We are excited to contribute to and drive sustainability in architecture in the Philippines, and hopefully pave the way for other developers to follow a similar path of innovation and architectural reuse,” said Tupaz.
The Alveo Financial Tower will be LEED-certified with well-appointed amenities and facilities to add efficiency and value to an enterprise’s daily experience. These sustainable initiatives translate to premium architectural design with provisions for efficient energy and pollution control management that ensure that businesses and organizations can operate at peak performance.
The tower sits on a 2,400-square-meter plot of land, featuring 48 floors plus a utility roof deck totaling 63,739 square meters of gross floor area. There are 363 office units for sale and the tower’s turnover is slated for 2020.
The iconic building’s prime features will include a spacious four-volume signature lobby with a considerable ceiling height at 12.7 meters. The entire 5th floor will be an expansive business center with dedicated conference rooms and modular large-format meeting facilities. An executive dining lounge will occupy the 17th floor, complete with an outdoor deck for more cozy client meetings.
Alveo Financial Tower is the only new consolidated office for sale option on Ayala Avenue, with investment returns expected to be as high as six percent (based on current lease rates in the Makati CBD).
“With its much-coveted location on Ayala Avenue, Alveo Financial Tower becomes a rare investment opportunity for businesses wanting to be part of the most prestigious corporate address in the country,” said Tupaz.
The recent priority selling event of the Alveo Financial Tower held Sunday resulted in over P5.8 billion in total sales. A typical office space in Alveo Financial Tower was sold at an average of P240,000 per square meter or P27.8 million for an average unit size of 116 square meters. Over 60 percent of the tower was sold during this oneday exclusive event.