Primex starts P3.6-billion project to become San Juan’s tallest building

PROPERTY developer Primex Corp. on Wednesday started the construction of its 50-story Primex Tower in Greenhills, San Juan, hoping to add more office space in the area that will have the tallest building in the city when completed in about five years.

The company said it will spend P3.6 billion for the project to be built on a 1,944-square-meter corner lot along Edsa, Connecticut Street and Florida Street.

The tower will have 37 floors of office space and 12 floors of above-ground and basement parking, the company said.

“With the project, the company is looking to take advantage of increasing demand in the office and hotel sectors,” company President and Chairman Ernesto O. Ang said.

“The growth in the [office] sector will be quietly led by knowledge process outsourcers [KPO],” he added.

To be developed by its subsidiary Primex Realty Corp., the tower will have approximately 41,000 sq m of total leasable office space, ranging from 200 sq m to 300 sq m in size.

Ang said despite the increase in office supply, Primex Tower and other similar projects will be attractive as demand shifts from the old structures to the new higher-quality buildings.

The company believes Primex Tower will attract tenants because it has incorporated design features in line with Leadership in Energy and Environmental Design (LEED) standards.

The tower’s office spaces are designed in quadrants and are enveloped with curtain glass to allow natural light to enter into the workspace, while maximizing the view of adjacent golf courses – the Wack-Wack golf course in the south and the Emilio Aguinaldo golf course in the north.

The building envelope will use 90-percent double-glazed glass, with vacuum in-between which reduces heat gain and noise penetration. The reduced heat gain enhances the efficiency of the VRF or variable refrigerant flow air-conditioning system of the building. It will also recycle wastewater through a sewage-treatment plant for use for vegetation irrigation and flushing of water closets.

Primex EVP Karlvin L. Ang said the company continues to draw attention from other leading local and foreign developers to jointly develop the rest of their extensive land bank.

“These locations – in Malabon, Mandaluyong, Quezon City, and San Juan in Metro Manila and surrounding areas like Tagaytay—are showing equally exciting growth potential,” he said.

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A journalism graduate and has covered the Philippine business beat for more than a decade.

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