Megaworld, through its wholly-owned subsidiary Suntrust Properties, Inc., is venturing into industrial park development that has its pioneering “LIVE-WORK-PLAY” lifestyle township concept at Suntrust Ecotown.
Sitting on a 350-hectare land in Tanza, Cavite, the Suntrust Ecotown will be Megaworld’s first mixed-use development with an industrial park in the country. It is also positioned to be the major hub for world-class light to medium export-oriented industries, residential, commercial, and institutional establishments in the south. At Suntrust Ecotown, the 111 hectares will be allotted for the industrial park. Another 40 hectares is dedicated for the expansion of the industrial park and the integration of lifestyle amenities such as a hotel, commercial and retail hubs, driving range, mini golf course, putting greens, swimming pool, jogging path, basketball and badminton courts, and open parks, and another 200 hectares of future development that may include residential and other recreational facilities.
The industrial park will also feature community offerings such as PEZA and Bureau of Customs offices where tenant-locators can fast-track their business permit requirements, as well as its own administration office, fire station, chapel, parking for container vans, guardhouse, and transport terminal.As a PEZA accredited economic zone, the industrial park will offer investors a variety of fiscal and non-fiscal benefits such as tax holidays and exemptions, resident status for foreign investors and immediate family members, employment of foreign nationals, automated import and export permit system, additional deduction for labor expenses, duty-free importation of capital equipment, spare parts, materials and supplies, among others.
Suntrust Ecotown positions itself as a new alternative industrial park for multinational locators because of its strategic location. Its close proximity to major airports and seaports as well as business districts such as Makati CBD, Ortigas Center, Fort Bonifacio, the Ninoy Aquino International Airport, Manila Port and Batangas Port; and accessibility to main thoroughfares such as SLEX (South Luzon Expressway) and Cavite Expressway (Cavitex) make it a perfect location for foreign companies that require mobility for their executives. As part of its eco-friendly orientation, Suntrust Ecotown will also focus on effective use of land, sustainable use of renewable resources, and proper management of environment. It will have its own sewerage treatment plant and water tank pump station reservoir to maximize the water usage. The industrial park will be limited to non-polluting light to medium industries that have superior facilities for waste management. It will also have tree-lined highways, round-the-clock security, spacious parks and planting strips, and e-shuttle services.