SM Prime expands Clark Tech Hub after reaching full occupancy
SM Prime Holdings Inc. is expanding its office footprint in Central Luzon after fully leasing out its Clark Tech Hub complex, underscoring sustained demand for workspaces outside Metro Manila.
In a disclosure on Wednesday, SM Offices—the commercial leasing arm of SM Prime—said its 10-tower Clark Tech Hub in the Clark Special Economic Zone in Angeles City, Pampanga had reached 100-percent occupancy across more than 100,000 square meters of office space.
Most tenants are global information technology and business process management or IT-BPM firms and multinational companies with long-term lease agreements.
Considering this, SM Offices said it would build Tech Hub Tower 11, a nine-storey expansion that will add around 20,000 square meters (sqm) of premium leasable space to the existing complex.
The company said the project would further strengthen Clark’s position as an alternative business district outside Metro Manila’s traditional central business districts.
“The full utilization of Clark Tech Hub underscores sustained demand for global-standard, sustainable workspaces outside Metro Manila,” said Alexis Ortiga, vice president and head of SM Offices. “It also affirms the strong positioning of SM City Clark Complex as a major regional business district.”
Apart from office towers, the SM City Clark Complex also hosts SM City Clark, National University, SMX Convention Center and Park Inn by Radisson Clark.
The company describes this as an integrated environment for work, retail, education, events and hospitality.
SM Offices said Tower 11 would rise above the SM Clark Skylink terminal, which is expected to connect directly to Clark International Airport by 2028 through the North-South Commuter Railway.
“With major infrastructure projects improving access and connectivity, we believe SM City Clark Complex will become even more attractive to locators seeking high-quality workspaces outside Metro Manila,” Ortiga said.
Also, the firm said Tower 11 would incorporate “human-centric design,” including a 12,000-sq-m sky garden meant to promote employee well-being, collaboration and connectivity.
The company also highlighted sustainability features such as solar energy systems, water conservation measures, greywater reuse, low-flow fixtures and indoor air quality improvements.
Structured waste management programs covering paper, plastics, electronic waste and used lead-acid batteries would also be integrated into the development.
