Eastwood City Cyberpark

completed

Eastwood City Cyberpark, established in late 1999, is an urban economic zone for information technology (IT)-driven companies, a development of Megaworld Corporation. The project is a US$52.9 million expansion of Eastwood that is currently managed as a division of Megaworld. Megaworld plans to spin off Eastwood as a separate company by the end of 2001.The project is part of a 15 ha development strategically located in Metro Manila, near the Ortigas business district and three leading Philippine universities. It is envisaged to be a mixed-use facility incorporating office and commercial developments and an IT school building. The development of Eastwood will be divided into three main blocks: (i) the corporate block; (ii) the leisure and entertainment block; and (iii) the IT school building. The corporate block will have six buildings: Citibank Square, IBM Plaza, the Incubation Center, Techno Plaza One, Techno Plaza Two and Cyber One. Of the expansion project, approximately 40% has already been completed.