Question & AnswerQ&A (PROCLAMATION NO. 284)
The creation of The Space as an Information Technology Center is authorized by Republic Act No. 7916, known as the "Special Economic Zone Act of 1995," as amended by Republic Act No. 8748.
The President of the Republic of the Philippines has the power to create and designate an Information Technology Center under RA 7916 as amended, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Proclamation No. 284 is the official document by which the President of the Philippines created and designated the building known as The Space as an Information Technology Center under the provisions of RA No. 7916 and its amendments.
The Space is located on a parcel of land at A.S. Fortuna corner P. Remedio Street, Banilad, Mandaue City, Cebu.
The gross floor area of The Space is 14,676 square meters, and the land area it stands on is approximately 3,922 square meters.
The land is covered by Transfer Certificate of Title (TCT) no. 111-2014002741, corresponding to Lot 347-B of the subdivision plan Psd-07-085640.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the creation of The Space as an IT Center.
The designation of buildings as IT Centers is regulated under RA No. 7916, as amended, and subject to provisions of RA No. 00-411 (series 200), as amended by PEZA Board Resolutions Nos. 11-066 (2011), 15-240 (2015), and 16-001 (2016).
The parcel is bounded on the northeast by Lot 350 and Lot 348; on the southeast by Lot 345; on the southwest by Lot 347-A; and on the northwest by Lot 347-C (road), with specific bearings and distances as detailed in the technical description.
The cadastral survey dates referenced include the original survey conducted in September-October 1911, with an amendment-subdivision survey dated August 27, 2009, approved on June 22, 2012.