Designation of the Property as an Information Technology Center
- A building located at No. 961 Juan Luna Street, Barangay 7, Tondo, Manila is created and designated as an Information Technology Center.
- The building is named The Orchard Tower Manila.
- The designation subjects the building to the provisions of RA No. 7916 and relevant PEZA regulations.
Property Description and Location
- The property consists of two parcels of land:
- Lot 14-B-6 with an area of approximately 559.80 square meters.
- Lot 14-B-7 with an area of approximately 606 square meters.
- The total land area is about 1,165.80 square meters, located in the District of Tondo, City of Manila, Island of Luzon.
- The building’s gross floor area is 15,336 square meters.
Technical Boundaries and Survey Details
- Lot 14-B-6 is bounded by Calle Juan Luna, adjacent lots 5 and 6 of Block 2720, and other subdivision lots.
- Lot 14-B-7 is bordered by subdivision lots and Block 2720 parcels, also located in Tondo.
- Both lots have specific survey points, directions, and distances indicated from landmark references such as Church Spire Tower and Fire Hydrant No. 338.
- Original surveys date back to 1914, with subdivision surveys conducted in 1968.
Formalization and Effectivity
- The proclamation was signed by the President of the Philippines and the Executive Secretary.
- The designation was effected on May 13, 2016, in Manila.
Implications of the Designation
- The designation allows the building to operate as an Information Technology Center under the economic benefits and regulatory framework of PEZA.
- It grants incentives and benefits provided under RA No. 7916, supporting IT-related investments and activities within the designated area.
- The PEZA regulatory framework that governs this designation ensures the building operates in accordance with special economic zone policies and rules.