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Nangang Business Park stage-three expansion completely leased out as construction begins

November 7, 2005

Even before construction kicked off recently on the stage-three expansion of the Nangang Business Park, the 48,000 ping (one ping is approximately 36 square feet) of office space it will eventually provide had already been completely leased out. Global heavyweights such as Sony, Philips, Siemens and Infineon are among the total of 60 companies that have requested a combined 80,000 ping of office space, far more than the park can provide.

This overwhelming demand reflects the importance of Nangang District as the government strives to promote the area as a base for research and development. Accordingly, the main focus of the Nangang Business Park is R&D. Sony and Infineon are reportedly setting up integrated circuit R&D centers in the new buildings.

The current expansion includes two buildings that will rise seventeen stories above ground and provide four basement levels. The state-of-the-art offices will be equipped with optical fiber broadband networks and are being built according to environmentally-friendly architectural concepts. Stage-three construction is scheduled for completion in 2007.

The park's first and second-stage facilities are also completely occupied. The 230 companies set up there have created 13,000 jobs and generate NTD 180 billion in R&D-related production value annually. Enterprises that will open offices in the stage-three buildings are expected to bring an additional 4,000 jobs and post NTD 60-70 billion in production value yearly.

Taiwan's information technology corridor runs from the area around Hsinchu, home of the Hsinchu Science-based Industrial Park, to Taipei City's Nangang, with its Nangang Business Park and Nangang Software Park. With hardware manufacturing at one end and R&D and software development at the other, this corridor strikes the perfect balance as Taiwan continues to make itself an integral part of the world's IT future.

(United Daily News)

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