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Manila Times Business

David Ebrahimzadeh and Corniche Capital Expand Nationwide Build-to-Suit Program for Industrial, Manufacturing, and Mission-Critical Tenants - Highlighting Speed-to-Occupancy, Entitled Shovel-Ready Land, and Multi-Gigawatt Powered Land for Data Centers and Advanced Manufacturing

Corniche Capital pairs a national powered land portfolio spanning ERCOT, PJM, and Western markets with a new "build, lease, and back” strategy - investing equity directly in the ventures it develops facilities for NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- David Ebrahimzadeh, Founder and President of Corniche Capital, today announced a major expansion of the firm's nationwide build-to-suit development program serving industrial, advanced manufacturing, and mission-critical tenants. The expanded

Context & Analysis

The push by U.S. developers to secure multi-gigawatt powered land and fast-track industrial facilities reflects a broader structural shift in global capital allocation. Mission-critical infrastructure now competes for long-term power contracts, streamlined permitting, and patient equity partners. For Philippine business leaders, this move is a useful benchmark. The same constraints that dictate development pace abroad—grid capacity, environmental compliance, and speed of land entitlement—define the local landscape as well.

Philippine industrial developers and economic zone authorities have already recognized that raw land no longer commands premium valuations. Tenants price in guaranteed power supply, pre-approved zoning, and construction timelines that align with global supply chain windows. The build-to-suit model, which pairs custom facility delivery with direct equity stakes in tenant operations, offers a template local developers could adapt. Instead of competing solely on rental rates or tax holidays, Philippine industrial park operators may increasingly structure partnerships where capital deployment is tied to operational milestones and shared upside.

The competitive dynamic also clarifies why the Department of Trade and Industry and the Board of Investments continue refining incentives for high-value manufacturing and digital infrastructure. Foreign capital is not just comparing labor costs; it is evaluating infrastructure readiness and regulatory predictability. As U.S. firms accelerate domestic reshoring, Philippine zones must double down on grid expansion, cross-border fiber connectivity, and streamlined permitting to remain attractive to mission-critical tenants.

What to watch next is how local power distributors and independent producers respond to surging commercial demand. If data center and advanced manufacturing projects scale across key economic zones, grid upgrades and long-term power purchase agreements will become the decisive bottleneck. Developers who secure entitled, shovel-ready sites with pre-negotiated energy contracts will capture the next wave of foreign direct investment, while those relying on legacy land-banking models may struggle to meet tenant timelines.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: manilatimes.net

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