Posted on 09:38 PM, September 09, 2010 [ BusinessWorld Online ]
LUCIO C. Tan-led Eton Properties Philippines, Inc. said yesterday it has fully leased its commercial and office project in Ortigas.
The last remaining space in Eton Cyberpod Corinthian will be taken up by human resource service provider Northgate Arinso.
Hans Montenegro, director for business consulting of Northgate Arinso, told reporters Eton Properties and Northgate Arinso signed the deal last week.
“Northgate Arinso signed a letter of intent to take [an additional] 2,772.6 square meters (sq. m.) at the third floor of building one of Eton Cyberpod Corinthian, [taking up a total] 5,445.2 sq. m.,” said Danilo E. Ignacio, president and chief operating officer of the listed Eton Properties.
“With Northgate Arinso taking the last available floor, Cyberpod Corinthian will be 100% leased. [call center] Startek is Eton’s other tenant who took seven floors at the project,” Mr. Ignacio added.
Northgate Arinso, which is based in the United Kingdom, provides outsourcing and consulting services. Mr. Montenegro said the company wanted to increase manpower to 800 by the end of the year from 300.
It is the first tenant of Cyberpod Corinthian, a three-building, four-storey development in Ortigas Center.
Since starting operations three years ago, Eton Properties has launched a total of 30 projects -- residential, commercial, and office buildings as well as “township” developments that started with the almost 1,000-hectare Eton City in Sta. Rosa, Laguna.
Shares in Eton Properties inched up by 3% or P0.13 to close at P4.38 each yesterday. -- Neil Jerome C. Morales
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