By Jenniffer B. Austria | Jul. 30, 2014 at 12:01am [ manilastandardtoday.com ]
Property developer Vista Land and Lifescapes Inc. is constructing a P1.5-billion office tower within Bonifacio Global City.
Vista Land comptroller Cynthia Javarez said in an interview the company had started building the 15-story office development that would cater to business process outsourcing companies.
This will be the flagship of BPO office project of Vista Land, as part of the company’s strategy to diversify sources of income to leasing revenues from commercial projects.
The office building, which sits on a 2,500-square meter property, will be completed by the second quarter of 2016. The office project has 20,000 square meters of leasable space.
Aside from Bonifacio Global City, Vista Land plans to build office buildings within the 1,500-hectare Vista City in Muntinlupa. The company is also looking at other sites for future BPO office projects.
Vista Land has been beefing up the rental space business as the company moves closer to its target of P1-billion revenue from the leasing side.
The property firm is also developing retail spaces mostly within its residential projects.
Vista Land is one of the leading developers of masterplanned communities and brands, namely Camella, Crown Asia, Brittany and Vista Residences, which offer quality housing across all market segments.