By Iris Gonzales (The
Philippine Star) | Updated February 18, 2017 - 12:00am
In a briefing yesterday,
Megaworld SVP Jericho Go said the company would add 55,000 square meters to its
office space inventory in the Iloilo Business Park. File photo
ILOILO CITY, Philippines
– Megaworld Corp. is pouring in P2.5 billion to double its office space in its
township here by 2020.
In a briefing yesterday,
Megaworld SVP Jericho Go said the company would add 55,000 square meters to its
office space inventory in the Iloilo Business Park.
The company currently has
an inventory of 45,000 sqm in its five office towers, One Global, Two Global,
One Techno Place, Three Techno Place and Richmonde Tower, which have all been
leased out.
Go said the company would
add two more towers - the Festive Walk and Two Techno Place.
Two Techno Place is a
five-level office building with an estimated leasable area of around 10,000
square meters. The tower is seen to generate around 3,000 jobs once completed.
Festive Walk Office
Tower, on the other hand, is a four-level office building with around 12,000
square meters of leasable space. It will be able to generate around 4,000 jobs
upon completion.
“During the last three
years, we have experienced a spike in the demand for office spaces in Iloilo
Business Park. Thus, we expedited the
construction of our first four towers and we have decided to build more to meet
the demand,” Go said.
Megaworld’s Iloilo
Business Park is host to around 15,000 office workers from the five BPO
companies.
The 72-hectare township,
which Megaworld started to develop in 2011, has been positioned to be Iloilo
City’s central business district.
Among its locators
include StarTek, Transcom, Reed Elsevier, WNS and IQor, among others.
Go said prospects for the
country’s BPO industry remain positive despite concerns on US President Donald
Trump’s protectionist policies.
“We continue to see
bright prospects for Iloilo’s BPO industry. Several companies, most of them are
first-timers in Iloilo, want to come in and expand here,” Go said.
Last year, Megaworld
mapped out the so-called ‘Visayas BPO Triangle” that will focus on expanding office developments in its
three townships in the Visayas, particularly The Mactan Newtown in Cebu, The
Upper East in Bacolod and Iloilo Business Park in Mandurriao, Iloilo.
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