Megaworld is mapping out the so-called ‘Visayas
BPO triangle’ with its three huge township developments in Iloilo, Cebu and
Bacolod.
“We are targeting around 175,000
square meters of office spaces for the business process outsourcing (BPO)
industry in these three key cities in the next three years to form the
so-called ‘Visayas BPO Triangle.’ By 2020, our target is to bring it up to
225,000 square meters depending on market demand. So far, the demand goes up,
so we see this as a big possibility,” reveals Jericho Go, senior vice
president, Megaworld, who is at the helm of the company’s office property
business.
Once completed, Megaworld expects to
generate around 50,000 full-time direct jobs in the BPO sector in these Visayan
cities.
“If we talk about direct and indirect
jobs, we see around 300,000 for Cebu, Iloilo and Bacolod by end-2019. These
include jobs that can be generated within our townships such as those from transport
and retail,” explains Go.
In its ongoing 30-hectare development
in Lapu-Lapu City, Cebu called The Mactan Newtown, inventory of office spaces will
be around 80,000 square meters by next year as the company is set to open two
more office towers. These two new office towers are Tower One Plaza Magellan (to
be completed this year) and Pacific World Tower (to be completed in 2017),
offering an additional 34,000 square meters of fresh office spaces in The
Mactan Newtown. Other towers that have been previously launched are One World
Center, Manulife Center and 8 Newtown Boulevard.
“In Cebu, there is a growing
preference for BPO locators to be in Mactan Island because of the traffic
problem and congestion in Cebu City. We see Lapu-Lapu City as a big alternative
location for BPOs in Central Visayas especially that the new and bigger
Mactan-Cebu International Airport will be completed soon. The Mactan Newtown is
only 15 minutes away from the airport while going to Cebu City takes you around
1 ½ hours in today’s traffic condition,” says Go.
In the company’s 72-hectare Iloilo
Business Park township, inventory of office spaces will reach around 33,000
square meters by the end of this year with the expected completion of one more
office tower, Three Techno Place, offering around 8,700 square meters of fresh
office spaces. The first four office towers, namely Richmonde Tower (5,800
sqm), One Global Center (9,400 sqm), Two Global Center (9,100 sqm) hand One
Techno Place (8,700 sqm) have already been fully leased.
Two more office towers are up for
completion next year up to 2018. These are Two Techno Place (10,000 sqm) and
Festive Walk Office Tower (12,000 sqm).
“By end-2018, we will have around
65,000 square meters of office spaces in Iloilo Business Park and we will have
more first time locators lined up for Iloilo,” reveals Go.
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