Eton Properties, the real estate arm of the Lucio Tan Group of Companies, on Thursday said it plans to expand its office portfolio by an additional 200,000 square meters of office space to cater to the needs of the growing real estate market in the country.
Eton Properties noted that with the country’s growing business process outsourcing (BPO) industry and the upcoming Asean integration which is expected to create more jobs in the BPO industry, demand for office space will definitely increase.
According to industry forecasts, some 1.2 million Filipinos will be employed by the BPO sector by 2016.
Marie Angeli Samala, Eton Properties first vice president for property management, said they have already completed four career hubs and more are planned to be created this year until 2018 to be able to meet the growing demand.
Its career hubs have the capacity to accommodate over 12,000 employees and major international players such as EGS, Hewlett-Packard, Accenture, Convergys, Sitel, Cybersoft, Standard Chartered Bank, and Unisys now have services stationed in its business hubs.
“Eton Properties is now helping to address future requirements for office spaces generated by expansion programs of the industry by an additional 200,000 square meters of space,” said Samala.
Part of the company’s expansion program is a BPO and technology campus in its 1,000-hectare township of Eton City in Sta. Rosa, Laguna.
“The premier campus will offer 190,000 square meters of office lots, green-themed roads, retail strips and a dormitory with a transportation annex for shuttles and buses bringing commuters to and from different parts of Laguna and Metro Manila,” said Eton Properties.
Besides the expansion plan, the developer also plans to launch other projects such as the WestEnd Square, a mixed-use development within the Makati CBD and the Cyberpod Centris Five, a 25-storey BPO facility in Eton Centris that is set to be one of the largest BPO communities in Quezon City.
According to the developer, it has already completed more than 124,000 square meters of BPO-IT building projects in the central business districts of Quezon City and Ortigas which are now all fully occupied.
Eton Properties added that its soon-to-rise projects are expected to attract even more companies seeking modern, global-quality facilities that are expertly managed, highly accessible, and accredited by the Philippine Economic Zone Authority.