MEGAWORLD Corp. plans to spend up to P5 billion to build 10 office towers in Iloilo over the next five years, first vice president Jericho Go said Friday.
The project, which will provide a combined 100,000 square meters of office premises, will be set up inside the 72-hectare Iloilo Business Park (IBP), recognized as the largest cyberpark in the Western Visayas region.
“The IBP is poised to become the largest cyberpark in Western Visayas and a major hub for IT-BPO outside Metro Manila. More and more BPO [business process outsourcing]companies have already expressed strong interest to set up operations at the IBP. Most of them are first-time locators,” Go said.
In the first phase of the IBP’s IT-BPO cluster, Megaworld will build this year three office towers, namely One Global Center, Two Global Center and the Richmonde Tower.
By August of this year, Colorado-based StarTek Inc. will start its operations at the Two Global Center building. The firm is one of the leading BPOs in the country and has call centers in the United States, Latin America, Canada, Honduras, and Costa Rica. The four-storey building will provide 9,000 square meters of office premises and can accommodate about 2,600 workers.
“With StarTek coming in to jumpstart our cyberpark operations, we see Iloilo City rising fast to become a major BPO hub in the region,” Go said.
Megaworld now has 27 office towers across the country, 11 in Eastwood City, 14 in McKinley Hill, 1 in Newport City, and 1 at The Mactan Newtown in Lapu Lapu City in Cebu. It expects to complete this year 10 more office towers in Uptown Bonifacio, The Mactan Newtown, Iloilo Business Park and McKinley Hill.
Megaworld earlier said that it intends to expand its office space inventory to 712,000 square meters this year.