Megaworld to Expand Office Spaces in Iloilo Business Park
Manila, Philippines—Property developer Megaworld is more than doubling its office space inventory in Iloilo Business Park, driven by the strong demand from the Business Process Outsourcing (BPO) industry in the last three years.
“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,” according to Jericho Go, senior vice president, in a statement.
From the current 45,000 square meters of office inventory in four office towers namely; One Global, Two Global, One Techno Place, and Richmonde Tower, Megaworld is expected to reach 100,000 square meters of office spaces for BPO companies in the township by 2020.
“We continue to see a bright prospect in Iloilo’s BPO industry. Several companies, most of them are first-timers in Iloilo, want to come in and expand here,” Go said.
This year, Megaworld will open another two new office towers: Two Techno Place and Festive Walk Office Tower.
Two Techno Place is a five-level office building with an estimated leasable area of around 10,000 square meters. On the other hand, Festive Walk Office Tower is a four-level office building with around 12,000 square meters of leasable spaces. Together, these two new buildings are expected to host around 7,000 BPO professionals.