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Manila office development to boost BPO market | 2 July 2014

The building of two new office towers in central Manila will provide space for a further 8,000 business process outsourcing (BPO) workers.

Offering 19,000 sq m of leasable office space, the buildings – One Techno Place and Two Techno Place – will form part of the 72-hectare Iloilo Business Park in Mandurriao.

Megaworld Corp, the company behind the development, said in a statement this week that it would consider speeding up the construction due to an influx of interest from companies in the BPO sector.

Jericho Go, the firm’s senior vice president, was quoted by interaksyon.com as saying: “With the heavy influx of inquiries from BPO companies who want to be part of Iloilo Business Park, we see the urgent need to hasten the construction of more office towers to meet the strong demand.”

While the Techno Place buildings won’t be completed until 2016, Megaworld has a number of projects already on the go in the Philippines’ capital. Three more office buildings – Richmonde Tower, One Global Center and Two Global Center – are expected to be finished before the end of 2014. These developments alone will provide around 25,000 sq m of leasable space, manilastandardtoday.com reports.

When finished, Iloilo Business Park will also include a shopping venue, boutique accommodation facilities and its own commercial district.

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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