Home / News / Asiatown offers additional spaces for BPO operations

Asiatown offers additional spaces for BPO operations
Tuesday, Apr 15, 2008

The 25-hectare Cebu Asiatown IT Park will offer additional 50,000 square meters leasable space after the six major building projects will be completed in the next two years.

In a statement released by Cebu Property Ventures Development Corporations (CPVDC), the cyberpark’s developer, it said that by the third quarter of this year, four medium-rise buildings will be finished to accommodate the growing demand for office spaces especially for large Business Process Outsourcing (BPO) companies.

"These buildings will offer more office spaces, retail shops, entertainment bars, additional 24-hour food shops and restaurants to accommodate Cebu’s new round-the-clock business and entertainment lifestyle," said CPVDC president Francis O. Monera.

These upcoming buildings, which are expected to be completed soon, include the 11-story Skyrise 2; 15 stories TG Tower, 17-story i3; and 12-story eBloc Tower.

These will provide a total of 50,000 square-meter available office spaces within the Park.

Currently, CPVDC is constructing the P900 thousand, first medium rise building for BPO called eBloc situated in a 4,432 square meter area, in the phase 1 of Asiatown IT Park. The construction is expected to finish by September this year.

Asiatown IT Park, the largest cyber-park outside of Luzon, is now the home of BPO and IT-enabled firm giants like NKC Conveyors Philippines Corporation, Tsuneishi Heavy Industries Inc. (Cebu) ), Morph Rapid Solutions Inc., Micro D International, Cordia Philippines, Convergys Philippines, People Support, eTelecare, among others.

Within the year or early next year, CPVDC will open Cebu’s first 24/7 commercial hub, whicj will provide wide options of retail, entertainment and wellness options to the growing BPO working community.

In 2006, CPVDC recorded a net income generation of P83.5 million, attributing the positive growth to the continuing uptrend in the Information and Communication Technology (ICT) industry.

CPVDC already developed two modular buildings at the Asiatown called e-Offices. This time, the company decided to maximize the lot usage by building mid-rise condominium office starting with the e-Bloc building.

CPVDC is the subsidiary of Cebu Holdings Inc., (CHI), an affiliate of Ayala Land Inc. It is also partly-owned by the Cebu Provincial government.

Earlier, Monera said that CPVDC plans to develop five-hectare of the Asiatown IT Park, transforming the property in a "BPO (Business Processing Outsourcing) Enclave." This will be considered as its Phase 2 project.

Amid the strong interest of other real estate developers to buy prime lost for building developments targeted to growing BPO locators, Monera said CPVDC has no plans to sell remaining five-hectare lot in phase 2.

"We don’t intend to sell (the lots). We will develop the area as BPO Enclave," said Monera.