January 24, 2018, 9:23 am
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Anchor Land ventures into bed space facility dev’t

Anchor Land Holdings Inc., said it is set to launch its P1.4 billion bed-spacing project, Cosmo Suites,  diversifying its recurring income base.

The company said the twin-tower property will offer affordable, yet high quality bed spaces to young employees who are looking for ways to avoid the challenging commute in Metro Manila.

“Cosmo Suites aims to help improve the quality of life of employees. It becomes their halfway home near their workplace, allowing them to spend their time on more productive activities instead of being stuck in traffic for around three to four hours,” said  Steve Li, Anchor Land chief executive officer.

Located in Pasay City, the property is situated near the Bay City which is seen as the next hub for the business process outsourcing (BPO) industry.

Cosmo Suites will cater to the continuously increasing demand of BPO employees for quality, yet affordable urban dwelling spaces, Li said. 

“We will limit the rental rates equivalent to 25 percent of the average income of BPO employees,” he added.

Cosmo Suites is composed of two 16-storey buildings and will offer around 3,000 beds with over 800 units. Each unit is composed of at least four beds.

Unlike the usual dormitory and bed spacing, it provides young employees with a more secure and comfortable lifestyle, Anchor Land said. In addition to its round-the-clock security and CCTVs, each tenant will be given a security access key card.

Cosmo Suites includes high-end amenities, such as a 20-meter lap pool, fitness gym, knockdown basketball court, open lounge area, deck seating area, a garden deck and a food hall that offers affordable meals. Tenants are also provided free internet.
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