BPOs’ return on site to boost office leasing

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Filinvest REIT Corp. (FILRT) said the return to 100-percent onsite operation of information technology-business process management (IT-BPM) companies will boost the real estate leasing industry.

FILRT made this statement following the announcement of the Fiscal Incentives Review Board it expects the IT-BPM sector to fully-transition to on-site office operations after March 31, 2022, in line with its Resolution 19-21.

This move is expected to boost leasing particularly the office segment as IT-BPM companies rebuild their onsite footprint, FILRT said.

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“Bringing operations back to highly equipped sustainable workspaces will not only increase productivity and provide stable connectivity but will also assist workers to deal with WFH (work-from-home) social challenges. We expect that this shift will boost our economy with a push towards job creation, consumer spending, and business growth,” said Maricel Brion-Lirio, FILRT president and chief executive officer.

FILRT said it is positioned to benefit significantly from this transition as its portfolio has one of the largest percentages of IT-BPM tenants among Philippine REITs at 90.8 percent. – Irma Isip

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