Megaworld Corp. said new office space take-up for the first nine months of the year reached 214,000 square meters (sq.m.), up 12 percent from last year’s 191,000 sq.m.
The company said 36 percent of these leases were new deals mostly in Uptown Bonifacio, McKinley Hill, Southwoods City, and Davao Park District. Around 79 percent of these new sign-ups are from business process outsourcing (BPO).
The other 64 percent of the leases were renewals mostly from BPOs in Eastwood City, Uptown Bonifacio, McKinley West, McKinley Hill, and Iloilo Business Park, it added.
Roland Tiongson, Megaworld Premier Offices first vice president, said in Megaworld’s Iloilo Business Park, US-based BPO company Nearsol renewed its almost 3,000 sq.m. of office space in Three Techno Place, while adding another 2,000 sq.m. in the nearby Two Fintech Place.
In Southwoods City in Biñan, Laguna, US-based BPO company Valor Global Inc. took three floors of Southwoods BPO Tower 1 covering almost 8,000 sq.m., and also leased three floors in One Campus Place in McKinley Hill covering almost 6,400 square meters. – Ruelle Castro
