Tuesday, May 11, 2021

Andrew Tan’s Megaworld reigns supreme in Iloilo office market

The Andrew Tan-led company reigned as king of large leases with a total leasable office portfolio of 100,000 square meters in nine completed towers within its 72-hectare Iloilo Business Park.

These office towers include One Techno Place, Two Techno Place, Three Techno Place, One Global Center, Two Global Center, Festive Walk 1B, Richmonde Tower, One Fintech Place,and Two Fintech Place.

Megaworld said all office towers are 100% occupied by mostly business process outsourcing (BPO) companies catering to healthcare, insurance and finance, security and customer service,

“In the middle of the strict lockdowns last year, we have received inquiries for available office spaces in Iloilo Business Park. Quite a number of our existing clients in Metro Manila have had strong interests about expanding in Iloilo. And they were very particular about being inside Iloilo Business Park,” said Roland Tiongson, first vice president, Megaworld Premier Offices

Last year alone, Megaworld closed lease deals with seven companies involving almost 28,000 square meters of office space.

“This is now the brightest spot in our office leasing business, and we are very happy that our Iloilo township has been an attractive location to many multinational companies,” Tiongson said.

To cement its position in the sector, Megaworld is building the 12-storey Enterprise One, which is envisioned to be the tallest office tower in the Iloilo township once completed by 2023.

 SOURCE: Bilyonaryo

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