Ayala Land, Inc., (Ayala Land) is revving up its construction of business process outsourcing after putting the plan in the backburner as early as 2008, with the company now initiating the activities again in areas like Bacolod, Cavite, and Quezon City, among others.
Ayala Land president Antonino Aquino, in a chance interview, said they are ramping up establishment of new office spaces, particularly in provincial locations, as they track the direction of locators’ preferences.
“I think we had announced some, an example is our BPO in Iloilo, (and) Bacolod. Because I think that is where it’s now better to do (this kind of projects),” said Aquino.
“We have the ones in Baguio…in Manila you have several of that. I guess we have announced what we are doing here in Glorietta 5. In Glorietta 2 we will also have BPO buildings there as well,” he added.
As of end-2009, Ayala has a total leasable space of 347,000 sqm of which 67 percent has been occupied as of end-June, compared to 58 percent a year ago.
Prior to the resumption of construction, Ayala Land has placed its office space projects on a “push button” mode to keep pace with the declining demand at that time.
Early this year, Ayala Land has announced jumpstarting the construction for Two Evotech, Iloilo BPO, Bacolod and Baguio, Cavite, and Cebu Peak A, all six locations totals 56,000 sq.m.
As of mid this year, the projected construction in six locations has increased to 11 with five already launched — Baguio, Ayala Center redevelopment, Two Evotech, Cebu, and Iloilo.
Set for launching for the rest of the year are BPO projects in Bacolod, Bonifacio Global City, UP Technohub, Pampanga, and Vertis in Quezon City.
For the first semester, revenues from Ayala Land’s office building reached P844 million, compared to P788 million last year. The 7 percent increase in office building revenues was generated by the significant growth in occupied BPO office GLA (gross leasabe area), which increased by 40,296 square meters compared with end-June 2009, the company said.
Source:http://www.malaya.com.ph/08312010/busi10.html
