Eton ramps up construction of new BPO buildings

MANILA, Philippines - Eton Properties Philippines Inc. is ramping up the construction of new office spaces catering to the business process outsourcing (BPO) industry to boost its portfolio to a total of nine office buildings by the first quarter of 2013.

Eton president Danilo Ignacio said the company aims to take advantage of the huge demand for office space particularly in the northern part of Metro Manila.

Ignacio said the company currently has five BPO buildings with a gross leasable area of 70,000 square meters.  By June 2013, Eton’s office GLA will increase by an additional 100,000 sqm.

He said the company’s mixed-use Eton Centris complex will have a total of seven BPO buildings. Following the success of the first building, the 13-story One Cyberpod Centris, the company will start construction of BPO 3 and 4 in the last quarter of 2012. These two buildings are slated for construction in the first quarter of 2013.

The entire 18,063-sqm office space in Two Cyberpod Centris, the second building set for completion by yearend, has been fully leased to a Fortune 500 company.

BPO 3 and BPO 4 will be bigger buildings each having 20 storys and one basement. Total area will be 42,000 sqm while gross leasable space amounts to 34,000 sqm per building.

Office space is currently the company’s strongest contributor of recurring income as it continues to develop its property portfolio.

Apart from Cyberpod Centris, Eton also developed Cyberpod Corinthian in Ortigas Center where a cluster of three fully leased four-story BPO buildings with a total space of 25,589 sqm had been constructed and fully leased. Eton Cyberpod Corinthian currently houses BPO firms Startek and Northgate Arinso.