Filinvest, Cebu province ink deal for BPO project

CEBU, Philippines - Filinvest Land Inc. recently signed a Build-Transfer-Operate agreement with the Province of Cebu. Under the agreement, Filinvest will construct BPO buildings in a 1.2 hectare property owned by the Cebu province located in Salinas Drive, Barangay Lahug, Cebu City.     

The lot is formerly the site of the Bagong Buhay Rehabilitation Center (BBRC) and is beside the Asiatown IT Park where prominent names in the BPO industry are located.

The first BPO building is scheduled to break ground in May 2012.

Says FLI President and CEO Joseph M. Yap, “We are bullish about Cebu and we are confident about the Cebu Government.” The construction of a BPO edifice is expected to generate about 3,000 to 5,000 jobs for the Cebuanos. 

Filinvest has an extensive experience in developing a BPO complex being one of the pioneering companies engaged in IT-BPO projects in the Philippines.

It constructed its first IT-BPO campus in Filinvest Corporate City Alabang, Muntinlupa City.

“The way we are doing it here in the Provincial Government is not to dispose or sell property in order to realize revenues. We take stock of our existing prime lots and realize what is attractive to the private sector for development based on our terms,” says Cebu Governor Gwendolyn Garcia.

Filinvest is also in the midst of developing Citta di Mare, a new city at the heart of South Road Properties. Spanning 50.6 hectares, Citta di Mare features the Il Corso waterfront lifestyle strip and a 40-hectare resort town with themed communities.

Filinvest is a leading and trusted developer for almost 50 years. With a diverse property portfolio spanning the archipelago, the company has over 2,100 hectares of development catering to more than 120,000 Filipino families. (FREEMAN)