Eton building 5th BPO hub in Centris QC
Eton Properties Philippines Inc., the property arm of the Lucio Tan Group, is expanding its leasing portfolio by building the fifth business process outsourcing (BPO) building and other retail outlets in its mixed-use estate Eton Centris in Quezon City.
“The outsourcing industry in the Philippines sees growth prospects which will result in increased demand for office space. Recurring income from office and retail spaces are currently the company’s strongest contributor to its bottom-line and we plan to expand our property portfolio with more office buildings and commercial projects to sustain our long term growth,” Josefino Lucas, Eton Properties deputy chief operating officer, said in statement on Tuesday.
Eton said the construction of Eton’s fifth BPO office building in Eton Centris would commence early next year as the first four BPO buildings had been fully leased out.
The fifth BPO building in Centris is seen to bring 39,992.28 square meters of new leasable office space to the market. The first four buildings had a total leasable space of 89,261.34 sqm.
All four existing BPO office buildings in Eton Centris are fully leased to prominent outsourcing companies including Genpact, Wipro, Hewlett Packard, Expert Global Solutions, Convergys, Mondelez and Unisys Philippines, the company said.
To strengthen the company’s leasing business, Centris Walk in Eton Centris will undergo expansion to accommodate more retail and dining space, the company said.
Aside from housing several BPO offices, Eton Centris is also home to Centris Station, a two-level commercial center anchored by a major hypermart. It also has the Centris Walk, a strip mall featuring an international mix of restaurants and lifestyle spots as well as Centris Elements, a 1,000-square-meter events venue.
In another location, Eton Cyberpod Corinthian has likewise been fully leased to Northgate Arinso and Sitel.
The company said it was also actively marketing “move-in-ready” units in several of its completed projects, namely, 8 Adriatico, Belton Place, Eton Parkview Greenbelt, 68 Roces, West Wing Residences at Eton City, and The Manors and West Wing Residences at North Belton Communities.
In the first nine months of the year, Eton grew its net profit by 203 percent year-on-year to P196.81 million. This was on the back of a 30-percent growth in year-on-year revenues to P1.88 billion. Doris Dumlao-Abadilla
