LIMA Tower One looks to attract BPO companies

LIMA Tower One is set to become the first office tower registered with the Philippine Economic Zone Authority (PEZA) within the 794-hectare LIMA Estate in Lipa-Malvar, Batangas.

Aboitiz InfraCapital recently appointed Leechiu Property Consultants (LPC) as the exclusive broker of the 11-storey office tower.

Currently under construction, LIMA Tower One offers a gross leasable area of 23,000 square meters. It will be the first of seven towers in LIMA’s emerging Central Business District.

Rafael P. Fernandez de Mesa, president of LIMA Land, Inc. and head of Aboitiz InfraCapital Economic Estates, said the towers are designed to host business process outsourcing (BPO) companies.

“LIMA Estate is within a 10-kilometer radius of 23 colleges and universities. Their graduates represent a fresh untapped labor pool for BPOs whom we hope to attract to LIMA Tower One,” he said in a statement.

LPC Chief Executive Officer David Leechiu noted that BPOs have continued to drive office space demand even during the pandemic.

“For as long as outsourcing remains an attractive solution for companies in the West, office take-up will keep expanding in the Philippines especially in PEZA-accredited locations outside Metro Manila like LIMA Estate,” Mr. Leechiu said.

Aboitiz InfraCapital also partnered with the Philippine Green Building Council in securing BERDE certifications for its buildings, including LIMA Tower One. It will also be involved in a pilot program for district certification for the entire LIMA Estates.

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The article was originally published in Business World.