In its latest property market briefing poll, Colliers Philippines said that property developers and investors are aggressively and proactively looking for opportunities especially now that the Philippine economy is reopening.
“In our poll, 67 percent of respondents said that their employers are already executing back-to-office plans, which in our opinion should support office leasing recovery beyond 2022,” Colliers said. Moreover, Colliers recommends that tenants renovate their offices to support their back-to-office and hybrid plans.
Colliers also urged collaboration between government agencies and the private sector in keeping workplaces safe is crucial in ensuring business continuity.
Responding to the needs of the BPO industry
In response to the continued demand from the business process outsourcing (BPO) industry, Araneta City has added an office district to its original lifestyle, entertainment, and residential sections. One of the attractions of Araneta City is its strategic access to multimodal transport cities.
John Castelo, senior vice president for business development of the Araneta group told the BusinessMirror in an e-mail interview that the Araneta City Cyberpark, an office superblock with state-of-the-art business facilities and a retail podium to give workers proximate dining and shopping options. Cyberpark, features a convergence of green public spaces and private workplaces.
Castelo said the Cyberpark complex will give rise to five towers with a combined floor area of over 500,000 square meters. The completed Cyberpark 1 and Cyberpark 2 now house major companies and some of the biggest names in the BPO space. Completion of Cyberpark 3 is expected in 2024.
Other options for office spaces are the Gateway Tower and Aurora Tower, both of which are conveniently linked to MRT3 and LRT2 lines and public transport along Edsa, Aurora Boulevard, and P. Tuazon Avenue.
“We offer these property developments to companies and locators who are looking at having a better atmosphere for business growth. They are part of a master-planned community that caters to all aspects of living and supports a live-work-play mantra,” Castelo said.
In addition, Castelo pointed out companies will be provided with world-class business Internet user experience through InfiniVAN, which deploys an ultra-speed fiber-optic network infrastructure in Araneta City to provide up to 5G wireless Internet connectivity.
Great place for work-life balance
In response to the new normal caused by the global pandemic, the Gotianun-controlled Filinvest Alabang Inc. is positioning Filinvest City as a go-to-place for businesses that are looking for locations that offer a great work-life balance.
“Filinvest Alabang Inc. has always been forward-thinkers. This mindset has allowed us to quickly adapt to the current normal, allowing us to offer a host of properties that cater to the varying needs of our market. It’s no different for Parkway, which has different units that can be customized to fit the vision of companies as they upgrade their business in the new normal,” Daphne Sanchez, first vice president, Filinvest Alabang Inc. told the BusinessMirror in an e-mail interview.
With landscaped path walks and bike lanes, Sanchez believes the location of Filinvest City is a central business district that promotes good worklife balance.
Being in a live-work-play CBD, Sanchez added Parkway lessens the carbon footprint as employees don’t need to travel far because lifestyle and essential establishments are in close proximity. Sanchez says Parkway sets the corporate tone within the city as it is specifically located at the exit of Slex coming into Filinvest City’s economic core, the Spectrum District. With the Skyway, Filinvest City is also just 30 minutes away from the international airport, further making Parkway an ideal spot for every local or multinational business. Likewise, commuters can access Parkway as it is just across Festival Mall in Filinvest City, which offers transportation to Northern and Southern cities.
As a Leading in Engineering and Environmental Design (LEED) Certified development, Sanchez says Parkway promotes an eco-friendly, clean environment that encourages a sustainable lifestyle for its tenants. She adds that Parkway’s glass curtain wall is also double-glazed with a low e-coating to prevent heat and UV radiation.
By locating to Parkway, Sanchez says a company does not only acquire a prestigious address as it also gives the locator an opportunity to appreciate the building’s green features and the modern look and design that will surely give a premium to the business. “The fine aesthetics of Parkway exudes a credible and world-class office look providing a prestigious office building you can be proud to call your address,” says Sanchez.
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The article was originally published in Business Mirror and written by Rizal Raoul Reyes.