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Megaworld bares P1.2-B office towers

BACOLOD CITY – Property giant Megaworld will spend P1.2 billion for the construction of two Business Process Outsourcing office towers inside its 34-hectare The Upper East township here.

This was announced by Megaworld chief strategy officer Kevin Tan at Sugarland Hotel here yesterday.

Tan said the construction of the two office towers will start next year and is expected to be completed by 2022.

The two office towers, which will be called No.1 Upper East Avenue and No.5 Upper East Avenue, will offer around 17,000 square meters of office spaces, particularly for the Information Technology-BPO sector.

It will be strategically located on the township’s main avenue, the six-lane Upper East Avenue which connects the city’s main streets of Lopez Jaena and Circumferential Road.

Both towers will be facing the soon-to-rise Upper East Mall, and they will sandwich the township’s central park.

“These two new office towers will be Megaworld’s first office developments here, and we look forward to bring in new BPO locators to the city,” Tan said.

“We want to show that Bacolod is really a primed location for BPO expansion,” Tan said, adding that the city has potential and growth in the BPO industry.

Tan said that Philippines remains to be one of the most attractive regions for BPO because of the large young educated population, English literacy, and strong service culture here.

To be operated under our Megaworld Premier Offices brand, these Upper East Avenue towers will showcase the company’s signature state-of-the-art features in office developments-making them the most modern offices to rise here, he added. (Glazyl Masculino)