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More BPO/Call Center Sites..

Originally Posted by JAMAICUS View Post
Net Group in P5-B BPO building frenzy
By Elizabeth L. Sanchez

NET GROUP, a developer catering to business process outsourcing (BPO) firms, said it would invest roughly P5 billion in BPO building projects in the Fort Bonifacio Global City, near the Makati business district, to meet growing demand, a company official said.

The investment will cover improvements and additional development costs in three BPO buildings -- Net Square, Net Cube, and Net Quad -- Net Group director Carlos S. Rufino said.

Net Square, which was completed in July 2006, has 22 floors with a total of 18,000 square meters of leasable space. It was fully leased six months before it was completed.

Net Square comes after Net 1, the group's flagship BPO development completed in 2001, which has 14,500 square meters of total leasable area.

Major tenants of Net 1 and Net Square are Sony Ericsson, Quisumbing Torres Law office, which is the local partner of global law firm Baker & McKenzie, WeServ, which is the BPO arm of Fujitsu, and Digital Media Exchange, which publishes and distributes multiplayer online games through its computer game publishing division

This year, construction has begun on the 23-storey Net Cube, which will offer 19,200 square meters of leasable space. The building is expected to be completed in August next year.

At end-2006, construction will start on Net Quad, a 15-level "double building" that will offer 28,800 square meters of leasable space.

Including Net 1, Net Group's total projected investment in BPO buildings in Fort Bonifacio is estimated at P6 billion.

"We feel we're in the right place, and we are putting our money where our mouth is," Net Group chairman Jacques Dupasquier said in a phone interview. "We are building quickly to meet increasing demand for our buildings."

Data from the Board of Investments indicate BPO workers may increase to 200,000 at end-2006 and reach one million workers in 2010.

Net Group is owned jointly by the Rufino and Dupasquier families.

"2007 is a good year to finish up BPOs because the supply has not caught up with the demand, so there is a premium on anything that can be finished next year," Rufino said.

Among the Philippine companies that have heavily invested in BPO projects are Megaworld Corp., with its pioneer project Eastwood City in the Libis of Quezon City; Ayala Land Inc. through its buildings for PeopleSupport, Convergys, InfoNXX, and a future BPO campus in the Canlubang area of Laguna province; the Filinvest group through Northgate Plaza in the suburban town of Alabang; and Robinsons Land Corp. through Cybergate Center in Mandaluyong City.

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