Megaworld’s The Mactan Newtown Poised to be Cebu’s next BPO Hub
Around 150,000 square meters of leasable space to be available for BPOs in the next three to five years.
Megaworld, the country’s leading real estate developer and biggest Business Process Outsourcing (BPO) landlord in the Philippines, announces that it is increasing its leasable office spaces for BPO companies within The Mactan Newtown due to the favorable economic climate that the country’s BPO industry is experiencing especially in Cebu.
“Megaworld is keen on expanding its office spaces for BPO companies inside The Mactan Newtown mainly because we see the significant growth of the BPO industry in Cebu. This we have observed in recent years,” says Jericho Go, first vice president, Megaworld.
Megaworld is expected to offer around 150,000 square meters of office spaces in the more than 20-hectare The Mactan Newtown within the next three to five years.
“We can actually add up more leasable office spaces if the demand is really high,” says Go.
He furthers that these recent developments are just part of the plan to propel Mactan Island as Cebu’s primary BPO hub. The Mactan Newtown is expected to generate around 40,000 full-time BPO employees by 2018.
“Cheaper labor, abundant manpower, affordable location, and right assistance from the local government make Cebu ripe for BPO businesses,” enthuses Go.
Results Manila comes to Cebu
Megaworld is bringing top international BPO companies to the township. One of the first businesses to set up office here is the Results Companies (Results Manila), the leading global provider of customer management and business process outsourcing solutions for over 20 years.
Results Manila is set to open its fifth call center in the Philippines. It is also its first office outside of Metro Manila at the modern five-level One World Center. The company is expected to employ around 1,500 BPO workers.
“Cebu is home to a great pool of talented, educated people with exceptional drive for exceeding customer expectations. We expanded our office in Cebu to allow us to diversify our locations for our clients and internal business continuity planning,” says Kevin Betts, vice president for Facilities Development and Administration, Results Manila.
The Mactan Newtown is Megaworld’s biggest township project so far in Metro Cebu. It promises to provide premier residential communities with the finest amenities, upscale hotels, premium commercial establishments, BPO office towers, to name a few.
“The urban landscape of The Mactan Newtown provides great opportunity for BPO companies to invest here in Cebu,” says Go.
The Mactan Newtown has been declared a ‘Special Economic Zone’ by President Benigno S. Aquino III under presidential proclamation number 407. This places the township development under the Philippine Economic Zone Authority (PEZA), which allows businesses inside to enjoy various privileges such as tax incentives and holidays.
Megaworld has earmarked P20 billion for the development of The Mactan Newtown in the next five to seven years.