EASTWOOD CITY CYBERPARK No. 1 BPO HUB

Megaworld Corporation, known as a market leader in residential development, has established itself as a leading provider of office space to the business process outsourcing (BPO) industry.

The rapid growth of BPO companies in the country has pulled the office sector out of the doldrums. The sector now faces bullish prospects as call centers and IT companies lead a robust demand for office space not only in Metro Manila but also in other key cities in the country.

One real estate player that has profited from the BPO-driven upswing in the office market is Megaworld, whose pioneering Eastwood City CyberPark now ranks as a first-choice BPO center.

Today, the CyberPark hosts around 54,000 square meters of office space for major BPO tenants such as global information technology giant IBM, Citibank’s Asia Pacific Systems and Technology Solutions Development Center, largest Asia-based call center eTelecare, anti-virus software developer Trend Micro, animation company TOEI Animation Phils., custom power supplies provider EMERSON and its subsidiary Astec Power, Canon’s research and development arm Canon Information Technology Philippines and Linksys technical support center Link2Support.

The CyberPark showcases five existing office buildings: Citibank Square, IBM Plaza, Cyber One, TechnoPlaza One and Customer Contact Center or C-Cubed. IBM Plaza boasts a mere three percent vacancy rate, Cyber One is almost fully taken up, while all other buildings including Eastwood Corporate Plaza (now Epixtar House, the Philippine headquarters of call center company Epixtar) are 100 percent taken up. The International Centre for Information Technology Education is also home to several BPO companies.

Given the uptick in demand for BPO-friendly office space, Megaworld is looking to expand the cluster of towers in its corporate block. Construction is set to start for 1880 Eastwood Avenue, a high-tech office building that is slated for completion by the first quarter of 2007. This will be followed up by two more office projects: Cyber Two and Cyber Three.

Though a number of IT zones for BPO players have followed in its wake, the CyberPark remains the workplace of choice for the country’s sunrise industry. Aside from state-of-the-art infrastructure, the CyberPark boasts a comfortable 24/7 lifestyle supported by Eastwood City’s burgeoning residential section and a popular lifestyle and leisure center, Eastwood City Walk 1 and 2.

The CyberPark offers BPO companies other benefits such as a package of incentives approved by the Philippine Economic Zone Authority as well as a strategic central location close to key areas in Metro Manila.

For more information, pls. contact: Megaworld Corporate Communications Department

Tel.: 867-8826 to 40 loc. 280, 8678807 • Fax: 867-8903 • Email: [email protected]