Eastwood City Cyberpark readies new BPO bldg

MANILA, Philippines - Eastwood City Cyberpark is set to mark another milestone this 2011 as its 11th business process outsourcing (BPO) office building will be turned over by November.

The new tower, TechnoPlaza Two, lies along Orchard Road right across the boutique Eastwood Mall. It will have seven floors of office space and two floors of basement parking. With a gross floor area above 34,000 sq.m., TechnoPlaza Two brings the Cyberpark’s total office stock at the threshold of 300,000 sq.m.

Retail areas on the ground floor plus a spacious supermarket, occupying more than 4,600 sq.m., on the second floor will serve the shopping needs of the Eastwood City community. An elevated bridgeway will link the two buildings so that locators’ employees can readily access Eastwood Mall’s many dining and shopping options.

With the building’s large floor plate, TechnoPlaza Two can accommodate up to about 4,000 new workers in total among its locators.

“As the local BPO industry is forecast to generate US$11 billion this year in revenues, up from $9 billion in 2010, the country’s first and largest cyberpark continues to help the industry grow faster. By next year, the industry forecasts $13 billion in revenues and by then TechnoPlaza Two’s locators would have contributed to the country’s BPO revenues. As we expand our facilities, we will undoubtedly entice more topnotch corporate locators to call Eastwood City Cyberpark their home. Together, we will help the industry reach $25 billion in revenues by 2016,” Megaworld FVP for Business Development Jericho Go promised.

The 2016 goal is important, as the Philippines, the world’s #2 BPO destination, is expected to eclipse current #1 India’s $12.4 billion BPO industry by that year. Since 2008, the Philippines’ offshoring and outsourcing industry registered a compounded annual growth rate (CAGR) of 27.6%, whereas India only registered 11.92% over the same period.

New and expanding BPO firms may know more details on the benefits of locating at TechnoPlaza Two by calling Eastwood City Cyberpark at 912-0708 or checking out www.megaworldcorp.com.