3 BPO companies set up shop at Mactan Newtown

Posted at 03/27/14 2:30 PM

MANILA, Philippines - Megaworld Corp. said three business process outsourcing companies are setting up shop in its new township project in Lapu Lapu City, Cebu

The Mactan Newtown's first office tower, One World Tower, is now fully leased out by two international BPO-IT companies – US-based Enfra USA and Results Manila. Both companies employ more than 2,000 employees.

The second office tower, Two World Center, is expected to open in June. Manulife has leased out the entire building for its operations in Cebu.

"We now have three BPO locators in the township and all of them are first time locators in Cebu. This is a clear indication that several BPO companies are eyeing on Mactan as their next hub, and that a Megaworld township remains to be their top choice," Megaworld first vice president Jericho P. Go said in a statement.

Megaworld expects Mactan Newtown to generate 45,000 jobs in the next five to seven years.

Go said the company is building at least five to ten more office towers in The Mactan Newtown by 2021 to reach the target of 150,000 square meters of office space inventory.

"Due to an overwhelming demand of office spaces and significant growth of the BPO industry in Cebu, we are doing a massive infrastructure push in The Mactan Newtown. We have received inquiries left and right from top BPO companies that are interested to set up operations in our township," he said.

The Mactan Newtown will also have its own beach. Last January, Megaworld said it is developing the former Portofino Beach to form part of the township.

"The Mactan Newtown will be the first cyberpark to have its own beach. This will make living, working, and playing in our township more exciting than what it used to be," he said.

In the second half of 2014, Megaworld said offices at the 8 Newtown Boulevard will also start operations, offering an additional 35,000 square meters of office space inventory.

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 allocated P20 billion for the development of The Mactan Newtown in the next five to seven years.