New Cebu office project attracts BPO
BUSINESS PROCESS outsourcing (BPO) companies continue to flock to Cebu City, particularly new projects such as the 21-storey Johndorf Tower.
According to Leechiu Property Consultants (LPC) executive director Phillip Anonuevo, Cebu City is the second most preferred destination of BPO, after Metro Manila, due to its labor force, infrastructure, and independent electric network.
“This works well for BPO firms implementing redundancy plans,” Mr. Anonuevo said in a statement.
LPC also noted Cebu accounted for 8% of the country’s total office demand of about 1.5 million sq.m. in 2018.
Johndorf Ventures Corp. (JVC) is hoping to take advantage of Cebu City’s booming office market with its first office project — the Johndorf Tower within Cebu Business Park.
The developer started construction of Johndorf Tower last February, and expects to complete it within two years’ time.
Johndorf Tower has a gross leasable area of 17,860 square meters (sq.m.) and offers large floor plates that can cater to the needs of BPO firms.
“It is one of the few new projects in Cebu City that complies with the Fire Bureau’s new building density ratio of 1 pax:4.6 sq.m.,” the company noted.
Johndorf Tower also aims to secure the Leadership in Energy and Environmental Design (LEED) silver certification.
JVC is a residential developer with townhouses and condominiums across the Visayas and Mindanao region.