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Seventeen new office buildings in different stages of
construction and planning are expected to meet the
strong demand for office space in Bonifacio Global City
(BGC) in the next three years.
Once
completed, the 17 edifices will make available about
340,000 square meters
of leasable space, complementing the existing fully
occupied 76,000 or so square meters spread in four
office buildings and on the second floor of Bonifacio
High Street. An indication of the growing attractions of
this premium business district, Bonifacio Global City
will have total office leasable space of more than
400,000 sq m by 2010.
Jun
Bisnar, head for commercial operations of Fort Bonifacio
Development Corp. (FBDC), said that “the high demand for
office spaces in Bonifacio Global City is due to the
fact that the business district is considered the
natural extension of the financial district in Makati.
It is near most of the headquarters of the top 100
corporations. At the same time, it offers a refreshing
work environment.”
He adds
that because of BGC’s proximity to Makati CBD, there is
a tendency to attract the same superior labor quality
and worker profile. The premier business district
further has several access points, which contribute to
the smooth flow of traffic in the area.
Another
attraction of BGC to IT firms and related industries is
the presence of a special economic zone offering fiscal
incentives to the locators.
The
existing office buildings enjoying 100-percent occupancy
rates are the FBDC-owned Bonifacio Technology Center and
the Hongkong and Shanghai Banking Corp. building, as
well as the Net Group-owned Net One and Net Square
structures.
Net
Group has three more buildings being developed—the Net
Cube, Net Quad and Net Plaza. Five other buildings which
are under construction are the Chancery of Singapore,
Fort Legend, Fort 26th, Total Corporate Center 1 and the
HanJinPhil Philippine headquarters.
An
office building earmarked for BPO locators will also be
developed by FBDC. Other office buildings that are in
the blueprint stage are projects of Daiichi and ADVL
Land Corp.
Further,
the corporate headquarters of the Philippine Stock
Exchange (PSE)—what is likely to be the crown jewel of
Bonifacio
Global City—is set to rise in the City Center. The PSE
headquarters will serve as a unified trading floor for
brokers now doing business in
Pasig and
Makati.
Multinationals and large companies like JP Morgan,
Deutsche Knowledge Systems, GE Money, GE Philippines,
Transnational Diversified Group and several
technology-based firms, such as Intel
Philippines,
Ericsson Philippines and Tetra Pak Philippines, among
others, have chosen Bonifacio Global City as their new
corporate address.
Bonifacio Global City, located in the progressive city
of Taguig, has also emerged as a favored location of
business process outsourcing companies, which have
snapped up allocated office spaces in Market! Market!
Only 2,700 sq m of spaces are available for lease in the
shopping complex. “We foresee that these remaining units
will be taken up within the next two months,” says
Bisnar. |
