Property developers lures more investments

Ace June Rell S. Perez

MORE Business Process Outsourcing (BPO) companies are expected to flock in Davao City as the Association of Mixed-Use Property Developers (AMPD) will set the standards for all homegrown developers to become the most preferred real estate investment haven in the country.

John Irene del Campo, external vice president for industry promotions of AMPD, said the booming information technology-business process management (IT-BPM) industry has a very positive impact to the development of real estate projects.

“With a lot of multinational BPO firms expanding here, we also are much more excited because surely we will be able to lease out a lot of available spaces,” she said.

She emphasized that developers has to come up with the standard that will meet the qualifications of leaseholders from different industries especial IT-BPM.

“With a lot of locators inquiring here, one of the emerging problems that we observed is that the designs are limiting factor because most of us built the structure first before the locators come, and when we built it is not based with the standards,” she said.

Del Campo cited that the basic requirement for BPO is 1,500 building plate (one floor) but most of the buildings less than the requirement. But she was quick to add that even if it is a limiting factor, still they were able to provide the space the locators needed.”

“We have learned for it, that is why we unified, set the policies to be more competitive for this year and next coming years, to really provide the increase in BPO locators,” she said.

Meanwhile, data from the AMPD showed that the latest development is the P200 million-IT building of JFM Development Corp. in Matina Town Square dubbed the Ayala Business Center.

The building has of 5,361 square meters of the structure will be available as leasable spaces for IT-BPM companies while 919 square meters would serve as commercial spaces.

AMPD auditor Andy Mark Villorente, head of asset management and leasing division of JFM Development Corp., said that the building is targeted to be launched next month.

“It will be available for leasing by April, now we already received queries from different companies that showed interest to locate in the building,” Villorente said.

He added that the property can accommodate a total of 2,940 contact center agents.

“The building is accredited by Philippine Economic Zone Authority (Peza),” he said. Peza-accredited building will enable the locators to fiscal incentives from the National Government.

AMPD is a private, independent, local association formed to provide the needs of the Real Estate industry and to promote its interests. At present, AMPD has six members; these are the Damosa Land Inc. Dominic and Sons Realty and Development Corporation, Felcris Centrale, JFM Development Corporation, Matina IT Park and Metro Ace Innovplas Corporation.

At present, the members of the AMPD have a total of 19,256 square meters of available spaces for IT-BPM locators. Bulk of these is the 10,000 square meter-available spaces of Felcris Centrale.