RLC signs lease deal with global outsourcing firm

An article published in The Philippine Daily Inquirer, August 28, 2006
By Elizabeth L. Sanchez

Robinsons Land Corp., the real estate firm of the Gokongweis' JG Summit Holdings Inc., has concluded a major leasing deal with global outsourcing and management firm Accenture Inc.

Under the deal, Accenture will lease a space with a floor area of 30,000 square meters in Robinsons Cybergate Center 2 (RCC2) in Mandaluyong City.

In a statement, RLC said this was so far the biggest office building lease transaction in the Philippines involving a single corporate occupant.

Almost fully leased-out even before completion, RCC2 is a modern 28-storey prime office building at the corner of Edsa and Pioneer St. in Mandaluyong City.

RCC2 is part of the mixed-use community that includes the Robinsons Place Pioneer Mall, Robinsons Cybergate Center (RCC) Tower 1 and residential condominiums Gateway Garden Heights, One Gateway Place and Gateway Garden Ridge.

Inspired by the success of RCC2, RLC is now considering fast tracking the launch of Robinsons Cybergate Center Tower 3 to meet the office space demand of global outsourcing companies. For its third tower, the publicly listed firm said it was already receiving reservations and inquiries from several of the world's leading outsourcing compaies.

Driven by the continued expansion and need of global outsourcing firms and other data-information companies for office space, the shortage of office building space is projected to continue in the next two to three years.

Per industry figures, the annual take-up of office space for call centers and business process outsourcing firms is currently estimated at 150,000 square meters. The current lease rate in the Philippines continues to be one of the cheapest rates in Asia and this further attracts global outsourcing firms to seriously consider moving their backroom facilities in the Philippines.

Almost the same period last year, the giant outsourcing firm Accenture leased from RLC 16,000 square meters at RCC Tower 1. Leading international real estate services firm, CB Richard Ellis, represented Accenture in both deals.

RLC executive vice-president Frederick D. Go, said "This latest transaction reinforces the position of Robinsons Land Corp."

RLC has the widest selection of sites for global outsourcing companies with more than two dozen commercial and office buildings located nationwide--helping companies in acquiring their ideal location for business, fully spreading their business risk and enhancing disaster recovery capabilities.

The property giant has existing lease agreements with most of the world's largest outsourcing firms today: Accenture Inc; Convergys Philippines Services Corp; Hellocorp Philippines Inc; Hewlett-Packard Philippines; Influent Philippines Inc; PacificHub Corp.; PeopleSupport (Phils.) Inc; Sitel; TeleDevelopment Services Inc; TeleTech Customer Care Management (Phils.), and Winsource Solutions (Phils.) Inc.

 

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