Robinsons Land Corporation (RLC) will spend more than P500 million for the construction of Cybergate Center Tower 2, a 28-storey office building that will cater to BPOs and call center locators.
Cybergate Center Tower 2 is expected to ready for occupancy by the third quarter of 2006. It will be located at the corner of EDSA and Pioneer St. Mandaluyong City, just a few meters away from the MRT Boni Station.
The construction of Cybergate Center Tower 2 comes in line with the success of Cybergate Center Tower 1, which is now fully occupied. Tower 1 is an 18-storey office building which has Accenture as one of its locators.
Depending on the demand of the market, RLC also has plans of constructing Cybergate center Towers 3, 4 and 5. All towers will be part of RLC’s mixed-use community that includes the Robinsons Place Pioneer Mall, Robinsons Cybergate Center Tower 1 and residential condominiums like One Gateway Place, Gateway Garden Ridge and Gateway Garden Heights.
"Inspired by the success of Tower 1 and interest expressed by global outsourcers for lease space, Robinsons Land looks forward in developing newer projects to serve future locators needs," RLC General Manager Danilo E. Ignacio said.
" For Tower 2, we have already received a lot of inquiries from a number of the world’s leading outsourcers, and like its predecessor, we were confident that Tower 2 will be substantially pre-leased before its completion," Ignacio added.
According to Ignacio, RLC’s office building projects aims to address the current office space demand of global outsourcing companies. He added shortage of space is projected in the next two years.
The annual take-up of office space for call centers and BPO’s is currently 150,000 square meters. Lease rate on the other hand is expected to increase, Ignacio noted.
" We’ve taken more integrated view by providing the best business value and convenience for our future locators. The columnfree office configuration, large floor area, PEZA registered, access to mass transport, proximity to employee bases and the conveniences offered by the adjacent mall added to its attraction," Ignacio stated.
RLC, the property development arm of JG Summit Holdings, Inc. has recently reported a net income of
P952.9 million for the nine months ended June 30, 2005, a 22 percent improvement from last year’s P781 million.
RLC earlier disclosed its revenues for the period grew by 13 percent to
P3.84 billion versus P3.4 billion last year. The company said bulk of its revenues came from its Commercial Centers Division which accounted for 60 percent of total revenues. Rental revenues from Commercial Centers stood at P2.29 billion, up by 11 percent from P2.07 billion last year. 
