Office landlords' response to business conditions

Business Mirror

Apr 20, 2022

EXCERPT


In response to the continued demand from the business-process outsourcing (BPO) industry, Araneta City has added an office district to its original lifestyle, entertainment and residential sections. One of the attractions of Araneta City is its strategic access to multimodal transport cities.


John Castelo, senior vice president for business development of the Araneta group told the BusinessMirror in an e-mail interview that the Araneta City Cyberpark, an office superblock with state-of-the-art business facilities and a retail podium to give workers proximate dining and shopping options. Cyberpark, features a convergence of green public spaces and private workplaces.


Castelo said the Cyberpark complex will give rise to five towers with a combined floor area of over 500,000 square meters. The completed Cyberpark 1 and Cyberpark 2 now house major companies and some of the biggest names in the BPO space. Completion of Cyberpark 3 is expected in 2024.


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