Eton Properties eyes construction of more BPO offices, hotels

Eton Properties Philippines Inc. will construct more commercial centers, business process outsourcing offices and hotels in Metro Manila growth centers in the next five years to boost its leasing business.

In a statement Friday, Eton chief operating officer Danilo Antonio said they aim to take advantage of the promising prospects in the leisure, retail and BPO markets in the country.

“We are excited to introduce novel concepts to grow our property portfolio and recurring income that will sustain the company’s growth for the long-term,” he said. “Alongside the shift in business directions, we shall be realigning our organizational structure and business processes to better serve our target markets.”

Antonio said the move would help the company diversify its revenue stream and strengthen its position in the industry while sustaining its residential development business.

Office space is currently the company’s strongest contributor of recurring income as it continues to develop its property portfolio.

“Since the market continues to be strong, we are considering some adjustments in the Eton Centris master plan to accommodate future demand for office space and strengthen our BPO presence,” Antonio said.
     
“We are very happy with the high occupancy and lease rates in our office buildings given the strong demand from the outsourcing industry.  Centris Cyberpod Three in Quezon City, the company’s sixth BPO office building is scheduled to be competed by yearend.  Given strong demand for office space, the building is expected to be pre-leased even before turnover,”Antonio said.

Eton is also developing a new lifestyle mall within Eton Centris, and is set to open another commercial strip dubbed Village Walk in its flagship project in Sta. Rosa, Laguna.

Since it started operations, Eton, the unit of taipan Lucio Tan’s holding firm LT Group Inc.,
has launched a total of 47 projects. — KBK, GMA News