RLC expands office space footprint in QC

MANILA, Philippines — Robinsons Land Corp. (RLC), the Gokongwei-led property developer, has expanded its office space footprint in Quezon City, topping off recently its latest project, Zeta Tower, a 20-story building with 34,000 square meters of space.

In an interview, RLC general manager for office buildings division Faraday Go said the tower is strategically located and is seen catering to the information technology-business process management (IT-BPM) market, the services sector and other traditional office clients.

He also said the building is registered with the Philippine Economic Zone Authority (PEZA), the government’s main investment promotion agency, making it a more attractive option for clients as this means they can avail of tax incentives.

Zeta Tower, the company’s 20th office building, is in RLC’s 30-hectare Bridgetowne, an IT park along C-5 Road in Quezon City. The first phase of the Bridgetowne development is comprised of eight hectares, but Go said the full development would be on a sprawling 30-hectare property which will be done in phases for a period of 10 to 20 years.

Phase one of Bridgetowne will have seven office towers, a mall, a hotel and residential buildings.

“We’re catching the opportunity of strong office demand,” Go said.

Go said many BPOs continue to expand but are more cautious than in the previous years. Some BPOs, he said, reserve additional space for their requirements for the next three to five months instead of reserving for the next two years as what they used to do in the previous years.

He said office tenants would have a wide range of retail, service and dining options, green and sustainable building features and a large office floor plate.

It is also accessible through C-5 Road and Ortigas Avenue.

Go said Zeta Tower would be operational by the second half of the year.

Owned by the Gokongwei family, RLC is one of the leading real estate developers in terms of revenues, number of real estate assets, number of projects and total project size. It is engaged in the development of mixed-use properties.

These include the development and operation of shopping malls, office buildings and hotels, as well as horizontal and vertical residential housing developments, including socialized housing projects located in key cities.