Corporate News

Wilcon Builders to convert some existing stores into BPO office space

Posted on March 23, 2015

CONSTRUCTION supplier Wilcon Builders Supply, Inc. is cashing in on the growing demand for office space, with plans to “redevelop” its branches in Quezon City and Alabang fit enough to house business process outsourcing (BPO) companies.

Its first venture into office leasing was in January through Wilcon I.T. Hub, and office space at the 15-storey building in Chino Roces Avenue in Makati City have already been pre-committed as of last week, property consultant Jones Lang LaSalle (JLL), the exclusive marketer of the project, said in a statement.

“Wilcon is exploring other properties in its portfolio of… 33 locations nationwide, which it can redevelop to cater to the fast-growing office market,” JLL said in the statement.

“By offering spaces above their retail outlets in strategic locations, they are achieving the highest and best use of their property.”

The fast take-up of Wilcon I.T. Hub was attributed to its 3,300-square-meter (sq.m.) floor plate, which is “rarely seen” in an industry that has an average size of 1,500 to 3,000 sq.m. for a traditional BPO building.

BPO companies require large floor plates “to conduct operations efficiently, reduce construction and operating costs, and enable better synergies among employees,” JLL said.

Wilcon I.T Hub is leased at P750 per sq.m. a month. -- Daphne J. Magturo