By Vincent Mariel P. Galang
KMC SOLUTIONS launched its 36th co-working and office space in Filinvest City in Alabang, Muntinlupa City.
“This particular area, Filinvest City, is future ready. It has very good road infrastructure. It has transportation hubs that are very near here. The South Station is just less than a kilometer away, and then… Festival Mall, which we all know, has a lot of transportation options, as well,” Tracy G. Ignacio, chief operating officer of KMC Solutions said during the launch on Feb. 21.
While the area is booming, Ms. Ignacio noted Filinvest City also has space for future development and growth.
“The vacancy in this particular area is very low. All offices that got built got sold. Really, it’s a booming location,” she added.
Ms. Ignacio cited a study by KMC Savills, which found that vacancy in the area has remained below 5% and is expected to remain at the same level in the next two years.
KMC currently occupies one floor in the One Griffinstone building in Filinvest City, a township development by the Filinvest Development Corp. (FDC). The 1,600-square meter (sq.m.) facility can accommodate around 270 workstations. It also features private offices that can accommodate up to a hundred people depending on the set up.
All private offices have floor to ceiling windows, and have a manager’s office that can be converted into a meeting room. The offices have a community area, where members can engage with each other.
Other amenities include a pantry, conference rooms, phone booths, clinic and lactation room, and a training room for health activities like yoga and pilates.
“We really want to make our facilities where… if had you to work on a Saturday or a Sunday, should you work from home? Should you work from a coffee shop or you can come back to a KMC Office? We want to make it that attractive,” Gregory Kittelson, chairman and co-founder of KMC Solutions, said during the launch.
The One Griffinstone building is also Philippine Economic Zone Authority accredited, which makes it a good location for foreign companies. It is currently at its pre-leasing, which is now at 20%.
KMC Solutions officials noted Muntinlupa is the ninth city where the company has a presence in, after Makati City, Quezon City, Pasay City, Mandaluyong City, Taguig City, Pasig City, Iloilo City, and Cebu City.
In the first two months of 2019, KMC Solutions launched five floors, including the Alabang Site, while two are in Ortigas and two are in Makati.
“This year will be a very big year for KMC as we expand aggressively. From now until the end of the year, we’re projecting to have 4,000 more seats, and that’s about 20,000 sq.m. of office spaces across different places because again we want a KMC near you,” Ms. Ignacio noted.
Currently, the co-working space provider has 57,151 sq.m. of space or 10,367 seats across different cities. By the end of the year, it targets to add about 20,185 sq.m. of space or about 3,863 seats to its portfolio. This should bring its total footprint to about 77,236 sq.m. or more than 14,229 seats.
“These are a lot of numbers, but at the end of the day if we look at these numbers… that means 14,000 jobs. It generates 14,000 jobs in different areas of the Philippines, so that’s what we try to contribute. Not just as a company that is profit relevant, but also as a contributor to the entire economic growth of the Philippines, as well,” Ms. Ignacio said.