May 21, 2018, Cebu – Cebu’s very own homegrown developer, Alpa Land, Inc., has signed a deal with global real estate services company Colliers International Philippines to manage the leasing of their latest development, the ADG I.T. Tower.
Barbara Gothong-Tan, Alpa Land, Inc.’s Chief Executive Officer said of the partnership, “Colliers International’s team has demonstrated their service excellence and market knowledge and we are happy to have them as our partner in achieving our growth targets.”
ADG I.T. Tower is an 8-storey commercial building with a roofdeck. Located in a safe and secured environment in Subangdaku, Mandaue City, the development is PEZA certified, very accessible via public transportation and is fully-equipped with electrical and auxiliary provisions for I.T. requirements. The ground floor has allotted commercial spaces for business, dining and leisure and the building sports flexible interior layouts.
“We are excited to work with a dynamic, home-grown developer such as Alpa Land and we are looking forward to a fruitful partnership,” said Andrew Gomez, Colliers’ Director for Offices Services – Landlord Representation.
The building is projected to generate interest from both BPO and traditional occupants. “The demand for office space in Cebu is primarily driven by a dynamic services sector which covers more than half of Central Visayas’ economy. The economic subsegment has been getting a boost from Cebu’s outsourcing sector. The expansion of current Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) locators, as well as continued influx of new players has been sustaining office space absorption in the city,” added Gomez.
“We at Colliers International Philippines believe that the continued demand for office space should propel both traditional and outsourcing firms to gravitate towards emerging business hubs such as Mandaue city. This should fuel demand for new office towers in the city such as ADG I.T. Tower,” stresses Gomez.
The contract signing was held at the office of Alpa Land, Inc. in Mandaue City last January 25, 2018.
Signed and sealed. Cebu-grown property developer Alpa Land, Inc. has appointed global real estate services company Colliers International to manage the leasing of their development, the ADG I.T. Tower. In photo (L-R) Colliers’ General Manager for Cebu, Gerard Padriga; Alpa Land’s Chief Executive Officer, Barbara Gothong-Tan; Colliers’ Director for Office Services – Landlord Representation, Andrew Gomez; Alpa Land’s Director, Benjo Gothong and Colliers’ Manager for Office Services – Landlord Representation, Porman Belgica.
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