Real estate leasing to experience boost as BPOs return on-site – FilREIT
Real estate investment trust Filinvest REIT Corp (FilREIT) is expecting real estate leasing to increase as Business Process Outsourcing (BPO) companies return to their offices this April.
FilREIT CEO Maricel Brion Lirio said that the return-to-office order would boost the economy with a push toward job creation, consumer spending, and business growth.
He added that “bringing operations back to highly equipped sustainable workspaces will not only increase productivity and provide stable connectivity, but will also assist workers to deal with WFH social challenges.
FilREIT has one of the largest percentages of BPO tenants among Philippine REITs at 90.8%. This positions them to benefit from the shift in working arrangements.
Filinvest REIT’s portfolio consists of 17 rated Grade A office buildings across various economic zones in the country. The company is host to global BPO tenants across its over 300,000 square meters of prime leasable spaces.
Last February, the Fiscal Incentives Review Board (FIRB) reiterated the Resolution No. 19-21 that limits the work-from-home arrangements of the BPO industry to until March 31 only.
