Global BPO firm Gear Inc. opens first Philippines office
MANILA, PHILIPPINES — Gear Inc., a global business process outsourcing (BPO) company, has signed a lease agreement with Filinvest REIT Corp. (FILRT) for its first office in the Philippines.
This marks a significant milestone for both companies as Gear Inc. expands its operations into the country.
State-of-the-art facilities for Gear Inc.’s strategic growth
The agreement includes the lease of 1,993.10 square meters of premium office space in FILRT’s Filinvest One Building, located in Northgate Cyberzone, Filinvest City, Alabang, Muntinlupa City.
The Grade A, PEZA-accredited, and EDGE Advanced-certified office building will provide Gear Inc. with a state-of-the-art facility to support its growing business needs.
The lease also includes an expansion option within the same building, allowing for future growth.
FILRT President and CEO Maricel Brion-Lirio expressed enthusiasm about the partnership, stating, “We are thrilled to welcome Gear Inc. to our Northgate Cyberzone Community. This lease agreement reflects our dedication to providing world-class office spaces that attract companies in the technology sector.”
This expansion into the Philippines aligns with Gear Inc.’s commitment to driving business growth and fostering innovation. The new office space will provide a dynamic, collaborative, and sustainable environment for its employees, supporting the company’s strategic growth initiatives in the region.
Gear Inc.’s global coverage
Headquartered in Singapore, Gear Inc. is a global player in the BPO industry, established in 2007.
The company employs over 6,000 professionals across multiple countries. It specializes in providing top-tier services to leading global brands by investing in technology, people, and operations.
Gear Inc. COO Tan Seow Tien Desmond praised the quality of FILRT’s facilities, saying, “Northgate Cyberzone buildings are exceptional in infrastructure, business continuity, and sustainability. Having visited offices across Asia, the FILRT office buildings stand out for their world-class quality, comparable to the Singapore standard.”
FILRT’s new leases quadruple amid Philippine BPO boom
As FILRT continues to attract high-quality tenants like Gear Inc., it reinforces its position as a leading provider of premium office spaces in the Philippines.
This partnership benefits both companies and contributes to the growth of the Philippine economy by attracting foreign investment and creating job opportunities in the BPO sector.
In 2023, FILRT reported signing 20,139 square meters (sq.m.) of new leases, a substantial rise from the 5,087 sq.m. recorded in 2022.
This surge in leasing activity is attributed to the expansion of two BPO companies, which alone accounted for 2,630 sq.m. of the new leases in the fourth quarter of 2023.
Additionally, traditional tenants contributed 4,512 sq. m. to the new leases, highlighting FILRT’s diversified tenant base.
