BPO growth to boost real estate demand: BDO Capital

BDO Capital and Investment Corp, the investment banking arm of BDO Unibank Inc., expects a robust demand for commercial real-estate properties this year due to the continuous growth in the country’s business process outsourcing (BPO) industry. In a statement, BDO Capital President Eduardo Francisco expressed bullishness in the country’s real-estate market. He said the market will remain robust this year as BPO companies continue to expand and take up commercial and retail space. The BPO sector’s expansion, he added, will also fuel demand for midmarket residential properties within and around central business districts.