Developers told to expand offshore gaming services
Colliers International Philippines, a global real estate consultancy firm, has called on property developers to be more accommodating, and to provide for expansion of gaming firm tenants. Providing office floor cuts, implement creative leasing schemes, and offering non-Philippine Economic Zone Authority registered buildings to offshore gaming firms are among the things developers could do, Colliers said. The firm said developers should take advantage of the opportunity as offshore gaming is expected to continue growing in the country and to push demand for office space. Colliers, in its third quarter report on Metro Manila’s property sector, disclosed that gaming firms accounted for 280,000 square meters leased in transactions during the first three quarters of the year. Colliers said two-thirds of these transactions were done in the Bay Area central business district, Alabang in Muntinlupa City, and the Makati City CBD. These locations will become key hubs for gaming operations over the next 12 months.
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