BPO sector remains a bright spot for PH – CBRE

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ABS CBN.com

17 January 2013

http://www.abs-cbnnews.com/business/01/17/13/bpo-sector-remains-bright-spot-ph-cbre

Mornings @ ANC January 2013 Interview

https://www.youtube.com/watch?feature=player_embedded&v=p_epodsnlmU

Real estate advisory firm CBRE says the Philippines has strong fundamentals to sustain its growth in the next five years.

CBRE chairman Rick Santos says the Philippines will remain a lifeboat for the European and US economies especially when it comes to outsourcing products and services.

In an interview on Mornings@ANC, Santos said he expects the business process outsourcing sector to remain a bright spot and to drive demand for real estate.

“This is a great time for the Philippines. This is the best market I’ve ever seen in last 20 years and it’s driven a lot by demand from office sector, call centers, BPOs, shared services companies that outsource their work here. We see that sector being a bright spot for 2013,” he said.

“From a macro perspective, we’re seeing the Philippines being second to China in terms of GDP growth. Last year, the Philippines was one of the best performing markets in Asia… Also from an investment standpoint, we’re just one notch away from investment grade. So we’re seeing a lot more institutional investors coming in, looking at the Philippines from a real estate point of view, equity investment point of view.”

Santos says a wide range of financing schemes is also making the country a nation of owners when it comes to real estate.

He adds with the advent of gaming in the country the hotel and leisure sector will continue to pick up bringing in more investors and generate more jobs.

“The hotel and leisure sector is picking up and that’s behind advent of gaming, with all these casinos coming in, which will bring in more investors. We see in 5 year’s time, we see the Philippines challenging places like Macau, Las Vegas in the gaming sector,” he said.

However, Santos cites infrastructure as crucial to sustaining the economic growth.

“I think the challenge will be infrastructure, just making sure that infrastructure keeps up with demand in terms of road, rail and airports, etc. I think as long as we keep investing in infrastructure to make sure the phenomenal success of the Philippines has had in property side, I think that growth is sustainable,” he said.

Energizer Philippines

Dear Rick,

I’d like to thank you and your team – Joey Radovan and Morgan Mcgilvray in particular, for the assistance given to us during our recent Office Relocation process.
They were very well organized and helpful:

– Our site visits were conducted in a very timely manner and my management committee received clear and useful guidance on various aspects related to site selection –from what to look for in terms of building services, location, etc., as well as guidance on the discussion etiquette they should observe in order to safeguard the confidentiality of issues that could be valuable at the time of final selection and negotiation of the site.

– Both assisted us in the selection of the Office Design and Construction supplier; they were present in all the presentations and gave us objective feedback and opinions that helped my team feel more educated and confident about the decisions they were making.

– We also received guidance with various topics that arouse secondary to our office relocation, such as off-site document storage options just to name one example.

– They continued their liaison and support with the landlord and constructors throughout the process of negotiating and signing the lease, as well as during a very tight construction and relocation schedule during which a lot little (important) issues arise that must be solved swiftly in order to keep the deadlines.

The above is by no means a comprehensive list, and I’d like to extend our thanks to your team who supported Joey and Morgan in giving us such excellent service.

We are now pretty much settled in without any business interruption and with our colleagues quite happy about our new office and location; do come to visit us when you get a chance!

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