NextGen Day

Strong client relationships and expansion plans by Philippine offshore gaming operators (POGO) fueled Eton Properties’ office space development in the second part of the year.

The property developer announced in a statement on Wednesday that it had signed an agreement with one of Southeast Asia’s POGO firms for the lease of more than 6,000 square meters of office space, or two floors, in Eton’s eWestPod building, which is part of the mixed-use Eton WestEnd Square development close to Makati Central Business District.

“With the perceived stability and confidence of a new administration and the market continuing to stabilize, Eton Properties progressively felt a rise in the demand for leasing spaces this second part of the year,” said Kyle Tan, executive director of Eton Properties.

He added, “These operators are not only from China but also from our neighboring nations in Southeast Asia.”

Tan noted that the developer’s preference for simple business transactions was demonstrated by the fact that in August of last year, the firm inked a three-year leasing agreement for more than 1,000 square meters of space in Eton’s Blakes Tower with a triple-A construction firm.

Because some of them are also looking for residential and commercial spaces, which are a solid sign of our total rise in occupancy rate, Eton also sees the beneficial ripple impact of POGO in our leasing business, he continued.

One of the company’s two office projects, according to Tan, is the eWestPod, which is a part of the Eton WestEnd Square mixed-use development.

According to him, the structure was created to offer a special built-to-suit idea that enables users to plan and tailor the area to their needs.

According to Tan, the office building features four floors of roomy offices ideal for local corporate headquarters or worldwide support services for multinational corporations. It also provides direct access to the full range of amenities and is close to the contemporary comforts of the Makati CBD.

It is close to transportation hubs on Ayala and Buendia Avenues, including the LRT-1 rail, as well as taxis, public buses, jeepneys, and even tricycles.

The Lucio Tan Group, one of the largest commercial empires in the Philippines, has a real estate brand called Eton Properties.

Eton Properties Ltd., its international rival, is a well-known name in Hong Kong and mainland China’s real estate market.

Eton Properties specializes in office projects, commercial centers, mixed-use township developments, and high-end and middle-income high-rise and horizontal residential projects. Eton Properties has a substantial land bank in advantageous locations around the nation.

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