SM Prime launched last week the Five E-com Center, a 15-level building that is part of a master-planned e-commerce hub by SM Prime at the Mall of Asia Complex in Manila.
Previously opened centers in the complex are One E-Com (launched in 2008) and the Two E-Com Center (unveiled in 2012). The Five-Ecom Center has a gross floor area of 126,907 square meters, and a leasable area of some 88,000 square meters.
The growth of the infotech-business process outsourcing (IT-BPO) industry has led to an increase in demand for office spaces. Narrowing the demand and supply gap prompted SM Prime Holdings, Inc. to develop the Five E-com Center.
“The Philippines provides a competitive and desirable landscape for companies,” said Dave Rafael, senior vice president of SM Prime Holdings.
Rafael said the Five E-Com Center is already 95% occupied, with high-profile tenants such as Telstra, Teletech, Vestas, Tupperware, Klaveness and Xerox.
Designed by Miami-based architectural firm Arquitectonica, FiveE-Com provides a working environment that includes lifestyle opportunities for employees. It houses Prism Plaza, a podium area that combines a landscaped deck, pond, and retail spaces.
“We want to create a self-sustaining community for office workers so we designed Five E-Com in a way that it also provides for the daily needs of employees for food, supplies, and relaxation spots of workers,” Rafael said.
SM Prime Holdings Inc. is the property subsidiary of listed conglomerate SM Investments Corp.