China Banking Corp., one of the country’s largest lenders, expects its corporate center in Cebu City to enjoy a 100-percent occupancy rate by the end of the year, an indication of Cebu’s vibrant economy and the continued growth of the business process outsourcing sector.
The bank inaugurated the Cebu Business Center in December 2014 and offered the space to potential business process outsourcing locators. A bank source said the establishment was “around 50 percent occupied or reserved,” as of end-June 2015.
“So there is a chance that more will come before the year ends and the target could be met,” the source said.
The 17-story building is located at the heart of Cebu Business Park. It was originally planned to house China Bank’s two-story business center which was opened in 2009. But later on, the bank’s management decided to expand it to 17 floors and lease out space to BPO companies.
The China Bank Corporate Center has a gross floor area of 15,895 square meters and near the SM and Ayala Malls in the Cebu Business Park.
The building, accredited by the Philippine Economic Zone Authority, was designed and constructed with high-end finishes and a range of tenant amenities to cater to BPO companies.