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NEWS UPDATES 3 September 2009

India’s Wipro to open unit in Philippines

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India’s biggest contact center will be opening its second facility in the country in Eton Properties Philippines Inc.’s mixed-use development in Quezon City, the Manila Times quoted a company official as saying Wednesday.

Danilo Ignacio, Eton Properties president, told reporters that the real estate unit of airline and tobacco tycoon Lucio Tan has signed a leasing contract with Wipro Technologies.

Wipro’s facility, which will be the second in the country after Cebu City, will be housed in the business process outsourcing (BPO) building of the 12-hectare mixed-use complex Centris City along Quezon Avenue corner EDSA.

The Indian BPO firm will be leasing 8,000 square meters, or at least half of the building’s total gross floor area.

According to Ignacio, Wipro will be putting up its server by September 15 and start operating by November.

Wipro is the second-largest information technology company in India with a net worth of $5 billion. It also has interests in consumer care, lighting, engineering and health-care businesses.

The Eton official also said that there are four other companies that are currently negotiating with Eton for the lease of the remaining space in the BPO building in Centris City.

“There two US firms and two are other BPOs,” he said.

Ignacio also said that Centris’ SM Hypermarket is also scheduled to open by November this year.

With the entry of these companies in Centris City, Ignacio said the company is now confident that it can sustain the gains it generated during the first semester of the year.

He said that there will be three more project launches before the end of the year, one of which is a high-rise condominium in the city of Manila.

Eton also launched on Wednesday the third residential enclave in the 1,000-hectare Eton City in Santa Rosa, Laguna, called West Wing Residences. The project is a 20-hectare mid-priced housing community featuring two, three, and four-bedroom house and lot units that are sold for 2.3 million peso to 4.9 million peso (1$=49 peso). 


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