LIMA Tower One, Batangas’ first premium office building, has reached a remarkable milestone, securing the second-largest office space take-up nationwide for the third quarter of 2024. According to the CBRE Q3 2024 Market Report, Conduent Incorporated, a global leader in business process services, has leased 9,000 square meters of office space, cementing LIMA Tower One’s role as a hub for IT-BPM operations in Southern Luzon.
Conduent, known for its expertise in customer experience management, healthcare claims processing, and digital business solutions, serves diverse industries including automotive, banking, and public sector services. Its decision to expand operations at LIMA Tower One highlights Batangas’ rising prominence as a premier business location outside Metro Manila. This lease represents 24% of all provincial office take-ups for Q3 2024, showcasing the growing preference for high-quality office spaces in well-connected provincial locations.
The CBRE report underscores Batangas’ emergence as a key player in the decentralization of the IT-BPM industry. Southern Luzon’s strategic location, robust infrastructure, and competitive workforce have positioned it as a prime destination for industry growth. As the country’s IT-BPM sector anticipates generating 1 million new jobs by 2028, Batangas is expected to capture a significant share of this demand, further driving the region’s economic progress.
A Vision for Sustainable Growth
LIMA Tower One is part of the Biz Hub at LIMA Estate, a unique mixed-use development that integrates industrial, commercial, and lifestyle components. This innovative approach reflects Aboitiz InfraCapital Economic Estates’ commitment to building sustainable, integrated ecosystems that go beyond being business addresses. Featuring lifestyle amenities such as The Outlets at Lipa, LIMA Exchange, residential communities, and the Aboitiz Pitch, LIMA Estate offers a vibrant environment that fosters productivity and quality of life.
As LIMA Tower One nears full occupancy, Aboitiz InfraCapital is already laying the groundwork for LIMA Tower Two, designed to meet the sustained demand for premium office spaces. This upcoming development will prioritize wellness and sustainability, aligning with Aboitiz InfraCapital’s holistic vision for modern business hubs.
A Growing Community of Global Players
LIMA Estate’s appeal has already drawn major industry players, including Accenture, which recently chose Biz Hub for its first satellite office in Batangas. Scheduled to launch by Q4 2024, this innovative workspace will serve as a hub for IT-BPM operations, further reinforcing Batangas’ position as a key location for global businesses.
The strong demand for office spaces within LIMA Tower One and the anticipated launch of LIMA Tower Two reflect the broader momentum in Batangas’ transformation into a premier business destination. These advancements not only attract high-value industries but also contribute to job creation, economic development, and the region’s overall progress.