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Robinsons Land to develop more IT parks (- BusinessWorld)

ROBINSONS LAND Corp. (RLC) is aiming to develop up to two information technology (IT) parks within the next two to three years, a top official said.

“We hope to put up one or two more within the next two, three years,” RLC General Manager for the Office Buildings Division Faraday D. Go told reporters after the topping off ceremony for one of the company’s office buildings in Quezon City last week.

The Gokongwei-led firm currently has three IT parks, namely Bridgetown in Quezon City, Robinsons CyberGate in Mandaluyong, and Robinsons CyberGate in Davao. Office buildings in these IT parks typically host business process outsourcing (BPO) firms.

“It speeds up the PEZA process,” Mr. Go said, referring to the accreditation from the Philippine Economic Zone Authority (PEZA) that grants tax perks to locators. Other fiscal incentives include income tax holiday, tax and duty-free importation of raw materials, capital equipment, machineries and spare parts, among others.

Aside from office buildings, RLC’s IT parks also have residential, retail, and hospitality components. The 30-hectare Bridgetown, for instance, will have a Robinsons Mall and a hotel in the next 15 to 20 years of the estate’s development.

(more from the source: bworldonline.com/robinsons-land-develop-parks/)

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