Aboitiz InfraCapital's LIMA Tower One Achieves the 2nd Largest Office Space Take-up in Q3 with Conduent’s Lease

LIMA Tower One, Batangas' first premium office project, has achieved a historic milestone by gaining the second-largest office space take-up countrywide in the third quarter of 2024. According to the CBRE Q3 2024 Market Report, Conduent Incorporated, a worldwide leader in business process services, has leased 9,000 square meters of office space, firmly establishing LIMA Tower One as a center for IT-BPM activities in Southern Luzon.

Conduent, noted for its expertise in customer experience management, healthcare claims processing, and digital business solutions, serves a wide range of sectors, including automotive, banking, and public sector services. Its choice to establish operations at LIMA Tower One demonstrates Batangas' growing status as a leading commercial destination outside Metro Manila. This lease accounts for 24% of all provincial office take-ups in Q3 2024, demonstrating the increased demand for high-quality office space in well-connected provincial areas.

The CBRE report emphasizes Batangas' emergence as a prominent player in the decentralization of the IT-BPM industry. Southern Luzon's strategic location, strong infrastructure, and competitive labor have made it a top destination for industry expansion. As the country's IT-BPM industry expects to create 1 million new jobs by 2028, Batangas is likely to grab a sizable portion of this demand, propelling the region's economic expansion.
 
A Vision for Sustainable Growth
 
LIMA Tower One is part of LIMA Estate's Biz Hub, a one-of-a-kind mixed-use complex that combines industrial, commercial, and leisure elements. This novel method shows Aboitiz InfraCapital Economic Estates' dedication to creating long-term, interconnected ecosystems that extend beyond corporate locations. LIMA Estate, with lifestyle amenities including The Outlets at Lipa, LIMA Exchange, residential complexes, and the Aboitiz Pitch, provides a lively environment that promotes productivity and quality of life.
 
LIMA Tower One is part of LIMA Estate's Biz Hub, a one-of-a-kind mixed-use complex that combines industrial, commercial, and leisure elements. LIMA Estate, with lifestyle amenities including The Outlets at Lipa, LIMA Exchange, residential complexes, and the Aboitiz Pitch, provides a lively environment that promotes productivity and quality of life.
As LIMA Tower One nears full occupancy, Aboitiz InfraCapital is laying the framework for LIMA Tower Two, which will match the continued demand for premium office space. This future development will promote wellness and sustainability, in line with Aboitiz InfraCapital's overall vision for modern corporate centers.

A Growing Community of Global Players
 
LIMA Estate's attraction has already attracted big industry players, like Accenture, which recently picked Biz Hub for its first satellite office in Batangas. This innovative workplace, scheduled to open in Q4 2024, will serve as a hub for IT-BPM activities, boosting Batangas' status as a vital site for global corporations.
 
The high demand for office space at LIMA Tower One, as well as the upcoming opening of LIMA Tower Two, reflect Batangas' overall momentum in becoming a leading business destination. These developments not only attract high-value enterprises but also help to create jobs, drive economic growth, and promote the region as a whole.