Latest News for: Offshore vacancy

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Real estate vacancy rate seen widening as more POGOs exit

Manila Standard Today 09 Feb 2021
Colliers Philippines said office vacancy would reach 12.5 percent this year as more Philippine offshore gaming operators moved out and business process outsourcing companies rationalized their office space requirements ... The group said it was expecting residential vacancy to accelerate to 16.9 percent this year from 15.6 percent in 2020.
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PH office space sales fell 70% in 2020 — Leechiu

Manila Standard Today 07 Jan 2021
Office vacancy in 2021 would start from the spill-over of spaces vacated by Philippine offshore gaming operators in 2020 estimated at 300,000 sq. m ... He said this is because offshore affiliates of US companies were expected to drive cost-cutting measures in most markets and this is seen to have positive impact on the Philippines and India. .
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Metro Manila office space, mall vacancy rates widen

Manila Standard Today 29 Oct 2020
Property consultancy firm Colliers International Philippines said Thursday office space and mall vacancies in Metro Manila are widening and rental rates are falling after the global health crisis led to the closure of several Philippine offshore gaming operators and retail stores.
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Colliers says office vacancy in NCR continues to worsen

Sun Star 29 Oct 2020
It attributed the worsening office vacancy to Philippine offshore gaming operators (Pogo) and outsourcing companies shutting down or rationalizing their office footprint in line with the remote working arrangements being implemented to contain the coronavirus disease 2019 (Covid-19) pandemic.
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Cebu top choice as more firms eye satellite offices outside Manila

Sun Star 22 Sep 2020
He said these are mainly offshoring and outsourcing players seeking office space outside Metro Manila ... This sharp rise, according to delos Reyes, was due to the preterminations by Philippine offshore gaming operators, especially in the cities of Lapu-Lapu and Mandaue whose vacancies increased substantially in the third quarter of this year.
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Agropreneurship is not for the half-hearted

Malaysian National News Agency 01 Jul 2020
No pain, no gain ... “I came from a farming family and it has always been my ambition to become an agropreneur, but I don’t have the time before because I was busy with my career which required me to work offshore. “Alhamdulillah, last year I found out that TKPM Peradong has vacancies and was looking for new agropreneurs ... ....
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Cutter Diligence to leave Wilmington this month

News & Record 13 May 2020
WILMINGTON — The U.S ... Earlier this year, the USCG revealed the driving force behind the move is the shift to its new 360-foot Offshore Patrol Cutter, which cannot be maintained by the existing facilities in Wilmington. The vacancy left by the Diligence will open up an opportunity for the city, which is working with the Coast Guard and local Rep ... .
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Three mayoral candidates square off at debate in New London

The Day 11 Oct 2019
From storefront vacancies and blight to offshore wind and garbage disposal, three candidates for mayor shared ideas and traded jabs on Thursday for a crowd that at times found it tough to contain... .
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PH real estate safe even if POGOs leave –analysts

Manila Bulletin 25 Aug 2019
By Bernie Cahiles-Magkilat The potential closure of Chinese-owned POGOs (Philippine gaming offshore operators) in Metro Manila will create a temporary increase in vacancy rates in the short term but not... .
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Makati rent rate still highest in MM

The Daily Tribune 28 Feb 2019
Vacancy rate for the Makati central business district is solid at 3 percent, while net absorption is slower at 19,500 sqm ... In particular, growth in the districts of Alabang and Bay Area was boosted by the Philippine Offshore Gaming and Outsourcing sector, KMC said, with vacancies in Alabang tighter at only 1.4 percent of the stock.
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'Bankfurt', Paris await Brexit boom as banks stay loyal to London

Yahoo Daily News 31 Jan 2019
Only Deutsche Bank is looking to hire more people in Germany than in Britain, with 133 German vacancies posted online compared to 132 in the UK ... Morgan Stanley has 49 vacancies in Budapest, where it opened in 2006 and now employs more than 1,300 people.
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Offshore gaming to expand in Cebu

Sun Star 30 Dec 2018
As of the third quarter of 2018, Colliers recorded 4.8 percent vacancy across Metro Manila, which is driving offshore gaming firms to look for space outside Manila. Colliers encourages new and expanding offshore gaming companies to continue looking for space in Cebu, Pampanga, and Laguna where the bulk of large space is still available.
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Dipula Income Fund investors told to be patient

Business Day 19 Nov 2018
Petersen said the company’s decision not to invest offshore but rather to spend its capital on enhancing its assets at home had paid off in 2018 while competing funds struggled to reward investors with strong dividend growth ... We haven’t created complicated offshore structures and ...
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Australian and European investments come to Investec Property Fund’s rescue

Business Day 13 Nov 2018
Net asset value growth of 2.9% per share is attributable the fund’s offshore investments, Investec Australia Property Fund, Investec Argo UK Property Fund and an investment into a pan-European logistics portfolio, which provided geographic diversification to offset the muted growth in the local market.
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