Outsourcing is growing in Philippines and looking at the blank space for high quality business space in Singapore, Ascendas and Net Group, led by Rufino Group are creating 19,200 sq m of office building space for BPO players. The proposed building will be situated at the Bonifacio Global City in Taguig. Such is the cry for good outsourcing business space, the Ned Quad building had been 100% leased out even before it gets completed. Carlos Rufino, president of the Net Group told informed that three outsourcing companies along with two foreign firms have reserved their space in the twenty-storied building. The building scheduled for completion in the first quarter of 2008. Amongst others companies like Sony, Ericcson, Tetrapak and Quisumbing Torres have taken bulk space in the building.
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