After being lulled into a COVID-19 pandemic stupor the past year, the Philippine stock market is now abuzz with exciting news about upcoming initial public offerings (IPOs) and new investment opportunities such as real estate investment trust (REIT).
The fast-recovering, continually growing, and resilient IT-BPO sector is seen as a boon to REITs that have an office leasing portfolio. “The more vibrant the BPO industry is, the higher the chances are for office buildings to have a regular income stream,” said Atty. Lim. According to a study conducted by Everest Group for the IT & Business Process Association of the Philippines (IT-BPAP) in December 2020, the IT-BPM industry is expected to achieve a revenue growth of between 3.2% to 5.5% per annum in the next two years.