by: Karen Cayamanda
Tuesday, February 15, 2011 | Outsourcing News |
Realty firm Ayala Land and the University of the Philippines (UP) signed a contract of lease to build a “University Town”, a hub that combines BPO offices and academic support facilities. Ayala will invest about P3 billion in the development of the 7.4-hectare property, also known as the UPIS campus, located along Katipunan Avenue, Quezon City.
According to Ayala Land, the University Town Project will consist of “mixed-use retail and office components, with firm emphasis on academic support facilities. This will be the first of its kind in the country to reflect a strong collaboration between the academe and the industry."
The 25-year contract can be renewed for another 25 years through a mutual agreement. Ayala added that construction of the project will start this year.
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