Norkis Group to build IT park-A A +A
By Mia A. Aznar
Wednesday, January 29, 2014
FROM the manufacture and assembly of motorcycles, the Norkis Group of companies is diversifying its portfolio by turning a 2.8-hectare property in Mandaue City into a new hub for business process management.
The Norkis Cyberpark, located on A.S. Fortuna St., will have over 114,000 square meters of retail and office space.
Norberto Quisumbing Jr., chairman of the Norkis Group, said the project is their way of giving back to Mandaue City what they earned from the past. Established in 1962,
Norkis Trading Co. was one of the first big enterprises in Mandaue City.
The Norkis Cyberpark will consist of five office buildings and a retail strip called The Arcade. They expect the whole project to be constructed in three to five years but the first building, the Norkis One, will be completed by September this year. It will have a gross floor area of 9,000 square meters and will be connected to the retail strip, which will feature food, services and entertainment shops to complement the needs of BPM workers.
The Norkis Group teamed up with DEI Properties to manage the development.
DEI chairman Danilo Ignacio assured that they made sure the development meets all the standards international locators require in setting up an office.
The Norkis Cyberpark is approved by the Philippine Economic Zone Authority board and is equipped with 24-hours closed circuit TV cameras, and 100 percent power back-up.
Each floor will have 1,500 square meters while the building has two high-speed elevators. It is also next door to J Mall.
They hope to make the Norkis Cyberpark the next major IT park in Cebu and the first in Mandaue City. They expect the facility would generate 38,000 jobs.
Mandaue City Mayor Jonas Cortes said he is glad that the business confidence in Mandaue City is high. He considers the Norkis Group as one of the economic drivers of the city. “Norkis is an institution by itself,” he said in a press conference yesterday. Aside from the 38,000 jobs expected to be generated, they expect even more business activity and indirect hires as a result of the project.
Asked what prompted the decision to make such an investment, Quisumbing said he was struck by the huge impact an IT park could have on the economy. While Norkis employs some 6,000 workers in their 300 branches and offices, he was amazed at the idea of being able to provide 38,000 jobs in three years.
“The prospect of being able to employ highly-paid Filipinos in the next few years is awesome,” he told reporters.
He added that having Filipinos employed in their own hometown and earning well is a better option than letting them seek opportunities abroad and living in poor conditions. Quisumbing added that the idea of Filipinos learning better skills and working under systematized and disciplined environments appealed to him.
He said he his dedicating the project to his wife Britta, who passed away last year and who approved of the project.
Cortes, for his part, said that while Mandaue City has always been known as an industrial city, they, too, must adapt to changing times.
Ignacio said Mandaue City is an ideal location as it is close to Cebu City where the concentration of BPM companies are, and a short drive away to the international airport.
They have started talking to international brokers who can find tenants for the first tower.
Aside from its office buildings, they will also have a central park in the middle of the compound accessible to all five towers. The second tower will have eight floors while the third will have 10 floors. The fourth tow er will have 12 floors while the fifth building will have 20 levels. Lease rates will range from P300 to P400 per square meter, which is at a lower rate than most offices in Cebu.
Published in the Sun.Star Cebu newspaper on January 30, 2014.