Norkis spending P6b in Mandaue property

Posted January 25, 2014

The Norkis Group of Companies, the Cebu-based holding company of businessman Norberto Quisumbing Jr., on Friday unveiled a plan to invest P6 billion in a 2.8-hectare property development project in Mandaue City.

Norkis chairman Norberto Quisumbing Jr. said in a news briefing the project, called Norkis Cyberpark, would contain five office towers catering to business process outsourcing companies and traditional office locators.

He said the first building would be a six-story tower with a gross floor area of 9,000 square meters. The building, which is estimated to cost P300 million, will be completed by September this year.

“The Norkis Cyberpark project will help push development in the Mandaue City area as well as increase overall economic activity. At its completion, Norkis Cyberpark will help generate 38,000 jobs. Together with the Peza incentives for locators and a readily available workforce pool, we foresee a lot of locators, both international and local, making Norkis Cyberpark their new home in the region,” Quisumbing said.