PROPERTY developer Ayala Land Inc. (ALI) will open at least four more branches of its shared-office facilities under the brand “Clock In” by next year. ALI said these space-for-lease hubs are to be in new development projects of the company in Metro Manila.
Christine N. Novera, Fort Bonifacio Development Corp. (FBDC) assistant manager for business development, property planning and office leasing, said the new sites will be at the Ayala Malls The 30th in Pasig, Ayala North Exchange (ANE), a mixed-use building beside Makati Medical Center in Makati and Vertis North in Quezon City.
FBDC is a unit of ALI.
“The ANE will open at the latter part of next year because the building is still under construction,” Novera said. “The Clock In there will be three times bigger than the one in the Makati Stock Exchange.”
The new sites will bring total Clock In centers to six. The other two are in Bonifacio Technology Center and in Bonifacio High Street, both in Taguig.
The ANE will be ALI’s biggest Clock In branch, at about 1,800 square meters. The 30th would have 1,000-sq-m office space, with Vertis North at 8,000 sq m. The company opened its third branch at the Bonifacio High Street last week, which will be its last opening for the year.
“Square One BGC merged with Clock In to offer more perks, options and networking opportunities for coworkers,” FBDC said in a statement. “We made our social halls much more spacious because those seemingly casual interactions often turn out to be a minefield of ideas from which passion projects take flight.”
Square One was the same brand of a unit of Ayala Land that offers the same concept of shared-office space.
At a full capacity of 1,400 sq m, Clock In in High Street can seat over 300 coworkers, split into its small offices, meeting rooms, individual desks and adaptable open spaces. This can accommodate any work requirement from a quick writing gig to a full-scale app-development job, and everything in between, FBDC said.
“Most of our clients are seasoned industry players like e-commerce companies diversifying their portfolios,” the company added. “Whether they need just a workstation for world domination or a legit headquarters in BGC that will put their business on the map, clients will find Clock In an ideal starting point.”
In March ALI opened its first venture in the shared office space sector as the Clock In brand is expected to significantly contribute to the expansion of the office sector of the developer in the coming years.
The company’s office inventory stands to about 700,000 sq m, and this figure will double in three or four years.
ALI is playing catch-up in the shared-office sector, as the concept is not a new in the Philippines, and there are already players that operate in the country’s central business district for decades, such as Regus.
Prices at Clock In starts at P550 per head per day, though the company has other packages as it targets start-ups and other small companies that need an address of the central business district.