JESA Management Corporation built the JESA Building to tap into the growth opportunities of the office sector. In a unique concept of offering an Investors’ Package, the Developer shares the opportunity with Partners who will invest in one storey of the JESA Building in exchange for the lease income of twenty (20) years.

Building plans show a total floor area of 7,823 square meters in 5 storeys of 1,100 square meters of building footprint. The estimated leasable area ranges from 5,391 square meters for a standard office layout to 6,208 square meters for a call-center or open-space layout.

Leasing Potential

The JESA Building will be enjoying the demand-supply gap that is projected for the Cebu office space market. Its leasable area of around 5,352 square meters is a mere 3.3% share of the 2007 office space demand of 162,654 square meters. And with its advantage of a registration with the Philippine Export Zone Authority, locators will enjoy tax holidays and other incentives offered to encourage investment areas, such as Business Process Outsourcing (BPO).

JESA Building occupants enjoy a strategic location along General Maxilom Avenue in uptown Cebu City, one of the busiest commercial districts just a walking distance from the Fuente Osmeña Circle, the heart of the city and known for its 24/7 environment.

• It is in one of Cebu’s primary modern office and commercial districts.
• General Maxilom Avenue has a business environment attractive to BPO locators.

Financials: The Investor’s Perspective

• An investor pays in advance for one floor of office space with a typical layout for the 5th floor. Investment for one floor is Twenty Five Million Pesos (PhP 25,000,000).
• In return, he gets all the lease rates earned for a duration of 20 years.
• The following are to be shouldered by the investor:

Insurance

Maintenance of the storey he/she invested in

Real estate taxes

• Fees for Common Use & Service Areas (CUSA) shall be charged to the lessees.