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BusinessWorld May 4, 2021 | 12:03 am ETON PROPERTIES is looking to address a rise in demand for small office spaces with its office and residential building, Blakes Tower, in Makati City. Eton Properties Chief Operating Officer Karlu Tan Say said the latest property trends suggest an increasing demand for small office spaces, after demand took a hit because of the pandemic last year. “Having a work-from-home business model for employees would mean saving office expenses like utilities, supplies, among others. Shifting to a smaller office space can cut down costs without having to cut down on manpower,” she said in a statement. Eton Properties said it has received inquiries from companies that would like to move to smaller office spaces from their big headquarters that have been unused as they implement flexible work arrangements. ....
Published May 3, 2021, 5:00 AM Eton Properties Philippines Inc. is looking to meet rising demand for small office space which is on the rise due to the unique situation arising from the pandemic. “While demand for office spaces took a dip last year because of the pandemic, the latest trends suggest a rising demand on a particular segment of the office leasing industry,” said Eton Properties Chief Operating Officer Karlu Tan Say. She said this is the demand for small office spaces. “Having a work-from-home business model for employees would mean saving office expenses like utilities, supplies, among others. Shifting to a smaller office space can cut down costs without having to cut down on manpower,” Say said. ....
Published April 22, 2021, 5:00 AM Eton Properties Philippines, Inc. (EPPI) reported an 11 percent decline in net income to P802 million last year from P900 million in 2019 as higher rental income offset the adverse impact of the pandemic. In a statement, Eton said gross revenues dropped 21 percent to P2.6 billion in 2020 from P3.3 billion in the previous year but noted a 2.9 percent growth in rental income to P1.76 billion last year, despite a global slowdown due to the Covid-19 pandemic. The growth in the company’s rental income was the result of office, commercial, and residential leasing revenue, as well as, hotel room sales. ....