Who is the owner of IT Park Cebu?
Located in the heart of Cebu City in the Philippines, Cebu IT Park has emerged as one of the country’s premier business process outsourcing (BPO) hubs and a top choice for multinational companies seeking office space in Southeast Asia. This bustling urban development is not just a hub of technological innovation and business agility — it also represents the vision and investment prowess of a powerful entity in the Philippine real estate scene.
The owner and primary developer of IT Park Cebu is Ayala Land, Inc. (ALI), one of the leading and most respected real estate developers in the Philippines. Through its subsidiary, Central Bloc Developers, Inc., Ayala Land has transformed what used to be the old Lahug Airport into a vibrant ecosystem for commerce, innovation, and lifestyle excellence.
Ayala Land acquired the property in early 2000s and established Cebu Property Ventures and Development Corporation (CPVDC) as part of its expansion strategy in the Visayas region. CPVDC, a joint venture between ALI and the Cebu Holdings Inc. group, played a primary role in the park’s early phases of development.
Over the years, the project evolved under Ayala Land’s masterful guidance, becoming a 24-hectare, fully integrated IT and lifestyle community. Recognized by the Philippine Economic Zone Authority (PEZA), Cebu IT Park is a certified IT Special Economic Zone, which provides tax incentives and other benefits that attract locators—especially multinational BPOs and tech companies.
Cebu IT Park serves as a second central business district (CBD) of Cebu City, complementing the growth of the older Cebu Business Park, another development spearheaded by Ayala Land. The park is home to major companies like Accenture, IBM, JP Morgan Chase, and Amazon, among others. It also offers a range of facilities that blend work, leisure, and lifestyle, with retail shops, residential condominiums, hotels, and green open spaces.
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The flagship project within the park is Ayala Malls Central Bloc, a mixed-use commercial space that stands as a symbol of Ayala Land’s commitment to balanced urban development. This expansion is also supported by key transport infrastructure and high-speed telecommunications, reinforcing its reputation as a world-class tech hub.
For those wondering about the management structure, Ayala Land continues to supervise Cebu IT Park under its subsidiary Ayala Malls and Ayala Land Offices, while Cebu Holdings executes the strategic initiatives in partnership with local businessmen and stakeholders. This synergy of national and regional leadership has been pivotal in Cebu IT Park’s sustained success and future scalability.
Frequently Asked Questions (FAQ)
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Who owns Cebu IT Park?
The park is primarily owned and developed by Ayala Land, Inc. through its subsidiary companies such as Cebu Holdings, Inc. and Cebu Property Ventures and Development Corporation. -
What was the site before it became Cebu IT Park?
The site was formerly the Lahug Airport, a domestic airport that ceased operations in the 1990s. -
Is Cebu IT Park a government project?
No, it is a private development led by Ayala Land. However, it is accredited as a PEZA Special Economic Zone. -
What companies are based in Cebu IT Park?
Major BPO and tech companies like Accenture, IBM, JP Morgan Chase, and Amazon have a strong presence within the park. -
Can the public access Cebu IT Park?
Yes, Cebu IT Park is open to the public and is home to numerous restaurants, retail shops, and event venues.
Ultimately, Cebu IT Park is more than just a technological zone — it is a showcase of Ayala Land’s innovation-driven legacy in urban development and its commitment to creating future-ready communities in the Philippines.