SM Offices, Visa ink expansion lease

SM Offices, the commercial leasing division of SM Prime Holdings Inc., has entered into an expansion lease agreement with Visa Inc., a global digital payments giant, to support the company's growth in the Philippine market. The agreement allows Visa to expand its office presence in the SM Mall of Asia Complex in Pasay, nearly doubling its current footprint.

Visa will be moving from a 4,000-square-meter facility at Five E-com Center to a larger 9,000-square-meter space at Four E-com Center. This new location will house administrative, financial, and technological functions under a 24/7 operating model. The facility will also provide additional space to accommodate the company's expanding operations and improve the employee experience.

Alexis Ortiga, vice president and business unit head for SM Offices, emphasized the importance of strategic office spaces in today's workplace. She stated that large companies are increasingly seeking spaces that can consolidate various operations while offering flexibility for future growth.

Chari dela Cruz, Visa Philippines Solution Center Site Lead, explained that the decision to move to Four E-com Center stems from the company's continued growth and the need to support its workforce. She highlighted the strategic location, excellent connectivity, and premium amenities offered by the E-com campus as ideal for their expanding team.

Four E-com Center, a LEED Gold-certified premium office development, features three unique crystalline towers and an all-glass façade. Designed by the global architecture firm Arquitectonica, the building includes a fifth-level open-air sky garden, providing employees and guests with an outdoor amenity. The development is part of the larger E-com campus, which is directly connected to SM Mall of Asia through an all-weather bridgeway and is situated near Lanson Place, a hotel and serviced residence offering meeting and event facilities.