Global insurance brokerage firm renews BGC office lease


THE British multinational risk management, insurance brokerage and advisory firm Willis Towers Watson Public Ltd. Co. (WTW) announced the renewal of a lease in its Makati City office.

In a statement, the company said it “expanded” its partnership with office building developer W Group Inc., for renewal of the lease with the latter’s prime office building, W City Center. WTW said it moved its main operations to the building, located in the business district of Bonifacio Global City (BGC), when the company expanded its business operations in the Philippines.

WTW now houses over 1,400 of its employees working for its business process outsourcing (BPO), brokering and consultancy operations.

WTW said that BGC’s prime location, together with the W City Center building facilities and management has been a major factor in the firm’s decision to renew its contract with W Group despite the ongoing pandemic.

“The pandemic has only furthered our efforts to maintain the safety and security of our tenants across all fronts,” W Group CEO Francis Wee was quoted in the statement as saying. “As we continue to strengthen our partnership with our clients, like WTW, we hope to also provide opportunities for growth and allow them to sustain operations efficiently in our properties.”

W Group is the holding company behind the following: business groups W Hydrocolloids Inc., a world-class manufacturer of seaweed carrageenan; Marine Resources Development Corp., one of the leading providers of innovative food ingredient solutions and products in the Philippines; and, W Landmark Inc., W Group’s property management and real estate development business.

Since the company’s entry into the Philippine property industry in 2008, W Group through W Landmark Inc., has been developing and managing office buildings and structures strategically located in the BGC. W Landmark operates boutique office buildings W High Street, W Global Center, W Fifth Avenue, Citi Plaza and W City Center.

Image courtesy of Willis Towers Watson Philippines Inc.

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