Eastwood City is a 17 hectares (42 acres) commercial and residential development located in the Libis area of Quezon City in the Philippines. It is developed by Megaworld Corporation. It currently hosts 12 luxury residential condominium towers, with several more being developed. Eastwood City was launched in 1997. Its newest development is the Eastwood Mall located in the middle of the real estate development.
Eastwood City Cyberpark is a BPO-targeted office complex forming part of Eastwood City. Its buildings include the 20-story Global One Center and the 10-story 1880 Eastwood Avenue. The cyberpark is listed as an approved IT Center by the Philippine Economic Zone Authority, making export-oriented companies located therein eligible for temporary tax holiday, permanent reduced rate of corporate income tax, and other incentives.
It was an early leader in business process outsourcing in the Philippines; out of 37 call centers operating in the country in 2003, 10 were located there. Major tenants include Accenture, Dell, IBM Global Services, Citibank, Atos, WNS Global Services, hibu and eTelecare. In 2009, the registered BPO employment of the cyberpark was 16,856 jobs, making it the Philippines' leader among PEZA IT parks and buildings. Moreover, it is home of research and development companies for electronics and power supplies including Canon and Emerson Network Power.
This represented growth of 22% over its 2008 employment figure. Including Non-BPO employers, As Emperador Distllers Inc, Filway Marketing Inc, Raffles & Co Inc, Fonterra, Toei Animation, McCormick & Company, &, Alliance Global Inc the total number of jobs created in Eastwood City is more than 30,000, claims developer Megaworld Corporation. The total value of exported services for the year was US$348.31 million.