Century Properties Group will open today its first P1-billion retail development, Century City Mall in Makati, as it aims to expand its portfolio to recurring income sources.
The mall, located within the eight-building master-planned development called Century City, offers 17,000 square meters of the retail center’s net leasable space leased out to more than 100 tenants.
“We are bringing our experience and expertise in property development into this exciting new venture,” Century Properties co-chief operating officer Marco Antonio, said.
“With its exciting mix of tenants, Century City Mall is a good addition to the current roster of retail experiences in Makati City. We will work to continuously improve the shopping experience in our mall, and we look forward to opening more shops in the coming weeks,” he said.
Century City Mall has a total of four 100-percent digital projection cinemas.
The mall also carries a wide retail and dining mix of local and international shops, concept stores and restaurants.
The company said the retail development will directly serve two of Century Properties’ completed Century City towers -the Gramercy Residences and the Knightsbridge Residences.
It will also serve residents of the villages of San Miguel, Bel-Air 1 and 2, Urdaneta, Legaspi and Salcedo, visitors from Makati corporate offices, and even nearby office and residential centers.
Century Properties Group Inc. is a forerunner of premium real estate developments in the Philippines.
Since it was founded 28 years ago, Century Properties has transformed 744,576 square meters of space into premier residential and office developments in and outside Metro Manila.
Source: The Daily Tribune | February 17, 2014