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Century Properties aims to complete 4 projects in 2014

MANILA – Century Properties Group Inc said it will complete four projects in Metro Manila this year.

In a disclosure to the Philippine Stock Exchange, the real еstatе company of Executive Chairman of the Board Jose E.B. Antonio said the Century City Mall in Makati City is scheduled for soft opening this month.

Over 90 percent of the 17,000 square meters of the retail center is leased out to more than 100 tenants, including a high-end supermarket, premium cinemas, café, restaurants, boutiques and specialty stores.

By yearend, Century Properties will turn over more than 500 clinic suites at Centuria Medical Makati, a 28-storey outpatient IT-medical arts facility also at Century City.

Three more buildings in the Century City project are in various stages of development and construction, including Milano Residences scheduled for turnover in 2015, Trump Tower set for completion in 2016, the office-residential building Century Spire scheduled for turnover in 2018 .

Century Properties will also deliver within the month close to 600 units of the St. Tropez building at the Azure Urban Resort Residences in Paranaque City. This is the third tower within the nine-building residential resort.

Next month, Century Properties will officially open the Azure’s Paris Beach Club, a multi-level amenity center designed by Paris Hilton, with the international celebrity slated to grace the occasion.

“Century Properties opened 2014 riding high with a record pre-sales growth, and we intend to keep this momentum going with the same aggressive and impassioned approach we took in the past year. The results were tremendous so we expect to perform no less in 2014,” Antonio said.

The condominium developer reported that reservation sales jumped 15 percent to P24.6 billion last year, the highest in the company’s 27-year history and beating its full-year target of P24 billion.

In the last five years, Century Properties has developed premium residential towers through its partnership with world-renowned brands such as Trump for the Trump Tower at Century City, Missoni Home for Acqua Livingstone residences, Versace Home for Milano Residences, John Hitchcox and Philippe Starck through yoo inspired by Starck for Acqua Iguazu residences, and Armani and Studio Daniel Libeskind for Century Spire.

Century Properties’ nine-month earnings tally rose 12 percent to P1.6 billion from the P1.4 billion in the same period last year on higher residential sales.

Source: Interaksyon | February 11, 2014


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