Skip to content

Century Properties, Asian Carmakers tie up for 2-tower project in BGC

MANILA – Century Properties Group Inc has teamed up with the distributor of BMW in the Philippines for a two-tower project in Bonifacio Global City (BGC) this year.

In a statement, Century Properties said it will form a joint venture with Asian Carmakers Corp for the 30,000-square meter project. The first tower will offer commercial spaces, while the second would be a hotel.

Owned by Jose Alvarez, Asian Carmakers is the lessee of the property bounded by 3rd and 4th avenues and 27th Street in BGC. The lot is owned by Armed Forces & Police Mutual Benefit Association Inc.

“As Century [Properties] is expecting to complete over 4,000 units with 200,000 net saleable square meters of residential condominium units by December 2013, we are seeking to re-invest earnings into recurring income assets,” said the company’s Executive Chairman of the Board Jose E.B. Antonio.

Century Properties was the first builder to finish and turn over a building in BGC with its residential condominium called Essensa East Forbes.

Last year, the company grew its pre-sales by 16.6 percent to P21.4 billion from P18.4 billion in 2011, overshooting its P20-billion target for 2012.

In the past 26 years, Century Properties has completed 21 condominium buildings, offering 5,560 units with a total gross floor area of 669,857, and manages 50 properties.

Source: Interaksyon | February 18, 2013


Newsletter Subscription Form

Please complete this form to create an account, receive email updates and much more.
Please click the icon to request captcha.


The minimum schedule date is tomorrow.