REAL ЕSTATЕ DEVELOPER Century Properties Group, Inc. has teamed up with the Armani Group for a luxury residential project in Makati City, the locally listed firm said in a statement over the weekend.

The Antonio-led property company has tapped Armani/Casa Interior Design Studio as interior designer for Century Spire, a 60-storey tower to rise at the so called “Century City.”

Century Properties expects P8 billion in sales from the project, which is expected to be completed by 2018. Other details like cost and start of construction were not immediately available.

Century Spire was designed by award-winning architectural firm Studio Daniel Libeskind. The project is touted to “showcase residential units characterized by elegant space and graceful interiors.”

“If the architect’s aim is to create remarkable spaces, then it is my aim to bring these to life through my interior-design aesthetic,” the statement quoted Giorgio Armani, president and chief executive officer of Armani Group, as saying.

“I am very pleased to be partnering Armani/Casa with Century Properties, and believe that the combination of Daniel Libeskind’s vision and my own will result in a truly remarkable place to live, full of elegance and wonder.”

Century Properties President and Chief Executive Officer Jose E.B. Antonio said in the same statement that his company “wanted to work with a brand that could bring an eminent degree of sophistication to this singular building.”

“Armani/Casa fits the bill perfectly,” Mr. Antonio said. “Their designs are sophisticated, comfortable and functional. They not only fit the Studio Daniel Libeskind aesthetic but bring an extraordinary level of quality to their interior design work.”

Century Properties has been known for partnering with international brands and icons for its luxury residential projects.

The company’s net income grew by 6.57% to P1.06 billion in the first half from P944.5 million in the six months last year as a rise in revenues outpaced an increase in cost and expenses.

Its shares lost four centavos or 2.15% to close P1.82 apiece on Friday last week.

Source: Businessworld Online | November 10, 2013