At the ribbon cutting ceremony for the opening of the Asian Century Center office building, developed by Century Properties Group (CPG) and Asian Carmakers Corporation: (From left) Luis Miguel Gonzales of Century Properties Management and Construction Corporation, CPG Director Rafael G. Yaptinchay, Taguig City Deputy Chief of Staff Atty. Maricar Loinaz Sarmiento; Asian Carmakers Chairman of the Board Bienvenido Santos, Philippine Economic Zone Authority Director General Charito Plaza, CPG Chairman and CEO Jose E.B. Antonio, CPG Director Ricardo P. Cuerva and CPG Chief Operating Officer Marco R. Antonio.
[December 18, Taguig City] Century Properties Group, Inc. (CPG:PM) in partnership with Asian Carmakers Corporation opened today in full ceremonies the Asian Century Center, a Php1.6-billion green office building at the 27th Street corner 3rd Avenue in Bonifacio Global City, Taguig.
Prior to its scheduled December opening, the 21-storey development has been 75-percent leased. Three out of the four IT companies with confirmed leases are holding office in the building, which has a net leasable area of 29,628 square meters. Asian Carmakers plans to put up a showroom of Peugeot at the ground floor.
Once fully leased out, the Asian Century Center is expected to contribute approximately P500 million in annual revenues to CPG’s leasing portfolio.
“We are very pleased with the outcome and early success of Asian Century Center. We thank the Asian Carmakers Corporation for a fruitful partnership and our project stakeholders who gave their trust and support in us. The addition of this green building into the office inventory of BGC and Taguig City is quite timely as more companies look for well-designed and efficient office spaces to locate in,” said Century Properties Chairman and Chief Executive Officer Jose E.B. Antonio.
Asian Century Center is accredited by the Philippine Economic Zone Authority (PEZA) and meets its strict requirements of 100-percent power backup, provision for high-speed internet and infrastructure, and a building management system.
The tower has been pre-certified for the core and shell rating of LEED (or the Leadership in Energy and Environmental Design), a globally recognized green building and sustainability certification system. Precertification is awarded to projects with achievable sustainable targets that demonstrate the project’s commitment to LEED certification. Asian Century Center is working towards a LEED Silver status.
The real estate brokerage services firm Leechiu Property Consultants is the appointed exclusive leasing manager for Asian Century Center.
CPG’s recurring income has increased at a double-digit growth rate as it moves towards its goal to quadruple its leasing assets. From its current completed gross floor area of about 133,000 square meters, the portfolio will increase to a gross floor area of about 300,000 square meters by 2020 once its leasing projects are completed. Aside from Asian Century Center, the 58,618-square meter Century Diamond Tower is slated to open in 2019. #