Friday, February 20, 2015

Century Properties to sell P2.5-B worth of office spaces

Located along Kalayaan Avenue in Makati, Century Properties' forthcoming luxury condominium, Century Spire, is offering up to 23,000 square meters of office spaces to end-users and investors. 

Spanning 50 to 90 square meters, the building's single-unit offices sell for P185,000 to P205,000 per square meter. In total, the office spaces are told to be worth P2.5 billion, according to the developer.

"We are strengthening our commercial portfolio on top of our current concept residential projects," said Marco Antonio, chief operating officer of the upmarket property firm. 

"Diversifying to other product offerings, such as office space, is instrumental in sustaining the growth for the company," said Antonio, who cited the recent boom in Business Process Outsourcing (BPO) and IT industries as further incentive in tapping into the office sector. 

The last high-rise pegged for the developer's eponymous township Century City, Century Spire stands as a residential condominium with suites, one-bedroom, and two-bedroom units supplemented by five "core" amenities -- a lobby, a pool, a bar, a relaxation area, and a library. 

Interiors were assembled by Armani/Casa, while the architecture was designed by Daniel Libeskind, known for rebuilding New York's Ground Zero. 

With a number of sustainable features to reduce waste and energy consumtion, the Century Properties is also aiming to have the tower become LEED-certified. 

Specializing in luxury residential towers, Century Properties Group, Inc. was founded by Jose E.B. Antonio in 1986. To date, CPI holds the distinction of having raised a number of the tallest buildings in the country, with the Gramercy Residences, spanning 250 meters in height; and the Knightsbridge Residences, at 220 meters. 

Launched in 2006, their flagship township Century City will be comprised of condominiums (the Gramercy Residences, The Milano Residences, the Knightsbridge Residences, and Trump Tower), corporate towers, medical facility Centuria Medical Makati, and Century City Mall.


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