Century Properties eyes P1B sales from office, retail leasing
Century Properties Group of Bilyonaryo Jose Antonio sees rental revenues hitting more than P1 billion by 2020 as it continues to build more office buildings and retail centers.
CPG expects to have over 300,000 square meters of retail and office space by 2019.
“By 2020, CPG projects to generate over P1 billion in revenues from these assets,” the company said.
At Century City in Kalayaan, Makati, CPG has completed three residential towers and two commercial projects, Century Cty Mall and Centuria Medical Makati.
Given stable macroeconomic conditions and favorable interest rates, the company remains optimistic about the prospects of the real estate industry.
“The projects that we are bringing online will have very sound economics and potential to increase our margins.
Looking forward, we will continue to deliver projects that will accelerate growth and enhance shareholder value,” said Kristina Garcia, director for Investor Relations at CPG.