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Jose Antonio eyes P1B rental income for Century Properties by 2020

Century Properties Group Inc. expects recurring earnings from its commercial property portfolio to reach P1 billion in five years.

Century Properties Group Inc. expects recurring earnings from its commercial property portfolio to reach P1 billion in five years.

The Antonio family-led realty firm is aggressively expanding its gross leasable area as part of a strategy to diversify its sources of income which traditional come from housing sales.

For its retail, office and medical facilities, Century properties expects to have roughly 300,000 square meters of gross floor area by 2020.

Centuria Mall, Centuria Medical Makati, and the Pacific Star Low-rise Tower are three of its current projects while the Forbes Media Tower at Century City, a joint venture between Mitsubishi Corp.; the Asian Century Center in Fort Bonifaio and Novotel Suites Manila are under construction with expected completion from 2017 through 2019.

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