Century Properties Group Inc. said it will open its P1-billion green building—Asian Century Center—in Bonifacio Global City in December this year.
Century Properties said in a disclosure to the stock exchange the 21-story tower would have 26,913 square meters of leasable space, contributing an estimated P468 million in annual revenues to the group once fully leased out.
Developed in partnership with Jose Alvarez-led Asian Carmakers Corp., Asian Century Center is accredited by the Philippine Economic Zone Authority and follows the core and shell rating system of the US-based Leadership in Energy and Environmental Design (LEED), a recognized green building certification system in the world. The project is a pre-certified LEED building.
“CPG is consciously improving its developments to not only conform with modern specifications but also green and sustainable design. Asian Century Center is CPG’s proud addition to its office leasing portfolio as it provides great value to its locators through its superior features, Peza accreditation and LEED compliance,” Century Properties chief operating officer Marco Antonio said.
The office building is designed with the latest building features, including the variable refrigerant flow air-conditioning system, a building automation system, 100-percent backup power with redundancy, and fire detection and alarm systems.
The real estate brokerage services firm Leechiu Property Consultants has been appointed exclusive leasing manager for the tower.
Century Properties in September also signed with Leechiu to market 58,618 square meters of net leasable space in Century Diamond Tower, a 35-story premium office building that the company is developing in partnership with Mitsubishi Corp.
Scheduled to be completed by 2019, Diamond Tower is expected to contribute P844 million in annual revenues to the company.
The property firm has been diversifying its portfolio by adding to its high-rise condominium projects other segments, such as affordable horizontal housing, leisure and tourism developments and for-lease properties to create a solid four-platform business.
From its current completed gross floor area of about 133,000 sqm, the group’s leasing portfolio is expected to increase to 300,000 sqm. by 2020 once its leasing projects are completed.