Century Properties Group said it expects to generate up to P2.5 billion from the sale of Grade A office space at the 60-story Century Spire along Kalayaan Avenue in Makati City.
Century Properties said in a disclosure to the stock exchange it would sell a total of 23,000 square meters of office space at Century Spire to users seeking a prime location and to those seeking to lease out their purchased units upon completion.
Century Spire, a mixed-used tower which is expected to be completed by 2018, is the centerpiece of the 3.4-hectare community called Century City.
Unit office spaces range from 50 to 90 square meters to be sold at a price of P185,000 to P205,000 per square meter. Units may be combined to occupy an entire floor of office space.
“We are aggressively pursuing our business expansion plans this year, which includes strengthening our commercial portfolio on top of our current concept residential projects. Diversifying to other product offerings, such as for sale strata office space, is instrumental in sustaining the growth for the company,” said Century Properties chief operating officer Marco Antonio.