Century Properties, Asian Carmakers to Launch Fort Project

Makati—(PHStocks)—Century Properties Group Inc. (PSE: CPG), together with Jose Ch. Alvarez-owned Asian Carmakers Corporation (ACC), will launch a two-tower development in Bonifacio Global City this year.

ACC is the lessee of the property bounded by 3rd and 4th Avenues and 27th Streets in Fort Bonifacio Global City, Taguig. The lot is owned by AFP-MBAI.

“ACC shall form a new corporation with CPGI to construct two towers, one for commercial offices and the other for a hotel, with an expected gross floor area of 30,000sqm. As Century is expecting to complete over 4,000 units with 200,000 net saleable square meters of residential condominium units by December 2013, we are seeking to re-invest earnings into recurring income assets. We also expect the completion of our lifestyle mall called Century City Mall by the fourth quarter of this year,” says CPGI Chairman Jose E.B. Antonio.

Century Properties Group was the first builder to finish and turnover a building in Bonifacio Global City with its award winning residential condominium called Essensa East Forbes.

With 26 years in the business of real estate development, marketing and property management, Century Properties is the developer behind such prestigious projects as the Azure Urban Resort Residences in Paranaque City, with a beach club designed by Paris Hilton; the Knightsbridge Residences at Century City, Trump Tower a t Century City, the Milano Residences interior design by Versace Home, Acqua Livingstone interior design by MissoniHome; Acqua lguazu yoo inspired by Starck; and Centuria Medical Makati in partnership with GE Healthcare.