CPG to open P1-B office building in December

ASIAN Century Center is compliant with the United States’ Green Building Council’s Leadership in Energy and Environmental Design.

CENTURY Properties Group, Inc. (CPG) will open a new office building in Bonifacio Global City (BGC) in December, expecting the project to generate around P468 million in revenues annually once fully leased out.
In a statement issued Monday, the Antonio-led property developer said the P1-billion Asian Century Center will offer a total of 26,913 square meters.
Located along 27th Street on the corner of 3rd and 4th Avenues of BGC, the building has been accredited by the Philippine Economic Zone Authority (PEZA), granting locators with tax perks. It is also compliant with the United States’ Green Building Council’s Leadership in Energy and Environmental Design (LEED).
The tower was developed in partnership with Asian Carmakers, Corp., the exclusive distributor and importer of BMW vehicles in the Philippines. CPG earlier said the 21-storey tower will house the largest BMW showroom in the country.
“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,” CPG Chief Operating Officer Marco R. Antonio said in a statement.
CPG engaged real estate brokerage services firm Leechiu Property Consultants (LPC) as the exclusive leasing manager for the tower.
The company’s development of the Asian Century Center forms part of its efforts to diversify its portfolio to include affordable horizontal housing, leisure and tourism, and for-lease properties, in addition to its core high-rise condominium developments.
For its office segment, CPG has also partnered with Mitsubishi Corp. for the development of the 35-storey Century Diamond Tower in Makati City. It has tapped LPC to manage the property, which is set to contribute P844 million worth of annual revenues to the company. The tower will be opened next year. — Arra B. Francia