http://i6.photobucket.com/albums/y215/jafhoy/LopezCentre.jpg

Was put on-hold. To be constructed in 2007 in Rockwell Center, Makati.

Standing 320 meters or 1050 feet tall. Tallest in the Philippines upon completion.

http://i6.photobucket.com/albums/y215/jafhoy/LopezCentre.jpg

Was put on-hold. To be constructed in 2007 in Rockwell Center, Makati.

Standing 320 meters or 1050 feet tall. Tallest in the Philippines upon completion.

office tower's occupancy rate in Makati?

Occupancy rate in makati is quite high, there wl be a demand if moderate of new office space in makati. Thanks to that there is a BPO tower planned in makati, maybe this tower will be ressurected to a serious proposal for office space, if not residential/hotel or mixed use

It's fine. As long as we can find something to support this thread.

Rockwell begins P10-B, five-yr. development plan
THE COMPANY CAN ALSO ACCESS P2.5-B FACILITY
By Honey Madrilejos-Reyes

Reporter

THE Lopez-controlled Rockwell Land Corp. will spend nearly P10 billion in a five-year development program that includes various property development projects and the construction of an office building for business process outsourcing (BPO) in the Ortigas commercial district.

For this year alone, company president Nestor Padilla said they will be allotting P2 billion to fund the continued development of its residential towers at Rockwell Center and the construction of a BPO building near Medical City in Ortigas.

“We have the money to fund these projects,” Padilla told BusinessMirror. “But should we need more, we can easily tap a P2.5-billion facility being offered to us by two financial institutions. Debts are still the cheapest way of raising funds,” he told BusinessMirror.

The plan is to build three BPO buildings and a residential enclave.

“We now have gotten approval for us to start redevelopment of portions of [the] Meralco property,” Padilla said. We’re looking at carving out 1.3 hectares just beside Medical City… that will house three… BPO buildings. And we’re also working [at an] initial residential enclave in that part. The planning is actually in the very, very advanced stage.”

He said Rockwell Land will start constructing the first BPO building this June and expects to complete it after a year.

“We are thinking of building a 10- to 15-story building that can accommodate more than 8,000 seats. If the demand is strong, we will immediately build the two other buildings,” Padilla said.

Building the three BPO towers will require total funding of P1.5 billion. The budget for the residential enclave, on the other hand, was not yet divulged, but the plan of the company is to put up a tower with 25 to 30 floors.

The company will also revisit the plan to develop the Lopez Tower, which it planned on doing before the Asian financial crisis erupted in 1997.

“That is a 60,000-square-meter gross leasable landmark tower that can house a 65-story building and I think the time is right for us to revisit it. It will complete Rockwell Center as a self-contained center, with residential, office, mall and school,” Padilla said.

The development of the Lopez Tower will cost between P3.5 billion and P4.5 billion. The plan is to develop the upper half either as a hotel or serviced apartments and the lower half as commercial office spaces.

“If we start the development of the Lopez Tower this year, it will take us four years to finish it,” Padilla said.

Formed in 1995, Rockwell Land is a real-estate development company initially tasked to develop prime residential and commercial land located adjacent to the Makati central business district.

Its flagship project, Rockwell Center, is a living environment that combines residential, office, educational, entertainment and shopping in a self-contained and exclusive community. Its development began in early 1996.

Rockwell Centre sits on a 15.5-hectare property which used to house a Meralco power plant.

Rockwell Land is 51-percent owned by Meralco, 24.5 percent by Benpres Holdings Corp. and 24.5 percent by First Philippine Holdings Corp.

Occupancy rate in makati is quite high, there wl be a demand if moderate of new office space in makati. Thanks to that there is a BPO tower planned in makati, maybe this tower will be ressurected to a serious proposal for office space, if not residential/hotel or mixed use

I think the tower is better off as office instead of residential or hotel. There are too many high-rise condominiums sprouting around Metro Manila and not too much office towers.

I'm sorry, I ignored the "to be constructed in 2007". Is that true? Exciting! Please continue.

What a beautiful tower!!

Finally. :)

Rockwell listing to fund Lopez Center

Lopez-owned Rockwell Land Corp. is building its icon structure — the 65-floor Lopez Center — in the 15.5-hectare Rockwell Center within the year and is planning to go public to raise funds for the construction.

The firm is spending up to P5 billion for the project, which will sit on a 65,000 square meter lot behind the Power Plant Mall, Assistant Vice-President for Business Development Ninalyn S. Cordero told BusinessWorld.

"The Lopez Center has been in the master plan for so long. It’s going to be the highest building in the country and the plan is to consolidate all Lopez offices in that building," she said.

The building will take three to four years to construct. It is expected to fully operate by 2011.

Lopez Center is targeting the upper market particularly international firms. "It’s all office for now. We are categorizing it as a premier office building and envisioning it to house the main headquarters of multinational companies," Ms. Cordero said.

Outside Rockwell Center, the Lopez-owned property developer is also planning to put up a 20-storey office building on a 60,000 to 75,000 sqm. property in Pasig, which will cater to business-process-outsourcing companies.

The company is setting aside P3 billion for the project.

The company is also targeting residential and retail components outside its flagship project.

Ms. Cordero said proceeds from the planned initial public offering (IPO) would also be used for these expansion projects. "We are talking to various financial advisers for the IPO. The clamor is to do it this year because of the strong market. If we can do it by end of 2007, then we will do so."

The firm is aiming to raise $100 million, from the shares sale, she added.

The company is spending P2 to P3 billion for capital expenditures this year to partly fund various projects.

Rockwell on Wednesday inaugurated a new information center. It also broke ground for residential condominium complex One Rockwell.

In May 2002, it started construction of a condominium project, The Manansala, which had 98% market take-up as of December 2005 at around which time the project was completed.

In January 2004, Rockwell launched the Joya, a new residential tower on the east side of Rockwell Center.

The project broke ground on Aug. 27, 2004, with 82% market take-up as of end-2005. Total estimated cost to complete the project amounted to P4.6 billion. Joya topped off its South Tower five months ahead of schedule last Wednesday. Rockwell expects to complete the Joya by 2008.

Rockwell the property development arm of the Lopez group, has posted around P10 billion in revenues from selling out its Joya residential towers and increasing sales of its One Rockwell development in its recently concluded roadshow to the United States. — Bernardette S. Sto. Domingo

http://www.bworldonline.com/BW032307/content.php?id=041

Oh. So it's official? WOW! :scouserd: Damn, MM needs a supertall!

So I got a supertall in my home country (this one), and a supertall in my home state (Signature Tower, TN).

What fun!

Hi guys. I'm not sure, but this thread is for construction updates and the Lopez Centre isn't even under construction (YET).

Well, the 'supertall' forums have the mighty Al Burj, Chi-Spire, and Las Vegas Tower, all of which are still in proposal stage.... so Lopez being here isn't too bad.

^^ That's old information. This tower is going to be under construction soon. :)

Anyway, supertall in Tennessee?

Well, the 'supertall' forums have the mighty Al Burj, Chi-Spire, and Las Vegas Tower, all of which are still in proposal stage.... so Lopez being here isn't too bad.

The post you quoted was made when threads for projects which are u/c and proposed were still separated. Now, regardless of their status, the projects are being categorized by their height :)


---------------
I hope the Lopez Group could raise funds for the construction asap, I want to see this baby built immediately! :D

atlast!!! i hope the much taller "SKYCITY" will follow!

oh shit, this is good news!!! i've been away for so long i have no idea there's already a solid news on this project! let's all buy rockwell stocks!!!

atlast!!! i hope the much taller "SKYCITY" will follow!

I actually hope that The Lopez Centre would be taller than Skycity. But that's great news for Manila :clap:

Ah, my bad about the quoting then...

Rockwell is gonna rock.

Looks like the Freedom Tower. Only 10 times better.

Looks like the Freedom Tower. Only 10 times better.

Agree, the sme design :lol:

does anybody have a site masterplan of rockwell center?
and also info on plans and heights of all the developments within it?

i am planning to create a 3d model of rockwell center so all who have info on this, any help would be appreciated

you can PM me details if you have

thanks a lot!

I think the Lopez Center design came out years before the FT design.

I think the Lopez Center design came out years before the FT design.

Yes the Lopez Center Design was brought out in the late 90's.

SOM designed the LCT aswell as FT, the LCT design came in the late 90's.

they recycled the design, lol

Great news...

cool tower!

i think Makati needs a supertall ;)

for me every big city needs one :D

This tower has really attracted much attention on the forum, is anybody able to post some more indepth info on it here please?

Rockwell to start work on
Lopez Tower, BPO projects

ROCKWELL Land Corp. is set to
pour some P10 billion into different
property development and construc-
tion projects, including the shelved
Lopez Tower, in the next five years.
The company plans to allot P2B
for the development of its new resi-
dential towers in Rockwell Center
and the construction of a business
process outsourcing (BPO) facility
in Ortigas this year alone.
Rockwell president Nestor Padilla
said that the company has the money
to fund its projects and can tap into a
P2.5B facility being offered by two
financial institutions should the need
for additional funding arise.
The construction of the Lopez
Tower, which was shelved when the
Asian financial crisis hit in 1997,
may also push through this year.
“That is a 60,000-square-meter
gross leasable landmark tower that
can house a 65-story building and I
think the time is right for us to revisit
it,” Padilla said, adding that the tow-
er will complete Rockwell Center as
a self-contained center, with residen-
tial, office, mall and school.
“If we start the development of the
Lopez Tower this year, it will take us
four years to finish it,” Padilla noted.

found it in another thread.i'm so excited about this!

great news :)

btw...change the title to 65F :)

really! great! )

2 months have poured in.. my patience is depleting for this tower!!! I can't wait for the official groundbreaking date! sana taasan pa kahit 50m man lang..

^^unfortunately it may not happen, 300m + is still a milestone for makati though

so when's the groundbreaking? can't wait for it. finally the PI will be on the map again w/ it's supertall skyscraper.

Looks like the freedom tower.. isnt it>?

yea. i think the difference is only the spire.
but the freedom tower is much taller. hehe. :D

Cool tower, hope i gets built

Rockwell raises P2B from corporate notes

Lopez-Owned property developer Rockwell Land Corp. is issuing seven-year fixed rate corporate notes worth P2 billion for a plan to put up office buildings.

In a statement, the company said First Metro Investment Corp., a Metropolitan Bank subsidiary, and Philippine Commercial Capital, Inc. were tapped as the joint managers and lead underwriters.

Ninalyn S. Cordero, assistant vice-president for business development, said the issuance would be released in two tranches.

"It will be drawn in two tranches. The first tranch will be on August and the second one will be on first quarter next year," she said.

She declined to disclose the price for the bond issue.

Ms. Cordero said proceeds from the issuance would be used primarily for the construction of Rockwell’s business process outsourcing (BPO) complex in the Ortigas business district.

The BPO complex is Rockwell Land’s first project outside its 15.5-hectare Rockwell Center.

The Lopez-led firm said the BPO complex would rise on a 1.3-hectare property owned by the Manila Electric Co., which has a 51% stake in the firm.

The BPO complex, which is based on a campus-like concept, will consist of three buildings spaced far apart and spread between greenery.

The first tower will have 20 floors, while the second and third towers will have 15 and 10 floors, respectively.

The first and second towers are expected to be completed by the end of 2008.

Ms. Cordero, in an earlier interview, said the project would bring over 70,000 square meters of preferred office space aimed at addressing the growing demand for work environment catering to the needs of the booming BPO sector.

Rockwell Land, the property arm of Lopez’s holding group, is also planning to build the "Lopez Center" within the year.

The firm has allotted up to P5 billion for the 65-storey structure, which will rise on 65,000-square meter lot behind the Power Plant Mall in Makati City.

The building will be fully operational by year 2011 as construction will take three to four years.

The Lopez Center, the firm said, would cater to international companies that will house their main headquarters in the building.

Rockwell Land plans to go public to raise funds for this project. The firm aims to secure $100 million from the shares sale.

Previous projects of Rockwell Land included residential condominiums like One Rockwell, The Manansala and the Joya. — Lovely Nica P. Lee

is it starting yet??

no, unfortunately not

5 months to go before 2007 ends.

wa. my patience is running out!. :D

at least there are reports that it's gonna be built soon.. unlike several years ago.:)

soon? so when's soon?

^ The article says "within the year", lets wait and see :)

let's not lose hope. eventually we'll see it soar up. soon.

yes. lets just wait.
i wish that the three supertalls will be constructed. :D
this one, the skycity and the one proposed in BGC. :)

^ Hope skycity and the other gets resigned. Lopez tower is simple and beautiful, with its massive footprint. Of course we may have to wait since a redesign may be on the works, after all office buildings nowadays in the Phils tend to be mid-rises, allowing faster completion dates, this will be most likely mixed-used.

huh. doesnt the one in century city have more floors?

^^ isnt not th gramercy project will try to conquer the philippine skies

^^probably the Pagcor Tower? hehe

dont know if anyone has mentioned this before but this looks alot like the freedom tower in NY

^^ mentioned many times before. hehe

Lopez Centre is amazing! hahaha

dont know if anyone has mentioned this before but this looks alot like the freedom tower in NY

no. that's terribly wrong. it's freedom tower that looks like the lopez centre since the design of the lopez centre came out years before the trade center towers even fell.

same architects*

They are both designed by SOM.

Yes. The architects made the freedom tower similar to lopez centre.

^^ isnt not th gramercy project will try to conquer the philippine skies

nope... there is another project from the Metrobank Group which shall build the tallest... this is going to be in the North Bonifacio portion of Bonifacio Global City.... I think they still have not released a final render though there was a rendering that was previously posted in the Philippine forums..

Rockwell defers planned market debut
CITING TIMING considerations, Lopez-owned property developer Rockwell Land Corp. has deferred a plan to list at the local bourse this year.

In an interview, Rockwell Land Assistant Vice-President for Business Development Ninalyn S. Cordero said the property developer had been looking at listing at the Philippine Stock Exchange this year, given the strong performance of the bourse.

The Powerplant Mall in Makati City But she added that next year would be a "more realistic" target.

"It is a timing consideration. This year could have been the earliest but next year seems to be more realistic. We are preparing for the IPO and we will see when the market timing will be right," she told BusinessWorld.

Rockwell, which is engaged in the construction and marketing of office space and high-end residential condominiums and the lease of retail space through its Powerplant Mall, had been planning to sell shares at the stock exchange to raise funds for the 65-storey Lopez Center.

The building, estimated to cost $100 million, will be the last project to be constructed in Rockwell’s 15.5-hectare Rockwell Center in Makati City. The office space will be fully operational by 2011.

Lopez-led First Philippine Holdings, Inc. owns 24.5% of Rockwell, while distribution utility Manila Electric Co. — also a Lopez-led firm — owns 51%. The remaining 24.5% stake is owned by Benpres Holdings Corp.

Benpres President and Chief Operating Officer Angel S. Ong told reporters last week that the IPO of Rockwell has been slated for next year.

He also said that Rockwell has appointed CLSA, a brokerage, investment banking and equity group under France’s Credit Agricole, as underwriter for its public offering.

Benpres, he added, planned to sell its entire stake in Rockwell and use the proceeds to pay off obligations.

" We need to pay our debt. We have to sign agreement with our creditors," he said.

Mr. Ong declined to say how much Benpres would raise from selling its 24.5% holdings, but noted that the property firm has a book value of P4 billion to P5 billion.

Benpres is the Lopez family’s holding company for investments in broadcasting and entertainment, cable television, telecommunications, power generation and distribution, infrastructure, real estate development, and health care delivery.

The company has been negotiating with creditors for a debt restructuring agreement. As of December 2006, it had $360 million and P2 billion in direct and contingent obligations, unchanged from principal debt as of December 2005.

In its 2006 audited financial statements, Benpres said it made semiannual interest payments on its direct and contingent obligations that are covered in its proposed balance sheet management plan.

The balance sheet management plan was announced in 2002 to address all its financial obligations involving activities to reduce debt and dispose non-core assets.

Back


From businessworld

Is it still a supertall? LOL. and are they going to update the design?

what is the final design? I think Manila skyline need something more special and unique! ^^

^^ It's supposed to start construction this year.

no new updates?

almost 1 month to go before the year ends....

^^ kaya nga eh... without any news about it. ):

who0o. tagalog. haha. :)) ^^

i hope they start constructing lopez centre soon...because 10 years from now Dubai will mostly own the Worlds top 100 tallest buildings,..i must say goodbye to PBcom tower...:ohno:

the plan is 2008.
completion is 2011.

^really? wow

any news?

They should change the height to 400 metres

T.O needs somthing like this..
Congrats guys... looks pretty sharp.. I'm surprised it's not in Manilla instead:)

It fits in better in Makati. But it's still close to Manila. If this tower gets built, you can see it from the Manily Bay.

is this really being built? ive bin to rockwell last dec 07, i only saw the one rockwell area, havent sin this, i wanna ask the guards nga eh:nuts:

mmmmmmmmmmmmmm

They should change the height to 400 metres

why should they even bother if theyre not even going to build this. :ohno:
this thread should be closed!

^^ Remeber the old news articles that Rockwell was looking for funds for this project? After that, they never said they canceled.

^^ most likely to be scrapped! :ohno:

^^ you are quite wrong...it's going to be finally officially launched this year!!! :banana:

the bad news is...this may not become a supertall. they're slashing at least 10 floors :cry:

"It is supposed to be the tallest building in the Philippines. But it won’t be as tall as the original plan. We are still looking at 50 plus storey building," he said.

Read the article below:

http://www.bworld.com.ph/BW012808/content.php?id=041

Rockwell to launch Lopez Center, housing project
Ruby Anne M. Rubio
BusinessWorld
January 28, 2008

LOPEZ-OWNED property developer Rockwell Land Corp. has allotted P16 billion for two projects that are set to be launched this year, company officials said.

In a briefing last week, Rockwell officials said the company would start on the one-hectare Lopez Center in Makati City and the 5.5-hectare The Grove along C5 Road, Pasig City.

The projects, company officials said, would push through even if Rockwell’s planned $100-million initial public offering (IPO) is shelved, as the firm could tap private equity for funding.

"We have that flexibility to source our funding from the banking sector. I guess funding for the projects is not a main issue. We have been approached by equity investors... even private equity is an option," Rockwell Land Assistant Vice-President for Business Development Ninalyn S. Cordero said.

The Grove

The Grove will transform the former site of General Milling Corp. along C5 Road into a residential haven that will target the mid-range market.

It will feature five towers of high-rise condominiums.

"It is going to be our major project. The quicker we can do it, the better. We will start construction early next year but we will launch it this year. We are still in the finalization stage. Development will take five to seven years," Ms. Cordero said, adding that Rockwell might still expand the project.

Lopez Center

Meanwhile, The Lopez Center will be the last project to be constructed in Rockwell Land’s 15.5-hectare Rockwell Center in Makati City.

The office space will be fully operational by 2011

Valerie L. Soliven, vice-president for sales and marketing, said the Lopez Center would house the headquarters of the Lopez-led companies.

"We are hoping most of the companies in the Benpres building will transfer. We don’t know what we are going to do with it (Benpres building). But the plan was to move as soon as the Lopez Center is built," she said.

Rockwell Vice-President for project development Bong C. Filart said the Lopez Center would be the "iconic tower" at Rockwell Center.

"It is supposed to be the tallest building in the Philippines. But it won’t be as tall as the original plan. We are still looking at 50 plus storey building," he said.

Ms. Cordero said the company’s IPO plans would depend on market conditions.

Earlier, two firms — Cebu Air, Inc., and Petrolift, Inc. decided to defer their planned IPOs due to unfavorable market conditions.

"If we are making preparations, it is to go for the soonest possible time we can list. But no one can tell. No one will be spared from the subprime as we see it happening globally. Because our local fundamentals are very sound, we are still very optimistic," Ms. Cordero said.

Rockwell Land plans to sell 25% to 30% of its shares on the stock exchange.

It has appointed CLSA, a brokerage, investment banking and equity group under France’s Credit Agricole, as underwriter for its public offering.

"We are looking at floating 70% to the international market and 30% locally," Ms. Cordero said.

Lopez-led First Philippine Holdings, Inc. owns 24.5% of Rockwell Land, while power distribution utility Manila Electric Co. (Meralco) — also a Lopez-led firm — owns 51%.

The remaining 24.5% stake is owned by Benpres Holdings Corp.

Ms. Soliven said Rockwell Land saw a 30% increase in sales last year at P5.7 billion.

"For this year, mostly local residents are buying [condominium projects]. There is a lot of familiar names. There is a lot of our clients who bought initially then bought their second and third units," she added.

The Business Center

Meanwhile, the construction of three business process outsourcing (BPO) facilities in the Meralco compound in Ortigas Avenue, Pasig City is proceeding, Jose Luis F. Matti III, general manager of Rockwell Integrated Property Services, Inc., said.

"We plan to have it ready for fit-out by fourth quarter this year," he said.

"We are temporarily calling it as The Business Center," he added.

The development will have three towers with a total leasable area of 76,000 square meters.

"It is going to be campus-type. It is something different as it will have a lot of greenery. The site itself is over a hectare," Mr. Matti said.

The BPO project, which broke ground last August, is a joint venture between Meralco and Rockwell Land.

Mr. Matti said they would secure approval from the Philippine Economic Zone Authority so locators will enjoy tax incentives.

There are already three locators for The Business Center but he declined to disclose their identities due to confidentiality.

Mr. Matti said he was optimistic that the BPO market in the Philippines won’t be significantly affected by US woes.

"There is also potential from countries like India moving their operations here. They are getting pressures from some of their clients to use other locations aside from India," he added.

http://img143.imageshack.us/img143/9559/lopezcentrehp5.jpg

don't believe all things you see on emporis ^^

i just can't wait for the launching this year!!!

nice design. i like it! =D

Why did they slashed off 10 floors?

great design its a pity they slashed 10 floors but at least it wasn't cancelled and is goin ahead albeit a little late it would fit right in with makati skyline

Read from the Philippine forums, the reduced height might be a hoaxed. They might still go with the original height or even taller.

To be honest, I like this design better than The Freedom Tower. Personally, I pity New Yorkers for not getting this design.

This would look very impressive in Lower Manhattan!

Yep. There's this fight over who gets the tallest building in the Philippines...

yeah, with the current competition to dethrone PBCom as Philippines' tallest, they might still go for the original planned height...

anyway, here's my forecast estimate for the other projects all battling it out with Lopez Center this year...

Gramercy Residences - 296 meters
Federaland/Metrobank - 281 meters

Another rendering of the Lopez Center revealed inside a newly completed condo in the complex where this supertall is to be built.


http://i9.photobucket.com/albums/a91/EnozAnewor/marisafabrigasjoya02-1.jpg

Very nice "freedom tower" ! I like it !

^^If you read on this thread, you will know that SOM designed the Lopez Tower first prior freedom tower in NY...

Congrazz... another supertall proposal for Makati

this will definitely change the Makati skyline!

it looks like the Freedom tower but this was designed first for the Lopez center.

Yeah but since the freedom tower started construction first (even tho it experienced a delay of its own), many consider it to look like the freedom tower rather than vice versa.

I like the top of this building. Would be quite impressive if it is way taller, at least 400 m. Would this be built soon?

^^It should start this year, as per some earlier posts and news articles.

Freedom Tower is copycat :)

Lets not hate on Freedom Tower..we all know what it stands for;)

When will the construction start? I thought it will be started in 2007, what happened?

nobody knows when it will start, and when i remember right it isn't even sure it will be build

^ This will be built. This is the Lopez Family's most cherish project for their complex.

still waiting for funds.

nobody knows when it will start, and when i remember right it isn't even sure it will be build


hhahahahahahaha :ohno: tsk

http://Rockwell Land mulls IPO
Rockwell Land mulls IPO
By Zinnia B. Dela Peña
Friday, April 18, 2008
The planned initial public offering (IPO) of Lopez-controlled property firm Rockwell Land Corp. may take place either late this year or early 2009 depending on market conditions, a top company official said.

“If there’s a window later this year then we might do it this year. But we’re definitely considering doing an IPO for Rockwell, ”said Elpidio Ibanez, president of First Philippine Holdings Corp., the parent firm of Rockwell.

Rockwell is eyeing to raise around $100 million through the maiden offering of its shares to the public to fund the development of the Lopez Tower and The Grove, a mid-cost residential project in Pasig.

The Grove, which will rise on a five-hectare property formerly owned by General Milling Co. along C-5 in Ortigas, will have five high-rise residential towers and a small commercial component to be developed over five to seven years.

Estimated to cost about P12 billion, the project is slated for construction early next year with the initial phase costing P8 billion.

Rockwell will also need around P4 billion for the development of the 50-story Lopez Center, the last project in the Rockwell Center, a prime 15-hectare community with condominium projects, sports and leisure clubs, and a lifestyle shopping center.

The company is in talks with three to four locators for its planned call center building as part of a redevelopment plan for the property.

The plan involves the construction of three office buildings and a residential enclave.

Rockwell Land is a joint venture among the Lopez-controlled firms Manila Electric Co. Benpres Holdings Corp. and First Philippine Holdings.

^^ 50 Storey?

^^ Yeah, they decreased the floors from 65 to 50. I don't think this will reach 300m.

yes, that's very unlikely

a pin light of hope :D

http://www.businessmirror.com.ph/07282008/companies02.html

Private equity funds keen on Rockwell
By Honey Madrilejos-Reyes
BusinessMirror
July 28, 2008

WITH the weakness in the market spoiling its plans to offer stocks to the public, the Lopez group is in talks with foreign equity funds interested in Rockwell Land Corp. (RLC).

In an interview, Benpres Holdings Corp. (BHC) president Angel Ong said there are private equity funds talking to the real-estate company but everything is still at the exploratory stage.

“RLC is deferring its IPO because of the market slowdown. Having said that, maybe it’s a good idea to entertain these offers,” he said.

He said even BHC might sell its entire 24.5-percent stake in RLC if an investor lays down a good offer.

“[I]Mahirap magsalita about the value of our stake. But if ever, the proceeds of our divestment [in RLC] will be used to pay debts,” Ong said.

RLC, famous for its Rockwell Center development in Makati City, was expecting to go public this year but decided to delay the plan until market conditions become more conducive.

RLC has tapped Hong Kong-based investment banker CLSA as underwriter for the planned share sale.

The proceeds from the sale will be used to fund its other developments, including one on a recently acquired property along C-5 in Pasig City.

Apart from BHC, RLC is 51-percent owned by Manila Electric Co. (Meralco) and 24.5 percent by First Philippine Holdings Corp. The Lopez group controls all the owners.

RLC said earlier it was spending nearly P10 billion from 2007 to 2011 for various property development projects, including the construction of a BPO office building in Ortigas area.

The BPO project is part of the redevelopment of the Meralco property in Pasig. The plan is to build three BPO buildings and a residential enclave.

The company will also revisit the plan to develop the [b]Lopez Tower, which it originally planned to start before the Asian financial crisis erupted in 1997.

Formed in 1995, Rockwell Land is a real-estate development company initially tasked to develop prime residential and commercial land located adjacent to the Makati central business district.

Its flagship project, Rockwell Centre, is a living environment integrating residential, office, educational, entertainment and shopping into one self-contained and exclusive community. It started development in early 1996. The Rockwell development sits on a 15-5-hectare property where a Meralco-owned power plant used to be located.

^^a dot

Where the hell is MAKATI? My first thought was that its an Emirati city raised from the desert overnight. But it mentions the Phillipines. So, it's a single skyscraper town somewhere in the jungle?

:ohno: Hindi. It's in Metro Manila on Luzon.

http://upload.wikimedia.org/wikipedia/commons/f/fe/Ph_locator_ncr_makati.png

Where the hell is MAKATI? My first thought was that its an Emirati city raised from the desert overnight. But it mentions the Phillipines. So, it's a single skyscraper town somewhere in the jungle?

what an ignoramus. :lol:

Where the hell is MAKATI? My first thought was that its an Emirati city raised from the desert overnight. But it mentions the Phillipines. So, it's a single skyscraper town somewhere in the jungle?


:ohno: harsh

Lopez? what a name :S, it's a very common spanish surname, and an old spanish comic superhero
http://tusdownloads.files.wordpress.com/2007/11/super1.jpg

Where the hell is MAKATI? My first thought was that its an Emirati city raised from the desert overnight. But it mentions the Phillipines. So, it's a single skyscraper town somewhere in the jungle?

yes, Makati is a jungle...a steel, concrete and glass jungle ;)

http://photos-191.friendster.com/e1/photos/19/11/55201191/1_253207767l.jpg

makati city at night

Lopez? what a name :S, it's a very common spanish surname, and an old spanish comic superhero
http://tusdownloads.files.wordpress.com/2007/11/super1.jpg


:lol: the developers have spanish ancestry, apparently. say hi to magellan for me :D

:lol: the developers have spanish ancestry, apparently. say hi to magellan for me :D

Magellan was a Portuguese ;)

Where the hell is MAKATI? My first thought was that its an Emirati city raised from the desert overnight. But it mentions the Phillipines. So, it's a single skyscraper town somewhere in the jungle?
:ohno::ohno::ohno:

this is MAKATI
http://i87.photobucket.com/albums/k127/jerneth/Eton%20Residences/Skyline.jpg

Magellan was a Portuguese ;)

...who was financed by the spanish empire ;)

^^ nonetheless, he's portuguese.

and shame on the korean south african.

^^who nonetheless was financed by the spanish empire. i have all day...

anyway, Lopez Centre will become the crown jewel of this cluster in Makati


Rockwell Center
http://farm4.static.flickr.com/3261/2565734552_032272cbeb.jpg

http://farm4.static.flickr.com/3186/2613360057_1a5411e959.jpg

^^ that would really look awesome as long as the "Super Lopezes" stick to the 65-storey plan, not the 50 storeys as announced recently.

PLease Renew this project.

^^ I hope they do reconsider the height, and the project.

65 will do, but not 50. Or better if 75. :okay:

^^ 80! :lol:

hey this thread deserves a new title like the Nashville Signature Tower!

let's call it probably dead as well.

^^ Can we revitalize this when we have the confirmed news that its going to be built? :?

this was cancelled as of 2009

yes, lock this
thread please.

so sad..

no updates?

its simple..yet stunning!!:D

Another thread which sould be moved to the archives