Rockwell Land eyeing $100-M IPO despite market volatility
01/28/2008 | 10:57 AM
Email this | Email the Editor | Print | Digg this | Add to del.icio.us
Despite global market volatility, Lopez-owned Rockwell Land Corp. is eyeing to list in the Philippine Stock Exchange this year, a company official said.

In its planned initial public offering, Rockwell Land is aiming to raise some $100 million, representing about 25 percent to 30 percent of the company, to be used for the development of its projects, among others. CLSA was tapped by Rockwell to be its underwriter. Of the total size of the offering, 70 percent will be offered to foreign investors and 30 percent to local investors.

Presently, the company is 24.5-percent owned by First Philippine Holdings Corp., and 24.5-percent owned by Benpres Holdings Corp. and 51-percent owned by Manila Electric Co. FPHC, Benpres and Meralco are all majority-owned by the Lopez family.

“It will take us two to three months just to prepare for the IPO and we are still evaluating this prospect," Ninalyn Cordero, Rockwell Land assistant vice president for business development said.

The company is launching this year a 5.5-hectare themed development in C5 which was the former General Milling Property in Pasig City to be called “The Grove". The project will take about five to seven years to complete.

The Grove will have five towers and will also have retail and commercial spaces and will have a total development cost of P12 billion.

“With this project, we are aiming to make Rockwell Land more affordable," Cordero said, adding that the units will be old at 20 percent to 25 percent lower than Rockwell Center’s condominiums in Makati City.

The second project will be the redevelopment of Lopez Center in J.P.Rizal in Makati City. Benpres, which presently holds office in Pasig City, is planning to move its office into the project once completed.

http://business.inquirer.net/money/breakingnews/view_article.php?article_id=115152

^^ i think we already have a thread for this one ;)

Oh sorry for that I couldn't find it though. I've used the search function for this.

^^ i think we already have a thread for this one ;)

I can't find it too. :cry:

Other mods, please help. Where could it have gone?!? :?

---

from: http://www.benpres-holdings.com/media/lopezlink%20JUL08.pdf

The Grove by Rockwell
Quality within reach

THE Grove by Rockwell is set to
rise along the 37-hectare C5 corridor
of properties in Ortigas and
will begin construction this year.
Rockwell Land’s first project
outside the Rockwell Center is
an affordable development for
the upper-mid market that boasts
of the Rockwell stamp of luxury
and quality of living. Dallas-based
architect Don Wilder, principal of
Wilder Architecture, described the
development as being on “human
scale,” meaning people can relate
to it without being intimidated.

The Grove by Rockwell will offer
studios, one- or three-bedroom
flats, bi-level loft units, penthouses
and garden units. As in Number
One Rockwell, Z-lofts, which were
pioneered by Jun Rodriguez of
Pimentel Rodriguez Simbulan and
Partners, will also be available at
The Grove by Rockwell.
In addition, landscape designer
Karl Princic will work with the development’s
architects to deliver the
same quality offered by other Rockwell
Land developments within
Rockwell Center. (Vienn Tionglico)

o nga parang we have on baka it's not called the grove but the groove:lol:

^^ Not just parang. We really do have one before, I remember it, really. Maybe Sinjin can tell us what happened to it because he transferred some of the u/c threads (I did transfer some threads too, so pwedeng ako din ang may kasalanan :D ) into their proper subforums after the restructuring. O hindi kaya nagkaroon ng problema kasi medyo nagkasabay yata kaming maglipat ng mga threads?

rendering please. i have seen their ads inside Power Plant Mall, but all there is was a photo of a grass sprouting amidst withered bark of some sort. :D and i was too hesitant to approach the sales people. they look so intimidating. Aaron, maybe you have enough guts to deal with them? :)

^^ No thanks. :D Let's just wait for renderings. :colgate:

Finally, we have launched our new project called "The Grove by Rockwell" model units will be done by August

It will be around PHP80-90k per sqm and we will have really good payment terms so check it if you like! i can discuss it with you when youre free!

The Grove will have lots of gardens and pools and club like amenities such as spa, gym pool, soccer lawns, bbq area, and gazebos. It will be located in front of Tiendesitas. A total of 5.4hectares but we have plans of making it bigger around 15hectares (like rockwell now), its going to be the new rockwell in ortigas area with big cuts (compared to other ortigas projs). Whats nice with the Grove is that it will only have six towers in a 5.4hectares project meaning it will be very spacious and its very low density. One more thing is that the Landscape engineer of the Grove is Mr. Karl Princic of Intaran Design Inc. (go google him and see his designs!)


studio around 34sqm - around 14k monthly
one bedroom around 42-63sqm- around 18-25k monthly
two bedroom 74-112 sqm- around 30-45k monthly
three bedroom 130sqm- around 45-60k monthly



from the site of one of their sales agents I believe

Wala pa talaga anything online. Usually a broker will post it on sulit.com pero ni picture no pricelist , wala!

^^cant find anything either dito sa project na to. tuloy kaya? baka mapostpone nanaman? hehe IPO nila baka di pa nga matuloy this year eh. hmmm, kakahinayang naman, lalo na yung Lopez tower.

Saan exactly sa C5 to?

^^ Not just parang. We really do have one before, I remember it, really. Maybe Sinjin can tell us what happened to it because he transferred some of the u/c threads (I did transfer some threads too, so pwedeng ako din ang may kasalanan :D ) into their proper subforums after the restructuring. O hindi kaya nagkaroon ng problema kasi medyo nagkasabay yata kaming maglipat ng mga threads?

yeah, bakit biglang nawala yun? I know ikaw author ng thread na yun aaron :D

^^ Baka may sumasabotahe sakin! :D

cant find anything either dito sa project na to. tuloy kaya? baka mapostpone nanaman? hehe IPO nila baka di pa nga matuloy this year eh. hmmm, kakahinayang naman, lalo na yung Lopez tower.

Saan exactly sa C5 to?

Eto, ni-labelan ko ang mga developments dito. Yung Aqua Verde confirmed na yun, di ko lang naalis yung question mark.
http://i20.photobucket.com/albums/b210/ofngol/2008/Libis-Pasig.jpg

Is that tiendasitas just above the grove site?

the last time na makita ko ito eh clear na yung site

Tiendesitas is part of the complex named Frontera Verde, that is west of The Grove.

^^ Thanks. I'm interested to see this project, hopefully there will be more details soon :)

^^Thanks for the map aaron. naalala ko na now, yun yung malawak na lupain sa harap ng tiendesitas. nakikita sha pag nagddrive ka sa flyover dun sa may c5. :)

Rockwell updates:

http://www.e-rockwell.com/v2/index.php

thanks for the link, yoko! here's the render from their site, http://www.e-rockwell.com/v2/index.php?id=70 with the accompanying text

http://www.e-rockwell.com/v2/images/523main%20site%20pic.png

The Grove by Rockwell

The Grove by Rockwell is a sprawling development, highlighting the majesty of greenery in the middle of the metropolis. It offers city dwellers a sanctuary to live and play in a virtual oasis where lush gardens and beautiful landscapes prevail. The Grove by Rockwell brings nature into the lives of the residents by making gardens natural extensions of every home. Its yet unmatched 80:20 landscape to building ratio allows the develpment to embrace nature, without sacrificing the comforts of a modern, urban life.

Rockwell will be the first to plant the seed of development along C5’s 37-Ha corridor of properties that will undoubtedly rise to form a stunning skyline across the city. To deliver a warm-modern touch to sophisticatedly designed towers and lavishly functional open spaces are Dallas-based Architect Don Wilder and world-class Landscape Architect Karl Princic – the legend behind the majestic landscapes of Amanusa, Bali. Come home and enjoy weekend picnics and barbecue roasts among secluded pocket gardens. Take a nice, relaxing dip amidst abundant water features or jog around a trail-path that makes you feel you’ve just broken away from the city!

From cozy flats to awe-inspiring bi-levels, The Grove by Rockwell will feature affordable units with ingenious use of space . Make this your chance to own the much-desired Z-Loft of Number One Rockwell that tickled all aspirations. This exclusive residential development also features marvelous Garden Units that fully take advantage of The Grove by Rockwell's exquisite landscape. All residential spaces are designed to deliver utmost luxury and comfort in living in true Rockwell style.

Since it was established, Rockwell has unfailingly delivered unparalleled luxury in lifestyle and innovation. As we build our story and go beyond Rockwell Center, our brand promises to continue delivering quality to those who deserve the finest things in life.

You're welcome Xandro. I have a powerpoint slide that the salesrep sent to us, if anyone's interested, I can send it.

It's ok, not the usual Rockwell buildings I'd expect but this is good since this is another riverfront development

http://www.e-rockwell.com/v2/images/523main%20site%20pic.png

It's ok, not the usual Rockwell buildings I'd expect but this is good since this is another riverfront development

It's good but I really thought Rockwell Land will use the "Rockwell formula" to develop The Grove i.e. different buildings with different designs. They were very successful with it so I thought they'd replicate it here. :?

^^ My thoughts also. It's a nice design but would have been a lot better if each building was different.

^^ But it's mid-range, so they'll most likely try to save on the design.

looks good.
>>at kung matutuloy yung 80:20 landscape to building ratio, para ka na ring on vacation without going out of the city... :)

I have a feeling this will look better when built, especially with all the trees surrounding it..now we need some floor plans :)

... and floor count for each building...
>>baka dun nila bawiin sa height yung ilalaan nilang space for the greenery... :)

not bad. and since its rockwell, i hope it would be topnotch. the tallest looks like it has 30 floors. this may not be the final design.

thanks for the renders TC.

not bad. and since its rockwell, i hope it would be topnotch. the tallest looks like it has 30 floors. this may not be the final design.

thanks for the renders TC.

No thank @yoko and xandro instead for sharing the link. :)

I have the powerpoint slides that show the floor layout/plans and some pricing schemes but I don't know how to upload here. So if someone is willing, I can PM the slide, then that person can post it here.

Is it me or lahat ng proyekto ng rockwell ay palagi sa tabi ng ilog? :nuts:

Along with Nuvo City, Aqua Verde Ortigas and of course Eastwood City... Libis will be rockin' 3 or 4 years from now...

Units are priced at more or less 95k per square meter.
Is that right?

I have the powerpoint slides that show the floor layout/plans and some pricing schemes but I don't know how to upload here. So if someone is willing, I can PM the slide, then that person can post it here.

May I request that you upload it at http://rapidshare.com/ and then post the link here so everyone will have access to the presentation? Thank you.

May I request that you upload it at http://rapidshare.com/ and then post the link here so everyone will have access to the presentation? Thank you.
Thanks Thomasian, I tried to upload but I couldn't make it work, sorry.

I have the powerpoint slides that show the floor layout/plans and some pricing schemes but I don't know how to upload here. So if someone is willing, I can PM the slide, then that person can post it here.

hi there, could you please pm me the slide show? thanks.

Thanks to @yoko for these:

http://www.e-rockwell.com/v2/images/523main%20site%20pic.png

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture6.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture7.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture8.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture9.jpg

(continuation...)


http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture24.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture25.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture26.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture27.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture28.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture29.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture30.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture31.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture32.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture33.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture35.jpg

hmmm looks like a robinsons land high density project

nice.
i wonder about the projects on the lots on each side of the grove

hmmm looks like a robinsons land high density project

So was that supposed to be a complement? :D

are they planning to buy(or has already bought) the two lands beside it?

So was that supposed to be a complement? :D
do you mean... compliment? :)

Nice, looks like plenty of amenities.

do you mean... compliment? :)

Ooops! Sorry. :colgate: Yes, what I mean was "compliment". :D Thanks for pointing that out.

Wow! This one has 2 tennis courts :okay:

Units are priced at more or less 95k per square meter.Is that right?

Wow.... expensive.

So was that supposed to be a complement? :D

Ang masasabi ko lang ay batobato sa langit.

Expensive siya so they better have something different to it.

that's what i thought too. kinda expensive for the location. to think, its a compound of six buildings all sharing one set of amenities. yet pegged at 95K/sqm. kinda steep. well, it has rockwell brand name as a selling point.

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture9.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture8.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture25.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture24.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/1_399363831l.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Flyer1.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Flyer2.jpg

When will be the groundbreaking?
Any date for turnover for Towers 1 and 2?
How about the other towers?
Contact person?

is the 95k per square inclusive of VAT or exclusive? given the rising cost of construction, if it is inclusive of VAT, this is reasonable.... just ask for extra discounts.. but if exclusive... kinda on the high side..too think it will take about 5 years to build.

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture8.jpg

Hmm interesting, what are the structures around the Grove area, will it be also developed by Rockwell land?

Hmm interesting, what are the structures around the Grove area, will it be also developed by Rockwell land?

I'm not sure but it really does seem like they've also bought the Puyat and PIMECO properties to the left and right of The Grove (former GMC). It'll be one HUGE development if that were the case and very Serendra-like.

I'm not sure but it really does seem like they've also bought the Puyat and PIMECO properties to the left and right of The Grove (former GMC). It'll be one HUGE development if that were the case and very Serendra-like.

I doubt about PIMECO. Alam ko hawak pa yan ng PCGG. May bahid ng Marcos issue yang lot, tagal tagal na. But I may not be updated......

Looks like the arrival court is different here, the water feature is replaced with palm trees

http://i535.photobucket.com/albums/ee357/handsomerob888/002.jpg?t=1218891069

http://i535.photobucket.com/albums/ee357/handsomerob888/005.jpg?t=1218891449



Here are bigger (but blurred) images:

http://i535.photobucket.com/albums/ee357/handsomerob888/009.jpg?t=1218891509

http://i535.photobucket.com/albums/ee357/handsomerob888/010.jpg?t=1218891580

http://i535.photobucket.com/albums/ee357/handsomerob888/012.jpg?t=1218891620

http://i535.photobucket.com/albums/ee357/handsomerob888/015.jpg?t=1218891690



There's also a pool beside the tennis courts.
I like this project.

http://i535.photobucket.com/albums/ee357/handsomerob888/003.jpg?t=1218891930

I'm not sure but it really does seem like they've also bought the Puyat and PIMECO properties to the left and right of The Grove (former GMC). It'll be one HUGE development if that were the case and very Serendra-like.

Surely they must own all of that land if they have included it in their site plans?

Are there any floor/unit plans yet ?

Floor plans:

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/1_399363831l.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture37.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture38.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture39.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture40.jpg

Unit plans:

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture41.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture42.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture43.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture44.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture45.jpg

^^ Thanks TC .

I tried to compare TheGrove and NuvoCity.

My considerations, aside from the price (not available at the moment), were.... proximity to CBDs of Ortigas,Makati and BGC, track record of the developer, ratio of area alloted to greenery/landscape to total land area, ammenities plus the overall masterplan.

With the proposed development of the 2 huge lots on the sides, I find TheGrove by ROCKWELL better.

I tried to compare TheGrove and NuvoCity.

My considerations, aside from the price (not available at the moment), were.... proximity to CBDs of Ortigas,Makati and BGC, track record of the developer, ratio of area alloted to greenery/landscape to total land area, ammenities plus the overall masterplan.

With the proposed development of the 2 huge lots on the sides, I find TheGrove by ROCKWELL better.

If I were you I'd confirm with Rockwell people first since there is no confirmation yet that those 2 lots (labeled Puyat and PIMECO) are indeed Rockwell properties.

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture8.jpg

laki ng cuts ha. may prices na ba?

Unit plans:

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture41.jpg

Floor plan of this 1 BDRM unit is great. Space is huge.:)
Downside is that i have to wait at least 4 to 5 years to be livable :(

If I were you I'd confirm with Rockwell people first since there is no confirmation yet that those 2 lots (labeled Puyat and PIMECO) are indeed Rockwell properties.

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture8.jpg

@ TC, I was told last week that indeed the Puyat and PIMECO plots are NOT Rockwell owned at the moment. There are discussions going on with the Puyats' but am not clear about the PIMECO. If Rockwell manages to acquire the Puyat's block, then the total area will be about the same as Rockwell Makati.

Misleading naman yung sketch na yan. Hindi pa nila naacquire yung lot ng PIMECO and Puyat kasama na sa marketing materials. Parang Noah's Ark lang yan. They've been mentioning it as Rockwell Makati"s extension. Magbuibuild pa daw ng bridge and so on and so forth. Only to find out later that Century bought Noah's Ark property across Rockwell.

That's sad.. but I hope they could get both lots.

TheGrove is going to be greener than Serendra since 80% of its gross land area will be devoted to greenery, open space, and landscape as compared to Serendra's 65%.




http://i535.photobucket.com/albums/ee357/handsomerob888/001.jpg?t=1219439154

http://i535.photobucket.com/albums/ee357/handsomerob888/003-1.jpg?t=1219439564

kumusta naman kaya pricing ng dues? di ba sabi yung serendra mahal ang monthly? baka dito rin, for the upkeep of the whole thingy?

^^ Nice, I have a lot of faith in Rockwell Land.

any price info?

starts at 80k bare

starts at 80k bare
80k per sqm?

may plans ba of having a mall there like power plant? no offense but i like going to that kind of mall specially if movie lang. not much people and easy to park.

^^ Yeah I agree, Powerplant is a nice and relaxing mall, not crowded or noisy. Greenbelt 3 is my favourite place for movies though.

Prices for units are 80-90K per sqm and they come finished. no furnitures or appliances. but not bare.

for those who are interested in getting more info on The Grove, just PM me. I can send you a copy of their latest brochure and other updates!

hey guys! i just found out that the model unit for The Grove will be ready for viewing by next week! Sept. 17. For those who are interested in checking it out, PM me with your email and mobile number so i can send you the details!

hey guys! i just found out that the model unit for The Grove will be ready for viewing by next week! Sept. 17. For those who are interested in checking it out, PM me with your email and mobile number so i can send you the details!

^^Sa Rockwell Powerplant to diba?

Yep. It's currently under construction.

^^Sa Rockwell Powerplant to diba?

model unit of TheGrove is very nice.
really nice :okay:

here's the link http://www.e-rockwell.com/index.php?id=70

just bumping to this thread. what can you guys say about its location? units will be priced at around P85k/sqm. Not bad imo. i hope this will not end up like a low cost mass housing project. but with the 75% of the land area dedicated for greenery, parks and gardens, i doubt this will turn out a downgraded version of rockwell in makati.

actually it's quite cheap na for a rockwell development noh? i'm pretty sure na by the the time na matapos tong project na 'to aabot na yata sa 100k/sq m yan hehe

Is this the site? :)

http://i63.photobucket.com/albums/h141/oboi_1/rockwellgrove.jpg

November 7, 2008

Models Units
From: The Grove By Rockwell eBrochure (http://www.e-rockwell.com/downloads/grove.swf)

http://i494.photobucket.com/albums/rr304/mrayel75/TheGrove3.jpg

http://i494.photobucket.com/albums/rr304/mrayel75/TheGrove2.jpg

More Images!
From: The Grove By Rockwell eBrochure (http://www.e-rockwell.com/downloads/grove.swf)

http://i494.photobucket.com/albums/rr304/mrayel75/TheGrove4.jpg

http://i494.photobucket.com/albums/rr304/mrayel75/TheGrove1.jpg

^^nice. at a lower price for a rockwell development? works for me...

wow..the 4 bedroom garden unit is really nice :D

ang ganda nga!!! damn, i wish ive got millions right now :D

Pwede yan. Sabi ni mang tomas either become a politician or work your butt out as an OFW.:lol:

^^ Yeah I agree, Powerplant is a nice and relaxing mall, not crowded or noisy.

Ditto

Sobrang lapit kasi sa amin (a five-minute walk from Bel-Air Village to Rockwell is indeed good daily exercise :D)

i agree, the garden unit is really nice with the addition of the plunge pool and the unit being bi level. i wish i had 14M right NOW.

their studios are the fastest to sell even at 2.9M, so i've heard, but last time i checked most of the units available are the big ones.

does anyone know when is the turnover of this project? (as i didn't have the chance to ask an agent since they were off last jan 1. and a guard just handed me a brochure complete with availability chart on a neat thick envelope)

thanks

cool! i'd be surprised if the package includes an AV presentation of the project.

i wish there was, but i only got this:

http://www.fileden.com/files/2008/6/24/1973971/IMG_2474_thumb.jpg

brochure palang, it really defines class imo.

so when exactly is the turnover for this?

uEIArIybKdo

turn over for the grove is 4th qtr of 2012

any updates on this project?

there are garden units available for sale now! 2BR flats, 108sqm at about php 10.7M. send me your email if you'd like more details.

http://img10.imageshack.us/img10/9080/groveopenhouse.jpg

any updated pics of this development?

It is quite...expensive for a location besides a creek/river whatever...

The model units are quite awesome though, you may get a good return for your buck;

but in times of crisis, the location should always be your prime consideration. They should remove the surrounding imperfections to the area (i.e. informal/illegal settlers, factories and such---same as the one in Makati) .

any updated pics of this development? did it survive the flooding OK?

Rockwell ups the ante on green, open spaces (http://www.businessmirror.com.ph/component/content/article/47-properties/16399-rockwell-ups-the-ante-on-green-open-spaces.html)
Business Mirror (http://www.businessmirror.com.ph/component/content/article/47-properties/16399-rockwell-ups-the-ante-on-green-open-spaces.html)
Written by Rizal Raoul Reyes / Correspondent
Wednesday, 23 September 2009 19:26

ROCKWELL Land will be relying on the domestic market to maintain its lofty position in the Philippine property market as it projects a 30-percent growth for the third quarter of 2009 as compared with the same period of last year.

In a recent interview with the BusinessMirror, Rockwell Land vice president for sales and marketing Valerie Lopez Soliven said the local market has proven to be a consistent growth driver for two continuous years for its projects.

“We project a 30-percent growth for the third quarter as against the same period last year. The local market has been driving our sales since 2007 and we believe it will continue on till the rest of the year,” said Soliven in an interview at the Rockwell complex.

“We’ve been exceeding our targets and the company thinks the third quarter of 2009 will have a stronger growth than the first half of the current year,” said Soliven.

She said Rockwell Land has been performing above expectation despite the global economic downturn, which affected many sectors of the Philippine economy. Soliven said one reason behind the steady growth of Rockwell Land is their buyers are not mainly the speculative type.

Soliven said the speculative buyers were heavily affected by the global financial crisis because the financial markets, primarily in the United States, collapsed and needed a bailout from Washington to be able to bounce back into the market.

“We’re very optimistic that our projects will be warmly accepted by the market,” said Soliven.

The former thermal power plant of the Manila Electric Co. was converted into a high-end commercial community by the Lopez group in 1995. The group started the redevelopment of Rockwell by simultaneously developing five high-rise luxury residential apartments.

Soliven said Rockwell Land has developed a strong branding in its One Rockwell project which the company expects to happen in the Grove project. All One Rockwell units were sold out two years ago.

Soliven said Rockwell Land is also enthusiastic on the buyers’ turnout on the Grove. The young working couples and professionals, according to Soliven, will be the target market of Rockwell Land for the Grove.

Soliven said the Grove is going to introduce green development in the center of the metropolis. “We will be implementing a 75:25 landscape-to-building ratio to give true meaning to green living,” she said.

The Grove is a big leap toward green living. In Rockwell, the landscape-to-building ratio now is 60:40. This means 60 percent was allotted to building space, while only 40 percent was allotted to open space. The reverse will be adopted in The Grove.

Soliven said the Grove will be a very good option for buyers looking for high-quality living but are having difficulty coping with the higher prices in Makati. “The Grove offers a lower price point of 25 percent than Makati,” she said.

Preselling of units in the Grove, according to Soliven, has been remarkable since it was introduced into the market in October last year. Rockwell Land is selling an average of 20 units per month for Towers 1 and 2. Units in the Grove will be priced at P85,000 per square meter.

She said Rockwell Land is confident the Grove is going to be a hit among young professionals because the company has already established an excellent brand in its niche market.

According to information at the company’s web site, Rockwell Land will be doing a pioneering act with the construction of the Grove because this will be the first major development along C-5’s 29-hectare corridor of properties “that will undoubtedly rise to form a stunning skyline across the city.”

does this mean the place was not affected by the flood? anybody knows?

Got this message from Rockwell land through a broker. I must say that I can vouch for this since we stay in a subdivision perpendicular to "Grove" site and we did not experience nor hear any news of flooding in the area.

We are seriously considering making an investment here. Word is that the Ayala's and the Lopezes are both bidding for the huge parcel of land beside The Grove (C5 corner Ortigas).

Will try to post some pictures when I get the chance. The low density retail establishment is almost complete.

-------------

When the Grove was initially planned, Rockwell studied a 100-year flood history of the location in order to properly gauge the property’s elevation. The flood level of Typhoon Ondoy reached 5.16 meters at its highest point, but since The Grove will be elevated to 7.41 meters, the elevation would have kept The Grove by 2.25 meters above the water (roughly the height of a doorway). Meanwhile, over the past 100 years, the highest level of flooding in the area is recorded at 7.6 meters above the water level of the Markina River. Should the worst case of flooding over the century recur, the water will only rise to a mere 8 inches above The Grove’s ground level.



In terms of proximity to the river, the closest point The Grove is still 22 meters away; and given that Towers A & B do not have underground parking (only podium parking), there is no chance of water entering inside the parking area. The basement parking of The Grove begins with Towers C & D which is 100 meters away from the river bed. This distance naturally creates a sandbag to secure our basement level against flooding. Furthermore, pipes that function to pump out rain water will be located along the streets and not within the basement parking. In the event that a pipe bursts, water will not affect the parking area.



Lastly, Rockwell Land has had experience in building water-front properties, with Rockwell Center being built within close proximity to the Pasig River. The same form of planning and engineering will be applied to The Grove by Rockwell. Upon the development of Rockwell Center, Rockwell has improved the street conditions of JP Rizal and Kalayaan Avenue to decrease the occurrence of flooding among its boundaries. Furthermore, a road that will run parallel to the Marikina River, similar to JP Rizal, is being planned; this will also provide additional deterrence that will keep floodwaters from penetrating into the development. With Rockwell’s experience in being a water-front property developer, clients are can be assured that every precaution has been taken to ensure that The Grove by Rockwell will be protected against heavy flooding.

Got this message from Rockwell land through a broker. I must say that I can vouch for this since we stay in a subdivision perpendicular to "Grove" site and we did not experience nor hear any news of flooding in the area.

We are seriously considering making an investment here. Word is that the Ayala's and the Lopezes are both bidding for the huge parcel of land beside The Grove (C5 corner Ortigas).

Will try to post some pictures when I get the chance. The low density retail establishment is almost complete.

-------------

When the Grove was initially planned, Rockwell studied a 100-year flood history of the location in order to properly gauge the property’s elevation. The flood level of Typhoon Ondoy reached 5.16 meters at its highest point, but since The Grove will be elevated to 7.41 meters, the elevation would have kept The Grove by 2.25 meters above the water (roughly the height of a doorway). Meanwhile, over the past 100 years, the highest level of flooding in the area is recorded at 7.6 meters above the water level of the Markina River. Should the worst case of flooding over the century recur, the water will only rise to a mere 8 inches above The Grove’s ground level.



In terms of proximity to the river, the closest point The Grove is still 22 meters away; and given that Towers A & B do not have underground parking (only podium parking), there is no chance of water entering inside the parking area. The basement parking of The Grove begins with Towers C & D which is 100 meters away from the river bed. This distance naturally creates a sandbag to secure our basement level against flooding. Furthermore, pipes that function to pump out rain water will be located along the streets and not within the basement parking. In the event that a pipe bursts, water will not affect the parking area.



Lastly, Rockwell Land has had experience in building water-front properties, with Rockwell Center being built within close proximity to the Pasig River. The same form of planning and engineering will be applied to The Grove by Rockwell. Upon the development of Rockwell Center, Rockwell has improved the street conditions of JP Rizal and Kalayaan Avenue to decrease the occurrence of flooding among its boundaries. Furthermore, a road that will run parallel to the Marikina River, similar to JP Rizal, is being planned; this will also provide additional deterrence that will keep floodwaters from penetrating into the development. With Rockwell’s experience in being a water-front property developer, clients are can be assured that every precaution has been taken to ensure that The Grove by Rockwell will be protected against heavy flooding.

this is what we've been waiting for... woot! either way, we could expect great development from the two developers.

This is a great project!

I am really warming up to buy a unit in the area. We passed by the grove area and my wife and I noticed that the stretch of C5 from Ortigas avenue all the way to Caltex are all vacant or underdeveloped lots.

Very interesting...

will be watching this space...

grabe ang ganda ng the grove kahit gingawa pa lang nila yun showroom ata........ nakita ko kanina when i was in FX papunta makati. like rockwell talaga.......

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/1/DSC-0502.jpg?et=mADCWZjpAF%2BgUd6QxFhODg&nmid=295618845


http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/2/DSC-0503.jpg?et=d18%2B8iWoHpwUbM%2CnXqkdOQ&nmid=295618845


http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/3/DSC-0504.jpg?et=q3SIAyPPBkpc45ALh7%2BTMw&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/4/DSC-0505.jpg?et=i66D0DwFOX111VfoDuwnoA&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/5/DSC-0506.jpg?et=4Z5kP%2CvLTHpwc8DpVXycxg&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/6/DSC-0507.jpg?et=zCkdjCrhPf%2BUiKPjsl9xpw&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/7/DSC-0541.jpg?et=xL1JzEKHRDQnfrbP8SQxfQ&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/8/DSC-0542.jpg?et=V75SPbvSatyuQsFuRwgIdg&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/9/DSC-0544.jpg?et=iWPnVKk56kUVndaAfMQElA&nmid=295618845

http://images.multiplynimarco.multiply.com/image/1/photos/42/500x500/10/DSC-0546.jpg?et=YowdXzult7jSl%2CFoISDHhA&nmid=295618845

Sold. We just bought a unit at the Grove. This seem to be a very good investment + they have an interesting promo now. I just hope that we are right.

what promo?

really nice but expesive. todo trabaho para makaipon kung dito investment mo

People who buy here don't have to work harder - they already have the money in the first place. If you want a condo, as your name suggests but cant afford one or don't really need one then you are a typical filipino na gusto lang magmayabang. Don't fall for the trap.

I wonder what this promo is all about..?

^^ this project is a very good investment. i do not sell here, but i recommend you guys to buy here. this stretch of c-5 will populate with residential buildings. ali will be next in line.

and as Ortigas & Company, Limited Partnership (OCLP) sells/leases out the vacant lots in the tiendesitas area to BPO companies. this area will revitalize. very good investment indeed.

Rockwell's flood-free approach (http://www.philstar.com/Article.aspx?articleId=522883&publicationSubCategoryId=76)
By Jonas Maniquis (The Philippine Star) Updated November 13, 2009 12:00 AM

http://img137.imageshack.us/img137/3867/re1hires.jpg

MANILA, Philippines - Ever wondered why some structures located near bodies of water like the Pasig and Marikina Rivers were inundated by the recent typhoon Ondoy while others were not?

The natural topography of the land on which these structures are situated plays a big role. Of course the higher the site the lesser chance that it would be flooded. But what about those developments in low-lying areas or riverside developments that normally do not get flooded but found themselves victimized recently?

Katipunan Avenue was knee deep in water but the Ateneo de Manila University was largely spared. Master planning of the university prevented flooding in the area. They spread the buildings apart allowing rainwater to freely run off.

The architectural design landscape has a new thing to consider these days. Not only should a development be structurally and aesthetically sound, designers should now take into consideration natural calamities as part of the planning process.

In the light of the recent tragedy that hit the metro, designers and developers alike now have to think of ways of incorporating flood control measures into their projects.

Estimates of Department of Public Works and Highways of the 50-100-year cycle flood study in the country would place the mean sea level higher at 7.4 meters from the previous 5.2 meters in some areas in Metro Manila. Designers and planners should take into consideration this projected rise in mean sea level to prevent such disasters from happening again if the development is to be built in the areas affected.

One such developer is Rockwell Land Corporation (RLC). According to company president Nestor Padilla, considering the worse-case scenario has always been a part of their planning process.

Rockwell’s newest development, the 5.5-hectare Grove, is located along C-5 near Ortigas Avenue beside the Marikina River. The project’s natural elevation is 4.46 meters above mean sea level at the back and 5.16 meters at the front, but the developers have planned for the streets to have an elevation of 7.4 meters.

The company’s highly successful development in Makati, Rockwell, which is located near Pasig River has an average elevation of seven meters above sea level, with its lowest point in Estrella corner J.P. Rizal Street. “We plan to eventually improve that. The important thing is that there is an alternative access to the property,” Padilla said.

These riverside developments take into consideration mean sea levels and the effects of flooding, even if it means spending more to raise the development higher than the estimated rise in mean sea level and installing additional exit points for rainwater run-off.

In short, residents of Rockwell developments do not have to worry about flooding, whether now or in the future.

The Grove by Rockwell

Designed by US Architect Don Wilder (Cabo del Sol in Mexico, Pakubowono Residences in Indonesia, Westin Stonebriar in the US) and Jun Rodriguez of Pimentel Rodriguez Simbulan & Partners (Citibank Tower, PLDT Tower), The Grove by Rockwell is a fusion of contemporary architecture and landscape design demonstrating a contrast between urban and lush atmosphere.

The Grove will have six residential towers, two of which are now under construction and will consist of 24-storeys each with 500 or more units.

The project is designed to have an element of mystery to it. The high entrance gate opens to a whole new level of experience, just like entering a tropical paradise. Coming home to The Grove will always feel like going away for the weekends. It begins with an arrival court, cool with the sound of the foundation and the shade of palm trees, just like in a tropical resort. At the heart of The Grove lies a central waterfall, between two towers nearest the river. The water meanders deeper through the property, flowing into multi-level pools under shaded trees. The river continues, trickling into koi ponds surrounding the retail area.

More than visually enhancing its surroundings, the landscape functions as pockets of relaxation, peace, and quiet, and entertainment for residents and their guests.

The units

The residential towers are comprised of flats, lofts, Z-lofts, penthouses, and beautiful garden units. Designed by Jun Rodriguez, Z-loft units gives one the privilege of enjoying opposing views of the city. Meanwhile, the special garden units take full advantage of the development’s distinctive landscape. Located at the ground floor, the expansive garden units extends to ones private backyard, where they may appreciate the beautiful, scenic sunset as one lounges by the patio or takes a dip in their very own plunge pool.

All residential spaces are designed for the exclusivity and comfort that people have come to expect from Rockwell.

People who buy here don't have to work harder - they already have the money in the first place. If you want a condo, as your name suggests but cant afford one or don't really need one then you are a typical filipino na gusto lang magmayabang. Don't fall for the trap.



hu says gus2 ko magmayabang? :ohno: :ohno: :ohno:

http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/16/DSC-0512.jpg?et=mjIi%2Bfv3ijOQQ1HlzbalZA&nmid=300130745



http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/21/DSC-0517.jpg?et=HS1Z0bNXCQm7neJypAzMRw&nmid=300130745



http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/23/DSC-0519.jpg?et=ZJBrfI6JUwHUDOiPaKIxLw&nmid=300130745



http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/26/DSC-0522.jpg?et=hHtcD8tSBoZd4ByoW2V4hA&nmid=300130745



http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/28/DSC-0524.jpg?et=Mf0aJzZGtugjHLGo2b85iA&nmid=300130745



http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/35/DSC-0531.jpg?et=X%2BzX8bdTqGaVVGlvNW4ztA&nmid=300130745



http://images.multiplynimarco.multiply.com/image/1/photos/43/500x500/51/DSC-0547.jpg?et=PDy3VA3EvQevt541LV%2B4SQ&nmid=300130745

^^ very nice. looks like a resort. :applause:

Hi guys. Any idea on when will they start selling for the other Towers for The Grove? Thanks!

Rockwell bullish on niche pocket communities strategy (http://www.businessmirror.com.ph/home/companies/19361-rockwell-bullish-on-niche-pocket-communities-strategy.html)
Business Mirror (http://www.businessmirror.com.ph/home/companies/19361-rockwell-bullish-on-niche-pocket-communities-strategy.html)
Written by Miguel R. Camus / Reporter
Sunday, 06 December 2009 21:03

ROCKWELL Land Corp., the high-end real-estate developer of the Lopez Group, remains bullish on its strategy of building niche “pocket communities” in Metro Manila, revealing that it wants to acquire additional properties to support growth in the coming years, a top official has said.

Part of this optimism stems from the strong buyer interest for the initial phase of its 5.5-hectare residential project The Grove by Rockwell, where president Tong Padilla said sales revenues are estimated to hit P14 billion over its seven year development plan.

“I think despite the uncertainties during the first half of the year, [sales] turned out okay. The first two towers are now 50-percent sold and we expect them to be fully sold out middle of next year” said Padilla in an interview with the BusinessMirror on Saturday.

He added that construction for succeeding towers will commence after that.

Towers one and two, at 24 floors each, will offer a combined 591 units.

The entire project, estimated to cost between P10 billion and P12 billion, will have a total of six residential towers offering 2,000 units as well as a retail component and a wellness center.

Turnover of units for Towers 1 and 2 is expected by 2012. Units range from studios costing about P3 million to larger three-bedroom units for up to P12 million. The towers also offer loft-type units.

The Grove by Rockwell is the company’s first development outside its flagship Rockwell Center in Makati City, a 15.5-hectare site which is now a “self-contained” mixed-use community.

As such, Padilla said the company is preparing a multibillion-peso budget next year to expand its land bank in line with its core strategy, but he declined to give additional details.

“We really want to concentrate on what we do best which is self-contained inner city developments,” said Padilla.

To pay for Rockwell Land’s future budget requirements, Padilla said the firm remains open to raising funds via an initial public offering (IPO).

The firm had planned on proceeding with this in 2008, but volatile conditions in the equity markets forced the developer, along with several other companies, to defer the move.

Padilla said the company will need to raise about P3 billion should it proceed with an IPO, though he declined to give a specific time frame as this will depend on market conditions.

“The credit market is also very attractive so we can proceed with our plans even without an IPO,” added the company executive.

The company recently launched residential condominium Edades Tower and Garden Villas in Rockwell Center, Makati City, which will stand at over 50 storys. Other residential projects located in the Rockwell Center area are Armorsolo Square, Rizal Tower, Luna Gardens and Hidalgo Place.

Ganda talaga magdevelop ng Rockwell, hindi tinitipid ang design and construction

^^ yup, i really like how rockwell handles their development, though they're a bit pricey, but I guess it's worthy..

Rockwell looks at REITs for future projects (http://www.businessmirror.com.ph/home/companies/20979-rockwell-looks-at-reits-for-future-projects.html)
Business Mirror (http://www.businessmirror.com.ph/home/companies/20979-rockwell-looks-at-reits-for-future-projects.html)
Written by Miguel R. Camus / Reporter
Sunday, 17 January 2010 19:20

ROCKWELL Land Corp., the high-end property developer of the Lopez Group, is joining other real estate firms in exploring the Real Estate Investment Trust (REIT) Act as an alternative source of funding.

The REIT Act, which will provide a regulatory and tax incentive framework for developers to raise cash by publicly listing their income generating assets, lapsed into law on December 17.

In an interview last week, First Philippine Holdings Corp. (FPHC) president Elpidio Ibañez said Rockwell Land is studying the transfer of some of its assets into REITs to raise funds instead of tapping the debt and equity markets.

“We are studying the REIT Law,” said Ibañez. “We can raise funding by putting the mall [or income producing] properties to get investors…and use that funding for new developments.”

FPHC now owns 49 percent of Rockwell Land after recently acquiring the 24.5-percent stake owned by Benpres Holdings Corp., another listed Lopez firm, for P1.5 billion. The balance is held by power distributor Manila Electric Co.

Ibañez said some of the assets that can be listed for REITs are Rockwell Land’s Power Plant mall and office buildings within the 15.5 hectare Rockwell Center in Makati City.

Some of the big-name developers that have expressed interest in the REIT Law are the SM Group, Ayala Land Inc. and Robinsons Land Corp.

Shares of REITs are to be listed on and traded at the Philippine Stock Exchange. Individual investors may invest in these firms, allowing companies to raise funds from the REITs. To encourage REITs, the law provides certain tax incentives.

To continue enjoying these incentives, the REIT must maintain its status as a listed company and annually give out at least 90 percent of its distributable income to shareholders.

Meanwhile, Ibañez said Rockwell Land also remains open to proceeding with its initial public offering, though this will depend on the debt market, which remains “cheap and available.”

He added that any fundraising moves will be used for future projects. This, as the firm’s current projects—namely The Grove on C-5 Road in Pasig City and Edades Tower in Makati City—can be funded from operations.

The company likewise remains bullish this year on the back of strong sales from The Grove. The 5.5-hectare project, estimated to cost between P10 billion and P12 billion, will have a total of six residential towers offering 2,000 units alongside a retail component.

In an earlier interview, Rockwell Land president Nestor Padilla said the first two towers are already 50-percent sold and will be fully taken up by the first half of this year.

Turnover of units for first two towers is expected by 2012. Units range from studio rooms costing about P3 million to larger three-bedroom units for up to P12 million.

Rockwell Land was started in 1995 to redevelop a former power plant site into a new living environment which is now the Rockwell Center. The area has since been turned into a mixed-use community, consisting of five high-rise residential towers, a sports and leisure club, office buildings, a lifestyle shopping center and a graduate school of law, business and government.

Now, handling Rockwell too.

http://img683.imageshack.us/img683/7155/apreyesgroverockwellren.jpg

Hereinbelow are available units at The Grove by Rockwell Land. Surprisingly, this project is very affordable. With a lot of no interest payment options. The prices are also indicated on those links. click, click...

Tower 1 now known as Tower A
Available Flats: http://img683.imageshack.us/img683/633/apreyesgroverockwellava.jpg
Available Lofts: http://img716.imageshack.us/img716/633/apreyesgroverockwellava.jpg

Tower 2 now known as Tower B
Available Flats: http://img191.imageshack.us/img191/633/apreyesgroverockwellava.jpg
Available Lofts: http://img718.imageshack.us/img718/633/apreyesgroverockwellava.jpg

I reckon that investing here at the Grove will be a very wise move. I'm tied up now paying for a condo at BGC but if I my financials will allow, I'll definitely get one here.

Hi Guys,

Hoping anyone could provide the pros and cons of buying a unit directly from the developer vs a broker?

Does the buyer get any discounts or perks if purchased through a broker ???

Thanks.

I know that a lot of ads have been released explaining the elevation of the site. I would like to ask how about the roads leading to the site? Were they flood-free? Also, do you think a condo investment in that area could be easily rented out? Would appreciate your thoughts...

I rather wait till at least towers 3 and 4 are done and wait for resellers
even the price would be at 500k more than the original cost.
That way i save myself from anxiety of whether the projects would turn out good or not.

^^ i must also agree with this plan, if the buyer can pay cash. This since most RFO units are paid in cash.

Also, that's the reason why, if we are giddy on pre-selling projects, we must vastly research on the developer's track record.

I know that a lot of ads have been released explaining the elevation of the site. I would like to ask how about the roads leading to the site? Were they flood-free? Also, do you think a condo investment in that area could be easily rented out? Would appreciate your thoughts...

^^ i am familiar with the area. as i know, when the extraoridinary ondoy happened, the area of sm hypermarket was the only place flooded for hours along that stretch of c-5. that area of c-5 is a catch basin, so normally it will pool water, more so when a deluge like ondoy happens. after just hours, the flood receded.

Hi Guys,

Hoping anyone could provide the pros and cons of buying a unit directly from the developer vs a broker?

Does the buyer get any discounts or perks if purchased through a broker ???

Thanks.

^^ when you buy into pre-selling projects in rockwell, you are actually going to buy through an in-house sales manager/executive, whether through a broker or an in-house agent.

for example, when i have a sale in rockwell, the sales, the documentation, the in-house after-sales shall also be handled by a sales manager that we are working with there... so it means, there will be two people taking care of your account.

so there is no difference between the two choices.

Hi Guys,

Hoping anyone could provide the pros and cons of buying a unit directly from the developer vs a broker?

Does the buyer get any discounts or perks if purchased through a broker ???

Thanks.

I agree with the comments of leechtat :)

On the other hand, discounts or perks would largely depend on the payment scheme that you will choose. If you prefer a bigger discount, you would have to initially pay a bigger amount as downpayment.

for the pros and cons of buying from a developer and a broker, the process is much the same. one way or the other you would have to pass through a broker or an in house sales agent. the better concern would be, would the broker or the agent be "responsible" in taking good care of you and your account? that's a more immediate concern :)

I agree with the comments of leechtat :)

On the other hand, discounts or perks would largely depend on the payment scheme that you will choose. If you prefer a bigger discount, you would have to initially pay a bigger amount as downpayment.

for the pros and cons of buying from a developer and a broker, the process is much the same. one way or the other you would have to pass through a broker or an in house sales agent. the better concern would be, would the broker or the agent be "responsible" in taking good care of you and your account? that's a more immediate concern :)

thank you leechtat and @tbp for the clarification.
what are your thoughts on investing in the GROVE compared to a BGC condo or land investment such as in NUVALI? rockwell has proven its name as exemplified by its makati properties. however, this is a new project starting from scratch and you can't really tell if it will have the same success as rockwell makati. what do you think investment wise ? should i look somewhere else?

Hi. Can anyone confirm that The Grove was not flooded during Ondoy? Rockwell insists its flood-free. But C5 infront of Tiendesitas was flooded and SM Hypermart too which are almost across this development.

Hi. Can anyone confirm that The Grove was not flooded during Ondoy? Rockwell insists its flood-free. But C5 infront of Tiendesitas was flooded and SM Hypermart too which are almost across this development.

It's a bit difficult to assess the "flood-ability" of an area based on Ondoy. Let's remember, Ondoy was the worst of its kind in our lifetime and will likely happen again in the next 20-40 years.

The Grove itself did not experience any flooding but the roads that lead to it did. But then again, floods don't normally happen in C5 - this is just an extraordinary event.

I will wait for towers 3 and 4, i like this project. :okay:

thank you leechtat and @tbp for the clarification.
what are your thoughts on investing in the GROVE compared to a BGC condo or land investment such as in NUVALI? rockwell has proven its name as exemplified by its makati properties. however, this is a new project starting from scratch and you can't really tell if it will have the same success as rockwell makati. what do you think investment wise ? should i look somewhere else?

again first you have to look at LOCATION. each location would have its edge over others. BGC is dubbed to be the next CBD and even better as they say. most of us and even those in abroad are eyeing on BGC. offices, schools, hospitals, residential condominiums...it's all converging there. On the other hand, the Grove would probably be styled after the "self-contained" community much like that of Rockwell. and for sure, Rockwell wouldn't just throw away their reputation as being one of the best in developing places right? same for Nuvali and other prime projects. The next thing that you have to look into is your plan for investing one...would it be for end use or just for investment? if it's for end use and you are for places with much garden and breathing space, i guess you could go for Nuvali or The Grove. If you want to be were the action is, where people are, where all essential destinations are just a walk or block away, then BGC might be a good choice. The same goes for investment. Investors are now into BGC because of its demand for rentals and the like. And lastly, your budget :)

Hi guys. Any idea on when will they start selling for the other Towers for The Grove? Thanks!

ka re receive ko lang ng e-mail sa broker ko. Buildings 3 and 4 sa May 2010 daw i start i offer.

Hi. Can anyone confirm that The Grove was not flooded during Ondoy? Rockwell insists its flood-free. But C5 infront of Tiendesitas was flooded and SM Hypermart too which are almost across this development.

I co copy paste ko sana iyong explanation ng Rockwell kung bakit hindi bumaha sa kanila (The Grove), kaso with all the pictures, hindi ma copy and paste e. Sorry, mahina ako sa computer e . . .

Let me try again - sorry humihingi ng url address e. hindi ko alam yon.

Hi guys, I'm a sales executive for Rockwell Land. And I'd just like to keep everyone updated about the Grove by Rockwell.

Towers A & B are now 70% sold. It is still much more adviseable to purchase in Towers A & B since there will be a definite price increase (which we've been trying to avoid for Towers A & B) in the next two towers.

As far as flooding is concerned to put a long story short, Ondoy rose up to 5 meters above sea level. The Grove roads will be 7.5 meters above sea level therefore clearing Ondoy by 2.5 meters - Basically a standard door's length. If you want to see the advertisment explaining it just get in touch with me.

If you have any inquiries or concerns feel free to ask. Thanks!

Can you please provide a price list for the units in Towers A and B? Thank you.

Tower C and D is now up for sale also. :cheers:

Tower C and D is now up for sale also. :cheers:

Am considering The Grove for personal use, but in 4yrs hence considering tower C or D. Which view-facing is advantageous in your opinion.

Need also your opinion, is this still a good buy judging from what happened here during Ondoy? It's not cheap so better to really think hard about it before putting down payment of P50k.

I checked the faultline and I can see the Grove location is not in it, so from that aspect, the location is good. I'm only worried about the river behind it and the low elevation of C5 in front of it. Even if they claim to have raised it to 7.4m above sea level, it's still a "what if" concern.

Also, for those who already bought earlier for Towers A or B, are the prices appreciating from the time you bought your unit/s? By how much?

Pls advise what you think or what you can share. Thanks.

got a unit here last sunday. chose tower C kasi facing the morning sun. hindi mainit.

tapos sa tower D daw ilalagay yung leasing office ng rockwell for all 6 buildings in the grove. so mas busy itong tower na ito. quieter sa tower C.


Am considering The Grove for personal use, but in 4yrs hence considering tower C or D. Which view-facing is advantageous in your opinion.

Need also your opinion, is this still a good buy judging from what happened here during Ondoy? It's not cheap so better to really think hard about it before putting down payment of P50k.

I checked the faultline and I can see the Grove location is not in it, so from that aspect, the location is good. I'm only worried about the river behind it and the low elevation of C5 in front of it. Even if they claim to have raised it to 7.4m above sea level, it's still a "what if" concern.

Also, for those who already bought earlier for Towers A or B, are the prices appreciating from the time you bought your unit/s? By how much?

Pls advise what you think or what you can share. Thanks.

got a unit here last sunday. chose tower C kasi facing the morning sun. hindi mainit.

tapos sa tower D daw ilalagay yung leasing office ng rockwell for all 6 buildings in the grove. so mas busy itong tower na ito. quieter sa tower C.

^^ how much na siya /sqm? :)

^^ how much na siya /sqm? :)

around 85k/sqm kasi low floor lang ako facing outwards.

the interesting about the pricing here is that the bigger units face inwards into the amenities. tapos the lower the floor, the more expensive.

cheapest floor is the 17th floor. mas mahal habang lumalapit/bumababa ka sa amenities.

tapos tataas ulit ang pricing from the 18th floor pataas. i guess doon na mas may premium ang view.

Am considering The Grove for personal use, but in 4yrs hence considering tower C or D. Which view-facing is advantageous in your opinion.

Need also your opinion, is this still a good buy judging from what happened here during Ondoy? It's not cheap so better to really think hard about it before putting down payment of P50k.

I checked the faultline and I can see the Grove location is not in it, so from that aspect, the location is good. I'm only worried about the river behind it and the low elevation of C5 in front of it. Even if they claim to have raised it to 7.4m above sea level, it's still a "what if" concern.

Also, for those who already bought earlier for Towers A or B, are the prices appreciating from the time you bought your unit/s? By how much?

Pls advise what you think or what you can share. Thanks.

have you received an answer to your questions? (am also thinking which area is okay as an investment...where is the parking area for towers c and d, are they both in the basement...if yes...hmmm something to consider again given the flood history.... i think for towers a and b, the parking is on the podium levels...grove sales folks, is this assumption correct?

have you received an answer to your questions? (am also thinking which area is okay as an investment...where is the parking area for towers c and d, are they both in the basement...if yes...hmmm something to consider again given the flood history.... i think for towers a and b, the parking is on the podium levels...grove sales folks, is this assumption correct?

So far, only got limited information as shown in this thread.

Would appreciate to get more feedback, opinions and personal experiences from those who have bought or have considered investing in The Grove. Pls share both good and bad points in your view.

Thanks.

have you received an answer to your questions? (am also thinking which area is okay as an investment...where is the parking area for towers c and d, are they both in the basement...if yes...hmmm something to consider again given the flood history.... i think for towers a and b, the parking is on the podium levels...grove sales folks, is this assumption correct?

basement parking for towers c & d (pati e & f). a & b lang ang podium parking ( i think because hindi advisable to dig a deep basement pa so close to the river)

ang alam ko, sloped yung entire development. mas mataas ang ground level sa towers a&b tapos pababa towards the retail area. para kung umulan, hindi stagnant sa property yung tubig. laging lumalabas papuntang c5. also may drainage around the perimeter of the property to draw water outwards, instead of into the basement levels.

It has been quiet for this thread lately. Anyone with updates, or comments or feedback about The Grove in Rockwell?

Still sitting on the fence, unsure whether to get one here or not.

Amenities appear attractive, but basement parking is still a concern for me. Even after raising the ground level, basement still is the lowest point for water to go to. Remembering Ondoy's devastating effects...

It has been quiet for this thread lately. Anyone with updates, or comments or feedback about The Grove in Rockwell?

Still sitting on the fence, unsure whether to get one here or not.

Amenities appear attractive, but basement parking is still a concern for me. Even after raising the ground level, basement still is the lowest point for water to go to. Remembering Ondoy's devastating effects...

it's best to drop by the grove community center so they can explain the engineering measures they will undertake to ensure that no flooding occurs.

i can't explain it in full but i certainly was convinced enough to buy a unit here. :)

it's best to drop by the grove community center so they can explain the engineering measures they will undertake to ensure that no flooding occurs.

i can't explain it in full but i certainly was convinced enough to buy a unit here. :)


Thanks. Made my reservation last month, but now that I have purchased another condo in Makati which is RFO already, I'm thinking of letting it go. Anyone interested to get my specially discounted rate, pls PM me.

July 2010

Got a 74sqm 3BR corner unit high floor before prices went up, it's facing Makati (best view in my opinion). Now I have to let it go for personal reasons. Anyone interested just PM me. So you get one of the best units at the old price.

http://a.imageshack.us/img10/9574/promotermsjuly2010studi.jpg

http://a.imageshack.us/img375/1552/promotermsjuly20101br43.jpg

Full Brochure: http://www.scribd.com/doc/35576671/The-Grove-by-Rockwell-Condo-for-Sale#fullscreen:on

Anyone interested?

Got a 74sqm 3BR corner unit high floor before prices went up, it's facing Makati (best view in my opinion). Now I have to let it go for personal reasons. Anyone interested just PM me. So you get one of the best units and view at the old price.

Any update?

Noah, please PM me your unit details. Thanks.

Any update?

Noah, please PM me your unit details. Thanks.

Sent you PM already. Thanks.

Anyone has update about the construction on-site?

Please let me know if anyone is interested to buy a 3BR corner unit at Tower A. Seller is motivated. Details may be viewed via http://www.thegrovecondo.net/

i'm interested, kindly email me @ byondlife@yahoo.com

Please let me know if anyone is interested to buy a 3BR corner unit at Tower A. Seller is motivated. Details may be viewed via http://www.thegrovecondo.net/

http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010901.jpg

nice
nice...

http://images02.olx.com.ph/ui/5/54/71/1272602714_76435371_1-Pictures-of--The-Grove-by-Rockwell-1272602714.jpg

Sa The Grove Rockwell

http://philippineproperties.files.wordpress.com/2009/01/community-center-7.jpg

http://www.hotfrog.ph/Uploads/Companies/The-Grove-by-Rockwell_120_image.JPG

along C-5 near C-5/Ortigas Avenue Intersection/Flyover right across Tiendesitas/Frontera Verde

^^ Hey guys,

If you do not know yet, we are planning to hold an SSC PH event here at The Grove.. :cheers:

Click below link to Vote VVVV

how's this development relative to the faultline?

Does anyone know what's the latest on this development?

Regarding faultline, it's not on it. Faultline goes through Meralco avenue and Renaissance.

Faultline passes thru Valle verde subdivision

http://www.e-rockwell.com/grove/constructions_images/10112501253013427.jpg

http://www.e-rockwell.com/grove/constructions_images/10112501422868810.jpg

sa baba parking ba yan??? the first 3 floors

sa baba parking ba yan??? the first 3 floors
we have podium parking for all grove towers, from ground to 4th floor

Does anyone know what's the latest on this development?

Regarding faultline, it's not on it. Faultline goes through Meralco avenue and Renaissance.
we are now selling towers c & d. as for towers a & b and the wellness center, construction is now on the 6th level.

Please let me know if you have questions about The Grove. I can also send layouts and computations. :hi:

ilang floors ba yung tower a and b, s and d, e and f..

taken jan 23 2011

https://lh5.googleusercontent.com/_440aGZY4m2Y/TTw4FnRGkUI/AAAAAAAACBA/c7KX2h5ZcBM/s720/photo.JPG

Towers a and b are rising fast!

i'm interested, kindly email me @ byondlife@yahoo.com

Pls pm me for details. Thanks!

Anyone visited the site recently? Any agent here with updates regarding the construction, or sales progress? Thanks.

For the latest updates, see http://www.e-rockwell.com/grove/construction.php

http://www.e-rockwell.com/grove/constructions_images/110203045134682764.jpg

http://www.e-rockwell.com/grove/constructions_images/110203045112566690.jpg

http://www.e-rockwell.com/grove/constructions_images/110203045052290104.jpg

Rebars / Embeds Installation for 6th Floor Slab at Tower A Block 2A
Embeds Installation for 7th Floor Slab at Tower A Block 1A
Formworks & Rebar Installation for 7th Floor Slab at Tower A Block 3
Concreted 5th Floor Slab at Tower A Block 1B
Scaffolds Preparation for 5th Floor Slab at Tower A Block 2B

Rebar /Embeds Preparation for 4th Floor slab at Tower B Block 8B
Concreted 7th Floor Slab at Tower B Block 10A
Formworks Installation for 6th Floor Slab at Tower B Block 8B

New promo payment scheme applicable to next 50 buyers. applicable to all unit types.

ex. 1 Bedroom 43 sqm with 1 parking slot approx. P4.6M

5% Downpayment , 20% 44 months to pay

P50,000 reservation
approx. P180,000 dp after 30 days
approx. P20,000 / month for 44 months

For more info: 09178132871 (Steven Tiong)

New promo payment scheme applicable to next 50 buyers. applicable to all unit types.

ex. 1 Bedroom 43 sqm with 1 parking slot approx. P4.6M

5% Downpayment , 20% 44 months to pay

P50,000 reservation
approx. P180,000 dp after 30 days
approx. P20,000 / month for 44 months

For more info: 09178132871 (Steven Tiong)


In your example, you showed only payment for 5%+20%. What about the remaining 75%? Pls clarify.

Also, do you have latest pricing update? Thanks.

--

--

---

http://a3.sphotos.ak.fbcdn.net/hphotos-ak-ash1/180826_10150102403906105_279771256104_6667302_7635259_n.jpg

The Grove to form a new skyline in Pasig
Posted on February 16, 2011 08:25:27 PM

ROCKWELL LAND Corp. has sold out 90% of units in its six-tower residential project The Grove in Pasig, as it aims to strengthen its position in a new market segment.
The 5.3-hectare venture will form a skyline by 2012, creating a new Rockwell community apart from its flagship development in Makati.

The Grove is aimed at emerging entrepreneurs and professionals, “those who are up and coming in their respective fields, wanting to move out of their parents’ homes or looking for a safe and secure place to start a family,” Vienn C. Tionglico, marketing manager of Rockwell Land, told BusinessWorld.

“These are also the first-time investors. Buyers of The Grove by Rockwell believe in placing their hard-earned money in a worthwhile venture, and what better way [of] doing this than investing in their first home,” she added.

The project has studio units (31-42 square meters or sq. m.), one-bedroom units (65-68 sq. m.), two-bedroom units (73-110 sq.

m.), and three-bedroom units (97-130 sq. m.). The price is P80,000-P90,000 per sq. m.

The Grove, which is close to the Makati and Ortigas business districts, will have “top-of-the-line” amenities such as a gym, multi-purpose courts, dance studios, a day care center, and game rooms. It will also have a pool deck, which opens up to 40-meter lounge and lap pools, Ms. Tionglico added.

A 100-year cycle flood study was used by engineers and architects to safeguard the project from torrential rains and flooding, she added.

source: http://www.bworldonline.com/content.php?title=The%20Grove%20to%20form%20a%20new%20skyline%20in%20Pasig&id=26442

http://www.flickr.com/photos/5499259346_c2e808f71c_b.jpg

taken: 3-4-11
:bash::bash:

there's so many constructions along riverbanks,i hope they'll reserve at least 10-20 meters of open spaces for trees and plants

https://lh4.googleusercontent.com/_440aGZY4m2Y/TXOmxmqmLxI/AAAAAAAACHg/uVmMTSkTk5c/s640/march%206%202011.jpeg
MArch 6 2011

Towers E & F will be offering affordable sizes. Studio units starting at 21 sqm, 1 BR 39 sqm and 58 sqm 2 br. Turnover 2015/2016. Limited number of units.

Sandoval bridge now needs to be widened to complement the burgeoning constructions around that area:bash::ohno:

Towers E & F will be offering affordable sizes. Studio units starting at 21 sqm, 1 BR 39 sqm and 58 sqm 2 br. Turnover 2015/2016. Limited number of units.

are you selling the last 2 towers already?

does that mean almost fully-sold na yung other 4 towers?

got a unit last june in tower c.

excited to see updates. :)

Towers E and F are not yet for sale. However, we have advance copies of the layout (no official prices yet) and we can LOIs already.

http://i246.photobucket.com/albums/gg108/vavaboom2k7/IMG_3105.jpg

high zoom. even Sorrento and One Oasis were captured... and I can see the location of our house somewhere at the back...

In light of the recent fears that Manila will be the next one hit by a major earthquake, particularly in the Marikina fault line, has Rockwell done any earth quake study similar to what it did for floods? Also, did Rockwell implement structural measures to address these risks? Hope someone from Rockwell in this forum can shed light on this. While the grove is not exactly on the fault line, it is close enough to be concerned about it. Thanks! :)

ilang floors ba ang 1st at 2nd tower? 3rd and 4th? 5th and 6th?

a-b 22 floors
c-d 35 floors
e-f 33 floors (not official)

a-b 22 floors
c-d 35 floors
e-f 33 floors (not official)

is rockwell still pursuing the adjacent lots on the sides of the grove?

or do you have any news kung sino na ang magdedevelop nun? kung meron man.

thanks. :)

is rockwell still pursuing the adjacent lots on the sides of the grove?

or do you have any news kung sino na ang magdedevelop nun? kung meron man.

thanks. :)


The lot beside The Grove, to the left if you're facing The Grove from C5, is 10 hectares and is owned by the same people that own this development:

http://www.skyscrapercity.com/showthread.php?t=1279125&page=4

They will develop it in the near future is my understanding.

---

i found the article. Here's an excerpt:

Strong peso, weak peso. Make your bet
DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) Updated November 10, 2010

PCGG

Reliable sources told me that the PCGG is now investigating what its new officials call a “midnight deal” involving the sale of about 12 hectares of prime property along C-5 right next to The Grove, the first residential property venture of Rockwell in the Ortigas area. The property had been taken over by PCGG after the Edsa Revolution from a Marcos crony who used to have a meat processing plant there called Pimeco.

According to my sources, a company identified with the SM group clinched the deal from PCGG just before P-Noy took office. I asked my sources at the SM Group to ask Big Boy Sy if he was involved in the deal as alleged to me by my PCGG sources. The response came back that no, Big Boy was not involved. It was another low key company within the SM group that is not publicly listed that dealt with the PCGG.

Anyway, I understand that the new PCGG officials will check if everything is in the up and up, specially the pricing. The property is highly coveted by properly developers because of its location and size. It would be easy for PCGG to check if it was properly priced by just checking with Rockwell how much they bought the five hectare Grove property. It couldn’t be below the Rockwell price because the bigger cut deserves a premium price.

I hope everything turns out well. Another SM mall in the area should be good for those who bought units at The Grove. But the deal is unfortunately tarnished by its last minute nature… specially with a PCGG that was manned by pretty controversial personalities known for excessive perks and no significant wealth recoveries from the Marcoses.

The new PCGG officials should resolve this quickly so development can start.

The lot beside The Grove, to the left if you're facing The Grove from C5, is 10 hectares and is owned by the same people that own this development:

http://www.skyscrapercity.com/showthread.php?t=1279125&page=4

They will develop it in the near future is my understanding.

^^ interesting.

This is a problem for Rockwell. They promised the area to be the next rockwell makati, but they only catered residential options... no new lots acquired for commercial development.

^^ interesting.

This is a problem for Rockwell. They promised the area to be the next rockwell makati, but they only catered residential options... no new lots acquired for commercial development.

I think their best bet to deliver on what they originally planned is the Pimeco lot. The Puyat-Reyes lot is, from the info that I got, not for sale.

i just hope they develop the pimeco lot prudently, and find a way to save all the old trees that are already there. :)

http://www.flickr.com/photos/5550095804_3040bb5f47_b.jpg

Taken : 3-22-11
:bash::bash:

great update!

For sale na po ba ang Towers C and D?
Any info on pricing and payment schemes?









no basement parking anymore. ground to 4th level are all parking. i believe a portion of the podium for towers e-f will be commercial/retail(not sure) since community center has been chopped off because of the revision.

the new masterplan:

https://lh4.googleusercontent.com/_440aGZY4m2Y/TYDnMqMZpzI/AAAAAAAACKc/Vp9Vr1nO3uY/Masterplan.jpg

perspective of the entrance to podium parking

https://lh4.googleusercontent.com/_440aGZY4m2Y/TYDnRJDn3rI/AAAAAAAACKo/FLg62bArVnc/Entrance%20to%20Podium%20Parking.jpg

they've incorporated amenities around the perimeter to hide the parking structure.

https://lh5.googleusercontent.com/_440aGZY4m2Y/TYDnTFqAbwI/AAAAAAAACKw/OSbUGLrd8t8/Playground.jpg






http://www.flickr.com/photos/5550095804_3040bb5f47_b.jpg

Taken : 3-22-11
:bash::bash:

sent you a pm

The Rockwell lifestyle
By Tanya T. Lara (The Philippine Star) Updated April 03, 2011 12:00 AM

MANILA, Philippines - You can see the towers from the distance, their silhouettes lit by yellow light. Rockwell Center in Makati glittering in the night sky, its towers standing like faithful sentries. Or, if you will, like ballerinas en pointe, graceful and still.

The Power Plant Mall below and inside the towers, they are bustling with activities as everyday life is played out in an inspired manner. Your day may start with breakfast while reading the paper in one of the many coffee shops just across the street from your building, or in your own unit’s balcony to enjoy the morning sun. An hour or two spent in the building’s gym, or perhaps a swim. Then you head for work as the spouse gets the kids ready for school. For her, leisurely lunch with friends, pick up a few things in the supermarket, or shop for a new outfit in the numerous designer brands at Power Plant Mall. In the afternoon, a yoga class or a massage at the Rockwell Club. Evening rolls along — dinner for two at a chef’s restaurant just a stone’s throw away from your home, or if the mood dictates, you cook a lovely meal in your own kitchen. Then you catch the last full show at the mall, followed by a nightcap in a wine bar or at home to reflect on the day that has just transpired. And you turn in for the night — in your own private, nurturing space — safe, secure and knowing tomorrow will be another great day.

It may sound like an idealized life, but for Rockwell residents, this what every day looks like. Rockwell Land transformed this 15.5 hectare space and created one of the country’s premier communities, an address that is synonymous with exclusivity and success. The four towers of Hidalgo, Rizal, Luna and Amorsolo are in the West Block, and opposite them are the Manansala Tower, Joya Lofts and Tower, Number One Rockwell, and under construction, Edades Tower and Garden Villas.

This kind of easy, luxurious living is being master-planned by Rockwell Land once more.

http://img823.imageshack.us/img823/3378/lif8z.jpg

Resort living every day: The Grove by Rockwell, located along C5, is a 5.4-hectare property that’s themed around cosmopolitan green —earthbound, sustainable, and surrounded by greenery. The Grove is a community for emerging entrepreneurs, corporate executives, young achievers, and starting families seeking a premium address worthy of their first investment.

The Grove By Rockwell

Located along C5 near Ortigas Avenue, The Grove by Rockwell brings the resort to the city. In 5.4 hectares, Rockwell Land is developing a property that’s themed around cosmopolitan green —earthbound, sustainable, and surrounded by greenery outside, and even indoor for its limited-edition units.

The Grove is the perfect community for emerging entrepreneurs, corporate executives, young achievers, and starting families seeking a premium address worthy of their first investment. This is the address that shows you have already achieved success and will definitely continue to.

From above, The Grove will look like a sprawling resort that’s located outside the city — it being wrapped around by trees and embraced by greenery. Out front will be a community center while in the middle is water — a pool deck with several lap pools and opening up to a 40-meter lounge. There will be multi-purpose courts, a soccer lawn, dance studios, a day care center, meditation gardens, children’s playgrounds, and game rooms.

Six towers are planned to rise in The Grove, each with their own set of amenities such as a fully equipped gym, outdoor barbecue/picnic area, indoor multi-purpose court, and Zen meditation garden. Designed by Pimentel Rodriguez Simbulan & Partners and interiors by Erfe and Associates, the towers will each have an exclusive arrival and drop-off driveway, double-height main lobby, four high-speed elevators, 100 percent stand-by emergency power, and 24-hour building security.

Like any property by Rockwell Land, the interiors of the units are built with top-grade materials — modular kitchen cabinets and bedroom closets, ceramic tile for the bathrooms, laminated flooring throughout and imported tile work for the kitchen, and provisions for air-conditioning systems, and voice, data and cable TV connections.

Units vary from studio to one-bedroom, two-bedroom, and three-bedroom, starting at 32 sq. to 167 sq.m. The towers will have both flat units and loft units. Then there are the special three-bedroom Garden Units, which have their own outdoor garden and plunge pool. Imagine all the plants you can grow in your own garden. Why, you can now grow your own herbs for your kitchen!

The Grove by Rockwell will be a community that will allow you to feel as though you are on a perpetual vacation. Coming home to The Grove after a hard day’s work will be such a joy.

Edades Tower And Garden Villas

Named after National Artist Victorio Edades, the Edades Tower and Garden Villas is located across Power Plant Mall in Rockwell Center, Makati.

Rockwell Land describes Edades as the most upscale of all its developments — and that’s saying a lot!

Edades Tower and Garden Villas is unique for three reasons: first is the tower — its façade is not flat, but rather broken up by balconies and garden decks. Second, it offers Garden Villas right in the middle of the city, two-story villas in such a premium piece of real estate forming a cluster around the tower. And third, it offers Garden Z-Lofts located in the tower, a loft design that revolutionized the conventional loft unit, and these units spill out to a generous garden deck.

Like all the Rockwell towers, Edades comes with its own luxurious services and amenities, including a one-of-kind lap pool located on the third-level podium. Edades units start at one-bedroom to three-bedroom — in flat, loft and Garden Z-Loft layouts.

Rockwell Land calls Edades its latest piece in a master plan, one that has taken years to conceive, plan and finally to start building. Once finished, Edades is bound to be one of the country’s architectural gems. It is a modern tower with a unique look yet it comes with a cluster of two-story homes, as if going back to how Victorio Edades himself and every Filipino lived before the age of high-rises.

http://img860.imageshack.us/img860/431/lif8b300.jpg

Another premium masterpiece: Named after National Artist Victorio Edades, Edades Tower and Garden Villas is the most upscale of all of Rockwell Land’s developments. The two-story Garden Villas are clustered around the tower.

http://img641.imageshack.us/img641/8530/lif8c500.jpg

Where the living is easy: A three-bedroom model unit of Edades Tower designed by Erfe and Associates features premium furnishings and a luxurious feel. The tower also offers Z-Loft units that spill out to a generous garden deck.

Number One Rockwell

Number One Rockwell is the latest property in Rockwell Center, Makati, to be turned over to unit owners, which started last year with the East Tower

and this year for the West Tower.

One Rockwell has the highest rental yields among all the residential condominiums in Makati, making for very happy investors and unit owners. The units are all sold out but many more are now open for leasing. The quick sell isn’t surprising at all, since One Rockwell’s two towers are the newest in the Rockwell community and are designed magnificently. The towers aren’t identical — one is shaped cylindrically and the other almost like a folding fan.

One Rockwell has both flat and Z-Loft units, the latter an innovation by the architectural firm Pimentel, Rodriguez, Simbulan & Partners, who also designed Edades and The Grove.

Rockwell’s Leasing Team efficiently attends to unit owners and prospective tenants’ needs, with a team is dedicated to each of the two towers. Tenant profile at One Rockwell is described as 25 to 60 years old, and people who want to be part of the Rockwell community. They are mostly expatriates, businessmen, corporate executives, retirees, starting Filipino families, and even students.

http://img706.imageshack.us/img706/1732/lif8d400.jpg
Lobby luxury: The lobby of Number One Rockwell.

http://img685.imageshack.us/img685/7932/lif8e400.jpg
Z is for innovation: Designed by Pimentel Rodriguez Simbulan & Partners, Rockwell Land’s signature Z-Lofts, which revolutionized the conventional loft unit, maximize space — and style.

any new updates? :)

the pimeco lot was bought by a company under henry sy. but not smdc.

http://i57.photobucket.com/albums/g227/tcc_0888/The%20Grove/Picture8.jpg


The corner lot is more interesting, ito yata yun IPI right?

I thought nakuha na to ng Rockwell

The corner lot is more interesting, ito yata yun IPI right?

I thought nakuha na to ng Rockwell

I think you're correct. That is IPI. But, I think that it is still not owned by Rockwell and, as far as I know, will never be sold to them.

i have friend whose offering a unit from this project as their company offers its employees with an incentive if they opt to acquire. am having a second thought of getting one as it is beside the river, though i read on the broadsheets that rockwell will incorporate flood control measures....

^^ rockwell makati is beside a river and doesnt flood so this place should be fine also

During Ondoy, I passed all these lots and none had any kind of flooding.

Corporate News

Posted on April 10, 2011 10:16:59 PM

Rockwell expects profits to rise by 12.5% in 2011

ROCKWELL LAND Corp., the Lopez group’s property arm for the high-end market, expects to post fresh record highs for both revenues and profits this year amid robust market demand, an official said on Friday.

Revenues are targeted to grow by a fifth to P6 billion while net income should rise by 12.5% to reach almost P1 billion this year, Valerie L. Soliven, vice-president for marketing and sales of Rockwell Land, told BusinessWorld in an interview.

“For this year we are expecting 20% growth in revenues driven by One Rockwell plus [recognized revenues from] The Grove and Edades,” Ms. Soliven said.

“Plus the mall is doing well,” she added.

“For net income, we are projecting close to P900 million,” Ms. Soliven said.

Last year, Ms. Soliven said the property firm posted a record P4.8 billion in revenues and about P800 million in net income.

This keeps the company on track to achieving its five-year plan of tripling profits to around P2 billion by 2015.

The performance targets will be supported by new projects.

The property developer will launch the final two high-rise residential towers in Pasig City to serve the increasing demand and will also work on acquiring more land for its projects, she said.

The company’s latest project, the Edades in Rockwell Center in Makati, has sold about 480 of the total 550 units open for selling.

“It is ahead of targets. We hoped to sell it out at the end of the year but I think we will be done by next month,” Ms. Soliven said.

Units will be delivered to buyers in December 2014.

The Edades will also have 115 serviced apartments, marking the company’s first foray into the business.

“We want recurring income and that will be the only piece of property we own outside of the malls,” Ms. Soliven said.

Serviced apartments, which will cater to corporate accounts, will be priced at P6,000-P7,000 per night, 20% lower than five-star hotels.

For the 5.5-hectare, P10-billion The Grove on C-5 Road in Pasig, Rockwell Land has so far launched four residential towers.

The Grove will have six high-rise condominium buildings with a total of 2,000 units.

The 26-storey Towers A and B are already close to 90% sold out while units in the 36-storey Towers C and D are 25% sold.

“We are getting ready to launch Towers E and F in the next couple of months,” Ms. Soliven said, adding that units will be sold at more than P100,000 per square meter.

Furthermore, the company is aggressively looking for new properties to develop as the Rockwell Center and The Grove will soon be fully occupied.

“If we find a property that is suitable for mixed-use with office component, we will do that,” she said.

The property developer operates the 1.3-hectare Rockwell Business Center in Ortigas Center.

Locators in the two towers include network antivirus and Internet content security software and service firm Trend Micro, Inc., United States pharmaceutical firm Eli Lilly and Co., and outsourcing firms People Support Philippines, Inc. and Indra Sistemas, SA of Spain.

Rockwell Land Corp., which was set up in 1995 after the shutdown of the thermal power plant of the Lopez group, is 51% owned by the Manila Electric Co. and 49% by Lopez-led First Philippine Holdings Corp.
The flagship project Rockwell Center is a self-contained, mixed-use community consisting of seven high-rise residential towers, three office buildings, a shopping mall, and a graduate school. -- Neil Jerome C. Morales

source: http://www.bworld.com.ph/content.php?section=Corporate&title=Rockwell-expects-profits-to-rise-by-12.5%25-in-2011-&id=29513

i heard that they've raised the main pools and even the soccer lawn from ground level to atop a podium on the 4th floor?

that's a pretty huge amenity area to raise.

is that another measure to ensure that the area never gets flooded?



Corporate News

Posted on April 10, 2011 10:16:59 PM

Rockwell expects profits to rise by 12.5% in 2011

ROCKWELL LAND Corp., the Lopez group’s property arm for the high-end market, expects to post fresh record highs for both revenues and profits this year amid robust market demand, an official said on Friday.

Revenues are targeted to grow by a fifth to P6 billion while net income should rise by 12.5% to reach almost P1 billion this year, Valerie L. Soliven, vice-president for marketing and sales of Rockwell Land, told BusinessWorld in an interview.

“For this year we are expecting 20% growth in revenues driven by One Rockwell plus [recognized revenues from] The Grove and Edades,” Ms. Soliven said.

“Plus the mall is doing well,” she added.

“For net income, we are projecting close to P900 million,” Ms. Soliven said.

Last year, Ms. Soliven said the property firm posted a record P4.8 billion in revenues and about P800 million in net income.

This keeps the company on track to achieving its five-year plan of tripling profits to around P2 billion by 2015.

The performance targets will be supported by new projects.

The property developer will launch the final two high-rise residential towers in Pasig City to serve the increasing demand and will also work on acquiring more land for its projects, she said.

The company’s latest project, the Edades in Rockwell Center in Makati, has sold about 480 of the total 550 units open for selling.

“It is ahead of targets. We hoped to sell it out at the end of the year but I think we will be done by next month,” Ms. Soliven said.

Units will be delivered to buyers in December 2014.

The Edades will also have 115 serviced apartments, marking the company’s first foray into the business.

“We want recurring income and that will be the only piece of property we own outside of the malls,” Ms. Soliven said.

Serviced apartments, which will cater to corporate accounts, will be priced at P6,000-P7,000 per night, 20% lower than five-star hotels.

For the 5.5-hectare, P10-billion The Grove on C-5 Road in Pasig, Rockwell Land has so far launched four residential towers.

The Grove will have six high-rise condominium buildings with a total of 2,000 units.

The 26-storey Towers A and B are already close to 90% sold out while units in the 36-storey Towers C and D are 25% sold.

“We are getting ready to launch Towers E and F in the next couple of months,” Ms. Soliven said, adding that units will be sold at more than P100,000 per square meter.

Furthermore, the company is aggressively looking for new properties to develop as the Rockwell Center and The Grove will soon be fully occupied.

“If we find a property that is suitable for mixed-use with office component, we will do that,” she said.

The property developer operates the 1.3-hectare Rockwell Business Center in Ortigas Center.

Locators in the two towers include network antivirus and Internet content security software and service firm Trend Micro, Inc., United States pharmaceutical firm Eli Lilly and Co., and outsourcing firms People Support Philippines, Inc. and Indra Sistemas, SA of Spain.

Rockwell Land Corp., which was set up in 1995 after the shutdown of the thermal power plant of the Lopez group, is 51% owned by the Manila Electric Co. and 49% by Lopez-led First Philippine Holdings Corp.
The flagship project Rockwell Center is a self-contained, mixed-use community consisting of seven high-rise residential towers, three office buildings, a shopping mall, and a graduate school. -- Neil Jerome C. Morales

source: http://www.bworld.com.ph/content.php?section=Corporate&title=Rockwell-expects-profits-to-rise-by-12.5%25-in-2011-&id=29513

Calling ALL GROVE UNIT OWNERS!

Come to the ROCKWELL ROCKIN EASTER RODEO on April 24, 2011, Sunday from 10AM to 1PM at the Rockwell Club! We’re giving Complimentary Tickets for GROVE UNIT OWNERS!

Exciting activities, Rodeo Show, Fun Games and freebies await participants! Tickets will be available at the Membership Service Desk today. Call 8978310 loc. 7444 or 7445 to pre-register.

This event is brought to you by Rockwell Land and The Rockwell Club exclusively for Rockwell Residents and Club Members ONLY!

Rockwell Marketing Efforts are really agressive, great job guys!

Hi. In case anyone is interested, one of my clients is selling his Grove 3 BR / 97 sqm unit purchased in Year 2009 at a discounted price.

Facing amenities area. For details visit www.thegrovecondo.net

Hi. In case anyone is interested, one of my clients is selling his Grove 3 BR / 97 sqm unit purchased in Year 2009 at a discounted price.

Facing amenities area. For details visit www.thegrovecondo.net


Pls PM me ALL the relevant details, I'm interested. Thanks.

I think this is the best project of rockwell land with very creative concept. Putting a sm mall beside it will make the grove very accessible to the public, its just sm malls caters to different kind of market unlike the gorgeous power plant mall. If they put another condo project by smdc beside the grove will make the current condo owners here to find a long term tenant specially if its competitor(future smdc condo) can offer lower rental and hoa fees. Very nice project indeed though.

i found the article. Here's an excerpt:

Strong peso, weak peso. Make your bet
DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) Updated November 10, 2010

PCGG

Reliable sources told me that the PCGG is now investigating what its new officials call a “midnight deal” involving the sale of about 12 hectares of prime property along C-5 right next to The Grove, the first residential property venture of Rockwell in the Ortigas area. The property had been taken over by PCGG after the Edsa Revolution from a Marcos crony who used to have a meat processing plant there called Pimeco.

According to my sources, a company identified with the SM group clinched the deal from PCGG just before P-Noy took office. I asked my sources at the SM Group to ask Big Boy Sy if he was involved in the deal as alleged to me by my PCGG sources. The response came back that no, Big Boy was not involved. It was another low key company within the SM group that is not publicly listed that dealt with the PCGG.

Anyway, I understand that the new PCGG officials will check if everything is in the up and up, specially the pricing. The property is highly coveted by properly developers because of its location and size. It would be easy for PCGG to check if it was properly priced by just checking with Rockwell how much they bought the five hectare Grove property. It couldn’t be below the Rockwell price because the bigger cut deserves a premium price.

I hope everything turns out well. Another SM mall in the area should be good for those who bought units at The Grove. But the deal is unfortunately tarnished by its last minute nature… specially with a PCGG that was manned by pretty controversial personalities known for excessive perks and no significant wealth recoveries from the Marcoses.

The new PCGG officials should resolve this quickly so development can start.

I think this is the best project of rockwell land with very creative concept. Putting a sm mall beside it will make the grove very accessible to the public, its just sm malls caters to different kind of market unlike the gorgeous power plant mall. If they put another condo project by smdc beside the grove will make the current condo owners here to find a long term tenant specially if its competitor(future smdc condo) can offer lower rental and hoa fees. Very nice project indeed though.

as you pointed out, sm serves an entirely different market from rockwell's.

so am not too worried about getting tenants. :)

although, quite honestly, i like this project too much so i think i will actually live in my unit rather than rent it out.

i know 2014 is still very far off, but am already excited to get my unit. :)

as you pointed out, sm serves an entirely different market from rockwell's.

so am not too worried about getting tenants. :)

although, quite honestly, i like this project too much so i think i will actually live in my unit rather than rent it out.

i know 2014 is still very far off, but am already excited to get my unit. :)



This project is indeed good for end use because it will definitely have more expensive hoa fees which makes it less attractive to potential tenants, but then you will get what you paid for and rockwell land manages their properties really well.
This one have bigger cuts than one rockwell plus amenity area is imacculate.

First Holdings’ earnings boosted by Meralco sale
April 18, 2011 01:49:00
Doris Dumlao
Philippine Daily Inquirer

MANILA, Philippines—Lopez-led First Philippine Holdings nearly tripled its net profit last year due mostly to gains from the sale of additional shares in power distributor Manila Electric Co. to the group of businessman Manuel V. Pangilinan.

Apart from one-time gains from this transaction, the performance of its subsidiaries and affiliates and lower debt levels also helped jack up its net income to P24.9 billion last year from P8.7 billion in 2009, FPH said in a press statement.

In March 30 last year, FPH completed the sale of additional 74.7 million shares or half of its remaining stake in Meralco to Beacon Electric Asset Holdings, which is affiliated with Pangilinan-led First Pacific Co. Ltd. of Hong Kong. FPH received a payment of P300 per share for a total of P22.4 billion. To date, it retains a 6.6-percent stake in Meralco and is entitled to nominate one director, among other rights.

Renewable energy company First Gen Corp. reported a net income of $70.2 million for 2010, up by 318 percent from a year ago. This was due to higher earnings posted by Energy Development Corp., First Gas Power Corp. and First Gas Hydro, complemented by the positive effects of the company’s debt reduction program.

FPH’s manufacturing arm, First Philippine Electric Corp. (First Philec), also tripled its net income to P159.9 billion from P55.3 million. Last December, its subsidiary, First Philec Solar Corp., inaugurated its second production facility that will house 60 wire saws, increasing its capacity to approximately 720 megawatts.

First Philec Nexolon Corp., a joint venture with leading Korean solar wafer manufacturer Nexolon Corp., was also incorporated last December. FPNC will be a 400-megawatt wafer slicing facility that brings First Philec’s total wafer slicing capacity to 1.1 gigawatts.

Industrial park developer First Philippine Industrial Park Inc. posted a net lower income of P312.3 million last year compared to P726.5 million the previous year, as revenues declined to P873 million versus P1.2 billion in 2009. However, the volume of land sold was the highest in the company’s history.

Upscale property developer Rockwell Land grew its net income by 26 percent to P801.2 million last year. Revenues went up by 20 percent to P4.9 billion as the company launched the 50-storey Edades Tower and Garden Villas, its latest addition to the Rockwell Center community. This is a landscaped cluster of loft apartments that complements the contemporary architecture of the main residential tower. Construction for towers A and B of The Grove, Rockwell’s first residential development project outside Makati, is also in full swing and expected to be completed by July 2012.

FPH paid cash dividends of P2 per outstanding common share and P8.7231 per share last year for preferred shares. Total dividends paid amounted to P1.2 billion for common shares and P376 million for preferred shares.

Copyright 2011 INQUIRER.net and content partners. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.inquirer.net/specialfeatures/power/view.php?db=1&article=20110418-331802

http://flickr.com/photos/5649605696_900b93fc18_b.jpg

Taken:4-24-11

Hopefully this project will bring in some business for the people at tiendesitas. Last time I went there, I noticed alot of the clothing shops have closed down and there was not many people there.

Hopefully this project will bring in some business for the people at tiendesitas. Last time I went there, I noticed alot of the clothing shops have closed down and there was not many people there.


I hope rockwell land takes over tiendesitas and develop that area into a high end shopping mall.

I hope rockwell land takes over tiendesitas and develop that area into a high end shopping mall.

How many high end shopping malls do you need??? If businesses in tiendesitas are already suffering what makes you think that a high end mall will stand a chance in this area???

the grove has its own retail component. rustans fresh will also be there but i'm not sure about this.

How many high end shopping malls do you need??? If businesses in tiendesitas are already suffering what makes you think that a high end mall will stand a chance in this area???



The reason why tiendesitas failed is because that area have a less foor traffic but once the grove gets done,that area will need a high end shopping mall to cater the needs of the grove residents. Thats what made the power plant mall successful .

the grove has its own retail component. rustans fresh will also be there but i'm not sure about this.



Im sure with the increasing demand for convinience from the grove residents, rockwell land will put a bigger shopping complex in the area to make their clients happy.

The reason why tiendesitas failed is because that area have a less foor traffic but once the grove gets done,that area will need a high end shopping mall to cater the needs of the grove residents. Thats what made the power plant mall successful .

In order to sustain a high end mall you need a lot of people to patronize the mall. This is true especially for those selling luxury goods, as people don't buy these items everyday. No one in their right mind will build a "luxury mall" just to cater to grove residents. The market is too small. The power plant mall is successfull because not only does it cater to rockwell residents but also the whole of makati. Shangrila mall caters to all of madaluyong, Trinoma caters to all of QC.

In order to sustain a high end mall you need a lot of people to patronize the mall. This is true especially for those selling luxury goods, as people don't buy these items everyday. No one in their right mind will build a "luxury mall" just to cater to grove residents. The market is too small. The power plant mall is successfull because not only does it cater to rockwell residents but also the whole of makati. Shangrila mall caters to all of madaluyong, Trinoma caters to all of QC.

With ametta place,the grove,nuvo city,one oasis,aseana and some residents of valle verde, i think there will be enough foot traffic to help a high end mall survive in the area. =)

^^ imho Tiendesitas is like Greenhills but its more homey.. it has its own niche. Love to take my dog there as its a pet friendly complex like BHS... i would disagree on a high end mall locator in place of tiendesitas though... better for Rockwell to build a high end mall thats directly connected to the grove lot as it will benefit the development... also, i think the demographic of people living the grove would not like to cross c5 just to go shop ie overpass?!?.. better drive to shang or rockwell makati or the future west super block..

^^ imho Tiendesitas is like Greenhills but its more homey.. it has its own niche. Love to take my dog there as its a pet friendly complex like BHS... i would disagree on a high end mall locator in place of tiendesitas though... better for Rockwell to build a high end mall thats directly connected to the grove lot as it will benefit the development... also, i think the demographic of people living the grove would not like to cross c5 just to go shop ie overpass?!?.. better drive to shang or rockwell makati or the future west super block..


Sadly, rockwell land didnt get both of the lots beside the grove. If ever rockwell will take over tiendesitas, they can always put a bridge that will connect it from the grove like how the ayalas connected landmark and sm to glorietta. Or they can build an underpass to make it easier to the grove residents to cross if they wanna go to the mall like what they did to edades and power plant.=)

^^ but imagine that its a C5 overpass... i think that option is unlikely. An underground access connecting a contiguous parking system will be better, but it will be a daunting task... and possibly will not be built.

^^ but imagine that its a C5 overpass... i think that option is unlikely. An underground access connecting a contiguous parking system will be better, but it will be a daunting task... and possibly will not be built.

Im sure rockwell can do it but it will cost them a lot of money. Most likely the residents of the grove wouldnt mind paying higher hoa fees to fund the maintainance of their community mall and underpass since its gonna be for their convinience.=)

^^ imho Tiendesitas is like Greenhills but its more homey.. it has its own niche. Love to take my dog there as its a pet friendly complex like BHS... i would disagree on a high end mall locator in place of tiendesitas though... better for Rockwell to build a high end mall thats directly connected to the grove lot as it will benefit the development... also, i think the demographic of people living the grove would not like to cross c5 just to go shop ie overpass?!?.. better drive to shang or rockwell makati or the future west super block..


tiendesitas is okay but the problem is that its soooo hot to shop because its like an open tiange market. Also one of the main reasons I don't like shopping in MOA. leechtat you should try and walk your dog at eastwood city. There are always so many beautiful pedegree dogs there being walked by their owners. Also eastwood has a beautiful mall and they are now building a big supermarket for food shopping. I'm sure the grove people can shop there.

OT: ^^ yes i walk my dog at eastwood already... usually we go there at night, so its less crowded.

With ametta place,the grove,nuvo city,one oasis,aseana and some residents of valle verde, i think there will be enough foot traffic to help a high end mall survive in the area. =)

I agree. Not to mention the wack wack, green meadows, and corinthian residents.

i'm excited to see how this will turn out, 6 towers in 1 podium

and if there's no traffic, only 5 minutes from high street

sana nag concentrate na lang ang rockwell in expanding its rockwell center, instead of expanding to other areas

sana nag concentrate na lang ang rockwell in expanding its rockwell center, instead of expanding to other areas

dont' you think it's already over crowded?

dont' you think it's already over crowded?

malaki yung potential, yung mga old buildings between rockwell at edsa......puede i redevelop yun

malaki yung potential, yung mga old buildings between rockwell at edsa......puede i redevelop yun

bel-air village na yung area between rockwell and edsa. i don't think the individual homeowners can be easily bought out.

yung lot ng colgate-palmolive, yun siguro ang area for expansion. :)

bel-air village na yung area between rockwell and edsa. i don't think the individual homeowners can be easily bought out.

yung lot ng colgate-palmolive, yun siguro ang area for expansion. :)

bel-air ba yun? yung beside JP rizal road....bat parang ang papangit nila

bel-air village na yung area between rockwell and edsa. i don't think the individual homeowners can be easily bought out.

yung lot ng colgate-palmolive, yun siguro ang area for expansion. :)

one too has to deal with bel-air homeowners association that imposes severe restrictions on buyers/sellers.

That's Guadalupe Viejo, where there was a recent skirmish between informal settlers and the police trying to clear them out. They completely closed down that part of EDSA because of the violence. So it's not that easy, even though in theory it's a good idea...

bel-air ba yun? yung beside JP rizal road....bat parang ang papangit nila