DAVAO | Projects & Construction

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Originally Posted by mr. blood

Rockwell Land may expand in provinces

ABS-CBNnews.com
Posted at 05/11/2012 12:30 PM | Updated as of 05/11/2012 12:30 PM


MANILA, Philippines - High-end property developer Rockwell Land Corp. listed P9.1 billion worth of common shares by way of introduction in the Philippine Stock Exchange (PSE) on Friday. This was the result of a property dividend declaration by the Manila Electric Company (Meralco) of its 51% stake in the property firm.

Rockwell Land listed 6.22 million common shares at a listing price of P1.46 per common share.

Rockwell officials said the company has not yet decided on a follow-on offering, but with the strong stock market Rockwell Land president Nestor Padilla said "it should be in the cards."

The developer of the upscale development Rockwell Center in Makati City is also looking expand in the provinces in the future.

"We are looking at maintaining our competence which is the high-end. But if the opportunity presents itself, why not? We are also looking at the provincial market via interesting opportunities in Cebu and maybe even Davao. We will probably go into the provinces," Ambassador Manuel M. Lopez, chairman of Rockwell Land, told ANC.

"I think the opportunities in the provinces like Cebu and Davao would be an ideal place to promote tourism so once we go to these 2 provinces, you can be sure the tourism component would be very much active there," he added.

Rockwell is allocating P8 billion in capital expenditures for 2012. Padilla said at least 30% of the capex will be used to buy "a few prime properties."

In 2011, Rockwell Land posted a net income of P915 million, a 14% increase from P801 million in 2010.

Padilla attributed the 2011 results to strong development income from its condominium sales (60%) and from its retail and office buildings (40%). Both segments have been averaging 20% growth every year.

"We definitely want to expand not just the high-rise development income but also retail portion but it will always be led by our development income. It would go from 60-40, 65-35, but definitely we want to make sure that the retail and commercial portion of recurring income of Rockwell continues to be growing," he said.

Rockwell has several projects underway, including The Grove by Rockwell, a 5.4 hectare residential development in Pasig catering to the upper mid-market; The Edades Tower and Garden Villas, a 50-storey development in Rockwell Center.

The company also made its first foray into townhouse development with 205 Santolan in Quezon City. The exclusive community has 105 units and only began selling last April 27, but it is already more than 50% sold out.

"We liked the name. Our chairman was very intrigued why we wanted to call it Santolan. But it is what Rockwell does best, transforming areas which people have long neglected, like the Power Plant which is now the Rockwell Center. You have pockets of beautiful properties in Metro Manila and Santolan is one of those. It's a 2 hectare site. Nobody really paid attention to that property for a while and now that we have put together a nice plan, instead of high-rise we are going townhouse. The market is excited by that," Padilla said.

Rockwell will start constructing The Lopez Tower and Museum in Block 9 in Rockwell Center by mid-2012. The 20-storey tower will be the new headquarters of the Lopez Group of Companies and a new home for the Lopez art and literature collection.

Another project that will be launched is The Proscenium, whose design team is headed by renowned Uruguayan architect Carlos Ott. A 3.6 hectare prime property on the northeast of Rockwell Center will be developed with additional 5 residential towers, 15,000 sqm of retail, 10,000 sqm of office and a 700-seater performing arts theater.

I think Rockwell should build siguro yung mga katulad ng Rockwell Center for both Metro Cebu and Metro Davao.

[-Enzeru-]

-deleted-

[Mindavao]

ABREEZA RESIDENCE 26F

thanks Sir Kenneth O. for this pic...

[Mindavao]

AVIDA TOWERS DAVAO l 23f & 29f l res

[geom]

SM LANANG PREMIER

[geom]

PARK INN BY RADISSON

[Wadaboy]

PRESS RELEASE

UPCOMING HIGHRISE PROJECTS 12 FLOORS AND UP

DMC-UPDI CONDOMINIUM 18F - 21F

THE DMC Urban Property Developers Incorporated (UPDI) is eyeing to construct a mixed-use high-rise condominium within this year at Ecoland in Davao City.

Engineer Leonora Gutierrez, director for sales, marketing and customer care of DMC-UPDI, said their first high-rise infrastructure will be composed of 18 to 21 levels.

LINVILLE RESIDENCE TOWER 1 AND TOWER 2 12F

A Manila-based firm is planning to put up a 12-storey twin tower condominium in Brgy. Ma-a, Talomo District, its top official said.

Teresita G. Alforque, project director of RPRP Ventures Management and Development Corp., said in a letter addressed to Councilor Arnolfo Ricardo B. Cabling, chair of the committee on housing, rural and urban development, on May 2 that it would be dubbed as Linnville Residences.

CAMELLA NORTHPOINT LIVERPOOL BLDG 15F

Camella Davao is a subsidiary of the country's largest homebuilder -- the Villar-led Vista Land & Lifescapes.

Although Liverpool is originally designed as a 10-storey building, Camella is planning to make modifications to re-design it as a 15-storey structure to address market demand for more condominium units.

[Wadaboy]

CONSTRUCTION UPDATES

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Palmetto Place





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One Oasis Condominium





Technopud Bldg

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JTC Hotel







Kukun Hotel

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ONB HQ BLDG (FINISHED)





pictures are from Davao threads at Mindanao forum... credits to the owners

[damn_SjD]

nice!

[mr. blood]

hey guys ! wassupp !!!

[mr. blood]

hahay .... no forumers around...

[Mata ng Agila]

kani lang vah ang open na thread sa Davao?..murag halos tnan naka close nman....

[ERyXz™]

Originally Posted by Mata ng Agila

kani lang vah ang open na thread sa Davao?..murag halos tnan naka close nman....

wala na koi lingaw.. close na tanan.. pati sa CDO nanga close.. dili siguro gusto sa mods na mailhan ang kaanyag sa Mindanao sa tibuok Pilipinas.. naay insecurity

[mr. blood]

mao gani na iwasan ang mga arguments ug kanang mga flame baiting and padungog-dungog....

naa pman pud isa ka thread na open sa CDO ug didto sa ila thread wla nay samok ug unta mao pud dri....

[mr. blood]

kini nalang usa ato topic oh....

linville res in MA-A @ 21 storey

[geom]

dba 12-storey twin towers yung sa maa?

[mr. blood]

ambot lng basin nabaligtad ang figure hehe

i think , iba din yung 12

[metaLLOYD]

12 storey twin tower ang sa Maa.

[mr. blood]

dba sa city jail man na dapit ang twin tower...

[mr. blood]

http://anythingaboutdavao.blogspot.c...max-results=50
refer to this link nlng aron dli mo maglibog....