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Old August 3rd, 2007, 09:21 AM   #41
brownman
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soon? so when's soon?
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Old August 3rd, 2007, 09:24 AM   #42
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^ The article says "within the year", lets wait and see
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Old August 25th, 2007, 12:20 PM   #43
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let's not lose hope. eventually we'll see it soar up. soon.
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Old August 25th, 2007, 12:27 PM   #44
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yes. lets just wait.
i wish that the three supertalls will be constructed.
this one, the skycity and the one proposed in BGC.
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Old August 26th, 2007, 08:35 AM   #45
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^ Hope skycity and the other gets resigned. Lopez tower is simple and beautiful, with its massive footprint. Of course we may have to wait since a redesign may be on the works, after all office buildings nowadays in the Phils tend to be mid-rises, allowing faster completion dates, this will be most likely mixed-used.
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Old August 26th, 2007, 01:51 PM   #46
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huh. doesnt the one in century city have more floors?
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Old September 29th, 2007, 04:22 PM   #47
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isnt not th gramercy project will try to conquer the philippine skies
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Old September 29th, 2007, 04:26 PM   #48
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probably the Pagcor Tower? hehe
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Old September 29th, 2007, 04:32 PM   #49
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dont know if anyone has mentioned this before but this looks alot like the freedom tower in NY
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Old September 29th, 2007, 04:35 PM   #50
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mentioned many times before. hehe
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Old September 29th, 2007, 05:28 PM   #51
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Lopez Centre is amazing! hahaha
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Old September 30th, 2007, 03:56 AM   #52
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Quote:
Originally Posted by zeeshanney View Post
dont know if anyone has mentioned this before but this looks alot like the freedom tower in NY
no. that's terribly wrong. it's freedom tower that looks like the lopez centre since the design of the lopez centre came out years before the trade center towers even fell.
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Old October 1st, 2007, 08:29 AM   #53
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same architects*
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Old October 1st, 2007, 08:44 AM   #54
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They are both designed by SOM.
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Old October 2nd, 2007, 05:07 AM   #55
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Yes. The architects made the freedom tower similar to lopez centre.
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Old October 2nd, 2007, 12:12 PM   #56
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Quote:
Originally Posted by hiiamdib View Post
isnt not th gramercy project will try to conquer the philippine skies
nope... there is another project from the Metrobank Group which shall build the tallest... this is going to be in the North Bonifacio portion of Bonifacio Global City.... I think they still have not released a final render though there was a rendering that was previously posted in the Philippine forums..
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Old October 8th, 2007, 03:15 AM   #57
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Rockwell defers planned market debut
CITING TIMING considerations, Lopez-owned property developer Rockwell Land Corp. has deferred a plan to list at the local bourse this year.

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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Old October 8th, 2007, 03:26 AM   #58
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Is it still a supertall? LOL. and are they going to update the design?
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Old October 15th, 2007, 06:49 AM   #59
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what is the final design? I think Manila skyline need something more special and unique!
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Old October 15th, 2007, 09:26 AM   #60
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It's supposed to start construction this year.
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