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Old November 20th, 2007, 11:41 AM   #61
brownman
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no new updates?
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sometimes i pretend to be normal... but it gets boring.

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Old November 20th, 2007, 02:49 PM   #62
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almost 1 month to go before the year ends....
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Old November 20th, 2007, 02:56 PM   #63
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kaya nga eh... without any news about it. ):
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Old November 20th, 2007, 03:08 PM   #64
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who0o. tagalog. haha. )
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Old November 26th, 2007, 10:29 AM   #65
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i hope they start constructing lopez centre soon...because 10 years from now Dubai will mostly own the Worlds top 100 tallest buildings,..i must say goodbye to PBcom tower...
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Old November 26th, 2007, 12:25 PM   #66
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the plan is 2008.
completion is 2011.
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Old November 26th, 2007, 01:40 PM   #67
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^really? wow
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Old November 26th, 2007, 03:22 PM   #68
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any news?
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Old November 27th, 2007, 03:08 AM   #69
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They should change the height to 400 metres
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Old November 27th, 2007, 03:12 AM   #70
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T.O needs somthing like this..
Congrats guys... looks pretty sharp.. I'm surprised it's not in Manilla instead
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Old November 27th, 2007, 03:15 AM   #71
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It fits in better in Makati. But it's still close to Manila. If this tower gets built, you can see it from the Manily Bay.
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Urban Showcase » S8 only by diz
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Old January 7th, 2008, 03:23 PM   #72
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hmmmm

is this really being built? ive bin to rockwell last dec 07, i only saw the one rockwell area, havent sin this, i wanna ask the guards nga eh
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Old January 7th, 2008, 08:10 PM   #73
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mmmmmmmmmmmmmm
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Old January 9th, 2008, 03:44 AM   #74
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Quote:
Originally Posted by philippine_eagle View Post
They should change the height to 400 metres
why should they even bother if theyre not even going to build this.
this thread should be closed!
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Old January 9th, 2008, 07:16 AM   #75
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Remeber the old news articles that Rockwell was looking for funds for this project? After that, they never said they canceled.
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Old January 9th, 2008, 04:50 PM   #76
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most likely to be scrapped!
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Old January 28th, 2008, 12:20 PM   #77
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you are quite wrong...it's going to be finally officially launched this year!!!

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

Quote:
Originally Posted by -TC- View Post
"It is supposed to be the tallest building in the Philippines. But it won’t be as tall as the original plan. We are still looking at 50 plus storey building," he said.

Read the article below:

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

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

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

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

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

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

The Grove

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

It will feature five towers of high-rise condominiums.

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

Lopez Center

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

The office space will be fully operational by 2011

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Business Center

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

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

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

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

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

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

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

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

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

"There is also potential from countries like India moving their operations here. They are getting pressures from some of their clients to use other locations aside from India," he added.
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Old January 28th, 2008, 02:11 PM   #78
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Last edited by P A L; January 28th, 2008 at 02:17 PM.
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Old January 28th, 2008, 10:21 PM   #79
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don't believe all things you see on emporis
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Old January 29th, 2008, 04:37 AM   #80
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i just can't wait for the launching this year!!!
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