Listed upscale property firm Century Properties Group Inc. (CPG) expects P2.5-billion sales from the office spaces of its mixed-used tower in Makati City.
Century Spire tower is CPG’s integrated residential and office tower in Century City in Kalayaan Avenue, Makati City. The tower is one of the four Class A office buildings—which is over 160,000 square meters (sqm) of area—that will transform CPG as one of the leading office space player in the country by 2018.
“We are aggressively pursuing our business expansion plans this year, which includes strengthening our commercial portfolio on top of our current concept residential projects.” CPG Chief Operating Officer Marco Antonio said.
The tower will add over 23,000 square meters (sqm) of office portfolio, offering more than 300 single office units, ranging from 50 to 90 sqms and priced at P185,000 to P205,000 per sqm. Units may be combined to form up to an entire floor of office space.
Century Spire was officially launched on second quarter last year, which will be delivered by 2018.
The company is expanding its office portfolio capitalizing on demand in commercial office spaces, citing various reports of the business processing outsource (BPO) industry being one of the key drivers of the economy towards 2020.