by VG Cabuag
Rockwell Land Corp., the property development arm of the Lopez Group, on Wednesday said it expects earnings in the first half to exceed the P1.08-billion net income it posted in 2020.
Rockwell Chairman Manuel Lopez said during the firm’s annual stockholders’ meeting that the company will launch more projects this year.
“With our constant pursuit to build the very best, we are now very excited to move onwards and upwards as we continue on the legacy that we started in Rockwell Center, Makati, with new flagship projects,” Lopez said.
In the first semester, Rockwell launched Sillion, the fifth tower in 32 Sanson by Rockwell in Cebu, The Villas at Aruga Resort and Residences—Mactan Phase 2, and Terreno South Phase 3 in Lipa, Batangas.
The firm will launch Arton East, the third and final tower of The Arton by Rockwell in Katipunan, Quezon City in the second half.
In Makati, it will launch 1 Proscenium with premium work spaces available for sale within the Proscenium complex.
“We will always stick to our vision of creating beyond ordinary communities amid any situation. We remain optimistic of launching several projects, especially with the continued trust our clients have given our brand after seeing how well we handled the crisis,” Rockwell President Nestor Padilla said.
The company is also constructing the Balmori Suites at heart of Rockwell Center, which will have direct connection to the Power Plant Mall.
This prime development will have a hotel-like lobby, premium finishes and thoughtfully designed private amenities, Padilla said.
After the launch of its first condominium units in Bacolod City last December 2019, Rockwell will soon be offering residential lots within the 11-hectare Nara Residences.
“We are committed to rebound sooner rather than later by growing our presence in emerging cities. This year, we are set to launch two new Rockwell Centers: Rockwell Center Nepo, Angeles and Rockwell Center Bacolod,” he said.
Nepo is a 3.6-hectare joint venture with the Nepomuceno family which will feature mid-rise residential buildings and a Power Plant Mall.
Rockwell Center Bacolod will be twice the size of the first Rockwell Center in Makati and will be a 30-hectare master-planned development with the vision of becoming Bacolod’s top choice for a holistic community with a commercial center, residential spaces and lifestyle and leisure areas.