ANTONIO-led Century Properties Group Inc. and Global Gateway Development Corp., a company led by Davao businessman Dennis Uy, will jointly develop a parcel of land in Clarkfield in Pampanga.
The companies said it will turn 2.6 hectares out of the 177 hectares of Clark Global City into a mix of residential and office buildings.
CPG is the developer of the former property of the International School in Makati.
This is CPG’s first development in Clarkfield, a former military base currently being transformed into the country’s next central business district.
“We are proud of this joint-venture partnership with GGDC. We look forward to sharing our expertise from 33 years in the real-estate business and bringing our experience from past successes to this project,” CPG Chairman and CEO Jose EB Antonio said.
“Century Properties is one with GGDC’s vision of building a green and efficient model city in the North. Our new project together will certainly make a great addition to Clark Global City’s iconic master plan. We are very optimistic about the growth of Clark as the country’s premier aerotropolis. We hope this is only the first of a series of projects.”
The real-estate company is banking on the phenomenal growth of Central Luzon, which has the highest number of occupied housing units; and also Clark, which has emerged as the second-largest market for office after Metro Manila.
With a buildable area of more than 109 hectares, Clark Global City is planned to host office buildings, retail outlets, academic centers, sports centers, an urban park, an iconic tower, in integrated resort and casino, and modern support services and amenities.
Clark Global City was previously envisioned as an aviation-focused logistics park exclusively developed by GGDC. When Uy took over in 2017, it renewed its lease agreement over the estate to run until 2085 and amended the master plan with a vision of developing the area as the next CBS by maximizing allowable building heights and floor area ratios, opening additional access points, downsizing the lot cuts to the needs of the market, and welcoming local partners in developing the leasehold.
The development has since received strong interest from locators.