GREEN developer Arthaland Corp’s (Arthaland) growth road map is on track as it aims to boost its portfolio by five times in 2024, according to the company’s top official.
“All projects are in the pipeline. Moreover, our projects in Cebu Business Park and Cebu IT Park are ongoing, and the two buildings will have the fourth version of the Leadership in Energy and Environmental Design [LEED] rating standard” Arthaland President Jaime Gonzalez said in a recent press briefing held in their office at the Bonifacio Global City (BGC).
Arthaland aims to grow its gross floor area to 500,000 square meters by 2024 from the prior year’s 100,000-sq-m gross development value for the projects worth P60 billion.
The Cebu Exchange is the single largest green-office building in the Philippines with approximately 11 hectares of gross floor area whose first phase is due for turnover in 2020.
Savya Financial Center is a mid-rise twin tower office development project that is expected to create an impact in the business in southern part of Metro Manila. It is complemented by a fully integrated retail component. Launched in early 2019, Savya will be built with modern, smart and sustainable building feature, pre-certified Gold with the US Green Building Council’s LEED and registered with the Philippine Green Building Council’s Berde. It is a joint-venture project with Mitsubishi Estate of Japan. It is located in Arca South in Taguig City.
Arthaland Executive Vice President Leonardo Arthur Po said the company will also be putting up two high-end residential condominiums in the Legazpi Village area with combined gross floor area of 46,000 square meters. “We will be introducing the concept of sustainable luxury which focuses on conscious luxury living which is mindful of the environment,” Po said.
“It will be a different type of product from other developers. It will have the fourth version of LEED and the third version of Berde,” Po added.
Po also pointed out the Legazpi projects is an indication that Arthaland is going back to its roots of developing residential spaces.
Meanwhile, Christopher Narciso, Arthaland executive vice president for business project development said the capital expenditure of P8 billion will be allotted for the current projects, as well as the other projects in the pipeline, such as a high-end green residential condominium in Cebu City; green luxury residential condominiums in Legazpi Village and upscale apartments in Sevina Park in Laguna.
Narciso added the new projects will match the company’s current projects which helped the company register P10 billion in reservation sales as of last year just for its three developments currently undergoing construction—the Cebu Exchange, Savya Financial Center and Sevina Park.
Sheryll Verano, Arthaland senior vice president for strategic funding and investments, said the company has landbanks totaling 35 hectares and 8 hectares in Tagaytay City and Laurel, Batangas, respectively. She said Arthaland has yet to finalize the development plans for the two areas.
Gonzalez said 2019 was a good year for the company as the company keeps on growing. “There’s a lot of liquidity in the market,” he said.
“We hope to achieve more in 2020,” Po pointed out.