Lopez-led property developer Rockwell Land Corp. said it expects its recovery to continue this year with the launch of new projects in different parts of the country.
During the firm’s annual stockholders’ meeting, Rockwell Chairman Manuel M. Lopez said its expansion in key locations of the country such as in the Visayas and in Pampanga, is part of its strategy of expanding its footprint to “better manage the cyclicality” of its business.
“We continue building on our progressive pace and look forward to more projects in the pipeline this year,” Lopez said. “Growing our footprint in Visayas will be the 2.8-hectare Rockwell IPI in Cebu, in partnership with International Pharmaceuticals Inc. We also launched Rockwell Center Bacolod—a 30-hectare development that is set to be the next preferred mixed-used business district in Western Visayas.”
In Pampanga, the company has formed a joint venture with the Nepomuceno family to develop tracts of land in Angeles City, which will have mixed use facility and a Power Plant mall, the first branch outside of Makati.
“Our growth story endures as we move toward more bountiful times. This year, we will expand our reach in Makati, Cebu and Bacolod, and soon, set foot in Iloilo,” Rockwell President Nestor J. Padilla said.
Padilla said Rockwell IPI Cebu will form a community with residential towers, workspaces, and a retail area while Rockwell Center Bacolod will be twice the size of its first Rockwell Center in Makati.
“This master-planned community brings together the design vision of Proscenium’s architect, Carlos Ott, and the architect of multiple Rockwell projects, Jun Rodriguez,” he said.
The neighborhood will be comprised of residential areas, commercial spaces and a much-awaited Power Plant Mall.
“To start off the community, the Rockwell Business Park, launched this year, offers commercial lots for investors, poised to gain returns similar to the bustling Makati business district. Residential lots will also soon launch towards the end of 2022,” Padilla said.
He said the company’s first venture in Iloilo will be marked by The Vantage at Iloilo. Residential and office spaces within the 1.3-hectare development will have wide open views.
“Its ideal location in the center of the city makes it accessible to major establishments and institutions,” he said.
Other projects slated for launch include Edades West, a new premium residential tower at the flagship Rockwell Center in Makati City.