Rockwell Land Corp, the listed property giant of the Lopez Group, will launch two new flagship projects in Angeles, Pampanga and Bacolod.
Rockwell Center Nepo in Angeles is an P8.5 billion development on a 3.6-hectare joint venture with the Nepomuceno family.
The company will launch in July, its first tower, The Manansala.
“We are excited to be part of the skyline of Angeles, Pampanga. Once the project is completed, the community will feature four mid-rise residential buildings and its very own Power Plant Mall,” Rockwell Land president and CEO Nestor Padilla said during the company’s annual stockholders meeting yesterday.
After the launch of Nara Residences in 2019, the company is further expanding its footprint in Negros with the launch of Rockwell Center Bacolod.
Twice the size of the first Rockwell Center in Makati, it will be a 30-hectare master-planned development with the vision of becoming the Bacolodnons’ top choice for a holistic community with commercial centers, residential spaces and lifestyle and leisure areas.
The first phase consisting of the commercial lots is scheduled to launch by year-end and is expected to bring in P1.4 billion in revenues.
Rockwell Land also shared the launches of other major projects this year, including Sillion Building at 32 Sanson in Cebu, The Villas at Aruga Resort andResidences – Mactan Phase 2, Terreno South Phase 3 in Lipa, Batangas, Nara Residences Lots in Bacolod, The Arton East 2 nd Floor, 8 Rockwell, Hidalgo Drive, Rockwell Center, Makati City, Philippines Phone (632) 793-0088 Tower in Katipunan, Quezon City, and The Balmori in Rockwell Center, Makati.
Moving forward, Padilla said there would be more developments for Rockwell.
“We will always hold tight to our vision of creating beyond ordinary communities amidst any situation,” Padilla said.
“We remain optimistic to launch several projects, especially with the continued trust our clients have given our brand after seeing how we all handled the first year of the crisis,” he said.
Rockwell Land posted a net income after tax (NIAT) of P1.08 billion in 2020, a 63 percent decline from previous year, with consolidated revenues reaching P10.7 billion.
However, its performance in the first half of 2021 already exceeded the results of full year 2020, with NIAT reaching P1.2 billion.