DMCI Homes starts Makati office project
posted August 14, 2016 at 11:52 pm by Jenniffer B. Austria
DMCI Homes, the residential development arm of conglomerate DMCI
Holdings Inc., said it ventured into office development in Makati City and
launched its first residential projects in Davao City.
DMCI Homes president Alfredo Ramos said in an interview the
company would develop the former site of Federal Hardware along Pasong
Tamo Extension in Makati City into a two tower residential and office
development.
Under the plan, the 28-story office project will have 35,000
square meters of leasing space.
The project marks DMCI Homes’ entry into office leasing space
after being one of the leading property developer in the mid-segment sector of
the residential industry.
The residential component of the project will offer 900 units
targeting the middle-income market. The whole development is slated for
completion in five years.
DMCI Homes also launched its first residential development in
Mindanao called Verdon Park in Davao City in June.
The two-hectare property owned by DMCI’s parent firm will be
developed into a three-tower residential project with a total of 1,900 units.
Austria said at P3 million per unit, the Davao project was
expected to raise as much as P6 billion in sales.
Austria said the company would launch five new projects in
Makati, Parañaque and Quezon City in the second half.
Meanwhile, construction unit D.M. Consunji Inc. secured P4.4
billion worth of new contracts in the first six months, bringing its total
order book to P27.9 billion.
Among its newly signed projects are Spectrum BPO building, City Gate
of Ayala Land Inc., a 50-million-liter water reservoir in Quezon City and a gas
turbine plant in Batangas.
The construction firm expects more construction projects to come
from the public sector amid the plans of the Duterte administration to increase
infrastructure spending to 6 percent of gross domestic product.
“We believe DMCI is well positioned to assist in the
infrastructure renewal plan of the Duterte administration because of our track
record in implementing complex and large scale projects,” D.M Consunji
president Jorge Consunji said.
Among its ongoing projects are Metro Manila Skyway Stage 3,
civil works of the LRT 2 Line East and several high-rise buildings.
