By Iris Gonzales (The
Philippine Star) | Updated May 22, 2017 - 12:00am
MANILA, Philippines - DMCI
Holdings Inc. is dipping its hand into the office space business for the first
time with a two-tower development in Makati City.
“It’s experimental,” said DMCI
Holdings chairman Isidro Consunji on why the company decided to venture into
the office business.
The conglomerate is making its debut
in this segment through its real estate subsidiary DMCI Homes.
“This will be the first time,” said
DMCI president Alfredo Austria.
He said the project, possibly in
joint venture with Japanese company NTT, would rise along Pasong Tamo in Makati
City.
Austria said the project, which
would add some P8 billion worth of inventory, would provide office space for
business process outsourcing companies and other industries.
“It will be for BPOs and non-BPOs,”
Austria said.
Consunji said NTT may take an
initial 30 percent in the project. NTT is a telecommunications giant in Japan
which also has real estate businesses.
Austria said the company hopes to
launch the project within the year but is still awaiting final zoning
regulations from the local government.
DMCI Homes plans to launch eight
projects this year with total sales value of P57 billion.
This is 50 percent more than theP38
billion generated by the seven projects launched last year.
The company recorded robust sales in
the first quarter of the year amid stiffening competition in the industry,
which has seen the entry of many new players in recent years.
It reported an all-time-high sales
and reservations record of P13.1 billion during the first three months of the
year, more than double the P6 billion sales value posted during the same period
in 2016.
Aside from real estate, the Consunji
family are in coal, power, construction, water and mining.
No comments:
Post a Comment