By James A. Loyola
Upscale green developer Arthaland Corporation is aiming to grow its business five times over the next five years to a total development portfolio of 500,000 square meters worth ₱60 billion by 2024.
In a press briefing, Arthaland President Jaime C. Gonzalez said they continue to be optimistic about the prospects of their business given the growth of the Philippine economy and the premium the market puts on sustainable developments.
“We wouldn’t be surprised if we exceed the 500,000 square meter target as we are getting a lot of offers for joint ventures,” he added, noting that Arthaland is the country’s only green developer of this scale.
The firm hit ₱10 billion in reservation sales last year for its three developments currently undergoing construction in Taguig, Cebu, and Laguna.
The firm is developing Cebu Exchange, 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.
It is also putting up the Savya Financial Center, a premium green twin tower office development with a fully integrated retail component located in Arca South, Taguig City.
Arthaland also continues to develop the 8-hectare Sevina Park, alow-density, mixed-use community in Binan, Laguna, a pioneer for LEED Neighborhood Development and LEED Home Certification.
“With the overwhelming positive response towards our green developments in 2019, we are on track to grow our development portfolio by 5 times by 2024,” said González.
ArthaLand Executive Vice President and Treasurer Leo T. Po said that, for this year, the will allot ₱8 billion for capital expenditures as it continues to expand its green development portfolio.
He said the firm will launch its high-end green residential condominium in Cebu City; a green luxury residential condominium in Makati CBD, and upscale apartments in Sevina Park.
Po noted that there is a strong market for sustainable living and they intend to tap various foreign architects to help them come up with unique designs for each project.