Rockwell Land Corporation registered a net income after tax of P915 million in 2011, up by 14% from P801M in 2010. Total revenues amounted to P6.2 billion, up by 26% from P4.9B in 2010. Revenue growth was driven by residential sales due to higher booking of sales and construction completion in 2011 from ongoing projects.
Formed in 1995, Rockwell Land’s flagship project is the Rockwell Center, a 15.5-hectare mixeduse development in Makati City. Currently under construction is The Edades Tower and Garden Villas, which is expected to be completed within the first half of 2014.
The company has also launched The Lopez Tower and Museum in Block 9 in Rockwell Center. The 20-story tower will be the new headquarters of the Lopez Group and the new home to the art and literature collections of the Lopez family.
Still in Rockwell Center, the company looks forward to launching The Proscenium whose conceptual design team is headed by world-renowned architect Carlos Ott. The 3.6 hectares of prime property on the northeast side of Rockwell Center will expand the company’s flagship development with an additional five residential towers to be complemented with 15,000 sq. m. of retail, 10,000 sq. m. of office and a first-of-its-kind 700-seater performing arts theater.
Another ongoing development is The Grove by Rockwell, a 5.4-hectare residential development in Pasig set to turn over its first two towers by this year.
Rockwell’s first townhouse development, 205 Santolan by Rockwell, located in Quezon City, only began selling last April 27 and is more than 50% sold out. This new exclusive pocket community will be home to 105 units with sizes ranging between 260 and 400 square meters ready for turnover by next year.
Photo Caption: L-R: Lopez Group chairman emeritus Oscar M. Lopez, Rockwell Land chairman Amb. Manuel M. Lopez, PSE chairman Jose Pardo, Meralco president and CEO Manuel Pangilinan, Rockwell Land president Nestor J. Padilla, Rockwell Land directors Manuel Tordesillas, Elpidio L. Ibañez and Miguel L. Lopez
Recommend this article...