CPGI to fully lease out BGC office tower in 2 weeks

Century Properties Group, Inc. (CPG:PM) expects to fully lease out the Asian Century Center, its latest office building built in partnership with Asian Carmakers Corporation, by the end of this year.

In an interview at the openings ceremonies of the P1.6 billion green office building in Bonifacio Global City, Taguig, CPGI Managing Director and COO Jose Marco Antonio said the building is now 75 percent leased out.

“Tenants are a combination of IT and BPO companies, e-commerce and tech, and we’re speaking to a few corporates,” said Antonio adding that “we had options for pogo (online gaming firms) but we did not entertain them.”

He said three out of the four IT companies with confirmed leases are holding office in the building, which has a net leasable area of 29,628 square meters. Asian Carmakers plans to put up a showroom of Peugeot at the ground floor.

Once fully leased out, the Asian Century Center is expected to contribute approximately P500 million in annual revenues to CPG’s leasing portfolio.

“We are very pleased with the outcome and early success of Asian Century Center. We thank the Asian Carmakers Corporation for a fruitful partnership and our project stakeholders who gave their trust and support in us,” said CPGI Chairman and Chief Executive Officer Jose E.B. Antonio.

He added that, “the addition of this green building into the office inventory of BGC and Taguig City is quite timely as more companies look for welldesigned and efficient office spaces to locate in.”

Asian Century Center is accredited by the Philippine Economic Zone Authority (PEZA) and meets its strict requirements of 100-percent power backup, provision for high-speed internet and infrastructure, and a building management system.