Build­ing on a Le­gacy of Qual­ity

Newsweek International - - PROMOTION - Or­ti­gas & Com­pany www.or­ti­

Ac­cord­ing to Jaime Ys­mael, pres­i­dent and CEO of Or­ti­gas & Co., a pi­o­neer in up-mar­ket prop­erty de­vel­op­ment, “The lux­ury real es­tate sec­tor will keep grow­ing at its cur­rent pace.” With about $4 bil­lion of mixed-use schemes in key lo­ca­tions, Or­ti­gas & Co. has spent more than 87 years build­ing ground­break­ing multi-use projects. Now, the coun­try’s two big­gest prop­erty groups, Ayala Land and SM Prime Hold­ings, are part­ner­ing with Or­ti­gas & Co. to move it for­ward. “Their best prac­tices have been brought in, the busi­ness model is right and 2017 was a good year,” notes Ys­mael.

That year saw Con­nor, a 55-storey lux­ury res­i­den­tial de­vel­op­ment, go on sale. “In ten hours we sold over 51% of the units. It was per­fect for the lo­ca­tion, tim­ing, pric­ing and unit con­fig­u­ra­tion,” he ex­plains; “This year, we launched our first of­fice build­ing for sale. We sold 81% on the first day, gen­er­at­ing $120 mil­lion for about 288 units. We were floored!” In ad­di­tion to its sales in­come, Or­ti­gas & Co. is in­creas­ing its re­cur­ring in­come base through a shop­ping mall ex­pan­sion pro­gram. It is ex­tend­ing its Es­tan­cia mall and re­de­vel­op­ing its 16-hectare Green­hills com­plex. “We are ac­cel­er­at­ing the pace of our de­vel­op­ments, pri­mar­ily in Metro Manila for now,” says Ys­mael; “Or­ti­gas & Co. has a le­gacy of qual­ity de­vel­op­ments that were ahead of their time and have stood the test of time. We would like to con­tinue draw­ing on that le­gacy of suc­cess.”

Jaime E. Ys­mael, Pres­i­dent and CEO, Or­ti­gas & Com­pany

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