Ty’s Federal Land, Orix to develop $300M complex in TaguigPublished in ABS-CBNnews.com on 03/09/2012
MANILA, Philippines – George Ty-led property developer Federal Land entered into a joint venture with a Japanese company Orix Corp. to develop a $300 million mixed-use facility in Bonifacio Global City, Taguig.
The two companies have formed a new joint venture company Bonifacio Landmark Corp. (BLC) for the new project, which will be located at the northeastern section of Global City. Federal Land and Orix will jointly finance and develop the project.
The new complex, which will have a hotel, prime office and residential condominiums, will be managed by Grand Hyatt Hotels Worldwide. The project will offer 40,000 square meters of premium office units, first-class residential apartments, as well as high-end retail establishments and a 66-storey high luxurious condo hotel.
The Grand Hyatt Hotel is currently being constructed and is set to be completed by 2015.
BLC Chairman Alfred Ty said this project with the Japanese company is a vote of confidence for the Philippines.
“We are delighted to join hands with Orix Corp. once again to develop what could truly become another landmark development in the Philippines. We are very excited with the prospects of this development and to the many contributions it can bring to our tourism industry and the overall economy,” he said.
Ty signed the memorandum of understanding with Orix Corp. chairman Yoshihiko Miyauchi in Tokyo last year, in the presence of President Benigno Aquino III.
This will be the second partnership between the two companies. Federal Land and Orix co-developed The Grand Midori Makati, a two-tower residential community along Legaspi Village, Makati.
Federal Land plans second tower in Bonifacio
By Zinnia B. Dela Peña, Published in The Philippine Star on 2/13/2012
MANILA, Philippines – Following the success of its New York inspired luxury residence Parkwest Tower, Federal Land Inc. is planning to build a second tower within the 10-hectare integrated community in the northern portion of Bonifacio Global City.
The new tower to be called One Bloomberg Place is part of a series of planned cluster condominiums designed for the middle to upper-mid market. This will be followed by the third tower to be called One Liberty Place.
Both towers, each 50-stories high, will make available 896 residential units each.
Parkwest Tower is a 41-story tower that had its pre-selling launch in mid-2011.
Slated for completion by 2015, the project is one of two current developments in Bonifacio North CBD. The other is the $300-million Metrobank/Grand Hyatt project, a mixed-use development comprising premium office floors, a luxury Grand Hyatt Hotel featuring 441 rooms, and first-class branded residential apartments sharing a common podium that will be occupied by high-end retail establishments.
The Metrobank/Grand Hyatt project will have two towers, the first of which will be a 66-story structure envisioned to be the country’s tallest skyscraper. The buildings lower half will be dedicated to office floors for sale or long-term lease while the upper half will be occupied by the Grand Hyatt Hotel.
The second tower consists of a 45-storey first class residential building that will house 248 apartment units with a total saleable area of 39,271 square meters.
The integrated community is a joint venture between Federal Land and Orix Risingsun II, a company controlled by Japan’s Orix Corp.
Federal Land plans second tower in Bonifacio
(By Zinnia B. Dela Pena, Published in Philippine Star on 02/12/2012)
Federal Land Inc. is planning to build a second tower within the 10-hectare integrated community in the northern portion of Bonifacio Global City.
The new tower to be called One Bloomberg Place is part of a series of planned cluster condominiums designed for the middle to upper-mid market. This will be followed by the third tower to be called One Liberty Place. Click here to read more.___________________________________
RLC, Federal Land launch 1st joint venture
(By James A. Loyola, Published in Manila Bulletin on March 8, 2011)
MANILA, Philippines – Two of the biggest developers in the country, Robinsons Land Corporation (RLC) and Federal Land Inc. (FLI), will launch their first joint venture project called Axis Residences in Mandaluyong City. Click here to read more.___________________________________
High-end home security
(Published in The Philippine Star on January 29, 2011)
MANILA, Philippines – Already redefining privileged living standards with everything in quality, luxury and service, The Grand Midori Makati has another symbol of excellence, one that every cosmopolitan homeowner only dreams of — security that can rival or even surpass that of five-star luxury resorts. Click here to read more.