Century Properties Partners With Global Gateway to Fast Track Clark Global City
Pampanga, Philippines—Global Gateway Development Corp. (GGDC) and Century Properties Group Inc. (CPCI) have signed a joint-venture agreement to accelerate the development of the 2.6 hectares of the 177-hectare leasehold within the planned Clark Global City at the Clark Freeport Zone.
This joint venture, which is a first for CPCI in Clark, will develop a mix of residential and office buildings and retail establishments.
“We’re delighted to welcome Century Properties as another key partner in developing the country’s new center of business, life, and innovation,” said GGDC Chairman Dennis Uy. “…By joining forces with the country’s leading local developers, we can sooner unlock the potential of Clark Global City, expand our economy’s capacity, nurture businesses and generate more employment opportunities.”
A former military base, Clark is being transformed into the country’s next major metropolitan area.
“We’re proud of this joint-venture partnership with GGDC and we look forward to sharing our expertise from 33 years in the real estate business and bringing our experience from past successes to this project,” said CPCI CEO Jose Antonio. “[Our company] is one with GGDC’s vision of building a green and efficient model city in the North. Our new project together will certainly make a great addition to Clark Global City’s iconic master plan. We’re very optimistic about the growth of Clark as the country’s premier aerotropolis and we hope this is only the first of a series of projects.”
CPCI is banking on the phenomenal growth of Central Luzon, which has the highest number of occupied housing units; and also Clark, which has emerged as the second largest market for office spaces after Metro Manila.
With 109 hectares, Clark Global City will host top-grade office buildings, up-market retail outlets, contemporary academic centers, sports centers, an urban park, an iconic tower, an integrated resort and casino, and modern support services and amenities.