By Richmond S. Mercurio (The
Philippine Star) | Updated February 2, 2015 - 12:00am
MANILA, Philippines - Mid-sized
property developer Primex Realty Corp. is planning to beef up its business this
year as it scouts for possible acquisitions and joint venture deals.
The company, with its mission to
develop world-class residential and commercial projects targeting the high-end
and middle-class markets, said it seeks to strengthen its position as one of
the top mid-sized real estate developers in the country.
Karlvin L. Ang, Primex Group managing
director, said Primex will embark on a more aggressive company development and
progress starting this year.
“We are strongly encouraged by the
local and foreign investors given the strengthening of the local real estate
industry,” Ang said.
“We are keeping ourselves open to
opportunities for joint ventures, acquisitions, and capital enhancement
exercises at the soonest possible time,” he added.
Ang said the company recently
topped-off its 31-story residential condominium project in Salcedo Village,
Makati.
Called The Stratosphere, the upscale
project will offer a total of 336 residential units with floor areas ranging
from 25 to 201 square meters.
The tower will also have a commercial
area for shopping, dining, and entertainment once it opens by the last month of
the year.
Primex Realty is behind horizontal
developments such as the Goldendale Village, Goldendale II, and Gardenville
Townhomes in Malabon City, and The Richdale in Antipolo City.
Its vertical developments, meanwhile,
include the Richbelt Terraces in Greenhills, Greenrich Mansion in Ortigas
Center, and the Chantreuse Garden and the Philippine International Trade Center
office building in Makati City.
“Each of these has matured and
gradually grown into distinct. These projects are now an integral part of the
landscape in the key areas of the metropolis,” Ang said.
Primex Realty is a member of the
Primex Group of Companies, a conglomerate owned and controlled by the Ang
family.
The Primex Group also has a joint
venture project known as the Xiamen World Trade Center, a mixed-use development
sitting on a two-hectare property in Xiamen, China.
The facility is home to global retail
giants such as Walmart and Printemps Department Store.
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