By Richmond S. Mercurio (The
Philippine Star) | Updated March 10, 2015 - 12:00am
MANILA, Philippines - Upscale
developer Century Properties Group Inc. is keen on acquiring more shares in the
firm that owns the Pacific Star Building in Makati City, the company’s top
official said.
In an interview, Century Properties
chairman Jose Antonio told The STAR that the company is interested in hiking
further its 50 percent stake in the low-rise tower located at the corner of
Sen. Gil J. Puyat and Makati Avenue.
“Yes we are looking to increase our
stake if it is for sale. We are looking at any available units,” Antonio said.
He said the company is also keen on
even extending its ownership to Pacific Star’s high-rise tower, the structure
situated just beside the low-rise building, if it would be offered for sale.
The listed property firm controlled by
the Antonio family acquired last year a 50-percent stake in the company that
owns the low-rise tower of Pacific Star Building in a move to diversify its
revenue streams and expand its commercial portfolio.
“Right now, we’re redeveloping the
low-rise tower,” Antonio said.
The Pacific Star Building is a
20-year-old office building and a landmark in the Makati central business
district. It consists of a 29-story structure and a six-story low-rise
building.
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