Listed real estate developer Century Properties Group Inc. has partnered with Asian Carmakers Corporation (ACC) to develop a two-tower commercial project in Bonifacio Global City this year.
ACC, owned by Jose Ch. Alvarez, is the lessee of the property bounded by 3rd and 4th Avenues and 27th streets in Fort Bonifacio Global City, Taguig. The lot is owned by AFP-MBAI, Century Properties noted in a statement Monday.
CPGI chairman Jose E.B. Antonio said the company will form a new corporation with ACC to construct two towers—one for commercial offices and the other for a hotel—with an expected gross floor area of 30,000 square meters.