Anchor Land expands project in ‘new Vegas’
Real estate firm Anchor Land firmly believes that the Aseana City in Parañaque will be the next central business district in Metro Manila, its potential is so big that the company decided to do more business in the area. The listed developer has acquired an adjacent prime property measuring nearly two hectares to add to the progressively developing SoleMare Parksuites.
The newly bought property will be part of the company’s SoleMare Parksuites’ Phase 3, touted to be one of Anchor Land’s biggest developments to date.
Through its wholly owned subsidiary Posh Properties Development Corp., Anchor Land bought the additional prime lot from D. M. Wenceslao and Associates Inc., the developer of Aseana City.
“We have always been bullish in this area, particularly in Aseana City, because we recognize its immense potential and the tremendous growth it offers not only to our company but to our clients and investors as well,” said Anchor Land Holdings Inc. (Alhi) vice chair Steve Li.
Aseana City is a 204-hectare reclamation development beside the SM Mall of Asia, in front of the scenic Manila Bay. The mixed-use complex is also poised to become the entertainment capital of Manila, the “new Vegas,” said Li of the Pagcor Entertainment City currently under construction.
“This strategic acquisition will allow us to further expand our best-selling SoleMare Parksuites project, and in the process fast-track the development of the business park into a bustling tourism, leisure and entertainment hub that we envision as the ‘new Vegas’ in the Asia-Pacific region,” he added.
By pursuing the development of SoleMare, the company hopes to sustain the upward trend in property values in the Aseana City and adjoining areas, thus benefiting investors and end-users alike.
SoleMare Parksuites’ prime location between the Mall of Asia and the Pagcor Entertainment City has attracted huge interest not only from local buyers but also from expatriates and overseas Filipinos, especially those who are based in North America and Europe, said company officials.
The expansion of SoleMare Parksuites is triggered by strong demand for “sophisticated yet affordable and high-quality residential condominiums in the area.” The project has also helped Anchor Land develop and nurture a distinct market outside of its established niche in the Filipino-Chinese community.
SoleMare Parksuites is a mixed-use development that features residential, commercial and office units with generous provisions for amenities and recreational spaces. Tower A is already on the process of turning over units to its buyers, said Jun Alano, Anchor Land’s PR officer.
For its third phase, company officials said they are planning a mixed-use development that would take into consideration the site’s proximity to scenic Manila Bay. It would likewise feature more open spaces, bigger amenities and garden areas with sustainable urban design buildings.
Elizabeth Ventura, Alhi vice president for sales and marketing, said that such a big area offers unique development potentials that should provide more comfort, bigger living spaces and unparalleled convenience to its residents.
SoleMare Parksuites also brings shopping and entertainment destinations closer to its future residents.
As part of the Aseana City community, future residents of SoleMare Parksuites can expect the soft opening of the US $750-million casino and gaming resort complex of Belle Corp. on the second quarter of 2012. Located between Roxas Boulevard and Macapagal Avenue, it will make available 19,626 sq m of gaming space as well as six hotel towers with 1,000 rooms by the fourth quarter of 2013, including 86 luxury suites, Anchor Land said in a statement.
On paper, SoleMare Parksuites will feature about four 18-story buildings offering one- to two-bedroom (or combination of these units) fully furnished units. Anchor Land commissioned the country’s best architects to match the strategic location with structurally-appealing units. Solemare Parksuites is also made Wi-Fi ready.
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