Century Properties Group (CPG) has teamed up with Indonesian conglomerate Bakrie to develop three master-planned estates in the Philippines—a Media City, a Sports City, and a Technology Corridor—in a bid to strengthen the tourism and media technology sectors of both the Philippines and Indonesia.
The agreement sets the stage for a mutual sharing of resources, from allocating capital investments to the exchange of expertise and skills to embark on these projects.
Revolution Precrafted Properties Ltd., a real estate technology startup founded by its chief executive officer Robbie Antonio —son of CPG chair and founder Jose Antonio—forged the cooperation between CPG and Bakrie Global to conceptualize and support the Media City, Sports City as well as the Tech Corridor, a statement said.
The memorandum of understanding among the parties was signed on April 28 on the sidelines of the Association of Southeast Asian Nations Summit.