Revitalizing the metro through prime devt’s
It took a shot and bucked the odds then, but upscale developer Anchor Land Holdings is now clearly reaping the benefits, as seen in its stellar performance and strong presence in the market over the past decade.
With a strategy that brought to the fore the overlooked and underserved markets in the metro, Anchor Land was able to spearhead the revitalization of old districts and the creation of new and bustling growth centers, where it now enjoys a solid foothold.
“As a result, Anchor Land has been able to establish virtual strongholds in several up and coming markets where it either pioneered new developments or helped revive old business districts that other industry players chose to ignore,” the company said in a disclosure to the local bourse earlier this month.
“Examples of these strongholds and rejuvenated business districts include Manila’s Chinatown, the Divisoria shopping center, Roxas Boulevard, and the Entertainment City hub along Manila Bay where Anchor Land has the most number of ongoing and completed projects,” the regulatory filing further stated.
Add to this strategy was the company’s move to diversify into new segments, enabling it to build its financial muscle.
According to the same disclosure, Anchor Land’s projects include upscale residential condo-miniums, bedspacing facilities, warehousing and logistics hubs, office space developments, a built-to-suit commercial development, and, soon, resort hotels in prime tourist destinations.
And it clearly worked as Anchor Land was able to sustain its profitability for 11 consecutive years since its public listing.
In 2018, Anchor Land posted a 13 percent hike in net income to P700 million year on year, while its revenues rose to P6.4 billion for the same period due primarily to the 65-percent surge in rental income.
In the first three months of 2019, Anchor Land posted a 22 percent hike in consolidated net income to P124.62 million compared to the same period last year. Real estate sales, which accounted for 79 percent of the Group’s total revenues, rose by 25 percent due primarily to the continuing sale and/or the construction of Admiral Baysuites, Admiral Grandsuites and the Anchor Grandsuites.
New projects under construction, which include Copeton Baysuites, 202 Peaklane and 8 Alonzo Parksuites, also contributed to the revenue growth for the period.
“Anchor Land’s solid financial muscle bodes well for the company’s push into new developments that should strengthen its position in the markets it currently dominates and where it almost single-handedly revitalized in the process creating new and viable central business districts and enclaves. Examples of these new growth centers include Manila’s Chinatown where (Anchor Land) has completed or is in the process of starting a total of 10 developments both commercial and residential,” Stephen Lee Keng, chairman of the board at Anchor Land Holdings, was quoted in the same regulatory filing as saying.
“Anchor Land has also become one of the dominant players in the Entertainment City hub off Manila Bay where it has five ongoing and completed projects, as well as along a stretch of Roxas Blvd. where it has a portfolio of another three projects. This is a strong indication that the company has been actively seeking more opportunities to take advantage of a robust real estate market with the end in view of enhancing shareholder value even more and attaining industry leadership in the years to come,” he further reported.
Bay Area presence
Anchor Land is indeed one of the pioneer residential developer in the Bay City. Its first luxury property in the area was the Solemare Parksuites, an 18-storey, four-tower residential property offering premium quality lifestyle with its high-end amenities and strategic location.
Given the success of Solemare, Anchor Land went on to develop the 17-storey, four-tower Monarch Parksuites that offers an atmosphere of opulence and comfort with its classic Dutch architectural design, followed by the three-tower Copeton Baysuites, an ultra-luxurious residential enclave that will offer five-star amenities at par with world-class hotels.
Located between City of Dreams and the upcoming Ayala Mall, the 16-storey Copeton Baysuites is masterplanned to be an ultra-luxurious project, with its three towers to be equipped with sustainable, green features, thus putting a premium on your home.
Copeton Baysuites— named after Copeton Mine, a popular quarry where the hardest and the most precious diamonds can be harvested—was designed to match the extravagant lifestyle of Bay City. Here, one can revel in an opulent living space within a self-contained community where every need and luxury is well within reach—be it for business, retail or leisure.
Add to that the host of amenities offering a modern, holistic lifestyle for future residents. Such amenities include 25-meter lap pools, function halls, mini-theater rooms and karaoke rooms, fitness gyms, outdoor children’s play areas, game rooms, deck seating areas, outdoor lounges, and viewing decks.
Other projects in the Bay
Apart from its upscale residential condos, the company is also putting up the two-tower Anchor Land Corporate Center, which is LEED pre-certified Gold. With its top grade office spaces and sustainable features, this project in the Bay City aims to provide a conducive environment that will espouse a healthy, holistic work-life balance.
The Baylife Venue meanwhile is regarded as Anchor Land’s first foray in the tourism and leisure segment in the Bay City. It also houses what is claimed to be the country’s biggest Chinese seafood restaurant in terms of seating capacity and product offering.
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