Rockwell LandRockwell Land Corporation, at its annual stockholders’ meeting on June 30, 2021, announced plans to expand its presence with the launch of two new flagship projects in Angeles, Pampanga and in Bacolod.
Rockwell Center Nepo, Angeles is a 3.6-hectare joint venture with the Nepomuceno family.
“We are excited to be part of the skyline of Angeles, Pampanga. Once the project is completed, the community will feature four mid-rise residential buildings and its very own Power Plant Mall,” said Rockwell Land president and CEO Nestor J. Padilla.
The P8.5-billion development will begin this July with its first tower, The Manansala.
After Nara Residences in 2019, the company is further expanding its footprint in Negros with Rockwell Center Bacolod. Twice the size of the first Rockwell Center in Makati, it will be a 30-hectare master-planned development with the vision of becoming the Bacolodnons’ top choice for a holistic community with commercial centers, residential spaces and lifestyle and leisure areas. The first phase consisting of the commercial lots is scheduled to commence by year-end and is expected to bring in P1.4 billion in revenues.
Rockwell Land also disclosed the launches of other major projects this year, including Sillion Building at 32 Sanson in Cebu; The Villas at Aruga Resort and Residences-Mactan Phase 2; Terreno South Phase 3 in Lipa, Batangas; Nara Residences Lots in Bacolod; The Arton East Tower in Katipunan, Quezon City; and The Balmori in Rockwell Center, Makati.
“We will always hold tight to our vision of creating beyond ordinary communities amidst any situation,” Padilla said. “We remain optimistic to launch several projects, especially with the continued trust our clients have given our brand after seeing how we all handled the first year of the crisis.”
Rockwell Land posted a net income after tax (NIAT) to parent of P1.08 billion in 2020, a 63% decline from the previous year, with consolidated revenues reaching P10.7 billion. However, its performance in the first half of 2021 already exceeded the results of full year 2020 with NIAT to parent reaching P1.2 billion.