Philippine Century Properties Group struck a deal on Oct 31 with Japanese pachinko billionaire Kazuo Okada's group to develop land within the government-owned gaming hub in Manila. The local firm signed a memorandum of agreement with Eagle I Landholdings, the Philippine unit of Okada's Universal Entertainment Corpor
Philippine Century Properties Group struck a deal on Oct 31 with Japanese pachinko billionaire Kazuo Okada's group to develop land within the government-owned gaming hub in Manila.
The local firm signed a memorandum of agreement with Eagle I Landholdings, the Philippine unit of Okada's Universal Entertainment Corporation. This includes Century Properties developing a 5-hectare, residential-retail complex at the 44-hectare Manila Bay Resorts, part of Pagcor's Entertainment City.
A total of 300,000 square meters of gross floor area will be covered upon completion. The luxury property developer's venture with the Japanese casino mogul comes at a crucial time, as Okada is being investigated over bribery allegations.
Century Properties' portfolio includes 21 completed condominium buildings (5,560 units), with a total gross floor area of 669,857 square meters, and is currently managing 50 properties.
It has developed upscale properties, including Essensa East Forbes at the Bonifacio Global City, and has brought international brands by partnering with Hollywood celebrity Paris Hilton for the design of a beach club, the Donald Trump group for Trump Tower, and Versace for the interior design of Milano Residences.