Upscale property developer Arthaland Corp. has adopted a land acquisition strategy to ensure a pipeline of projects over the next 10 to 15 years.
Arthaland vice chairman and president Jaime C. Gonzalez said the company is on the lookout for new acquisitions following the success of its recent capital raising exercises.
“We are in the process of acquiring two multi-hectare properties that we plan to develop in multiple phases over a 10 to 15-yeara,” Arthaland executive vice president Christopher Narciso said.
One relates to a 3.6-hectare property the business dubbed Project Olive at the entry to one of the most prime central business districts in Metro Manila and the other a five-hectare property in Southern Philippines, he said.
Arthaland is also acquiring properties for single and dual-tower projects in Metro Manila.
The business has taken a cautious stance on new commercial development near-term until it has a better understanding of the full effect of such trends as hybrid or remote work protocols and artificial intelligence on demand for office space, Narciso said.
He noted residential segment demand remains strong consistent with the country’s continued economic growth and the fundamental need for housing among Filipinos.
This is why its line-up of new projects is largely composed of residential development in high-growth urban areas, said Gonzalez.
Aside from upscale residential development, he said Arthaland has made a strategic decision to enter the broader mid-market segment.
“We believe that access to world-class, sustainable products should be for everyone and should not be limited to the luxury and upscale market segments,” Narciso said.
“In executing our plans to enter the mid-market segment, we ensure that we maintain our leading presence in the luxury and upscale segments and that we design our product offerings with the same quality and sustainability standards for which Arthaland is known.
“To note, our on-going residential projects are well-represented across all market segments: Eluria in the luxury segment, Lucima in the upscale segment and Una Apartments in the broader mid-market segment.
“By doing so, we will have wider sources of demand. In turn, this will result in a more diversified portfolio of projects that will provide better returns on a risk-adjusted basis,” Gonzalez said.
