Uy, Antonio’s partner for Clark Global City development

MANILA, Philippines — Davao-based businessman Dennis Uy and the Antonio family have partnered for a joint venture that would develop a portion of Uy’s 177-hectare Clark Global City in Pampanga.

Global Gateway Development Corp. (GGDC) and Century Properties Group Inc. signed a memorandum of agreement last week to develop 2.6 hectares of the 177-hectare Clark Global City.

The joint venture will develop the 2.6-hectare into a mix of residential and office buildings.

Uy, chairman of GGDC, said the partnership with the Antonio family would help fasttrack the development of Clark Global City.

“We are delighted to welcome Century Properties as another key partner in developing the country’s new center of business, life and innovation,” Uy said.

He said that by joining forces with the country’s leading local developers, GGDC could unlock the potential of Clark Global City sooner, nurture businesses and generate more employment opportunities.

According to the agreement, the joint venture would develop a mix of residential and office buildings with support retail establishments.

The joint venture marks Century Properties’ first development in Clark, a former military base currently being transformed into the country’s next big metropolis and primed as the answer to Metro Manila’s congestion.

Century Properties chairman and CEO Jose Antonio said they are ready to bring their expertise to the joint venture.

“We are proud of this joint-venture partnership with GGDC and we look forward to sharing our expertise from 33 years in the real estate business and bringing our experience from past successes to this project,” Antonio said.

Antonio said Century Properties is banking on the phenomenal growth of Central Luzon, which has the highest number of occupied housing units; and also Clark, which has emerged as the second largest market for office after Metro Manila.

“We believe in the vision for Clark Global City as the premiere address in the north,” he said.

For instance, he noted that massive infrastructure projects are underway to make Clark connected and highly accessible.