Rockwell bullish on sustained growth

Richmond Mercurio - The Philippine Star
Rockwell bullish on sustained growth
Rockwell chairman and chief executive officer Nestor Padilla said the company’s 500 hectares of land bank are seen generating a revenue increase for the company in the next five years.
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MANILA, Philippines — Lopez-owned property developer Rockwell Land Corp. expects sustained topline improvement over the next five years with new projects and an expanded land bank supporting its projected growth.

Rockwell chairman and chief executive officer Nestor Padilla said the company’s 500 hectares of land bank are seen generating a revenue increase for the company in the next five years.

“We are elated to have entered 2024 with land bank totaling to 500 hectares, five times more than five years ago,” Padilla said.

“We want our next five years to be the best. We hit the ground rolling with our geographic expansion and land banking, projected to give us revenue growth until 2028,” he said.

Padilla said over 90 percent of Rockwell’s land bank is located in the key cities of Pampanga, Laguna, Batangas and Bulacan.

“Our current presence in these strategic sites has given us the optimism to develop more products, allowing us to excite our core market with new offerings to complement their lifestyle,” he said.

Rockwell aims to launch three new horizontal developments this year.

These include a new 100-hectare neighborhood in San Jose del Monte, Bulacan called The Samanean at Paradise Farms.

The project is designed to provide a hillside escape and wellness retreat for its future residents.

“A nature-inspired community awaits in our first venture in the thriving province of Bulacan with over 100 hectares. Launching in the third quarter of this year, future residents of the first phase can invest in 250 to 300-square-meter lots amidst sprawling landscapes and rolling terrains,” Padilla said.

Another upcoming project for the company is a 63-hectare mixed-use development in Lipa, Batangas in partnership with General Milling Corp.

“It shows a strong potential to be a Rockwell Center mixed-used community in the Calabarzon region, especially with the completion of a 38-meter-wide bypass road that provides direct access to the development,” Padilla said.

Rockwell will also develop a 38-hectare residential development with a hotel concept in Lipa called Lauan Ridges.

“Another exclusive community to launch in Lipa boasts of panoramic views of the Taal Lake. Within its 38-hectare expanse are residential lots and a unique hotel concept that will be a respite from the busy metro, only 1.5 hours away,” Padilla said.

Rockwell Land president and COO Valerie Soliven said the company anticipates significant progress in the provinces moving forward.

“Our commitment to provincial development remains steadfast, as evidenced by our ongoing expansion and development efforts in provincial areas,” she said.

Last year, Soliven said Rockwell saw promising growth in provincial revenue amounting to P4 billion, which was largely attributed to its projects in Southern Luzon and Central Visayas.

“With projects underway in Bulacan, Pampanga, Batangas and the Visayas, we anticipate significant increases in provincial revenue in the coming periods,” she said.

In the first quarter, Rockwell reported a net income of P734 million, up 22 percent year-on-year as revenues rose to P3.88 billion.

“As we look ahead to 2024, Rockwell Land remains poised for continued success. Anchored by financial stability, a culture of innovation, and a focus on customer satisfaction, we are primed to seize emerging prospects and establish our prominence in the real estate sector,’’ Soliven said.

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