Arthaland Corp. said is looking at spending P7.4 billion as capital expenditures for the year as the company plans to launch two projects.
The company said it expects to generate P17.5 billion from these two new projects.
To be launched are Eluria, composed of six mid-rise buildings within the follow-on component of Sevina Park, as well as the commercial lots for sale in Sevina Park, according to Jaime González, Arthaland president.
Eluria, Arthaland’s pioneer development in Makati, will be a sustainable luxury residential development in Legazpi Village.
A walking distance from Greenbelt mall, it will have a total gross floor area of approximately 14,600 square meters (sq.m.).
“This ultra low density, multi-certified residential address will offer spacious limited edition designer homes elevated with unsurpassed quality, attention to detail, and exceptional white glove service,” said Gonzalez.
Eluria will be offering 37 residential units with a maximum of two apartments per floor.
“Elevator cabins are designed to open into residents’ personal lobbies to provide utmost security and privacy,” Gonzalez said.
The first tower is scheduled to be launched in the third quarter.
“This will be our flagship project that will expand Arthaland’s horizon and (will) cater to a broader market segment,” said Gonzalez.
The first tower will offer a mix of studio and one-bedroom units and will have a gross floor area of 16,300 sq.m.
The commercial lot to be launched within the Sevina Park is expected to further complement the amenities available to communities within the area.
“Approximately 10,000 sq.m. of land zoned for commercial use will be launched for sale this year while the remaining area of approximately 5,500 sq.m.. will be retained by Arthaland for its own development and use, Gonzalez said.
