ROCKWELL READIES ANGELES DEVELOPMENT
Rockwell Land Corporation (PSE: ROCK) signed a partnership with TGN Realty, a part of the Nepomuceno Group of Companies, to develop a 3.6-hectare mixed-use community in Angeles, Pampanga. Rockwell Land President Nestor Padilla said.
“We are excited to build a new Rockwell community in Pampanga through our Joint Venture with the family behind the successful Nepo Center.”
Bringing the Rockwell signature touch North of Metro Manila, the project will have 3 residential towers complemented by a retail component which is poised to be the Power Plant Mall in Angeles, the first Rockwell mall outside Metro Manila.
Similarly designed to the Rockwell Center in Makati, the residential towers and the mall will be connected via an underground passageway for the community’s convenience.
The new Rockwell residential community is targeted to launch 2 nd half of 2021 and will feature a central clubhouse amenity. Each tower will be 10-15 storeys high with units ranging from 1-bedroom to 3- bedrooms sized 44 sqm to 142 sqm. The residential towers are expected to bring a revenue of Php 6.7 billion.
The Nepomuceno Group of Companies has forays into Education, Utility services and Real Estate.
Their 15-hectare flagship project, the Nepo Center in Angeles City’s central business district, features retail establishments Nepo Mall, Nepo Mart and NewPoint Mall as well as PEZA registered office towers eNtec1 and eNtec2. Future development in the area can boast of improved accessibility with the completion of infrastructure including the expansion of the Clark International Airport and the North-South Commuter Railway that will connect Manila to Clark.