News

Ty’s Federal Land, Orix to develop $300M complex in Taguig

Published in ABS-CBNnews.com on 03/09/2012

MANILA, Philippines – George Ty-led property developer Federal Land entered into a joint venture with a Japanese company Orix Corp. to develop a $300 million mixed-use facility in Bonifacio Global City, Taguig.

The two companies have formed a new joint venture company Bonifacio Landmark Corp. (BLC) for the new project, which will be located at the northeastern section of Global City. Federal Land and Orix will jointly finance and develop the project.

The new complex, which will have a hotel, prime office and residential condominiums, will be managed by Grand Hyatt Hotels Worldwide. The project will offer 40,000 square meters of premium office units, first-class residential apartments, as well as high-end retail establishments and a 66-storey high luxurious condo hotel.

The Grand Hyatt Hotel is currently being constructed and is set to be completed by 2015.

BLC Chairman Alfred Ty said this project with the Japanese company is a vote of confidence for the Philippines.

“We are delighted to join hands with Orix Corp. once again to develop what could truly become another landmark development in the Philippines. We are very excited with the prospects of this development and to the many contributions it can bring to our tourism industry and the overall economy,” he said.

Ty signed the memorandum of understanding with Orix Corp. chairman Yoshihiko Miyauchi in Tokyo last year, in the presence of President Benigno Aquino III.

This will be the second partnership between the two companies. Federal Land and Orix co-developed The Grand Midori Makati, a two-tower residential community along Legaspi Village, Makati.

_________________

Federal Land plans second tower in Bonifacio

By Zinnia B. Dela Peña, Published in The Philippine Star on 2/13/2012

MANILA, Philippines – Following the success of its New York inspired luxury residence Parkwest Tower, Federal Land Inc. is planning to build a second tower within the 10-hectare integrated community in the northern portion of Bonifacio Global City.

The new tower to be called One Bloomberg Place is part of a series of planned cluster condominiums designed for the middle to upper-mid market. This will be followed by the third tower to be called One Liberty Place.

Both towers, each 50-stories high, will make available 896 residential units each.

Parkwest Tower is a 41-story tower that had its pre-selling launch in mid-2011.

Slated for completion by 2015, the project is one of two current developments in Bonifacio North CBD. The other is the $300-million Metrobank/Grand Hyatt project, a mixed-use development comprising premium office floors, a luxury Grand Hyatt Hotel featuring 441 rooms, and first-class branded residential apartments sharing a common podium that will be occupied by high-end retail establishments.

The Metrobank/Grand Hyatt project will have two towers, the first of which will be a 66-story structure envisioned to be the country’s tallest skyscraper. The buildings lower half will be dedicated to office floors for sale or long-term lease while the upper half will be occupied by the Grand Hyatt Hotel.

The second tower consists of a 45-storey first class residential building that will house 248 apartment units with a total saleable area of 39,271 square meters.

The integrated community is a joint venture between Federal Land and Orix Risingsun II, a company controlled by Japan’s Orix Corp.

________________

The Big Apple life at the Park West

Published in The Philippine Star on December 10, 2011

MANILA, Philippines – The most anticipated development has arrived. Federal Land Inc. recently held its groundbreaking ceremony for Park West, marking the realization of its most ambitious, exciting and much-awaited project at Fort Bonifacio.

“This is certainly one of the most anticipated projects of Federal Land,” revealed Federal Land president Alfred V. Ty. “For years now, our prospective clients and referral partners had been bombarding our sales team with queries on when our Fort Bonifacio project will be available for take up. After years of careful planning, it’s finally here.”

Park West brings the thrill of the New York Big Apple to Manila, and only a privileged few will experience its elegance, larger-than-life culture and its cosmopolitan vibe. Like New York, Park West shall become the aspirational destination, the paragon of the so-called “American Dream.”

The synergy of architect Bong Recio, Ariane Steinbeck of Gettys Chicago, HOK (US), and the property development mavens of Federal Land is evident in the development’s stunning architecture and unparalleled attention to details. Park West is the culmination of a masterplan, an ingenious application of design elements and principles as well as the sumptuous decors that’s geared towards the satisfaction of a discriminating market.

“Back then, we can only guess the scale of market reception,” Ty adds. “But we knew we had a good product. Results indeed have been spectacular for Park West. Wing-A units are already fully wiped-out. The much-awaited Penthouse and Wing-B units, on the other hand, are now open for reservation. ”

Anchored on the sophistication of the New York lifestyle, Park West has deliberately been designed and executed with elegance as its core concept. From the dramatic lobbies to its stylish interiors, Park West speaks of luxury at its finest. Its piece de resistance is the exclusive gateway to Grand Hyatt Manila, the first luxury business hotel in Manila. Grand Hyatt hotels are located in key cities around the world such as New York, Hong Kong, Macau, Tokyo, San Francisco, Beijing, Shanghai and Berlin. The presence of Grand Hyatt in Manila, with Federal Land behind this remarkable undertaking, elevates the country to the same standing as these sought-after destinations.

Park West offers spacious one-bedroom, two-bedroom and three-bedroom units with tasteful furnishings and finishes. All units are fitted with a balcony, which affords an expansive view of the cityscape and beyond. In the podium area, villa-type units are available for discerning clients who put high value on privacy and exclusivity. This elite crop of villa owners will enjoy direct access and first-hand view of the amenity deck.

The amenities are nothing short of exquisite. The influences for the designs were derived from popular luxury resorts around the globe. The jewel of the deck is the infinity pool, which is flanked by the lounge and al fresco dining area. Residents can also take advantage of other exclusive facilities such as the function rooms, multi-purpose halls, game room, tiara room, gym and business center.

Ty also shared that Park West will occupy the last hectare-wide area in Fort Bonifacio that is allotted for township development. It boasts modern infrastructure such as redundant powerline distribution systems, and an underground cable system capable of full fiber optic line.

“Our site is more strategic because it bears two addresses. Infrastructure-wise, this only means that you get to enjoy two powerline distribution systems, Makati and Taguig, which help ensure 24/7 continued power supply. The development’s location also allows you to enjoy the best of both worlds — with its proximity to Makati and Fort Bonifacio CBDs giving residents the opportunity to reach their business destinations faster. It also allows them to enjoy quality bonding time with the family,” adds Ty.

One can experience the best of dual address when at Park West Fort Bonifacio, Taguig; extending the other arm to your left allows you to reach Makati already. “That’s how close Park West is to both places,” he adds.

Park West is conveniently located along 7th Avenue in Fort Bonifacio Global City and is within close proximity to St. Luke’s Medical Center, S&R, MC Home Depot, and premier educational institutions such as the British School Manila, Manila Japanese School and International School Manila and the world-renowned Lexus showroom.

________________

Park West: A New York inspired home at The Fort

 Published in Manila Bulletin on October 11, 2011

MANILA, Philippines — Federal Land, Inc., developer of Grand Hyatt Hotel Manila, brings to The Fort the elegance, prestige and opulence of the New York lifestyle through Park West.

A luxury residential project with a New York-inspired theme, this new address will be marked with cozy interiors, and units or residential suites possessing a unique blend of hotel and commercial amenities designed for convenience.

Luxurious address. A resident gets to enjoy a New York-inspired residence with access to the Grand Hyatt Hotel Manila, a six-star landmark hotel brought by the collaboration of Federal Land and Hyatt Hotels Corporation. It also gives them ownership of a prestigious address at the new and fast growing Central Business District of Bonifacio Global City. And since Park West is inspired by the stunning architecture, grand lobbies and sublime designs of the Grand Hyatt, the luxury address is also a major example of modern architecture.

Convenient location. This condominium project is situated in the same complex as the Grand Hyatt Hotel. It is also located near educational establishments, restaurants, bars, offices and boutiques at The Fort Strip and the Bonifacio High Street; commercial establishments such as S&R and MC Home Depot; and the world-class St. Luke’s Medical Center Global City.

Hotel amenities. It guarantees comfort by providing luxurious amenities. These are: an adult and children’s pools, a fitness gym, a game room, a day care center, a tiara room, an outdoor children’s play area, a multi-purpose function room, a landscaped garden area/ view garden deck at podium, a reflexology and jogging path, a veranda lounge, and a pool bar / lounge.

Convenience and services. The project has a spacious and well-designed high-ceilinged ground floor, a branded lobby, an elegant and secure drop-off area, four high-speed elevators for residential unit owners, two passenger elevators for commercial use, a mail room, and a centralized sanitary disposal system.

Safety and security. To ensure the safety and security of its residents, this project maintains a stand-by power generator in common areas and residential units, a semi-addressable fire detection and alarm system, and a 24-hour security and building maintenance.

Park West is a project of Federal Land, Inc., the real estate arm of the Metrobank Group.

_________________

Eight Inspirations. One Passion for Perfection

Published in Philippine Daily Inquirer on August 10, 2011

Park West Fort Bonifacio CondominiumFor more information and inquiry about Park West, please see Inquiry.

__________________________

Hotel with a view to the future

By Paulo Alcazaren; Published in The Philippine Star on April 16, 2011

Philippine tourism is taking off. One of the signs that point to an upward swing in this potential economic goldmine is the number of hotels being planned, or currently being built all around the metropolis. One that is surely going to stand out (and stand tall) is the Grand Hyatt Manila. At 66 stories in total height, and containing 10,000 square meters on a 1.5-hectare site, the hotel will be one of the largest in Metro Manila.

Size does count in the hotel business but the Grand Hyatt Manila is not just going to be grand in room size and height but more importantly, grand in amenities and in luxury. This distinction was sought after by the project’s chief proponent, Federal Land Inc., the real estate arm of the Metrobank Group of Companies.

I was at the launch of the project recently. The site is in Bonifacio Global City, at the cusp of Makati and Taguig. The location, in fact, is about the highest in the metropolis and this will give future hotel guests (in the upper half of the tower) an amazing panorama of the city, the beautiful Manila Bay and vistas as far as Laguna, Cavite and Antipolo.

The launch was hosted by Alfred Ty, chairman and president of Federal Land Inc. He was brimming with optimism as I greeted him at the foot of the deep excavation that will be the basement of the complex’s podium. He explained to me and other guests that the podium’s six floors above ground will house the hotel’s reception and ballroom while the next two levels will have restaurants and the expansive pool deck. The eighth to the 30th or so levels will contain financial and corporate offices and the rest — all the way to the penthouse restaurant would be the hotel rooms and suites.

Of course, Ty did not need to explain all this to me. I was in attendance at the launch wearing two hats, the first as a columnist for the STAR and the second as the project’s landscape architect (I’m designing the landscaped deck, swimming pools, al fresco dining areas and all the outdoor amenities). I am privileged to join a top-notch consultant team that includes Meloy Casas of Casas Associates, whose architectural firm is collaborating with Wong & Ouyang of Hong Kong and the British engineering firm Ove Arup.

The grand unveiling of the huge scale model of the hotel was led by George Ty, chairman of the Metrobank Group of Companies, with the main guest of honor, President Noynoy Aquino. The president congratulated the Tys and the Metrobank family for this much-appreciated contribution to his administration’s tourism effort and for attracting investors to the country. He said that tourism is bringing with it thousands of jobs in an emerging industry which, until now, has remained untapped for its full potential.

Attesting to the fact that we are on the verge of getting into the center of tourism universe was Secretary Bertie Lim, who boasted several dozen new hotels being planned or rising in the country. I explained to him that the Grand Hyatt Manila is envisioned not just as a hotel for tourists and business visitors but a destination in itself, with its elevated vistas of the city and the countryside, its five-star restaurants and a ballroom and MICE (meetings, incentives, conferences, exhibits) amenities.

Other guests at the affair were representatives of Hyatt International led by Gary Kwok, vice president of Hotel Finance; David Udell Sr., vice president of operations; Francisco Sebastian, vice chairman of Grand Hyatt Manila. Also present were Richard Gordon, chairman, Philippine Red Cross; Liu Jianchao, Chinese Ambasador to the Philippines; Lani Cayetano, mayor of Taguig; Senator Edgardo Angara; and Aloysius Santos, chairman, Bases Conversion & Development Authority (BCDA).

The Hyatt officials assured guests at the launch that the new Grand Hyatt Manila is not going to be “just another ordinary hotel.” It would be a “triple-wow development with 5aces, the signature elements of Grand Hyatt, which include dramatic and energetic lobby elements, innovative dining options, state-of-the-art technology, spa and fitness centers and comprehensive business and meeting facilites.”

Although I had seen it before, the model of the Grand Hyatt Manila still wowed me as it is huge, fueling the anticipation for the reality that’s going to be a few years from now. The hotel’s location at Global City is another wow as this makes it just a few minutes ride to the international airport and to both EDSA and C5, from where guests can travel to points north and south.

The hotel and its proponents definitely have a view to the future. It is poised, in fact, to become the metropolis’ main landmark, a nexus of business and social activity and a key hub of the country’s tourism compass.

___________________________________

66-story Grand Hyatt Hotel project launched at Fort Bonifacio

Published in Manila Bulletin on March 25, 2011

MANILA, Philippines – Federal Land Inc., one of the most trusted real estate developers in the Philippines, launched Thursday a large-scale landmark development through the formal project unveiling of The Grand Hyatt Hotel at the New Central Business District of Bonifacio Global City in Taguig.

Rising on an expansive 1.5 hectare of prime land, this development promises to be the first and only premium- category hotel in the country that will further enhance the cosmopolitan reputation of The Fort’s New Central Business District. Upon completion, it will also become one of the tallest and biggest mixed- used buildings in the country.

At 66 storeys high and being 100,000 square meters above ground, The Grand Hyatt Hotel will be comparable to the iconic structures of modern countries and cities like the US, Shanghai, Taipei, Hong Kong, and Japan. The first six floors shall house the hotel podium and ballroom, while Grade A Financial and corporate offices will occupy the 8th to the 30th floors. The new development will also offer premium facilities and services, with the luxury suites and other hotel amenities to be housed from the 30th to the penthouse levels.

President Benigno S. Aquino III was the guest of Honor and Keynote Speaker in this momentous occasion, where he discussed his administration’s support for investments in the country’s flourishing real estate and tourism indutries.

President Aquino was joined by City of Taguig Mayor Lani Cayetano, Department of Tourism Secretary Alberto Lim, Metrobank Group Chairman Dr. George S.K. Ty, Grand Hyatt Manila Chairman Alfred V. Ty, and Grandt Hyatt Manila Vice – Chairman Francisco C. Sebastian.

The uneiling of The Grand Hyatt Hotel is seen to help boost the Philippines’ image and add prestige to its business environment that is currently experiencing robust growth.

Its completion will likewise serve as a clear manifestation of investor confidence in the country, specifically in the aspects of tourism and finance. This confidence also reiterates the country’s positioning as a haven for safety and security.

From another ordinary hotel, The Grant Hyatt Hotel will be triple WOW hospitality development with 5 aces, the signature elements of Grand Hyatt, which include dramatic and energetic lobby environments, innovative dining options, state of the art technology, spa and fitness centers and comprehensive business and meeting facilities.

In terms of advancement and innovations, the project will enable technology transfer and present to neighboring countries the Philippines’ position as a destination for 6 star accommodation facility. The Grand Hyatt Hotel is designed by renowned architectural firm of Wong & Ouyang HK, with Casas Architects and British firm Ove Arup as the structural designer.

________________________

Federal Land allots $300M for Grand Hyatt Hotel in Global City 

By Zinnia B. Dela Peña; Published in The Philippine Star on March 25, 2011

MANILA, Philippines – Federal Land, the property arm of tycoon George S.K. Ty’s Metrobank Group, is spending $300 million to build the 66-story Grand Hyatt Hotel to form part of a large scale mixed-use complex in the northeastern part of Bonifacio Global City.

In an interview during Grand Hyatt’s groundbreaking ceremony yesterday, Federal Land president Alfred Ty said the iconic structure will rise on a 1.5-hectare prime lot to be managed by the Hyatt Group, a leading global hospitality firm.

Grand Hyatt Hotel is touted to become one of the tallest and biggest mixed-use buildings in the country when completed in 2014. It will house 400 rooms and provide 40,000 square meters of premium grade office space.

The first six floors of Grand Hyatt will house the hotel podium and ballroom while Grade A financial and corporate offices will occupy the 8th to the 30th floors. Luxury suites and other hotel amenities will occupy the 30th to the penthouse levels.

Ty said Grand Hyatt Hotel, which will offer premium facilities to meet the discriminating taste of sophisticated travellers and businessmen, is expected to boost the country’s tourism prospects and provide quality jobs to qualified Filipinos.

Gary Kwok, vice-president for hotel finance at Hyatt International, said Grand Hyatt Hotel will be a grand hospitality development with five aces, the signature elements of Grand Hyatt. These are the dramatic lobbies, innovative dining options, state-of-the-art technology, distinctive spa and fitness centers, and comprehensive business and meeting facilities.

He added that he sees huge potential in luxury tourism in the Philippines.

The Hyatt Group develops branded hotels, resorts and residential and vacation ownership properties around the world under the Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place and Hyatt Summerfield Suites brand names. As of Dec. 31, 2010, the company’s worldwide portfolio consisted of 453 properties.

Grand Hyatt will cover the 10.4-hectare property in Bonifacio Global City owned by financial services giant Metrobank and the state-run Bases Conversion Development Authority’s two lots totaling 15.3 hectares.

Federal Land more than doubled its net earnings last year to P435 million while its net sales slightly went up to P2.18 billion.

As of end-December last year, Federal Land’s total asset base reached P16.37 billion compared with P12.16 billion in 2009.

For more information and inquiry about Park West, please see Inquiry.