Listed property developer Century Properties Group, Inc. has completed Centuria Medical Makati and is starting unit turnovers to tenants, in line with its thrust of building its commercial leasing portfolio and diversifying its recurring income revenue streams.

The US$100-million modern outpatient medical-IT facility at Century City in Kalayaan Avenue, Makati stands 28 storeys and has close to 700 clinics and office suites that will accommodate doctors of various outpatient medical practices.

Support facilities include a diagnostic laboratory to be operated by Hi-Precision Diagnostics, a hospital-grade Day Surgery Center and Recovery Suites. Centuria also has 18 commercial spaces for dining, wellness and pharmacy outlets.

Centuria’s opening is targeted in 2015 after doctors and tenants complete unit fit outs. The building will be equipped with IT capabilities for the convenience of doctors and patients, as well as a trained medical concierge staff for locals and medical tourists.

“We are in the midst of a tremendous growth opportunity for health care and medical tourism. Centuria will address the need for facilities that will take these sunrise industries to the next level in the Philippines,” said Century Properties chairman Jose E.B. Antonio.

He added that “this medical facility is also an important component to our strategy of having a complete, integrated community at Century City, where you just don’t have offices, high rise residences and a retail mall but also a modern outpatient healthcare facility.”

Launched in 2010, Centuria is the second project to be completed by Century Properties in 2014 under its growing recurring income portfolio. In March 2014, the company opened the 50,000-square meter Century City Mall, right in front of Centuria, with about 110 retail tenants, including four cinemas and a Rustan’s Supermarket.

“The year 2014 is significant period for Century as it marked the completion of our first two commercial developments from the year we became listed in 2012. We also completed a residential building in Azure Urban Resort Residences and the Paris Beach Club this year,” said Century Properties’ director for Investor Relations Kristina Garcia.

The project also forms part of Century Properties’ pipeline of residential, commercial, and office developments. From its listing in 2012 up to 2019, Century targets the completion of a total of 31 buildings.

Property developer Century Properties Group Inc. said it completed the construction of Centuria Medical Makati, a $100-million outpatient IT-medical arts building at the Century City in Makati.

Century Properties in a statement said it was ready to turn over the units in the 28-story building that has close to 700 clinics and office suites that will accommodate doctors of various outpatient medical practices.

Support facilities include a diagnostic laboratory to be operated by Hi-Precision Diagnostics, a hospital-grade Day Surgery Center and Recovery Suites.

Centuria will also have 18 commercial spaces for dining, wellness and pharmacy outlets.

Centuria’s opening is targeted by early 2015 after doctors and tenants complete unit fit outs.

The building will be equipped with IT capabilities for the convenience of doctors and patients, as well as a trained medical concierge staff for locals and medical tourists.

“We are in the midst of a tremendous growth opportunity for health care and medical tourism. Centuria will address the need for facilities that will take these sunrise industries to the next level in the Philippines,” said Century Properties chairman Jose Antonio.

“This medical facility is also an important component to our strategy of having a complete, integrated community at Century City, where you just don’t have offices, high-rise residences and a retail mall but also a modern outpatient healthcare facility,” he added.

Launched in 2010, Centuria is the second project to be completed by Century Properties in 2014 under a growing recurring income portfolio.

Century Properties continues to spearhead breakthroughs and make significant impact in the property industry with its new venture — the Centuria Medical Makati.

Centuria Medical Makati is a 28-story medical arts center that will house more than 500 clinics to serve doctors of various medical expertise, medical tourists and local patients. The property boasts of a spacious lobby and warmly lit, homey surroundings — a refreshing departure from the aseptic ambience of traditional clinics.

The infrastructure will also dedicate floors for medical support facilities including a hospital-grade day surgery center, recovery suites, radiology center, pharmacy and diagnostic laboratory to be run by Hi-Precision Diagnostics.

Providing consultancy for Centuria Medical Makati’s day surgery infrastructure design is GE Healthcare, globally recognized not just for its medical equipment and healthcare solutions but also for its extensive medical infrastructure consultancy services.

The concept of a topnotch outpatient IT-medical center began with Century Properties Chairman Jose E.B. Antonio who wanted to highlight and maximize the country’s untapped potential as a medical tourism destination.

“We’re very bullish about the prospects of medical tourism in the Philippines considering that the cost of treatments here is one-third of what you would pay in the United States,” Antonio said at an investment forum.

“We have capable, good doctors. The fact is that our doctors are well-educated. We have the best nurses all over the world. We Filipinos deliver service with our signature warmth and genuine care. And the only thing we need to provide in order to serve this market are the facilities. This world-class medical arts building in the Philippines is going to be the first of its kind – our contribution to help push medical tourism,” he added.

Now on its finishing stages and slated for turnover to clinic space owners by the end of 2014, an added attraction of Centuria Medical Makati is its convenient location in the heart of Makati, right across the new Century City Mall. The strategic location guarantees easy access to and from offices, major banking establishments, residential communities, and top hotels.

Convenience is certainly of utmost priority for medical tourists and patients based outside the country. Centuria’s medical concierge service will assist in consultation scheduling, shuttle and hotel bookings, as well as flight arrangements should clients wish to tour the Philippines.