Century Properties begins turnover of units at maiden high-rise medical facility
MANILA – Century Properties Group Inc has started turning over units at the Centuria Medical Makati, an outpatient medical-IT facility that will boost the real estate developer’s recurring income stream.
In a statement, the property firm of former ambassador Jose EB Antonio said the opening of the $100-million Centuria is slated for next year after doctors and tenants complete unit fit outs.
Located at Century Properties’ mixed-use development in Century City along Kalayaan Avenue in Makati, the 28-storey project has close to 700 clinics and office suites. Support facilities include a diagnostic laboratory to be operated by Hi-Precision Diagnostics, a hospital-grade day surgery center and recovery suites.
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. Centuria also has 18 commercial spaces for dining, wellness and pharmacy outlets.
“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,” Antonio said.
“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 its growing recurring income portfolio. In March, the company opened the Century City Mall located right in front of the medical-IT building.
Known for its portfolio of local and internationally renowned brand partners, Century Properties has been diversifying its product offerings through its recent ventures into retail, office and leisure developments.