Rockwell Land first-half earnings of P1.08 B exceed 2020 net profit

Rockwell Land Corporation is launching more projects as it expects earnings in the first half of 2021 to already exceed net income for the entire 2020 of P1.08 billion on the back of a strong recovery in its residential business.

During the firm’s annual stockholders’ meeting, Rockwell Chairman Manuel Lopez said “We have seen Rockwell’s ability to endure with the support and dedication of our stakeholders.”

“With our constant pursuit to build the very best, we are now very excited to move onwards and upwards as we continue on the legacy that we started in Rockwell Center, Makati, with new flagship projects,” he added.

Rockwell President Nestor Padilla said “We will always stick to our vision of creating beyond ordinary communities amidst any situation. We remain optimistic to launch several projects, especially with the continued trust our clients have given our brand after seeing how well we handled the crisis.”

In the first semester, Rockwell launched Sillion, the fifth tower in 32 Sanson by Rockwell in Cebu, The Villas at Aruga Resort and Residences – Mactan Phase 2, and Terreno South Phase 3 in Lipa, Batangas.

For the second half of this year, the firm will launch Arton East, the third and final tower of The Arton by Rockwell in Katipunan, Quezon City. In Makati, it will launch 1 Proscenium with premium work spaces available for sale within the Proscenium complex.

“At the heart of Rockwell Center will be The Balmori Suites, this is directly connected to the Power Plant Mall, assuring its residents of a great Rockwell lifestyle experience. This prime development will have a hotel-like lobby, premium finishes and thoughtfully designed private amenities,” Padilla said.

After the launch of its first condominium units in Bacolod City last December 2019, Rockwell will soon be offering residential lots within the 11-hectare Nara Residences.

“We are committed to rebound sooner rather than later by growing our presence in emerging cities. This year, we are set to launch two new Rockwell Centers: Rockwell Center Nepo, Angeles and Rockwell Center Bacolod.

Nepo is a 3.6-hectare joint venture with the Nepomuceno family which will feature mid-rise residential buildings and a Power Plant Mall.

Rockwell Center Bacolod will be twice the size of the first Rockwell Center in Makati and will be a 30-hectare master-planned development with the vision of becoming Bacolod’s top choice for a holistic community with a commercial center, residential spaces and lifestyle and leisure areas.