ROCKWELL Land Corp. is set to
pour some P10 billion into different
property development and construc-
tion projects, including the shelved
Lopez Tower, in the next five years.
The company plans to allot P2B
for the development of its new resi-
dential towers in Rockwell Center
and the construction of a business
process outsourcing (BPO) facility
in Ortigas this year alone.
Rockwell president Nestor Padilla
said that the company has the money
to fund its projects and can tap into a
P2.5B facility being offered by two
financial institutions should the need
for additional funding arise.
The construction of the Lopez
Tower, which was shelved when the
Asian financial crisis hit in 1997,
may also push through this year.
“That is a 60,000-square-meter
gross leasable landmark tower that
can house a 65-story building and I
think the time is right for us to revisit
it,” Padilla said, adding that the tow-
er will complete Rockwell Center as
a self-contained center, with residen-
tial, office, mall and school.
“If we start the development of the
Lopez Tower this year, it will take us
four years to finish it,” Padilla noted.