Eton to expand footprint
Eton Properties Philippines, Inc. (EPPI), the real estate arm of the Lucio Tan Group, recently announced plans to explore new project formats to cater to emerging market needs. In the pipeline are pocket retail developments in Ortigas, Quezon City, and San Juan and a mixed-use commercial development along Roxas Boulevard. EPPI’s management expressed confidence that expanding the company’s footprint will sustain the market’s interest in its various projects and steer the company forward. In 2017, EPPI spent Php4 billion in capital expenditures, 14% higher than the Php3.5 billion spent in 2016, as development of West End Square in Makati City, Centris Cyberpod Five and expansion of Centris Walk in Quezon City went on full swing. The company also broke ground on several projects notably in the Ortigas CBD in Pasig City with the construction of NXTower I, a 30-storey office building, and Eton City Square, a commercial strip in Eton City in Sta. Rosa, Laguna designed to complement the residential communities in the area. At a recent EPPI board meeting were (from left) Johnip G. Cua, independent director; Karlu T. Say, director; Dr. Lucio C. Tan, chairman; Atty. Erolyne C. Go, corporate secretary.