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Saturday, April 27, 2024

New synergy

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Property developer Ortigas & Co. celebrated its 85th anniversary this year, with partnerships with the SM and Ayala groups. The company behind Greenhills Shopping Center, Capitol Commons, Frontera Verde, and Circulo Verde, is planning improvements to unlock the potential of its different parcels. The developer’s 52-hectare landbank is currently under review, and with SM and Ayala’s backing, it is eyeing new retail and residential strategies. Greenhills Shopping Center is under a multi-phase, multi-billion peso redevelopment. Viridian, the 53-storey luxury residential condominium at the heart of Greenhills, is set to welcome residents late this year. On the retail front, the popular Greenhills ‘tiangge’ will be coupled with a department store to serve customers’ shopping needs. Capitol Commons, Ortigas & Co.’s mixed-use hub which now stands in the former Rizal Provincial Capitol, also has several developments underway.

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