Eton Centris

Last updated
Eton Centris
Project
Opening date2000s (2000s)
DeveloperParamount Land Equities
(until 2009)
Eton Properties Philippines
(from 2009)
Location
Location Pinyahan, Quezon City, Metro Manila, Philippines

Eton Centris is a development in Quezon City by Lucio Tan's Eton Properties Philippines. Eton Centris is located at the southeast corner of EDSA and Quezon Avenue. It is a major component of the Triangle Park business district. [1] It covers an area of 12 hectares (30 acres). [2]

Contents

History

Facade of Centris Station. 01948jfQuezon Avenue MRT Stations Eton Centris EDSA roadfvf 01.jpg
Facade of Centris Station.
The length of Centris Station (right) from the side of Epifanio de los Santos Avenue. 01948jfQuezon Avenue MRT Stations Eton Centris EDSA roadfvf 08.jpg
The length of Centris Station (right) from the side of Epifanio de los Santos Avenue.

Eton Centris was announced in October 2008 as Eton's second major mixed-use development township project, after the 1,000 hectares (2,500 acres) Eton City in Santa Rosa, Laguna. [1] In total, the development was planned to have seven office buildings and ten high-end residential condominiums. [2] Eton developed Centris Station and Centris Walk simultaneously with two other projects: Eton Corinthian (also in Quezon City) and Green Podium (near De La Salle University); the expected total annual revenue from the three projects was ₱300 million, with a projected 60 to 70% occupancy rate at opening. [3] [4]

Eton Centris was originally being developed by Paramount Land Equities, another Lucio Tan-controlled company. In 2009, Eton Properties purchased the Centris development from Paramount in exchange for 1.6 billion newly issued Eton Properties shares. The shares were issued at ₱2.50 each, a premium of ₱0.17 over the volume-weighted average trading price of the shares in the past three months. [5]

In early 2010, as Eton announced income growth of ten times for its first quarter of 2010 vs. 2009, president Danilo Ignacio stated that the company was in the planning stage to open the second BPO office. [6] In September of the same year, Ignacio announced that Eton had begun collecting bids from contractors for the actual construction of the second BPO office. [7]

Major tenants

Cyberpod Tower 1. 01763jfQuezon Avenue Shell Jollibee MRT Stations NIA Road Eton Centris EDSA roadfvf 15.jpg
Cyberpod Tower 1.
Cyberpod Tower 2. 01884jfQuezon Avenue MRT Station North EDSA Buildings Eton Centrisfvf 22.jpg
Cyberpod Tower 2.

The 18,000 square metres (190,000 sq ft), 12-floor Eton Cyberpod Centris office building targets business process outsourcing companies. [1] Each floor has 2,000 square metres (22,000 sq ft). [8] The building is listed as an approved IT Center by the Philippine Economic Zone Authority, making export-oriented companies located therein eligible for temporary tax holiday, permanent reduced rate of corporate income tax, and other incentives. [9]

SM Hypermarket was chosen as the anchor store for the complex's mall in October 2008. [2] In September 2009, Indian BPO giant Wipro Technologies announced that it would rent 6,000 square metres (65,000 sq ft) of office space in Eton Cyberpod Centris, with a commitment to expand by another 33%. It was Wipro's second Philippine office after the Cebu Business Park. [8]

Related Research Articles

<span class="mw-page-title-main">Radio Philippines Network</span> Philippine television network

Radio Philippines Network, Inc. (RPN) is a Philippine television and radio company based in Quezon City. It is the flagship media property of Nine Media Corporation of the ALC Group of Companies; along with the Presidential Communications Office (PCO) and Far East Managers and Investors Inc., among others, as major shareholders. The network's main offices and transmitter is located at Panay Avenue, Brgy. South Triangle also in Quezon City. Founded by Roberto Benedicto and prior to its privatization, it was the sister station of current government owned and controlled Intercontinental Broadcasting Corporation and formerly an attached agency of the now-PCO, despite having 20% minority stake in ownership.

The University of the East, also known as UE, is a private university located in Manila, Philippines. Founded in 1946, business tycoon Lucio Tan acquired the university in 1990. UE was once labeled as the "largest university in Asia" when its enrollment in the past reached over 65,000 students.

<span class="mw-page-title-main">GMA Network</span> Commercial television network in the Philippines

GMA Network is a Philippine free-to-air television and radio network. It is the flagship property of publicly traded GMA Network, Inc. Its first broadcast on television was on October 29, 1961. GMA Network is commonly referred to as the Kapuso Network in reference to the outline of the company's logo. It is headquartered in the GMA Network Center in Quezon City and its transmitter, Tower of Power, is located at Tandang Sora Avenue, Barangay Culiat also in Quezon City with regional stations and offices strategically located in over 9 major cities across the country.

<span class="mw-page-title-main">Lucio Tan</span> Filipino businessman

Lucio Chua Tan Sr. is a Filipino business magnate, investor, and philanthropist. He presides over the Filipino conglomerate company LT Group, Inc., a company with extensive business interests in sports, banking, airline, liquor, tobacco, real estate, beverages, and education. As of September 2021, his net worth is estimated at US$1.9 billion.

<span class="mw-page-title-main">Ai-Ai delas Alas</span> Filipina actress and comedian

Martina Eileen Hernandez delas Alas-Sibayan, known professionally as Ai-Ai delas Alas, is a Filipina singer, actress and comedian. She is widely regarded as the country's "Queen of Comedy" for her comedic talent and best known for her role in the film Ang Tanging Ina (2003), which became a blockbuster hit. On account of the film's popularity, a television series spin-off was produced, as well as three sequels: Ang Tanging Ina N'yong Lahat (2008), Ang Tanging Ina Mo (2010) and Enteng ng Ina Mo (2011), with delas Alas reprising her role. She also appeared in the comedy film Our Mighty Yaya, which premiered on May 10, 2017, through Regal Entertainment.

Wilfredo Buendia Revillame, popularly known as Willie Revillame, is a Filipino television host, comedian, drummer, singer, songwriter, actor, and businessman.

<span class="mw-page-title-main">SM North EDSA</span> Shopping mall in the Philippines

SM North EDSA, and colloquially known as SM North, is a large shopping mall located in Quezon City, Metro Manila, Philippines. It is the first SM Supermall in the country and formerly the largest shopping mall in the Philippines from 2008 to 2011, circa 2014, and from 2015 to 2021.

<span class="mw-page-title-main">Triangle Park (Quezon City)</span> Central business district in Quezon City, Philippines

Triangle Park, also known as the Quezon City Central Business District, is a 250 ha central business district in Quezon City, Philippines. It is organized around five districts namely: Commons, Downtown Hub, Emporium, Residences at Veterans and Triangle Exchange.

MediaQuest Holdings, Inc. is a Philippine-based media conglomerate that provides radio and television broadcasting, as well as direct-to-home satellite services and print media. Though an affiliate of telecommunications company PLDT, MediaQuest is owned by the former's Beneficial Trust Fund, a retirement pension plan funded through its Philippine Depository Receipts. PLDT does not directly own any media property as the current 1987 Constitution states that media companies should be 100% owned by Filipinos and the company's major shareholders include foreign entities such as First Pacific and Nippon Telegraph and Telephone.

<span class="mw-page-title-main">Robinsons Magnolia</span> Shopping mall in Quezon City, Philippines

Robinsons Magnolia is a shopping mall owned and operated by Robinsons Malls. The mall opened on August 13, 2012. It is the 32nd mall opened by Robinsons and the company’s third mall in Quezon City. It has a gross floor area of 108,000 square metres (1,160,000 sq ft). Robinsons Magnolia is adjacent to the four-tower Magnolia Residences where the iconic Magnolia Ice Cream production plant once stood.

<span class="mw-page-title-main">Iloilo Business Park</span> Shopping mall in the Philippines

Iloilo Business Park, also known just as Megaworld among the locals, is a 92-hectare (230-acre) mixed-use master-planned community development in Mandurriao, Iloilo City, Philippines by Megaworld Corporation. It is located on the site of Iloilo's former airport, Mandurriao Airport, which the conglomerate acquired for 1.2 Billion Pesos from the Philippine national government. Megaworld is projected to pour in ₱25 Billion for the entire development in a span of years. It is an integrated township project featuring a commercial district, a lifestyle mall, office buildings catering to business process outsourcing firms, boutique and deluxe hotels, and a convention center.

<span class="mw-page-title-main">Capitol Commons</span> Mixed-use development in Pasig, Philippines

Capitol Commons is a mixed-use development in Oranbo, Pasig, Metro Manila, Philippines. It is a redevelopment of the former Rizal Provincial Capitol complex located in the village of Oranbo adjacent to the Ortigas Center financial district. The 10-hectare (25-acre) site being developed by Ortigas & Company Limited Partnership, the same developer behind Ortigas Center, features Pasig's first high-end shopping center called Estancia at Capitol Commons. Once completed, the P25-billion mixed-use commercial, residential and office development will have 35,000 square meters (380,000 sq ft) of retail space, 20,000 square metres (220,000 sq ft) of office space for knowledge process outsourcing (KPO) companies, and 280,000 square meters (3,000,000 sq ft) of residential units. The development is also home to the Capitol Commons Park, which takes up fifty percent of the development.

<span class="mw-page-title-main">Quezon City Reception House</span> Residence and Office in Quezon City, Philippines

The Quezon City Reception House is a reception house built and owned by the government of Quezon City to accommodate visiting dignitaries. It was built on the lot of the uncompleted and controversial Boracay Mansion. It was previously occupied by the Vice President of the Philippines from 2016 to 2022.

<span class="mw-page-title-main">Danilo Suarez</span> Filipino politician

Danilo "Danny" Etorma Suarez is a Filipino politician and former Governor of Quezon. He served as Minority Floor Leader of the House of Representatives of the Philippines representing the 3rd District of Quezon.

<span class="mw-page-title-main">Cultural Center of the Philippines Complex</span> Performing arts center in Pasay, Metro Manila, Philippines

The Cultural Center of the Philippines Complex, also known as the CCP Complex, is an 88-hectare (220-acre) reclaimed property owned by the Cultural Center of the Philippines (CCP) located along Roxas Boulevard in Metro Manila, Philippines. It is a mixed-use cultural and tourism hub overlooking Manila Bay in south-central Manila, most of which fall under the jurisdiction of the city of Pasay.

<span class="mw-page-title-main">Araneta City Cyberpark</span> Office in Metro Manila, Philippines

The Araneta City Cyberpark is a 8-hectare (20-acre) office development located in the Araneta City in Cubao, Quezon City. Located along the southern part of the mixed-use commercial development, the office complex is currently undergoing a ₱20 billion redevelopment under a new master plan, consisting of five green office towers, retail spaces, and an outdoor park. The ongoing development currently includes 2 towers completed, and one tower under construction, with 191,000 m2 (2,055,906.89 sq ft) of office space completed as of January 2021.

Certain associates of former Philippine President Ferdinand Marcos, historically referred to using the catchphrase "Marcos cronies", benefited from their friendship with Marcos – whether in terms of legal assistance, political favors, or facilitation of business monopolies, during his administration. Marcos critics, and the local and international press began referring to these individuals as "cronies" during the latter days of the Marcos dictatorship, and the Philippine government – especially the Presidential Commission on Good Government (PCGG) – continued using the term after the ouster of Marcos in 1986.

<span class="mw-page-title-main">Vertis North</span> Place in Philippines

Vertis North is a mixed-used development in Quezon City, Metro Manila, Philippines. It is a joint venture project between Ayala Land Inc. (ALI) and the National Housing Authority (NHA). Similar to Makati, it has a mix of developments such as residential developments similar to Legaspi and Salcedo Villages in Makati and open spaces such as Ayala Triangle Garden and Greenbelt Park.

<span class="mw-page-title-main">Parklinks</span> Place

Parklinks is a 35-hectare (86-acre) mixed-use development that straddles the Pasig–Quezon City boundaries in the Philippines. It is a joint project of LT Group and Ayala Land located on the banks of the Marikina River in the eastern part of Metro Manila. The riverfront development is the biggest along the segment of C-5 Road north of the Pasig River and is planned to contain a 3-hectare (7.4-acre) central urban park, an esplanade, river terrace, riparian gardens and bike trails designed to make it one of the greenest urban estates in the Manila metropolitan area.

Bridgetowne is a real estate development spanning the border of Pasig and Quezon City in Metro Manila, the Philippines. It is a mixed township and business park situated in a former industrial area on both banks of the Marikina River near the junction of Eulogio Rodriguez Jr. Avenue and Ortigas Avenue. The 30.61-hectare (75.6-acre) masterplanned community is the first integrated township project by Robinsons Land Corporation, the real estate arm of JG Summit. It is currently anchored by four office towers in its information technology park dedicated to the business process outsourcing sector, its second in Metro Manila after Robinsons Cybergate in Mandaluyong. Once completed, the township will be a community consisting of seven office towers, a shopping mall, five-star hotel and residential condominiums, with a landmark bridge and a light art installation called The Victor as its centerpiece.

References