Lopez Holdings has strategic investments in property development through First Philippine Holdings Corporation, which controls Rockwell Land Corporation (PSE: ROCK) and First Philippine Industrial Park.
Rockwell Land entered the hospitality sector when Aruga Serviced Apartments (located at Edades Tower and Garden Villas) opened in 2014. Aruga offers 114 studio, one-bedroom, and two-bedroom units catering to the growing market of mobile businessmen and professionals, and travelling individuals seeking temporary residences in close proximity to the Makati Central Business District.
The expected completion within 2015 of the third tower of the Rockwell Business Center in Ortigas Center and 8 Rockwell in Makati will double the commercial leasing business of Rockwell Land.
• Revenues of P8.853 billion (P7.830 billion in 2013)
• Net income attributable to equity holders of the parent of P1.563 billion (P1.402 billion in 2013)
• Earnings per share at P0.26 in 2014 (P0.23 in 2013)
First Philippine Industrial Park is the preferred investment location for manufacturers in light industries. Its locators have created 40,000 jobs in its 450-hectare economic zone. Revenues come from land sales, lease of ready-built factories and commercial spaces, and sale of water. It is the only industrial park to receive Investors in People bronze level certification.