Lopez Holdings

 

Remarks of Manuel M. Lopez, chairman, at the Rockwell Land Corporation Annual Stockholders' Meeting on June 30, 2021
Held via https://2021asm.e-rockwell.com/

Good Morning Ladies and Gentlemen!

Our 25th anniversary came at a unique moment in time, and it is with such heartwarming honor to have our milestone year mark not just a display of industry resilience, but more valuably, the emergence and evolution of unwavering community spirit, one of the things that has made us Rockwell through all these years.

Despite the challenges brought about by the pandemic, it was imperative that we persevered on our promise to provide and create safe spaces for our developments. And while no one was prepared for the storm that hit us globally, it prompted us to strengthen our efforts and carefully assess the situation for a more realistic view of what the year would result in. Company goals were indeed reshaped by these unprecedented times, but we witnessed a renewed sense of optimism and confidence that grew within our market and numbers.

Rockwell proved to be resilient and performed better than we expected. Residential sales were limited during the Enhanced Community Quarantine, but our industry sector has proven its resilience over time, and it continues to rebound in stronger form. With these in mind, along with the healthy momentum Rockwell gained over the last few years, we decided to keep moving and marching forward.

Last year, we proceeded with launching The Villas at Aruga Resort and Residences - Mactan, Cebu, 8 Benitez Suites and The Larsen Tower at East Bay Residences; and were able to cater to a growing need for wide open living spaces in locations outside of Metro Manila through Rockwell Horizontals. Our office sector likewise continued its strong performance with a 99% occupancy rate, and even saw a 7% increase in revenue with our tenants’ renewed leases. This allowed us to increase our inventory with Proscenium Podium Offices and the launch of 1 Proscenium this year.

We triumphed with the slow yet steady recovery of the retail sector, regaining foot traffic in Power Plant Mall, and reaching 62% of our sales pre-Covid by the end of 2020. These numbers improved while we continued to offer the distinctly recognizable Rockwell touch in our new and old programs, and put our customers’, tenants’ and staff’s safety as a priority. We kept traditions alive with our annual Christmas at Rockwell festivities, and provided new streetside dining experiences to adapt with the times, ensuring that the public is able to dine in safely without any worries.

However, what truly shone through in this situation was an exceptional sense of community. Our Property Management Team, along with our personnel, service providers, and employees, worked tirelessly to help residents better adapt with their transition to the new normal, helping provide a semblance of normalcy in their daily routines.

At a time when it would be natural to look out for one’s self, we instead witnessed an abundance of malasakit—our people (with our very own residents included) taking on unexpected roles and wearing multiple hats that have never been more crucial than today in fostering and rebuilding our community.

Now more than ever, we have seen Rockwell’s ability to endure with the support and dedication of our stakeholders. With our constant pursuit to build the very best, we are now very excited to move onwards and upwards as we continue on the legacy that we started in Rockwell Center, Makati, with new flagship projects: Rockwell Center Nepo, Angeles, in Pampanga and Rockwell Center Bacolod in Visayas. In these developments, we hope to foster strong bonds within our new communities while providing the same quality of service we have been known for.

As we move towards a post-pandemic future, we continue to deliver on our promise of safe spaces where beyond ordinary lifestyles thrive. Thank you for your being with us for the past 25 years, and we look forward to being with you for more.

Maraming Salamat and Mabuhay!

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CONTACT US

Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009