Torre Lorenzo on Track with 5-year Growth Plan

Torre Lorenzo Development Corporation (TLDC), the trusted name in premium university residences, remains on track with its 5-year growth plan, reflecting a growing portfolio of real-estate developments from premium university residences to master-planned townships.

“2019 was a banner year for us, as we focused on delivering key milestones across all our business units,” said Tomas P. Lorenzo, TLDC President and Chief Executive Officer.

2019 was a busy year for the young, progressive real estate developer as it topped off 3Torre Lorenzo, its fourth premium university residence development, beside the De la Salle-College of St. Benilde, along Pablo Ocampo Jr. (formerly Vito Cruz) Street, Malate, Manila; and broke ground for its fifth, Torre Lorenzo Loyola, fronting Ateneo de Manila University in Katipunan, Quezon City. The Company is eyeing to expand its premium student-residence offerings in more locations within and outside Metro Manila.

For mixed-use developments, TLDC topped off Torre Lorenzo Malate, a lifestyle tower with serviced residences designed to cater to the bustling tourism and educational hub of Malate-Ermita. In partnership with global hospitality group Ascott, TLDC is bringing the Ascott brand Lyf to the Malate development.

The Company also turned over its first residential tower at Tierra Lorenzo Lipa, which is Batangas’ first mixed-use residential and hotel development. Apart from two residential towers, Tierra Lorenzo Lipa will also house the region’s first branded international hotel, Dusit Princess Lipa.

Together with Dusit International, TLDC also inaugurated the dusitD2 Davao, the first internationally-branded hotel development in Davao. The Company has also continued expansion of the Dusit Thani Lubi Plantation Resort, Mindanao’s first five-star exclusive island development. These two developments bring TLDC’s total investment in Mindanao to more than Php 6 billion, helping boost the region’s growth.

Testament to its work, TLDC bagged four prestigious accolades at the Property Guru Awards claiming Best Boutique Developer, Best Condo in the Philippines, Best Condo in Mindanao for Dusit Thani Residences Davao, and Best Interior Design for dusitD2 Davao Hotel.

“These awards validate the good work that the men and women of TLDC continue to do each day, planning, building, selling, and maintaining properties that continue to upgrade the lifestyles of our customers,” said Lorenzo.

In parallel, TLDC has committed to empowering communities as a key component of its sustainability plan. In Davao, the Company partnered with the AFP Educational Benefit System and invested primarily in the education of the dependents of military personnel who have died in the line of duty.

“Moving forward, you will see us investing more of ourselves in sustainability initiatives that enhance the lives of our partners and communities we support,” said Emmanuel Rapadas, TLDC Chief Finance Officer. Rapadas highlighted that the company promotes empowerment and self-sufficiency in its communities through capacity-building and skills transfer, while strengthening practices that are responsive to the environment.

TLDC Outlook Remains Positive

For TLDC, the outlook remains positive as spending on real property continues to grow year-on-year, particularly in the country’s growing upper-middle class households (Upper MC+ HH) in emerging urban centers as reflected in the key results of a study conducted in partnership with the University of the Philippines.

The study revealed that with this sector’s share in total number of households remaining at 6%, the sector will grow from 1.36 million in 2015 to 1.72 million in 2030, bringing in a total of projected spending of P588 billion by 2030 for housing disbursements. There has also been a shift in the concentration of middle class households, with the National Capital Region’s share declining as more emerging regions expand and develop, particularly CALABARZON and the Davao Region.

The study employed a 2015 methodology, which defines Upper MC+ HH as a unit with per capita income between four to 10 times the poverty line or P31,560 to P78,900.

With compounded annual growth rate (CAGR) averaging at 39% in the past five years, TLDC is looking to build on its momentum and aims to further grow by at least 25% per annum in the next five years.

“As TLDC continues to expand its footprint in emerging urban centers outside Metro Manila, we commit to further strengthening our programs that promote community development and economic inclusion within communities where we are,” Lorenzo added.