A ‘majestic’ plan for investors

Written by Rizal Raoul Reyes / Correspondent

Wednesday, 11 March 2009 23:53

IN these uncertain times, G&W Architects, Engineers, Project Development Consultants, led by its founder and chairman Gilbert Yu, recently unveiled an investment plan designed, he said, to give investors stability in the long run. The result of this plan is the development of the Majestic Tower in Fort Bonifacio, Taguig City. Majestic is a 285-room hotel designed to meet the needs of businessmen, local and foreign tourists and balikbayan visitors. In an interview, the Yu patriarch said he is pursuing the project to help boost the confidence of the people in the business environment. People are getting too anxious about “keeping their paper investments such as stocks,” said Yu. “As far as the property sector is concerned, it must offer the public products which will bring them similar returns but are safer in nature,” added Yu. For G&W, there is another option. It will offer investment-grade properties for investors which is the exact plan for Majestic. Gibson Austin Yu, BTO-business development head of G&W Architects, Engineers Project Development Consultants, said the company is using a different platform focused on selling the prime slots to the ordinary investor. “In the real estate tradition, the individual investors are not given a chance to own prime properties,” said Gibson As a result, Gibson said buyers are forced into a closed-market situation wherein they only can gain minimum returns. “We’re revolutionizing the way we invest in the market,” stressed Gibson. With the implementation of the concept being applied in the Majestic Tower project, Gilbert said individual investors can achieve higher returns in income and other forms of revenue streams. In their plan, Gibson said the investor can earn income from the room rental and food beverage. “You are also given a chance to own a hotel suite,” said Gibson. According to Gibson, the other advantage of investing in Majestic is that rates will be based in US dollars. He said the rationale is to protect the investments from possible fluctuation of the Philippine peso. Terence Daniel Yu, chief executive architect/senior associate of G&W Architects, Engineers Project Development Consultants, said the design and service of Majestic would be first-class. At present, he said G&W is currently talking with a major international hotel management group for potential management services. A total of 180 suites, each with a tag of P5 million, will be sold to investors. Yu said G&W is confident that Majestic will be a hit among investors because of the location and potential of tourism in the country. Turnover of units will be in 2012.