Gramercy Construction update - June 3, 2008

Excavation at Gramercy site reaches 64 percent

Excavation at the site of The Gramercy Residences is now 64 percent, or 19 meters this June, announced Century City Development Corp., an affiliate of Century Properties, which is developing the 3.4 hectare Century City including Gramercy.

The total depth is set at 29.7 meters.

Upon completion of excavation, rebar laying and cement pouring for the Gramercy tower's structural foundation will immediately follow.

The Gramercy Residences is the first Fully-furnished, Fully-serviced Hyper-amenitized luxury condo in the Philippines with 6 interior design options. It will be the first residential tower to rise at the 3.4-hectare fully-masterplanned mixed-use development called Century City on Kalayaan Avenue, Makati.