Primavera Residences wins Leadership in Green Building in PHILGBC Awards 2016

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Listed developer Italpinas Development Corp. was recently awarded the Leadership in Sustainability Design Award by the Philippine Green Building Council for its pioneering Primavera Residences project in Uptown Cagayan de Oro, and will represent the country at the coming World Green Building Council Asia Pacific Regional Network Leadership Awards for the same category.

“We are absolutely delighted with this recognition – and with the chance to represent the country in the regional competition,” said Romolo Valentino Nati. chairman and chief executive officer of Italpinas.

Italpinas’ flagship development was recognized for its two eco-friendly strategies: the use of passive green energy, involving an inner courtyard, a cross-ventilation layout and shaded facades; and the use of renewable energy from rooftop solar
photovoltaic panels, to power and light common areas and to afford its residents savings of 20 to 32 percent in airconditioning costs.

The project also embodies principles of biomimcry, an architectural philosophy that is inspired by nature.

Planned by Nati himself, the Primavera Residences’ emphasis on design and sustainability will be a staple of all future developments of Italpinas. The company’s follow-up offering is Primavera City, also in Uptown CDO.

According to Jose Leviste III, Italpinas president, the company is encouraged by the market’s warm welcome of its design-driven approach and focus on sustainability.

The company reported a 142.9 percent increase in net income in 2015, from sales of Primavera Residences units.

It recorded net sales of P216 million for the two-tower condo, a 62-percent increase year-on-year, as of the end of fiscal year 2015.

Eighty-two percent of the 328 units in both towers have been sold, with only six remaining in the first.

Italpinas also announced a return of equity of 22 percent, also as of the end of fiscal year 2015.

Following its initial success in Mindanao, Italpinas said it will continue to pursue projects outside of Metro Manila.

“We see growth in places like Cagayan de Oro,” Leviste said at the company’s recent stockhoders meeting.

He said Italpinas is now looking into Batangas, Davao, Mindoro and Negros.

Article from Malaya

Italpinas recognized for sustainability efforts

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LISTED green builder Italpinas Development Corp. is set to represent the Philippines in an Asia Pacific green building awards event with its Cagayan De Oro-based Primavera Residences project.

In a disclosure to the Philippine Stock Exchange, Italpinas said it recently received the Leadership in Sustainability Design Award from the Philippine Green Building Council for its Primavera Residences project, a 10-story, twin-tower mixed-use development in uptown Cagayan de Oro City.

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Arch. Romolo V. Nati, IDC Chairman/CEO, during the PHILGBC Awards Recognition Ceremony

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Arch. Romolo Nati receiving the award on Leadership in Sustainable Design &Performance Award (image courtesy of PHILGBC)

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Arch. Romolo Nati with PHILGBC CEO Mr. Christopher de la Cruz (image courtesy of PHILGBC)

As part of winning the said award, Primavera Residences will represent the Philippines in the coming World Green Building Council Asia Pacific Regional Network Leadership Awards.

“Italpinas’ flagship development was recognized for its two eco-friendly strategies: the use of passive green energy, involving an inner courtyard, a cross-ventilation layout and shaded facades; and the use of renewable energy from rooftop solar photovoltaic panels, to power and light common areas and to afford its residents savings of 20-32 percent in air-conditioning costs,” Italpinas said.

Earlier this year, Primavera Residences was also recognized for its eco-friendly design, as it received the Excellence in Design for Greater Efficiencies (EDGE) certification from the International Finance Corporation (IFC), a member of the World Bank Group, making it the second development in the country to receive the certification.

Italpinas chairman and chief operating officer Romolo Nati said that at present, 82 percent of the 328 units of both towers of Primavera Residences have already been sold, with only six units remaining in the first tower.

Following the success of Primavera Residences, the company has recently launched a follow-up project called Primavera City, which is also located in Cagayan De Oro City.

In an earlier interview, Italpinas president Atty. Jose Leviste III said they were bullish about the outlook for emerging markets outside of Metro Manila such as Cagayan De Oro.

“So far, we’ve been happy in CDO, and we want to find other places where a similar dynamic will be discovered,” Leviste said.

At their company’s annual stockholders’ meeting, Leviste said they are looking at potential growth areas similar to CDO such as Batangas, Mindoro, Davao and Negros.

Article by Catherine Talavera of Manila Times

The Best View of Cagayan de Oro

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One of the most important things to consider when looking for a home is location. It has to be close to schools, hospitals, the supermarket, and other business establishments. Homeowners also value safety and security, which is why many prefer to purchase homes located inside subdivisions with 24/7 security.

For many Kagay-anons, it is also important that the location is flood-free and can withstand typhoons and other climate change-related calamities. This is one of the reasons why the uptown Cagayan de Oro community is booming.

Uptown CDO

The uptown CDO community starts the minute you go up the sturdy Carmen Hill. Real estate developers realized its potential when SM City Cagayan de Oro opened its doors in 2002. Since then, one subdivision after another started sprouting in different areas of the community. This was followed by establishments setting up their shops in uptown CDO.Since it is located approximately 110 meters above sea level, you are guaranteed to enjoy cleaner air. As such, the entire uptown CDO area is typhoon and flood-free. Although this vibrant community is definitely a modern one, you won’t miss out on trees and greeneries, as you’ll see them practically everywhere, even in subdivisions. Primavera Residences, for example, is the city’s first eco-friendly condominium, and it is located within the uptown CDO community.

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If you’re worried about having to endure the long drive to the city center, your worries are unfounded. You’ll find practically everything you will need there. Schools, 24-hour shopping marts, restaurants, bars, hotels, gyms, offices and other commercial establishments, and even a mini-hospital abound in the community.

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Aside from all these, uptown CDO is also the ideal place for those who want to get the best view of the city. No matter where you are, you will be rewarded with a majestic view of CDO and the Macajalar Bay.  If you want to watch the sun set, simply sit by your window and marvel at nature’s magical wonders. Whenever you need to relax and de-stress, find a spot where you can see the calm blue waters of the sea. You can also watch the city lights sparkle at night. Uptown CDO is definitely the ideal place to get the best view of Cagayan de Oro.

 

IDC’s Primo Consiglieri, Dr. Joey P. Leviste Jr., launches book at Primavera Residences

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Italpinas Development Corporation’s Primo Consiglieri (Senior Advisor) and now an author, Dr. Jose P. Leviste Jr., has launched his very own book titled “If the Philippines had a Lee Kwan Yu” last April 21, 2016 at Primavera Residences, Pueblo de Oro, Uptown Cagayan de Oro.

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The event started with cocktails and was attended by special guests; among them were Mr. Antonio Samson (IDC Vice Chairman), Arch. Romolo V. Nati (IDC Chairman/COO) and Miss Earth England 2015 Miss Katrina Kendall together with her mother, Miss Floramae Kendall.

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Dr. Jose “Joey” P. Leviste Jr. shared with the audience his experience in Singapore and how this has inspired him to create this book – a collection of articles and discourses written by the brightest minds of our country as a tribute to Lee Kwan Yu.

The title “If The Philippines Had a Lee Kuan Yew” evokes dashed dreams – a certain disenchanment with our 21st century history as a nation; but it also arouses bright visions – optimism and confidence iin the near future – depending on where you stand in the ideological spectrum.

“Tiger Joey” has assembled a powerful primer – the most incisive collection of vignettes by Filipino scholars and opinion leaders on the singular story of the City-State of Singapore and the leader who made it so. The challenge is not to compare but to be creative – Lee Kuan Yew knew that his country had few natural assets, but he was able to make Singaporeans believe in their potential and bigger role in our globalized world.” an excerpt from the back of the book by Fidel V. Ramos – Former President of the Philippines

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During the event, we had the chance of listening to some of the book excerpts gracefully read by CDO’s very own Miss Earth England Katrina Kendall, who also experienced the life of Singapore. After which, some of the audience won copies of the book with an autograph by the author himself.

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Together with Dr. Leviste, IDC envisions a bright future for the Philippines and for Cagayan de Oro. This is why its new groundbreaking project, Primavera City, has been designed to be a cut above the rest. The said project is to be launched at the end of 2nd quarter this year.

To know more about IDC’s latest project, you may visit www.primaveracity.com or follow us at www.facebook.com/CondoPrimavera for the latest updates.

Italpinas to launch CDO mixed-use condo in Q2

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Listed green builder Italpinas Development Corp. hopes to launch its new condominium project in Cagayan de Oro in the second quarter of 2016, a little later than its earlier first-quarter target.

In a statement, Italpinas said it is set to launch Primavera City by the second quarter, targeting first-time homebuyers as well as investors.

“We will conduct extensive marketing for our target buyers that include employed and/or self employed individuals with gross family income of at least P50,000, such as local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others, said Italpinas President Jose Leviste III, a lawyer. “With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home owners, but also for investors.”

Primavera City is a seven-building mixed-use condominium development in Cagayan de Oro City, which will offer residential units and a few commercial and office components.

Italpinas Chairman and Chief Operating Officer Romolo Valentino Nati said the construction of the building would come in phases.

Phase 1 involves the construction of two towers with 11 floors each.

“Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipino but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said.

For its flagship project, Italpinas made a mark in the local real estate industry as the first Philippine company to get a certification of the International Finance Corp.-World Bank Group’s Excellence in Design for Greater Efficiencies (Edge).

Leviste said the first two towers would have 337 units, 57 of which are commercial units, 231 studio bedroom units, and 27 two-bedroom units.

“Their average sizes are approximately 50 to 60 square meters for commercial units, 28 square meters for studio type units, 47 square meters for the single unit bedroom units, and 70 square meters for the two bedroom units.” the firm’s statement said.

Last November, Italpinas Vice President for Banking and Business Development Harold Dacumos pegged the development cost for Phase 1 alone at P670 million.

Dacumos said the seventh building of the development would function as a 32-story condotel project that might start construction in 2020.

The mixed-use development will also offer a commercial area on the ground floor, two floors of office space in the first building, and another two floors for parking in the second building.

It also fosters sustainability, as it features eco-friendly elements, such as the photovoltaic panels that will generate energy for the building’s consumption.

Primavera City is located at Pueblo de Oro Business Park, Upper Carmen town, Cagayan de Oro City.

Source: Manila Times

In the Loop: Italpinas makes PSE Debut

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Looking back to an accomplishment we are very proud of. Last December 7, 2015, Primavera Residences’ very own developer, Italpinas Development Corporation (IDC), finally made its PSE Debut.

Our very own Arch. Romolo Nati (IDC Chairman/COO) and Atty. Jose D. Leviste III (IDC President) shares company’s success in Bloomberg TV Philippines.

To know more, check out this video below:

 

14 ways to go green this Valentine’s day

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If Facebook forced me to define my relationship with Valentine’s Day, I’d have to select “it’s complicated.” On one hand, it’s a good excuse to go on a sugar-high-fueled glittery-pink-heart-shaped spree of sharing the love.

On the other hand, Valentine’s Day has become a horribly shopping-driven holiday that encourages us to commodify our relationships and evaluate how much we’re loved by how much someone spends on us. Not to mention that it creates a lot of trash from wasteful packaging and cards that may not even make it to the recycling bin.

So, to reconcile these two impulses, I’m offering this list of ways to share the love with everyone you adore without hating on the environment.

1. Make an edible Valentine

© Margaret Badore

Vegan treats will sweeten the day without the waste–since they’ll definitely be devoured. Consider homemade Sweetheart sugar cookies or chocolate cupcakes with strawberry filling.

2. Avoid e-waste cards

That singing card might be charming, but e-waste is less cute.

3. Buy fair-trade and rainforest friendly chocolate

If you’re single or not, this day will involved some sort of chocolate for many people, but cocoa farming is associated with some serious ethical and environmental problems. That’s why it’s important to stick with fair trade chocolate.

4. Craft a recycled Valentine

An old-fashioned homemade Valentine can be way more meaningful than something you find in a store. Consider turning scrap paper, pressed flowers, or fabric scraps into cool, handmade cards and tokens of affection, like these cute cardboard hearts from the Five and One blog.

5. Shop your closet

That scarf you’ve never worn? That book you’re not going to re-read? Consider re-gifting. Or check out Gifteng, a site that helps you give and receive in your area.

6. Think local

If you’re going to do some gift shopping or eating out, consider supporting a local business instead of a big chain. You can also look for locally made products. For example, I recently discovered Bixby chocolate, made here in New York state with ethical cocoa.

7. Look for organic flowers

Rosa y Dani/CC BY 2.0

If flowers are a must, look for organically grown options because cut flowers can be particularly drenched in toxic pesticides. If you’re not sure about your local florist, you can also order online from Organic Bouquet.

8. Consider a potted plant

Even better than cut flowers, why not give a plant that will last longer than a week? Here are recommendations for houseplants that don’t need much water.

9. Choose sustainable wine

When it comes to picking a wine, look for the organic label or the Rainforest Alliance seal. Learn more about eco-friendly wines here.

10. Select ethical jewelry

© The Nozomi ProjectI love jewelry that comes with a beautiful story. If jewelry is the only way to delight your beloved, consider browsing Helpsy’s selection or supporting the Nozomi Project.

11. Send the perfect .GIF

It definitely won’t end up in the waste bin.

12. Be a green lover

You may want to opt for vegan protection, to keep things smooth with organic ingredients, to get good vibes without phthalates or have fun with plastic-free play.

13. Cuddle

Not only does it feel good, it’s good for your health.

14. Do something extra nice.

Maybe it’s making dinner for your mom or maybe it’s taking out the compost for your roommate. Maybe it’s just calling that friend you haven’t heard from in a long time. I’m sure you can think of something nice to do for the people you care about, and that’s what this day should really be all about.

Primavera Residences Tower 2 now complete!

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Cagayan de Oro, Misamis (December 22, 2015)— Italpinas Development Corporation (IDC), the developer of Primavera Residences, had its ceremonial turnover of its second tower in Cagayan de Oro through a formal ceremony attended by unit owners and their families, partner brokers, banks, and contractors last December 16, 2015.

Gracing the event were Italpinas officials and VIPs namely IDC Chairman & COO Arch. Romolo Nati, IDC President Atty. Jojo Leviste who led the ribbon cutting with City Mayor Oscar Moreno and INVEST Officer Eileen San Juan followed by a blessing ceremony of the building with Msgr. Florencio Salvador of the St. Francis Xavier Chaplaincy.

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  In photo (left to right): Hon. Oscar S. Moreno (City Mayor), Arch Romolo V. Nati (IDC Chairman/COO) &  Atty. Jose D. Leviste III (IDC President) for the cutting of ribbon.

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  In photo: Blessing of Primavera Residences Tower 2

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 In photo (left to right): Atty. Jose D. Leviste III (IDC President), Jeanette B. Galleto (PRCC Property Manager), Arch Romolo V. Nati (IDC Chairman/COO) & Hon. Oscar S. Moreno (City Mayor); for the official turnover of keys by IDC to PRCC.

During the event, PRCC Administrator Jeanette Galleto formally turned over the key to one of Primavera Residences’ Tower 2 unit owners, Engr. Marie Cristy Lugtu with IDC key officers, Arch. Nati and Atty. Leviste.

From an interview with Sunstar Cagayan de Oro, Atty. Leviste when asked why they invested in CdO, he said, “We really believe that Cagayan de Oro has a growth rate that’s much more exciting than other cities. The Philippines itself is growing very fast but I think it’s time now to be more sophisticated about where we go within the Philippines because we can see that there is growth within the growth. There are stories that are definitely hyper-prospective for investors and CdeO, we believe, is one such story. We think that our experience so far has proven that.”

One of the key features of Primavera Residences is its eco-friendly design which results to a decrease in energy consumption of up to 20%. This is due to the high performance design of the building which includes cross ventilation, shading, and passive cooling features. The photovoltaic solar panels are already installed at the roofdeck to power the common areas of both buildings.

Primavera Residences is a twin tower, ten-storey mixed-used property located in uptown Cagayan de Oro City. It was recently awarded as the first and only condominium project to be certified by the IFC World Bank’s EDGE (Excellence in Design for Greater Efficiencies) in East Asia.

“In the future, there are plans for this particular precinct of the city to be developed, for other parts of CdeO to be developed. So the dynamic is changing, the center of gravity is changing in CdeO itself as a growing city, so all of these represent unprecedented opportunity,” furthered Atty. Leviste through an interview with Sunstar, “We do have plans to develop our second project, also here in uptown CdeO, so we look forward to presenting that once it’s ready.”

For inquiries, call 088-880-5002 or visit www.primaveraresidences.com.

Italpinas soars anew: World Bank’s IFC awards Primavera Residences with its 1st EDGE completed condominium project in East Asia

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IFC, a member of the World Bank Group, the innovator of EDGE (“Excellence in Design for Greater Efficiencies”), has awarded its green building certification to CDO’s twin-tower Primavera Residences, a mixed-use mid-rise condominium development in Cagayan de Oro, Philippines. The twin-tower building is the flagship development of Italpinas Development Corporation (IDC) in its thrust to build quality and sustainable homes to emerging market cities in the Philippines.

Dubbed to be the first completed condominium project in East Asia, Primavera Residences and IDC take pride in having reached EDGE’s qualifications to be certified.

“This is a proof that IDC delivers its commitments of being a genuine sustainable real estate developer. We maintain our propositions and we are proud to see Primavera Residences be recognized as a green building by an international rating agency which is part of IFC of The World Bank,” Arch. Romolo Nati, IDC Chairman and COO, said.

IFC’s EDGE (“Excellence in Design for Greater Efficiencies”) is a new green building certification system created for emerging markets. It provides clients with technical solutions for going green and captures capital costs and projected operational savings, in order to prove the business case for building green. While the drivers behind EDGE are financial, the results are environmental – EDGE helps mitigate climate change by encouraging resource-efficient development.

To qualify for EDGE certification, companies must utilize the EDGE software to prove their building design will reduce energy, water, and embodied energy in building materials by at least 20 percent compared to a conventional building.

“Now that our building has been certified green by the World Bank’s IFC, our units also increased its value in terms of being genuinely eco-friendly with its green features. IDC, once again, has proven to be able to deliver profit not only to shareholders but also to the most important stakeholders—our valued residents,” Nati concluded.

One distinct feature of Primavera Residences’ facade is the set of cantilevers that surround the building. Apart from making the building look unique and modern, these ledges serve to create a shadow from within, thus keeping direct sunlight from getting through the windows and reducing the heat in the unit. This is best experienced especially in the balcony of a two-bedroom unit.

The green inner courtyard within the building is also designed to increase natural ventilation, keeping the air across the units cool while pushing warm air out through the roof. Photovoltaic solar panels are also installed on the rooftop to produce the building’s own energy and power its common areas.

To know more about the first EDGE-certified condominium project in East Asia—Primavera Residences, you may visit their website at www.primaveraresidences.com or call them at (088) 880-5002 or (+63) 917 794 2221.