Primavera Residences wins Leadership in Green Building in PHILGBC Awards 2016

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

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.

IMG_20160714_195944

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

13775844_10154568071427262_6718018572871989741_n

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

13716047_10154568070712262_5554034695860952823_n

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

Miss Earth England Katrina Kendall experiences Primavera Residences

CAGAYAN DE ORO CITY— Miss Earth England 2015 Katrina Manaya Kendall, together with her mother, Floramae Manaya have visited Cagayan de Oro again and was welcomed warmly by its people.

Kendall who is a Filipino-British citizen, 26, is back in Cagayan de Oro after visiting different countries to do charity work and environmental awareness campaign.

Shared Green Advocacy

While busy spreading her green advocacy by getting in touch with the local youth, whom she encourages to become eco-volunteers and plant more trees, she gets her much needed rest at Primavera Residences, which is currently her home away from home.

13054644_1030648126970269_1699605294_o   13054729_1030004297034652_1541961485_o

Photos: Miss Earth England Katrina Kendall with Italpinas Staff

Italpinas Development Corporation, the developer of multi-awarded Primavera Residences, shared the same advocacy as the reigning Ms. Earth England.

Kendall graduated with a first class master’s degree in chemistry from University of Edinburgh, specializing in environmental and sustainable chemistry.

Primavera Residences has been actively promoting green advocacies in the city and has won numerous local and international awards for its eco-friendly architecture. Featuring the best principles of passive cooling technology: shadow and sunlight control, wind cooling and shape performance, the project has been cited as one of Asia’s top 10 clean energy projects because of its capacity to help residents save as much as 32% on overall energy consumption.

Do you want to know more about Primavera Residences and its advocacies? You may call 0917 794 2221 or (088) 880 5002. You can also visit their website by clicking here.