ITPI expansion (published in Manila Standard Today)

Italian Architect Romolo V Nati and Filipino Lawyer Jojo Leviste

Italian Architect Romolo V

Nati and Filipino lawyer Jojo Leviste team up to develop eco-logic properties in the Philippines

They founded ITPI Corp

, which is now pursuing a  $600-million expansion plan over the next six years

Green building developer ITPI Corp

(Italpinas Euroasian Design and Eco-Development Corp) is scouting for investors to pursue its expansion plan that involves developing $600 million worth of projects over the next six years

ITPI said it planned to expand nationwide from developing mixed-use buildings to developing condotels, hotels, resorts and ‘beach mixed communities

“We are set to develop at least $200 million worth of projects within the next six years,” Italian architect Romolo Nati, ITPI executive chairman, said

Nati said there were plans to increase the company’s capitalization as it prepared for an initial public offering in the next two years

“We are preparing to increase our authorized capital

to attract new equity investors as we envision an initial public offering in the next two years,” he said

The company’s capitalization is currently at around P50 million

Nati said the company would increase capitalization in the first quarter next year and was now searching for a financial advisor for the deal

“We started small and now we’d like to expand because we are appreciated by the market

We need new investors to help us develop new projects,” Nati said

Published 9 December 2013 in Manila Standard Today

Written by Alena Mae S

Flores

Green energy property developer sets $200-M expansion (published in The Philippine Star)

Filipino Lawyer Jojo Leviste and Italian Architect Romolo V Nati

Filipino lawyer Jojo Leviste and Italian Architect Romolo V. Nati: Business leaders in green energy property development in the Philippines

Green energy property developer Italpinas Euroasian Design and Eco-Development Corp. (ITPI) is planning to expand its operations with $200 million worth of projects in the next six years, its top official said over the weekend.

Aside from Primavera Residences, its first real estate project located in Cagayan de Oro, ITPI plans to expand operations nationwide by developing mixed-use buildings, condotels, hotels, resorts and ‘beach mixed communities.’

“We are set to develop at least $200 million worth of projects within the next six years,” said architect Romolo Nati, ITPI executive chairman and chief executive officer in a press briefing on Friday.

One project on ITPI’s drawing board is a larger mixed-use development in Cagayan de Oro City, whose design was awarded the “Most Promising Clean Energy Investment Opportunity in the Philippines” this year by Climate Technology Initiative-Private Financing Advisory Network, a group that looks into clean energy projects.

Nati, however, refused to divulge more details on the project.

The other ITPI development in Sto. Tomas, Batangas is a $124.5 million, 120,000 sqm, mixed-use development that features several buildings designed to resist extreme weather conditions.

ITPI cites $200-million developments (published in BusinessWorld)

location_primavera_3

ITPI Corp

plans to spend some $200 million to develop mixed-used projects in Luzon and Mindanao, the firm’s top official told reporters on Friday night

“We are set to develop at least $200 million worth of projects within the next six years,” Romolo V

Nati, ITPI’s executive chairman and chief executive officer, said over dinner in Makati City

The Italian architect said the company will start construction of two projects — to be located in Batangas and Cagayan de Oro City — next year

“One project on ITPI’s drawing board is a larger mixed-use development in Cagayan de Oro City,” Mr

Nati said, even as he refused to give details

ITPI has an existing 10-storey, twin-tower condominium complex in the city known as Primavera Residences

The $11-million project is located on a 19,000-square-meter (sq

m

) site

The first tower was completed in September last year, while the second one is expected to be completed in April 2015

Besides expanding its presence in southern Philippines, ITPI is also set to invest more than $100 million for a mixed-use development in Batangas

“The other ITPI development in Sto

Tomas, Batangas is a $124

5-million, 120,000-sq

m

, mixed-use development that will feature several buildings that are designed in a climate change-resistant round shape,” said Mr

Nati, adding that all the company’s projects use existing green building technologies

 

Mr

Nati added that the company plans to hike its authorized capital stock by yearend “to attract new equity investors as we envision an initial public offering in the next two years,” but declined to provide details

 

Published 9 December 2013 on Business World 

Written by Claire-Ann Marie CFeliciano