Estimated economic expansion of 6.8 percent in 2012.
Estimated economic expansion of 7.2 percent in 2013.
Estimated economic expansion of 6.1 percent in 2014.
Estimated economic expansion of 6.7 percent in 2015.
Estimated economic expansion of 6.8 percent in 2012.
Estimated economic expansion of 7.2 percent in 2013.
Estimated economic expansion of 6.1 percent in 2014.
Estimated economic expansion of 6.7 percent in 2015.
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.
Finally something that we don’t see every day in Cagayan de Oro. The Italian Chamber of Commerce and the Italian Embassy in partnership with Oro Chamber present an extraordinary insight into the habits of an Italian, a real piece of Italy’s everyday life: The Italian Aperitivo.
Let’s take away all doubts right from the beginning: the Aperitivo is what it says: an aperitif, which is an alcoholic drink to be had at pre-dinner time to stimulate one’s appetite. In Rome or in Milan people gather for an aperitivo just after leaving office and drink wines, camparis, bellinis and a lot of other fancy drinks, cocktails and mixers. All this is accompanied by a buffet style of “antipasti”, Italian appetisers and finger foods like cold cuts, prosciutto, cheeses, panini and even spaghetti and other specialities. Doubt arises if this is a pre-dinner snack or real dinner?? Well, most often you wouldn’t want to eat anything else after an Aperitivo but Italians are known for eating so many do have late dinners thereafter.
The Aperitivo CdO is a lifestyle event where people gather and indulge in good conversation apart from sipping delicious wines and served with sumptuous buffet. Definitely a venue where worries and stresses have no home and where togetherness and friendship prevails.
This unique event should signify another step to Cagayan de Oro’s friendship with Italy and Italian culture and business. We have already witnessed the rise and shine of Primavera Residences by Architect Romolo Nati, now a pride of for all the city and other Italian companies active in servicing the bottling lines of Coca Cola. With the Philippine economy growing so is also Mindanao and the opportunities are unfolding. A growing mutual cooperation between public and private entities and also thanks to the efforts of Oro Chamber we shall see more foreign investments meaning more jobs for the local community. “If we keep a positive mindset and help each other for the common good then all the community can grow accordingly. Mindanao has a great future.” says Lorens Ziller, vice-president of the Italian Chamber of Commerce and maker of this international tie-up together with Engr. Cerael “Dodong” Donggay, president of Oro Chamber. The two chambers have a tie-up signing scheduled for the upcoming Oro Best Expo 2015.
Sunshine Paquibot, part of the organizing team, reminds us that there are limited tickets available for this event and all those who still want to be part of it should hurry to grab this opportunity.
Do you want to invest in a multi-awarded condominium development in Cagayan de Oro at the most reasonable deals? This month, Italpinas’ flagship development, Primavera Residences, offers a high-end kitchen modular system from October 1-31, 2015!
In a regular package, buyers get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets; however, this month of October, buyers are offered a FREE Kitchen Modular System!
“At Primavera, we always make sure to please our clients not only with world-class units and facilities but also with our promo offerings; that aside from the already affordable rates, we strive to make it even more reasonable. Indeed, today is the best chance to invest in Mindanao’s first and only multi-awarded eco-friendly building,” Gladys Magadan-Echano, Sales Director, expressed.
Primavera Residences is known for its energy-saving features that include cantilevers to protect the units from direct sunlight, and an indoor courtyard that maximizes the natural ventilation in the area. Just recently, solar panels that provide additional energy for the building’s common areas are already installed on the building’s rooftop. The building is also designed to withstand earthquakes and extreme weather and boasts of 24-7 security.
“We are not just giving them discounts but we give them the real thing. We want to add more value to our investors’ purchase; that it will not just be profitable, but they will also help the environment by purchasing from a development that is eco-friendly,” Echano stated.
Primavera Residences, the first development of Italpinas Development Corporation (IDC), is a 10-storey, two-tower building located at Pueblo de Oro Township offering residential, commercial and office spaces for lease and purchase. All units in the first tower are ready for occupancy while the second tower is slated to be completed this year. Buyers may choose from studio, one-bedroom and two-bedroom units.
Hurry! We only have few units left!
During the recently conducted Asia Pacific Housing Forum 5 satellite event in Manila last 3-4 September, IDC Chairman and COO Architect Romolo Nati talked about “Experiences in Green Buildings” under this year’s APHF theme ‘Building Impact’ following four tracks—Building Leadership, Impacting Communities, Building Markets, and Impacting Society.
The Asia-Pacific Housing Forum is a biennial conference organized by Habitat for Humanity. This year, the Housing Forum’s fifth iteration, the main event was from 1-4 September in Hong Kong while the Philippines held its satellite event on 3-4 September. The forum brought together housing developers engaged in seeking solutions to low-income housing issues that make business and economic sense. It aimed to educate and advocate decent housing as a pivotal tool in eradicating the poverty cycle.
Experiences in Green Buildings
Representing IDC is Arch. Romolo Nati, the chairman and COO of CDO’s premier sustainable condo development, Primavera Residences, who has been invited to the forum as a breakout session speaker. During his talk, he mentioned how nature is the solution to our current issues on the environment.
“There are patterns which can be found behind natural living structures. These processes, when studied and thoroughly examined, can be translated into architectural designs and sustainable solutions. This is known as biomimicry and it has long been in existence, but has simply been overloIoked amid all the new ways of doing things. Making nature as the basis of designing sustainable homes allows IDC to lower energy and resources consumption thereby reducing costs on electricity and water, among others,” Nati said.
IDC believes that nature holds the answer to sustainable design. Taking a cue from Mother Nature herself, the company strives to develop self-sustaining, flood-free, and earthquake-resistant structures which are inspired by the beauty and functionality of nature. These green structures fuse human technology with the best that nature has to offer.
IDC partners with HFHP Pagatpat Housing Project
Last May 2013, Italpinas Development Corporation sealed a partnership with Habitat for Humanity Philippines (HFHP) in support of both organizations’ mission to bring people together to build homes, communities and hope.
“Our advocacies complement each other’s vision and mission of providing eco-friendly, sustainable and affordable houses,” Arch. Nati said.
With the signed MOA with HFHP, IDC supported Habitat’s “I Build” Campaign through a donation which funded a specific portion of Habitat’s socialized housing project in Pagatpat, Cagayan de Oro.
Italpinas Development Corporation (IDC), the Italian-Filipino green property developer of Primavera Residences, sets its planned listing of P242-million initial public offering (IPO) on the Philippine Stock Exchange (PSE) on the last quarter of 2015.
Recently, IDC filed on August 28 an amended prospectus with the Securities and Exchange Commission (SEC). The company plans to raise P242 million from the offering of 57.622 million primary common shares to the public, priced at a maximum of P4.20 per share.
The number of shares to be sold, according to the prospectus, is equivalent to 26% of the company’s outstanding capital stock and 74% is under the names of the current shareholders.
Its major shareholders include Jose Leviste, Jr. (49.67%), Italian architect Romolo Nati (40%) and Jose Leviste III (4.76%).
IPO proceeds will finance Italpinas Development Corporation’s upcoming mixed-use sustainable development in Cagayan de Oro, Primavera City. After Primavera Residences, a new elegant high-rise and eco-friendly building in Cagayan de Oro offers the distinctive quality of living in an Italian-designed building with metropolitan standard development. Primavera City aims to be the landmark in sustainable developments as the combination of natural ventilation, solar energy, external louvers, water recycling, rain harvesting, and other green features exudes the exteriors and interiors of the property.
IDC will have a market capitalization of P930.8 million post-IPO from the current P480.68 million. Unicapital Inc. is appointed as the issue manager and sole underwriter of the transaction.
The expected net proceeds of P220.8 million after listing related expenses and taxes will supply the capital expenditures (capex) for new projects (P120.68 million); land banking acquisition (P47 million); retirement of existing loans (P20 million); and general working capital (P33.12 million). Proceeds of the IPO will be used in the fourth quarter of the year up to 2016.
Primavera Residences EDGE Certification
Recently, Autif Sayyed, Regional Green Building Specialist for the East Asia Pacific Region at International Finance Corporation (IFC), visited Primavera Residences to complete the stages of the building’s EDGE (Excellence in Design for Greater Efficiencies) certification as he recognized the building’s outstanding initiation and implementation of the green features.
EDGE is a new building resource efficiency system created for emerging markets, providing clients with technical solutions for going green and captures capital costs and projected operational savings.
Last August 15, 2015, a crowd of 500 gathered for the International Leadership Conference organized by Capitol University for their Executive Management Class of the Graduate School SY 2015-2016.
With the honorary presence of Filipino, American, Turkish, German and Italian lecturers and personalities, among which the Governor Vicente “Bambi” Emano who, during his speech, underlined his commitment to contintue to help Misamis Oriental grow in terms of Tourism and in terms of overall support to businesses with needed infrastructure.
Mr. Lorens Ziller, IDC Director for Corporate Affairs, spoke on behalf of Italpinas Development Corporation (IDC), the developer of Primavera Residences in Uptown CdO and announced that the second building of Primavera Residences is near to completion underlining the strong commitment of the company to deliver results for its many investors.
Ziller, also Vice President of the Italian Chamber of Commerce in the Philippines held a speech about the “Challenges and Opportunities in International Trade and Business” in which he underlined the new opportunities for business and partnerships that the Philippines has with ASEAN with a brief on what we should learn from the European Union Integration process on how it happened and who benefited the most in the aftermath.
He also spoke about the new GSP+ “tariff-zero” admission of the Philippines with the EU for a large variety of goods manufactured and produced in the country and how this benefits and cascades into different industries from logistics and banking to real estate.
In the end he spoke about the importance of international networking and the participation in associations or entities like the ICCPI (the Italian Chamber of Commerce in the Philippines) which promotes partnerships and cooperation between Filipino and Italian companies for import/export opportunities and cross-country investment.
The Italian Chamber, after the very successful “Aperitivo Italiano” networking events, is seeking new tie-ups with local chambers and plans to hold a series of similar events also in Mindanao and Visayas. On behalf of IDC he said that the exciting designer building should possibly be handed over within the next 60 days.
This proves the value behind this young development corporation who, apart from keeping up to the promise of his investors is also apparently preparing for public listing within the next few months increasing the returns for its own investors even further.
Explaining the success of this Filipino-Italian company citing Napoleon Hill he finished with: “The only limits are those created by our mind” meaning that, where there is a will to succeed even in difficult circumstances there is a way if we don’t allow our imagination to see our success, which gained him a large applause by the present crowd.
The conference underlined the commitment from several private and institutional parties that a successful and growing Misamis Oriental with and International mindset will benefit all classes of society and bring new jobs and opportunities into an already thriving business environment. Where education, business and institutions are cooperating harmoniously there is definitely a strategic advantage for all concerned parties and ultimately for the people and our next generations. (Lorens Ziller, Corporate Affairs Director)
Last August 26, 2015, Mr. Autif Sayyed, a Green Building Specialist of World Green Building Council, visited Primavera Residences to meet with Engr. Aldwin Nilles and Ms. Melissa San Jose, general manager of Primavera Residences.
Mr. Sayyed visited the green building to complete the stages of Primavera Residences’ EDGE (Excellence in Design for Greater Efficiencies) certification. EDGE is a new building resource efficiency system created for emerging markets, providing clients with technical solutions for going green and captures capital costs and projected operational savings.
Autif Sayyed is the Regional Green Building Specialist for the East Asia Pacific Region at International Finance Corporation (IFC). He provides technical support to IFC’s green building programs in the emerging EAP countries, namely Indonesia, Philippines, Vietnam and China. His primary focus is on close cooperation with government counterparts and private sector stakeholders in order to initiate and implement green buildings regulatory changes. He also provides support to governments in the region on development of long term green building strategy, capacity building of building professionals and government officials and creating opportunities for funding green buildings.
Do you want to know more about Primavera Residences? Call us now at +63 917 794 2221 or (088) 880-5002.
On August 18, 2015, Primavera recently established partnership with Pueblo de Oro Golf Club as the green condominium development’s official golf partner. Pueblo de Oro Golf is an 18 hole, par-72 championship golf course intricately designed by Architect Robert Trent Jones II International.
The golf course was inaugurated on May 5, 1998 by President Fidel Ramos and was heralded as one of the finest in the Philippines with a majestic driving range, clubhouse, and tee houses. Strategically placed sand bunkers and grass add to the variety of challenges in this course.
“Our partnership with Pueblo de Oro Golf Course is just one of the add-ons that we give our tenants. We aspire to always provide them with the best options and deals,” Melissa San Jose, IDC general manager, said.
As the first eco-friendly property in Cagayan de Oro, Primavera Residences is a front-runner in promoting and supporting green advocacies and projects in the city. Also committed in sustainable properties, Primavera makes sure to fully support projects that stimulates environmental campaigns in the city.
Primavera Residences’ developer, Italpinas Development Corporation (IDC), won numerous local and international awards for its contemporary design with natural airflow through inner spaces, and architectural elements designed precisely for the location’s latitude to shade the building’s surface from the sun throughout the year. 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 air-conditioning energy consumption.
Primavera Serviced Residences offers long and short term stay
The 10-storey condominium property in uptown Cagayan de Oro offers serviced apartments with hotel-like services that are a less expensive and homier option for visiting businessmen and travelers and golfers.
All the units for rent are fully fitted with kitchen, cable TV, refrigerator, and air conditioning. Amenities include a green inner courtyard for natural lighting and ventilation, 24-7 security, CCTV, indoor pool, gym, function hall, laundry station, and twin elevators. Located in the booming business and commercial area in uptown Cagayan de Oro, it is just walking distance to SM City CdO, and easily accessible to public transportation, and Pueblo de Oro Golf Course.
“This coming August 27-30, Pueblo de Oro Golf is holding a tournament. I’m inviting all golfers to join the event and experience “Higalaay”. As you join this prestigious gold tournament, make Primavera Residences your home as we have prepared exciting promos just for you,” San Jose concluded.
To know more about Primavera Residences and its partners, you may reach them at (088) 880-5002, (+63) 917 864 4061, or email them at email@example.com. You can also access their website at www.primaveraresidences.com.
Last July 25, BusinessWeek Mindanao, together with its sister publications, awarded 10 business individuals and organizations and 15 special citations to establishments and personalities at the 4th Mindanao Business Leaders and Entrepreneurs Awards.
For the fourth time, BusinessWeek Mindanao consistently gave recognition to the most deserved magnates that have massively contributed to the economic development of Mindanao.
One of the 13 special citations is Primavera Residences for being the Best Leader in Real Estate Development for Green Condominium.
“It was an honor to receive the award on behalf of the people behind the success of this development. We share this award with fellow Kagay-anons as we provide them an eco-friendly place to live in,” Cesar Stefan Rago, Italpinas’ Public Relations and Marketing Officer, said.
The following were the awardees – Mega Entrepreneur Jose Alvarez, Darling Foods Corporation (Food Production and Marketing), Ecoverde Homes (Housing and Realty Development), MASS-SPECC Coop Development Center (Cooperatives), N Hotel (Hotel Industry), Thai Me Up (Outstanding Franchisee), Botoy’s Lechon Manok (Outstanding Franchisor), Apple Tree Resort & Hotel (Resort and Entertainment), Gama Foods Corporation (Agro-Industry Leader) and Vjandep (Micro Entrepreneur).
Special citations were given to the following: Tieza general manager Mark Lapid (Outstanding Tourism Leadership), DOT 10 director Catalino Chan III (Tourism Promotion), Apple Tree Resort & Hotel (Tourism Development), RR Family Spring Resort (Outstanding Tourism Destination), jointly the city government of Tangub and the municipal government of Maramag, Bukidnon (Outstanding LGU in Tourism Development), the city government of Ozamiz (Outstanding LGU in Economic Enterprise Development), Mimi Parrel-Pimentel (Outstanding in Fashion Industry), jointly the provincial governments of Bukidnon and Misamis Oriental (Outstanding LGU Healthcare Program), jointly Paglaum Multi-purpose Cooperative and NARCICO of Compostela Valley (Cooperative Development), Holcim (Social Responsibility Program), Johndorf Ventures Corporation (Housing Industry Development), Primavera Residences (Green Condominium), MCDC and Ecoverde Homes (Socialized Housing) and Tesda Misamis Oriental provincial director Leo Velez (Business and Industry Integrator).
“Entrepreneurs go through the process of having business plans, acquiring human and other required resources, and are fully responsible for their success or failure. One of the reasons we have the Mindanao Business Leaders and Entrepreneurs Awards, which is on its fourth year now, is because we are with you — businessmen and entrepreneurs — all through these years, and we celebrate in every step you make to success. Let me and BusinessWeek lead you exactly there.” Sudaria said.
IDC’s premier project in Cagayan de Oro – Primavera Residences, a green, mixed-use development – was built to serve the city’s increasing demand for affordable housing with sustainability in mind. It was awarded this year as the Best Mixed-Use Development in the Philippines by the Asia Pacific Property Awards.
To know more about Primavera Residences, you may visit www.primaveraresidences.com or call 088-880-5002.