Developer of Primavera Residences Strengthens Its Brand through Green Partnerships

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Supporting its goal of designing and building eco-friendly properties in the Philippines, Italpinas Euroasian Design and Eco-Development Corporation (ITPI Corp.) cements its commitment to a more sustainable future by becoming a member of several local and international green organizations.

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ITPI is an Italian-Filipino real estate property developer specializing in green architecture and innovative design. Its first project is Primavera Residences, a 10-story mixed-use property development in Cagayan De Oro City that boasts of environment-friendly features.

Established in 2009, ITPI has been a sustaining member of the Philippine Green Building Council (PHILGBC) since March of the same year. It became a regular member in January 2012. PHILGBC is a non-profit organization that aims to promote and share the best practices in sustainable development as well as be the avenue for the creation of a green building rating system in the country.

In February 2014, ITPI became a member of the US Green Building Council (USGBC). The USGBC is a leading advocate of green building in the United States that initiated the Leadership in Energy and Environmental Design (LEED) certification. The organization certifies project developments that meet the criteria for eco-friendly building strategies and practices. Part of its advocacy is to partner with international organizations from various industries to boost sustainable building practices. PHILGBC is one of USGBC’s affiliated partners under the organization’s global alliance network.

“We are proud to be a member of this global network that continuously upholds the best practices in building sustainable developments. Through this membership, we hope to share our knowledge in building green environments as well as learn from other innovative leaders,” said ITPI executive chairman and CEO Romolo V. Nati.

ITPI’s projects also get support from the Climate Technology Initiative- Private Financing Advisory Network (CTI-PFAN), whose funding partners include the Asian Development Bank (ADB) and the United States Agency for International Development (USAID). In 2010, CTI-PFAN recognized Primavera Residences as a Promising Clean Energy Investment Opportunity; in 2013, it awarded ITPI’s upcoming mixed-use development project in CdO, Primavera City, as among the top ten most promising clean energy investment opportunities in the Philippines.

ITPI’s advocacy does not end in sustainability and environment conservation. It is also an avid supporter of Habitat for Humanity, a non-profit that builds decent and affordable housing for people in need; CARA Welfare Philippines, a non-government organization that promotes compassion for animals and responsible pet ownership; and Enactus, a global non-profit network of students, business and academic leaders that aim to uplift the lives of people through social entrepreneurship.

ITPI is also a member of the Italian Chamber of Commerce in the Philippines (ICCP) since March 2014. ICCP is a national organization that supports and strengthens partnerships between Italian and Filipino companies. ITPI’s membership in ICCP enables the company to build stronger connections with other Italian companies as well as receive support in promoting its objectives.

For more information about Primavera Residences, call: (088) 310-8173 or 0917-7921078.

LEED-certified green builder to complete construction of Primavera Residences tower B

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primavera construction on sked3

In a bid to live up fully to its avowed commitment to green building practices and sustainable property development, ITPI Corp. (ItalPinas Euroasian Design and Eco-Development) has chosen to entrust the construction of the second tower of its Primavera Residences to a green-certified construction firm.

ITPI has entrusted the construction of Primavera Residences Tower B to the First Orient Development and Construction Corporation (FODC), a reputable engineering and construction company that is certified by global green and business certification bodies. This second tower is expected to be completed by the third quarter of 2014.

FODC is LEED (Leadership in Energy and Environmental Design) -certified. This means that all its projects satisfy stringent environmental standards throughout their entire building lifecycles. The LEED program also provides third-party verification of green buildings and recognizes best-in-class building strategies. LEED Certification is given by the US Green Building Council (USGBC).

“We wanted to find a construction firm that is consistent with ITPI’s commitment to protecting the environment, which is why we chose FODC,” said Engineer Rolly Policarpio, the president of Manila-based Prompt Managers & Construction Services, Inc., which has been commissioned by ITPI to manage the construction of Primavera Residences.

Manila-based FODC is also a bigger and highly qualified firm, the ITPI construction manager said.

ITPI chose FODC also because protecting the environmental and safeguarding human life are both explicitly included in its mission statement, Policarpio said.

Construction is on schedule, he also said, adding that up to the fourth floor of Tower B has been completed as of the end of November 2013.

Primavera Tower B on schedule
Primavera Tower B on schedule

Eco-friendly condominium

Primavera Residences is ITPI’s eco-friendly condominium development at the Pueblo de Oro Business Park in Cagayan de Oro City. It is made up of two 10-storey towers, both of which incorporate a state-of-the-art energy-saving design that cuts building energy consumption by up to 30 percent.

Tower B will provide 166 residential units to serve young urban professionals, families of overseas Filipino workers (OFWs), balikbayans, expatriates and other buyers. Units are now pre-selling.

Meanwhile, Tower A, which has a total of 161 units, was completed and launched in July 2012.

To date, over 200 units from both towers have been sold. 2-bedroom units sell for around PhP4.8 million, while smaller-cut 1-bedroom units sell for PhP2.1 million.

FODC is also prequalified by Dun & Bradstreet Philippines Inc., a global leader in business intelligence that helps firms mitigate credit and supplier risk, increase cash flow, drive increased profitability, increase revenue and expand business opportunities.

A version of this story was also published by BusinessWeek Mindanao

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