The Board of Investments (BOI) recently gave ITPI the approval for registration under the 2012 Investment Priorities Plan (IPP) for Tower B of Primavera Residences, the first eco-friendly and multi-awarded condominium in Cagayan de Oro city.

THE Board of Investments (BOI) recently gave ITALPINAS Euroasian Design and Eco-Development Corporation (ITPI) the approval for registration under the 2012 Investment Priorities Plan (IPP) for Tower B of Primavera Residences, the first eco-friendly and self-sustaining condominium in Cagayan de Oro city. The first tower of Primavera Residences has already been registered with the BOI, which was approved on April 12, 2012.

The Italian-designed Primavera Residences is composed of two 10-storey towers located in the masterfully planned Pueblo de Oro Business Park in uptown Cagayan de Oro City. Tower A, whose occupancy permit for unit acceptance was given on September 12, 2012, has a capacity of 162 residential and commercial units, ninety percent of which are already sold, while the rest are already being rented out.

“Being the first green building in CdO is really a great advantage,” says Arch. Romolo V. Nati, Chairman and CEO of ITPI. “We are setting the trend here in the most competitive city in the Philippines. We also purposely selected to put our project in uptown Cagayan de Oro because of its good urban planning, better air quality and higher land area – 110 meters above sea level – making it practically a flood-free zone,” adds the Italian architect.

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BusinessWeek Mindanao: 22 August 2013

Ciao, and till next time!

Misamis Oriental Gov. Oscar S. Moreno cuts the ceremonial ribbon for the grand launch of Primavera Tower A, with the assistance of (lL-R) Non-Exective Chairman Jose P. Leviste, Jr., Italpinas; Engr. Syntax B. Manuta, VP-Ops, AVP Trading & Construction; Arch. Romolo V. Nati, Chairman and CEO, Italpinas and Pueblo de Oro Dev. Corp. President Rommel M. Leuterio. Mr. Moreno was recently elected Mayor of Cagayan de Oro City.

 

The builders of Cagayan de Oro’s first true green building recently assured the incoming administration of Mayor Oscar S. Moreno its offer to extend its services for free to the city’s plan to provide incentives for the construction of green buildings in Cagayan de Oro City still stands.

“We agree perfectly with the City Council on Environment and Natural Resources’ view that incentives would better serve to encourage the construction of eco-friendly buildings in the city rather than penalties,” said Architect Romolo V. Nati, chairman and CEO of Italpinas Euroasian Design and Eco-Development Corporation.

“We also wholeheartedly support the initiative of Architect Galua and Engineer Albina to set local green building standards which would encourage natural ventilation and reduce energy consumption,” he added.

Italpinas is the designer and builder of Cagayan de Oro City’s first real green building, the Primavera Residences at the Pueblo de Oro Business Park.

Earlier, the firm wrote to Councilor President D. Elipe, chairman of the said committee, through City Building Official Isidro Obligado (as chairman of the technical working group) offering its services for free as consultants in the study to set parameters for the granting of incentives for the proposed ordinance.

 

“We believe our track record in the design and construction of Primavera Residences would serve the TWG and your committee in good stead as it endeavors to lead the way for a more eco-friendly city,” the letter said.

Italpinas has already been cited three times internationally:

·         As one of the most promising clean energy investment opportunities in the Philippines  by the Climate Technology Initiative- Private Financing Advisory Networks (CTI-PFAN) Asia Forum for Clean Energy Financing during the 2nd annual Philippines Clean Energy Investor Forum held in Manila in 2011 (for Primavera Residences);

·         as one of the Best Condo Developments in the Philippines by the South East Asia Property Awards in 2011 (for Primavera Residences) in Singapore;

·         and, most recently, as one of the top 10 and only entry from the Philippines which made it to the finals of the CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-3) Business Plan Competition held February 22, 2013 in Singapore (for a new project).

Mr. Nati has a graduate degree in Architecture in Design from The University of Rome La Sapienza where he was graduated summa cum laude. He taught Green Architecture at the La Sapienza Faculty of Architecture and Master in Urban Landscape and Layers at the University of Tallin, Estonia Faculty of Architecture.

– by Mike Banos

 

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Featured in Kagay-an, 2 Jun 2013

 

Atty. Jose D. Leviste III, President and Architect Romolo V. Nati, Chairman and CEO of Italpinas EuroAsian Design and Eco-Development Corp. sign a PhP 180-million Green Development Loan with the Bank of the Philippine Islands (BPI) represented by Mr. Alfonso L. Salcedo, Jr., Executive Vice President and Group Head, Corporate Banking Division and Mr. Mario B. Palou, Senior Vice President. The loan will partially finance construction of Italpinas’ Primavera Residences Tower 2 in Cagayan de Oro City.

The Bank of the Philippine Islands (BPI) recently granted a PhP 180-million green development loan to Italpinas EuroAsian Design and Eco-Development Corporation to partially finance the construction of its Primavera Residences Tower 2.

The Bank of the Philippine Islands (BPI) recently granted a PhP 180-million green development loan to Italpinas EuroAsian Design and Eco-Development Corporation to partially finance the construction of its Primavera Residences Tower 2.

“BPI advances its Sustainable Energy Finance (SEF) by continuing to support the energy investments of its clients,” BPI said in a statement. “In collaboration with International Finance Corporation (IFC), the four-year old innovative financing approach funds various efficient and renewable technologies all over the country.”

The loan agreement was signed last month at the BPI Head Office by Architect Romolo Nati, Chairman and CEO, and Atty. Jose D. Leviste III, President, in behalf of Italpinas and by Mr. Alfonso L. Salcedo, Jr., Executive Vice President and Group Head, Corporate Banking Division and Mr. Mario B. Palou, Senior Vice President for BPI.

BPI is the third ranked universal bank in the country with over 809 branches (inclusive of 105 kiosks and five branches abroad) and 2,542 automated teller machines (ATMs) which together form Expressnet, the largest combined network of branches/kiosk units and ATMs, servicing the largest number of bank customers, including over one million overseas Filipinos.

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February 25, 2013, Mindanao Daily News

The Bank of Philippine Islands (BPI) grants the developer Italpinas a 180-million to finance its Primavera Residences Tower 2.

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February 20-21, 2013, Business Week Mindanao