In its push to create high-quality, sustainable buildings in emerging cities in the Philippines, Italpinas Development Corporation (IDC) has built the mid-raise twin-tower Primavera Residences in uptown Cagayan de Oro, northern Mindanao. In 2015 Primavera Residences has been certified by EDGE.
Continue reading “Primavera Residences: Excellence in Design for Greater Efficiencies (EDGE) Certified Building”
GREENBUILDER Italpinas Development Corp. (IDC) said it has made a partial down payment of P1 million for a portion of land that it is buying for its Primavera City project in Cagayan de Oro City.
Primavera City is a seven-building mixed-use condominium development in Cagayan de Oro City that will offer residential units as well as some commercial and office components.
In a disclosure to the Philippine Stock Exchange on Friday, IDC also said it has paid a reservation fee of P100,000 for the piece of land, which is located at Block 20, Lot 1, Pueblo de Oro Business Park, Carmen, Cagayan de Oro City.
The company did not disclose the full purchase price of the parcel of land.
Earlier this month, IDC announced that it is set to break ground on the Primavera City development in the second quarter of the year.
It said construction of the building will be in various phases, and Phase 1 will involve construction of two towers with 11 floors each.
The two towers of Phase 1 will have 337 units, of which 57 will be commercial units, 231 will be studio bedroom units, and 27 will be two studio-bedroom units.
Last November, IDC vice president for banking and business development Harold Dacumos said that the development cost for Phase 1 is estimated at P670 million.
Primavera City is IDC’s follow-up to its flagship Primavera Residences project, which is also in Cagayan De Oro. The said project was given recognition by the International Finance Corp. after it received the World Bank Group’s Excellence in Design for Greater Efficiencies (Edge) certification.
Source: Manila Times
Certified green builder Italpinas Development Corp. (IDC) will shortly launch a new condominium development, where buyers will not only own a topnotch home, but also enjoy the benefits of an innovative solar-power system.
IDC’s Primavera City in Cagayan de Oro City is designed with an onsite solar-power plant component that should produce around 1.4 megawatts of power.
IDC President Jose D. Leviste III said that by investing in an economically sized solar-power system, the residents of Primavera City will enjoy a lowered cost of living, as the system contributes solar power to the building’s various functions.
The building’s lessened dependence on expensive power from the grid makes it an innovation not just in aesthetics and design, but also in the economics of condominium living, he noted.
IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Primavera City’s solar plant component is consistent with the company’s thrust of building only sustainable and ecologically sound condominium buildings.
“The company’s unique marketing proposition is to offer distinctive energy-efficient, passive and active eco-friendly green-building concept with beautiful contemporary Italian-Filipino design, while continuously improving the quality and accessibility of its residential and commercial properties to satisfy the housing and business needs of the expanding Philippine population, and the desire of overseas Filipino workers, balikbayan and expats to secure properties in new emerging cities in the country, as well as the increasing sophistication of the market and its demand for style and comfort,” Nati emphasized.
Primavera City’s value proposition, he added, revolves around the unique integration of renewable energy with real-estate development. “Once the capacity to implement the solar PV system for condominiums is refined, the power generated from solar energy may spin off to another business ventures, which target other residential, office and commercial buildings.”
The publicly listed IDC made its mark in the real-estate industry as the first Philippine company certified by the International Finance Corp. (IFC)-World Bank Group’s “Excellence in Design for Greater Efficiencies” (EDGE) program for its flagship project also in Cagayan de Oro City, the Primavera Residences.
It recently announced that the launch of Phase 1 of Primavera City has been set in the second quarter of the year. It involves the construction of two towers of integrated multifunctional buildings (commercial, office and residential) project with 11 floors each. Located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro), Phase 1 of the project entails an investment of about P653 million for two towers. When fully complete, Primavera City is planned to consist of seven green buildings, including a high-rise tower.
The two towers of Primavera City Phase 1 are designed to have 337 units, 57 of them commercial units; 231 are studio type; 22 are one-bedroom units; and 27 are two-bedroom units; and around 100 parking slots. Their average sizes are 50 to 60 square meters for commercial units, 28 sq m for studio-type units, 47 sq m for the single-bedroom units and 70 sq m for the two-bedroom units.
IFC Global Green Building Specialist Prashant Kapoor, IFC World Bank Legal Advisor and IFC Philippines head of Green Building Program Tess Lacerna and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A & B as the “First Completed Condominium Project in East Asia Certified by EDGE.”
EDGE is an accreditation body of the IFC-World Bank Group. It helps property developers build and meaningfully brand their properties as “green.” It is the highest and most desirable program in the international real-estate industry. EDGE is supported by a software that encourages solutions to reduce energy, water and energy consumption by at least 20 percent, which is the standard for EDGE certification.
Source: Business Mirror
MANILA, Philippines – Italpinas Development Corp. is ready to launch its Primavera City project in Cagayan de Oro City in the second quarter.
IDC chairman and COO Romolo Valentino Nati, an Italian architect, said the first phase of the project involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each.
The project with an investment cost of P653 million is located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro).
“Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipinos but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said.
The company will start construction of the project in the third quarter with completion targeted in the third quarter of 2018.
IDC president Jose “Jojo” D. Leviste III said the two towers would have 337 units, 57 of which are commercial units while 231 are studio-type, 22 are one-bedroom units, and 27 are two-bedroom units.
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“We will conduct extensive marketing for our target buyers that include employed and/or self-employed individuals with gross family income of at least P50,000 such as local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others. With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home owners, but also for investors,” said Leviste, a lawyer.
Nati said Primavera City is targeted to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others.
Written by: Iris Gonzales
Source: The Philippine Star
Listed green builder Italpinas Development Corp. hopes to launch its new condominium project in Cagayan de Oro in the second quarter of 2016, a little later than its earlier first-quarter target.
In a statement, Italpinas said it is set to launch Primavera City by the second quarter, targeting first-time homebuyers as well as investors.
“We will conduct extensive marketing for our target buyers that include employed and/or self employed individuals with gross family income of at least P50,000, such as local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others, said Italpinas President Jose Leviste III, a lawyer. “With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home owners, but also for investors.”
Primavera City is a seven-building mixed-use condominium development in Cagayan de Oro City, which will offer residential units and a few commercial and office components.
Italpinas Chairman and Chief Operating Officer Romolo Valentino Nati said the construction of the building would come in phases.
Phase 1 involves the construction of two towers with 11 floors each.
“Primavera City is a fitting follow-up to our highly successful and multi-awarded Primavera Residences, which caught the fancy of not just Filipino but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said.
For its flagship project, Italpinas made a mark in the local real estate industry as the first Philippine company to get a certification of the International Finance Corp.-World Bank Group’s Excellence in Design for Greater Efficiencies (Edge).
Leviste said the first two towers would have 337 units, 57 of which are commercial units, 231 studio bedroom units, and 27 two-bedroom units.
“Their average sizes are approximately 50 to 60 square meters for commercial units, 28 square meters for studio type units, 47 square meters for the single unit bedroom units, and 70 square meters for the two bedroom units.” the firm’s statement said.
Last November, Italpinas Vice President for Banking and Business Development Harold Dacumos pegged the development cost for Phase 1 alone at P670 million.
Dacumos said the seventh building of the development would function as a 32-story condotel project that might start construction in 2020.
The mixed-use development will also offer a commercial area on the ground floor, two floors of office space in the first building, and another two floors for parking in the second building.
It also fosters sustainability, as it features eco-friendly elements, such as the photovoltaic panels that will generate energy for the building’s consumption.
Primavera City is located at Pueblo de Oro Business Park, Upper Carmen town, Cagayan de Oro City.
Source: Manila Times
IDC made its mark in the real-estate industry as the first Philippine company certified by the International Finance Corp. (IFC)-World Bank Group Excellence in Design for Greater Efficiencies (EDGE) for its flagship project, also in Cagayan de Oro City, the Primavera Residences.
IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Phase 1 of Primavera City involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each.
Located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro), the project entails an investment of P653 million.
“Primavera City is a fitting follow-up to our highly successful and multiawarded Primavera Residences, which caught the fancy of not just Filipino, but even foreign buyers and property experts for its modern Italian design infused with eco-friendly architecture,” Nati said.
The grand launch will be in the second quarter, and start of construction of the Primavera City Phase 1 is during the third quarter of 2016.
IDC targets the completion of the project and the turnover of its units to their owners by the third quarter of 2018.
IDC President Jose D. Leviste III said the two towers of Primavera City Phase 1 will have 337 units: 57 of them commercial units, 231 are studio type, 22 are one-bedroom units and 27 are two-bedroom units.
Their average sizes are 50 to 60 square meters (sq m) for commercial units, 28 sq m for studio-type units, 47 sq m for the single-bedroom units, and 70 sq m for the two-bedroom units.
“We will conduct extensive marketing for our target buyers that include employed and/or self-employed individuals with gross family income of at least P50,000, such as local entrepreneurs, small- and medium-sized enterprises, overseas Filipino workerss, young professionals and retirees, among others. With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time homeowners, but also for investors,” Leviste, a lawyer, said.
Nati said Primavera City is envisioned to be another IDC award-winning sustainable-development project, with its passive green features, such as increased natural ventilation, shaded façade and semi-transparent photo-voltaic panels covering the amenities located on the rooftop, among others.
The project has been recognized as highly commended condo by the Climate Technology Initiative Private Financing Advisory Network in Singapore in 2014.
IFC Global Green Building Specialist Prashant Kapoor, IFC World Bank Legal Advisor and IFC Philippines head of Green Building Program Tess Lacerna and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A and B as the “First Completed Condominium Project in East Asia Certified by EDGE.”
EDGE is an innovation of the IFC-World Bank Group. It helps property developers build and brand their properties “green.” It is the highest and most desirable program in the international real-estate industry.
EDGE is supported by a software that encourages solutions to reduce energy, water and energy consumption by at least 20 percent, which is the standard for EDGE certification.
IDC has notched a series of milestones and achievements. It recently had its successful listing at the Philippine Stock Exchange.
Source: Business Mirror
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Looking back to an accomplishment we are very proud of. Last December 7, 2015, Primavera Residences’ very own developer, Italpinas Development Corporation (IDC), finally made its PSE Debut.
Our very own Arch. Romolo Nati (IDC Chairman/COO) and Atty. Jose D. Leviste III (IDC President) shares company’s success in Bloomberg TV Philippines.
To know more, check out this video below:
Watch Italpinas CEO Arch. Romolo Nati as he shares his blueprint for success in Bloomberg TV Philippines‘ Thought Leaders.
From a young little boy whose dreams were in designing cars now becomes the “Man of Green Architecture”.
To know more, watch this video:
(in photo) 2015 Sales Awardees: Engr. Marie Cristy Lugtu (left) from Slicers Realty – Top Seller, Rolando Rañoa (upper right) from CDO Brokers & Assoc. – 2nd Top Seller, and Sherwin Salamanca (lower right) from Leuterio Realty – 3rd Top Seller.
Cagayan de Oro, Misamis Oriental (February 13, 2016)— Primavera Residences, IDC’s multi-awarded green mixed-use development in Uptown Cagayan de Oro, recently paid tribute to its valued realty partners, brokers and agents for being reliable supporters of sustainable development and eco-friendly living in Cagayan de Oro.
Last January 29, 2016, Primavera Residences awarded the top sellers and brokers at a Ballroom-themed annual sales awarding in the property’s La Rondine Hall with a series of ballroom dances by Gerard Suarez.
Primavera Residences awarded its top realties, namely: Slicer’s Realty, CDO Brokers & Association, and Leuterio Realty. Slicer’s Realty took home the top prize, while CDO Brokers & Association and Leuterio Realty came in second and third place, respectively. Each realty was recognized for their dedication and commitment to serving clients with honesty and integrity.
The top sellers, on the other hand, were awarded to Marie Cristy Lugtu, Rolando Rañoa, and Sherwin Salamanca. Lugtu garnered the top position while Rañoa took the second place and Salamanca came in third place.
All sellers who produced sales from July-December 2015 also shared the pot money of P100,000 as additional surprise for delivering quality homes and investment to its clients.
Primavera Residences sales director Gladys Echano expressed her appreciation and support for all its realty partners: “Rest assured that IDC will always be here for all the brokers and agents who will continue to share their time and expertise with us.”
“2015 has been one of the best years of Italpinas. We recognize all the agents and brokers’ for their continuous efforts in supporting us. We promise to continue to accommodate them with the best of our abilities and inspire them every day to go the extra mile,” Echano added.
Primavera Residences, developed by Italpinas Development Corporation, is the first eco-friendly condo property in Northern Mindanao. It has two 10-storey towers with commercial and residential units that are ready for occupancy and is EDGE-certified by IFC World Bank Group for its outstanding eco-friendly feature.
For inquiries on how to rent or invest, call 0917 794 2221 or (088) 880-5002; or visit www.primaveraresidences.com.
