Primavera Developer sets P242-million IPO in 4th qtr

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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.

5 Healthy Tips to Maximize your Workout Habits

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Oh hello there! It is not yet too late to assess your eating and exercise habits as Primavera Residences gives you tips on how to maximize your workout habits. They say, you are what you eat. Well, it is important for you to know what to eat because wanting to be fit can be very exhausting but will be worth it at the end of the day.

You may want to consider these eating and exercise tips:

  1. A healthy meal for breakfast

If you plan to exercise in the morning, it is best to wake up early enough to eat your breakfast at least an hour before your workout. Most of the energy you got from dinner the previous night is used up in the morning, and your blood sugar might be low. If you don’t eat, you might feel lazy or lightheaded when you exercise.

You may eat a light breakfast or a glass of energy drink. Emphasize carbohydrates for maximum energy. Good breakfast options include:

  • Cereals of bread
  • Low-fat milk
  • Juice
  • Energy drink
  • Bananas
  • Yogurt

If you normally take coffee in the mornings, remember, a cup before you exercise is fine.

  1. Eat right.

Be wary by not trying to overwhelm yourself with the food served at breakfast, lunch, or dinner before taking your exercise. Please see below the general guidelines:

  • Large meals.Eat these at least three to four hours before exercising.
  • Small meals.Eat these two to three hours before exercising.
  • Small snacks.Eat these an hour before exercising.

Eating too much before you exercise can leave you feeling lazy. Also, eating too little might not give you energy to keep you feeling strong throughout your workout. Best thing to do is to eat right.

  1. Never go wrong with your snack options.

There is no other way to determine what’s enough or not for your snacks. The key is how you feel and what works best for you. Most people eat small snacks right before and after exercise. Snacks eaten before your workout won’t give added energy, but they can help keep up your blood sugar and prevent distracting hunger spasms. These include:

  • Energy bars
  • Bananas or other fresh fruit
  • Yogurt
  • Fruit smoothies
  • Crackers
  • Oats and granola bars
  • Sandwiches

P.S. A healthy snack is especially important if you plan a workout several hours after a meal.

  1. Eat after you exercise

To help your muscles recover and to replace their glycogen stores, eat a meal that contains both protein and carbohydrates within two hours of your exercise session if possible. Good post-workout food choices include:

  • Yogurt and fruit
  • Peanut butter sandwich
  • Low-fat chocolate milk and pretzels
  • Pasta with meatballs
  • Chicken with brown rice.

5. Drink Up

Don’t forget to drink fluids. You need adequate fluids before, during and after exercise to help prevent dehydration.

To stay well-hydrated for exercise, the American College of Sports Medicine recommends that you:

  • Drink roughly 2 to 3 cups of water during the two to three hours before your workout.
  • Drink about 1/2 to 1 cup of water every 15 to 20 minutes during your workout. Adjust amounts related to your body size and the weather.
  • Drink roughly 2 to 3 cups of water after your workout for every pound (0.5 kilogram) of weight you lose during the workout.

Water is generally the best way to replace lost fluids. But if you’re exercising for more than 60 minutes, use a sports drink. Sports drinks can help maintain your body’s electrolyte balance and give you a bit more energy because they contain carbohydrates.

Be fit and enjoy living healthy

Always bear in mind that length and intensity of your activity will dictate how often and what you should be eating and drinking.

When it comes to eating and exercise, everyone is different. Pay serious attention to how you feel during the workout and your overall performance. Be fit and enjoy living healthy to the habits that works best for you. Monitor how your body reacts to meals, snacks, drinks so that you can adjust your diet for maximum performance.

Your health and well-being plays a very significant role in helping you achieve your goals, and we at Primavera Residences understand how important it is to constantly be on optimum health.

And oh, Primavera Residences Condominium Corporation is conducting an M-W-F Zumba Fitness Program at the La Rondine Hall, 2F Primavera Residences. What are you waiting for? Join us now!

Do you want to know more about Primavera Residences’ lifestyle stories? You may visit our website at www.primaveraresidences.com or call us at 088-880-5002 for more information.

 

Your home is not just a lifestyle, it’s an investment

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Nowadays, condominiums are up and growing especially in the booming cities in the Philippines like Cagayan de Oro. The consistent rise in property developments in Cagayan de Oro shows that more and more Filipinos and foreign investors are embracing the condo life.

There are countless reasons why a lot of people believe in the comforts and benefits of the condo life. So to say, here are some of their convincing reasons:

  • Condominium units are fairly reasonable. Instead of buying a house and lot which takes a long time to build and cost you expensively, investing in a condo unit comes out affordable and practical. In a condo unit, you don’t have to deal with engineers, architects, and designers as the developer takes care of all of them for you. This brings us why a huge segment of condo dwellers are young professionals and startup families since they can readily accommodate the cost within their budget. Not to mention the availability of financing options that will surely make the purchase of their unit a lot easier for them.
  • The value of the condo unit appreciates fast. In the case of Primavera Residences, your condo unit appreciates 10-12% annually. In this case, Primavera Residences, an eco-friendly condominium in Cagayan de Oro, is an example of an investment that is new to the city. Being the first condominium that is ready for occupancy, you can surely generate income in no time at all allowing for faster ROI.

The building also has its own professional in-house asset management team that manages the units for short and long term rental through the innovative ‘Serviced Apartments’ concept, the first of its kind in Cagayan de Oro. This ensures you a hassle-free, one-stop solution in overseeing your income generating asset. Quarterly reports will be provided to update you of the performance of your investment, allowing you to be on top of things while keeping headaches normally associated with handling your own business at bay.

  • Condominiums provide 24/7 security. The welfare and safety of Primavera Residences’ residents are of utmost priority of the developer. As such, different security facilities like CCTV cameras are installed in vital areas of the building to monitor movement and traffic. The Primavera Residences Condominium Corporation (PRCC), the property management of Primavera Residences, ensures excellent security and maintenance to enforce 100% safety of the guests’ entry and exit of the building.
  • Stone’s throw away from offices and leisure hubs. Italpinas’ prime consideration is choosing the best and right location for its developments. Condo developments are usually in the middle of busy business districts, so you can save gas and transportation expenses. Primavera Residences is perfectly nestled in Pueblo de Oro Business Park where SM City Cagayan de Oro and other leisure hubs, government offices, hospitals, churches, schools, and other important places in the city are just a ride or walk away from the building.
  • Offers the perfect view of the city. Located in Uptown Cagayan de Oro, Primavera Residences lets your enjoy the best of many worlds. You can choose from enjoying the city lights, magnificent views of the mountains, the morning breeze and the whole beauty of sunsets and sunrises. Uptown CDO lets you witness the good view of the Macajalar Bay. Primavera Residences is also just a drive away from the beaches of Misamis Oriental. Truly, nothing beats the excitement one feels living from a high-rise residence.

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When it comes to condo lifestyle in Cagayan de Oro, Primavera Residences is the ideal choice for investors and home buyers. Primavera Residences is more than just your ordinary condominium building. Aside from its sophisticated, Italian-inspired design, it is also the first sustainable mixed-use development in Cagayan de Oro.

The twin tower, ten-storey green building is located in Uptown Cagayan de Oro, a prime spot situated 110 meters above sea level. It boasts of its 290 units for both towers, with all units at Tower 1 ready for occupancy.

You wouldn’t want to miss your chance of owning a condo unit with a nature-inspired design, would you?

For more information about Primavera Residences, please visit www.primaveraresidences.com or you may call (088) 880-5002 or +63 917 794 2221.