On Business Week Mindanao: Primavera condos are now available for short,long stays

OF all the factors travelers in the Philippines consider when choosing a place to stay, location is usually the most important one to consider.

Which makes Primavera Residences a top choice for the discerning traveler to Cagayan de Oro City.

Conveniently located at the Pueblo de Oro Business Park in Uptown Cagayan de Oro, it’s but a short walk to SM City and a short drive to the city’s premier sporting venues, the Pueblo de Oro Golf and Country Club and Xavier Sports and Country Club.

Read the story here.


– wbm

Featured in Business Week Mindanao, 15 July 2013

On Business World: Cagayan de Oro Development gets ‘green’ loan

Italpinas EuroAsian Design and Eco-Development Corp. has received a P180 million “green” development loan to partially finance the construction of its Primavera Residences Tower 2.

The loan agreement was signed in January by Romolo V. Nati, chairman and Jose D. Leviste III, president, on behalf of Italpinas and by Alfonso L. Salcedo, Jr., executive vice-president, and Mario B. Palau, senior vice-president for the Banks of the Philippine Islands (BPI).


“BPI advances its sustainable energy finance by continuing to support the energy[-efficiency] investments of its clients,” the bank said in a recent statement.

“In collaboration with International Finance Corp., the four year old innovative financing approach fund various efficient and renewable technologies all over the country,” it added, referring to the World Bank Group’s private sector investment arm.

BPI is the country’s third biggest universal bank in terms of assets, with over 809 branches and 2,542 automated teller machines nationwide, according to the statement.


Italpinas’ business plan for Primavera Residences, on the other hand, was cited as one of the promising “clean” energy investment opportunities in the Philippines during the Philippine Clean Energy Investor Forum held at the EDSA Shangri-La Hotel in Metro Manila in 2010.

This year, the Private Financing Advisory Network (PFAN) – a public-private partnership initiated by the Climate Technology Initiative (CTI), has cited Primavera Residence’s eco friendly design.

CTI-PFAN cited Italpinas’ new project as the only finalist from the Philippines for this year’s selection of 38 eco-friendly projects across Asia.

Primavera Residences is the first “green” building in Cagayan de Oro City that integrates into its design eco-friendly features such as rooftop solar panels to generate part of the two buildings’ electricity supply and reducing power use by maximizing natural light and wind ventilation.

Located at the Pueblo de Oro Business Park in uptown Cagayan de Oro City within the master-planned 360-hectare Pueblo de Oro Township, Primavera Residences is a P450-million 10-storey twin-tower condominium that was designed by Mr. Nati, an Italian architect, and developed by Italpinas, a corporate member of the Philippine Green Building Council.

The Primavera Residences Tower 2 will provide 167 residential units.

Construction, currently underway, is scheduled for completion by June.



Featured by BusinessWorld, 7 March 2013

BPI, Italpinas partner for Eco Development

The Bank of the Philippine Islands (BPI) and Italpinas, EuroAsian Design and Eco-Development Corporation (Italpinas) signed a Memorandum of Agreement to mark its commitment to sustainable options.

Italpinas pursues ecologically-sound buildings by incorporation the use of solar panels, high-efficient air-conditioning system and state-of-the-art design among others.

Its previous endeavor has been recognized by reputable institution as “green and responsible”. Working together for the construction of Primavera Residences Phase 2 in Cagayan de Oro, both parties show “green development” is increasingly being carried out in newer real estate projects.

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


Featured by MyBPIOnline, 5 February 2013

‘Green’ Project in Cagayan de Oro Eyed

ITALPINAS INC. is putting up the first “green” eco-sustainable building complex in Cagayan de Oro, which is capable of generating part of its own electricity requirements for the buildings’ common spaces.

In a briefing yesterday, Italpinas chief executive Romolo Nati said the building was designed to have energy-saving and energy-generating features as the two buildings will be equipped with solar panels at the rooftop.

Nati said the use of solar panels could help lower the electricity bill that will be charged to tenants for the use of the common areas and facilities such as the gym and hallways, among others.


– Amy R. Remo

Featured by the Philippine Inquirer, 23 December 2009