Estimated economic expansion of 6.8 percent in 2012.
Estimated economic expansion of 7.2 percent in 2013.
Estimated economic expansion of 6.1 percent in 2014.
Estimated economic expansion of 6.7 percent in 2015.
Estimated economic expansion of 6.8 percent in 2012.
Estimated economic expansion of 7.2 percent in 2013.
Estimated economic expansion of 6.1 percent in 2014.
Estimated economic expansion of 6.7 percent in 2015.
Italpinas Development Corporation’s (IDC) premier green property in Northern Mindanao, Primavera Residences, has recently partnered with the Philippine Air Force Tactical Operations Group 10 (PAF-TOG 10) in their aim to conserve the environment through a tree planting activity in Sitio Calacapan, Brgy. Indahag last 26 September 2015.
“As leaders to sustainable developments, it is our promise to the people that we continue to build and rebuild communities through being frontrunners and supporters to the city’s environment advocacies. Through these activities, we can bring people together in attaining our goals in ensuring environmental sustainability,” Cesar Stefan Rago, IDC’s Public Relations and Marketing Officer, declared.
Supported by different schools, colleges, universities, government and private offices, PAF-TOG 10 has successfully planted 1000 assorted seedlings as reinforcement to the National Greening Program of the government to increase the awareness of the civilian populace in sustaining the environment through activities like this.
“It is our delight to continue conducting tree planting activities to showcase/highlight PAF’s continuous support to the different programs of other agencies to help preserve the environment which, in a way, supports the AFP Internal Peace and Security Plan’s (IPSP) ‘Bayanihan’,” Lt. Col. Leo A Fontanilla, PAF (GSC) Group Commander, said.
Italpinas Development Corporation has been in the forefront of sustainable developments and passive green architecture. IDC has won numerous local and international awards for its high-performance design—featuring the best principles of passive cooling technology: shadow and sunlight control, wind cooling and shape performance. Its flagship development, Primavera Residences in Cagayan de Oro, has been cited as one of Asia’s top 10 clean energy projects because of its capacity to help residents save as much as 32% on overall energy consumption.
Built in 2012, the multi-awarded building is located in a master-planned community in uptown Cagayan de Oro. It has been effectively on the lead in promoting green advocacies in the city.
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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.
Last August 15, 2015, a crowd of 500 gathered for the International Leadership Conference organized by Capitol University for their Executive Management Class of the Graduate School SY 2015-2016.
With the honorary presence of Filipino, American, Turkish, German and Italian lecturers and personalities, among which the Governor Vicente “Bambi” Emano who, during his speech, underlined his commitment to contintue to help Misamis Oriental grow in terms of Tourism and in terms of overall support to businesses with needed infrastructure.
Mr. Lorens Ziller, IDC Director for Corporate Affairs, spoke on behalf of Italpinas Development Corporation (IDC), the developer of Primavera Residences in Uptown CdO and announced that the second building of Primavera Residences is near to completion underlining the strong commitment of the company to deliver results for its many investors.
Ziller, also Vice President of the Italian Chamber of Commerce in the Philippines held a speech about the “Challenges and Opportunities in International Trade and Business” in which he underlined the new opportunities for business and partnerships that the Philippines has with ASEAN with a brief on what we should learn from the European Union Integration process on how it happened and who benefited the most in the aftermath.
He also spoke about the new GSP+ “tariff-zero” admission of the Philippines with the EU for a large variety of goods manufactured and produced in the country and how this benefits and cascades into different industries from logistics and banking to real estate.
In the end he spoke about the importance of international networking and the participation in associations or entities like the ICCPI (the Italian Chamber of Commerce in the Philippines) which promotes partnerships and cooperation between Filipino and Italian companies for import/export opportunities and cross-country investment.
The Italian Chamber, after the very successful “Aperitivo Italiano” networking events, is seeking new tie-ups with local chambers and plans to hold a series of similar events also in Mindanao and Visayas. On behalf of IDC he said that the exciting designer building should possibly be handed over within the next 60 days.
This proves the value behind this young development corporation who, apart from keeping up to the promise of his investors is also apparently preparing for public listing within the next few months increasing the returns for its own investors even further.
Explaining the success of this Filipino-Italian company citing Napoleon Hill he finished with: “The only limits are those created by our mind” meaning that, where there is a will to succeed even in difficult circumstances there is a way if we don’t allow our imagination to see our success, which gained him a large applause by the present crowd.
The conference underlined the commitment from several private and institutional parties that a successful and growing Misamis Oriental with and International mindset will benefit all classes of society and bring new jobs and opportunities into an already thriving business environment. Where education, business and institutions are cooperating harmoniously there is definitely a strategic advantage for all concerned parties and ultimately for the people and our next generations. (Lorens Ziller, Corporate Affairs Director)
Last August 26, 2015, Mr. Autif Sayyed, a Green Building Specialist of World Green Building Council, visited Primavera Residences to meet with Engr. Aldwin Nilles and Ms. Melissa San Jose, general manager of Primavera Residences.
Mr. Sayyed visited the green building to complete the stages of Primavera Residences’ EDGE (Excellence in Design for Greater Efficiencies) certification. 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.
Autif Sayyed is the Regional Green Building Specialist for the East Asia Pacific Region at International Finance Corporation (IFC). He provides technical support to IFC’s green building programs in the emerging EAP countries, namely Indonesia, Philippines, Vietnam and China. His primary focus is on close cooperation with government counterparts and private sector stakeholders in order to initiate and implement green buildings regulatory changes. He also provides support to governments in the region on development of long term green building strategy, capacity building of building professionals and government officials and creating opportunities for funding green buildings.
Do you want to know more about Primavera Residences? Call us now at +63 917 794 2221 or (088) 880-5002.
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:
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.
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.
The Italian-Filipino sustainable property developer, Italpinas Euroasian Design and Eco-development Corporation (ITPI), is set to launch an initial public offering (IPO) this year to raise P242 million for its new and ongoing integrated development projects.
Obtained by the Manila Times on Tuesday, in a filing with the Securities and Exchange Commission (SEC), Italpinas said that it will be offering 57.622 million primary common shares, priced at a maximum of P4.20 per share.
The final offer price will be determined on July 21, and the offer period will run from July 27 to 31. The company expects to list on the Small, Medium and Emerging Board of the Philippine Stock Exchange (PSE) on August 10.
Read more of the story here.
Mother’s Day is a celebration of all mothers and of the everlasting bond they share with their children. It is the time where we stress our recognition for our mothers’ selfless love. We always wish to do everything to express the depth of our feeling for our mothers and one way of doing is by adding a personal touch to the gifts you prepared for her.
This Mother’s Day, there are gift ideas that are a definitive solution to a successful celebration. Here are some ideas that are sure to inspire family members to make their mom even more special.
Scrapbook
One of the most creative and thoughtful gifts is a scrapbook. It is also an unusual yet practical Mother’s Day gifts. It all depends on the ideas that one brings the basic concept of scrap booking. The first step in making a scrapbook for your mother is deciding on a theme. Once that is decided, the next step is arranging for the materials that would go in to making this idea a success. These are, in no particular order, photographs, thoughts, poems or anecdotes, decorative things like glitter, colored paper and the album or frame in which the scrapbook would take shape.
Homemade Candles
Discover the artist in you to make homemade candles or decorate store-bought candles for a really beautiful gift on Mother’s Day. The decorations include adding other accessories to the candles, or beautifying them with embellishments or spray painting the candles and so on. The hand crafted gift of candles will take a center stage among all other decoratives in your home.
Hand-designed Pillow
You and your mother are sure to reminisce this Mother’s Day for a long time to come. You can do that by dressing up a pillow with a picture of you and/or your mom or painting it with a picturesque design or adding lace and ribbons to it. Let your creative juices flow and the result would be a happy mother and a very happy you.
Bake a Cake
Bake a delicious cake for her on Mother’s Day. Make sure to decorate it nicely and write your message on it. Organize a Mother’s Day party or get-together for her. This can be done easily with a little planning and effort. You can prepare the meal or take someone’s help in doing so. Be careful about the atmosphere as much as the food and the setting.
Primavera Residences, a multi-awarded sustainable building in Cagayan de Oro, wishes all mothers the love and happiness in this world. May your hearts be filled with joy and selflessness as you celebrate this special day with your family.
Happy Mother’s Day!
Do you want to know more about Primavera Residences? Click here.
As an added option for easier and secured payments for clients, Primavera Residences launches their credit card payment facility with BPI. Starting April 29, 2015, rental payments for short-term or long-term stay can be made through the credit card equipment.
“We are pleased to announce that Primavera Residences is now accepting credit and debit card payments for its rentals business. Our credit card facility is primarily for the convenience of our customers. Giving them another option of payment, and as one of the ways in ensuring our service is top-notch,” Franz Enriquez, ITPI’s Leasing Manager, said.
Primavera Residences is a 10-storey eco-friendly condo property in Pueblo Business Park in Cagayan de Oro. The property has serviced residences with hotel-like services, less expensive and homier options for vacationers and travelers.
“Initially, we are offering this service to the rentals business of Primavera Residences, and will soon pan out to include payment for the sales of our units as well,” Enriquez expressed.
Located in the prime spot of Pueblo de Oro Business Park in Uptown Cagayan de Oro, Primavera Residences, a multi-awarded sustainable development, is just a short walk from one of the city’s biggest malls, a short drive to Pueblo de Oro Golf and Country Club, and Xavier Sports and Country Club. The green building is also minutes away from the city proper with public transports available.
“This summer season, we shall be coming out with exciting promos soon that will cater to a larger market segment, offering the same exceptional service and reasonable cost,” Enriquez said.
Italpinas Euroasian Design and Eco-development Corporation (ITPI) is a leading CDO eco-developer in the Philippines that aims to develop sustainable properties in secondary cities in the country. ITPI’s flagship condo development in Cagayan de Oro, Primavera Residences, is the first and only sustainable condominium in Northern Mindanao. It has received numerous awards locally and internationally for commitment to build sustainable properties.
Do you want to know more about Primavera Residences and its facilities? You may reach them at 0917 794 2221 or (088) 880-5002. You may also visit their website here.
It’s summer time and it is just perfect to indulge yourself with safe and healthier swimming adventure. Swimming is a great recreational activity for people of all ages. Swimming can also provide you with a low-impact workout and it’s also a good way to relax and feel good.
So, get to the pool and dive right in here to learn more about the health benefits of swimming.
Swimming breaststroke for 30 minutes will burn approximately 367Kcal, depending on your weight and speed. That beats walking, which burns only 99Kcal in the same time, cycling, which uses up 240Kcal in half an hour, and even running at 6mph, which burns 300Kcal.
No matter what your level, swimming can make you feel better. In America, a study was made involving 100 swimmers and found out that both novice and intermediate swimmers felt significantly less tension, depression, anger and confusion after exercising than before. It may be because swimming, like other forms of exercise, stimulates the release of feel-good hormone serotonin. Also, swimming helps release stress and tension since it helps them feel mentally refreshed.
Since 90% of your body weight is buoyant when you swim, you only bear 10% of you weight. This allows for greater ease of movement with less strain placed on bones, joints and muscle.
Your constant movement when swimming generates up to 85% of your body heat but since water is cooler than your core body temperature, you never feel over-heated of get sweaty because water helps you cool down while you move around.
As you swim, the water that surrounds your body exerts pressure which helps your circulatory system return your blood to your heart. According to Zoe Cooper, the demand on your heart is reduced by up to 17 beats per minute or 13% compared to someone execising on land.
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In Cagayan de Oro, only Primavera Residences offers all-natural saltwater swimming pool as the first of its kind in Mindanao. It is made even better with a spa seat equipped with two hydrotherapy jets at the deep end.
Located at the 3rd floor of Primavera Residences Tower 1, the 4 X 8 X 1.219 produces its own chlorine through a salt chlorine generator, the most sought after system of alternative pool sanitation today. Through a minimal saline level in the pool water (the equivalent of one teaspoon per gallon of water) and salt conversion cell, it produces the most luxurious, softest feeling water imaginable – everyday, the natural way.
Do you want to know more about Primavera Residences swimming pool? You may click here.