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.
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Eco-friendly tips for an early Christmas shopping
Oh hello there! Are you feeling the Christmas spirit? Do you already have presents for your loved ones? Better have your Christmas shopping now! Isn’t it hassle-free to buy your Christmas presents in this early moment? Instead of waiting for rush and last minute shopping, running all over the town and putting yourself in crowded places, secure a safe and eco-friendly early Christmas shopping. Yes, an eco-friendly Christmas shopping.
Do you know how to be an eco-friendly shopper? Well, let me give you some tips on how to make your Christmas shopping helpful to our mother earth:
Make a list– Before going to shopping places; make a list of the things you need to buy. This will help avoid wasting gas from commuting or even with your own car, not just that, it will also make you spend less because this will make you stick to your budget. Your loved ones will appreciate more if you give them a well thought present and at the same time bringing no harm to our environment.
Shop in one place– Stop exhausting yourself from walking and running all around shopping places. As much as possible, try to look for a mall or a group of stores where you can buy all you need for presents. It will help to reduce carbon emissions produced from your car, and will lessen time consumption.
Use Eco-bags– Refrain from using the usual plastic bags that will take approximately 500 years or more to decompose, and would contaminate soil, waterways, marine life, and animals upon digestion. Instead, use eco-bags or any reusable shopping bags that you could bring with you every time you shop. There are also lots of shopping malls and stores who sell eco-friendly bags, have it and enjoy your green Christmas shopping.
Shop Online– If you don’t want outdoor shopping, why not try to have your shopping online? There are lots of online shops that give you easy access and convenience. Aside from the fact that it’s more comfortable and relaxing way to shop, this is also one great way of reducing carbon emissions produced when running around the city to buy your Christmas gifts. One more thing, shopping online would also help you save your time and avoids you from unwanted situations like waiting on long lines and being in a middle of the crowd.
Here you go! You can enjoy your shopping in an eco-friendly way that’s not just beneficial to our environment but also for us.
Have a Green Merry Christmas!
Do you want to know more about Primavera Residences? You may click here for more information!
Primavera Developer sets P242-million IPO in 4th qtr
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.
Italpinas accepts Special Award in Real Estate Dev’t at the 4th Mindanao Business Leaders Awards
Last July 25, BusinessWeek Mindanao, together with its sister publications, awarded 10 business individuals and organizations and 15 special citations to establishments and personalities at the 4th Mindanao Business Leaders and Entrepreneurs Awards.
For the fourth time, BusinessWeek Mindanao consistently gave recognition to the most deserved magnates that have massively contributed to the economic development of Mindanao.
One of the 13 special citations is Primavera Residences for being the Best Leader in Real Estate Development for Green Condominium.
“It was an honor to receive the award on behalf of the people behind the success of this development. We share this award with fellow Kagay-anons as we provide them an eco-friendly place to live in,” Cesar Stefan Rago, Italpinas’ Public Relations and Marketing Officer, said.
The following were the awardees – Mega Entrepreneur Jose Alvarez, Darling Foods Corporation (Food Production and Marketing), Ecoverde Homes (Housing and Realty Development), MASS-SPECC Coop Development Center (Cooperatives), N Hotel (Hotel Industry), Thai Me Up (Outstanding Franchisee), Botoy’s Lechon Manok (Outstanding Franchisor), Apple Tree Resort & Hotel (Resort and Entertainment), Gama Foods Corporation (Agro-Industry Leader) and Vjandep (Micro Entrepreneur).
Special citations were given to the following: Tieza general manager Mark Lapid (Outstanding Tourism Leadership), DOT 10 director Catalino Chan III (Tourism Promotion), Apple Tree Resort & Hotel (Tourism Development), RR Family Spring Resort (Outstanding Tourism Destination), jointly the city government of Tangub and the municipal government of Maramag, Bukidnon (Outstanding LGU in Tourism Development), the city government of Ozamiz (Outstanding LGU in Economic Enterprise Development), Mimi Parrel-Pimentel (Outstanding in Fashion Industry), jointly the provincial governments of Bukidnon and Misamis Oriental (Outstanding LGU Healthcare Program), jointly Paglaum Multi-purpose Cooperative and NARCICO of Compostela Valley (Cooperative Development), Holcim (Social Responsibility Program), Johndorf Ventures Corporation (Housing Industry Development), Primavera Residences (Green Condominium), MCDC and Ecoverde Homes (Socialized Housing) and Tesda Misamis Oriental provincial director Leo Velez (Business and Industry Integrator).
“Entrepreneurs go through the process of having business plans, acquiring human and other required resources, and are fully responsible for their success or failure. One of the reasons we have the Mindanao Business Leaders and Entrepreneurs Awards, which is on its fourth year now, is because we are with you — businessmen and entrepreneurs — all through these years, and we celebrate in every step you make to success. Let me and BusinessWeek lead you exactly there.” Sudaria said.
IDC’s premier project in Cagayan de Oro – Primavera Residences, a green, mixed-use development – was built to serve the city’s increasing demand for affordable housing with sustainability in mind. It was awarded this year as the Best Mixed-Use Development in the Philippines by the Asia Pacific Property Awards.
To know more about Primavera Residences, you may visit www.primaveraresidences.com or call 088-880-5002.
Italpinas Offers High-End Appliances for June Buyers
Do you want to invest in a multi-awarded condominium development in Cagayan de Oro at the most reasonable deals? This month, Italpinas’ flagship development, Primavera Residences, offers high-end appliances to June buyers worth P50,000!
In a regular package, buyers get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets; however, this month of June gives buyers a chance to earn savings of up to P50k with a FREE Whirlpool WhiteMagic Washer and Kolin Split-type Airconditioner.
“At Primavera, we always make sure to please our clients not only with world-class units and facilities but also with our promo offerings; that aside from the already affordable rates, we strive to make it even more reasonable. Indeed the best chance to invest in Mindanao’s first and only multi-awarded eco-friendly building,” Gladys Magadan-Echano, Sales Director, expressed.
Primavera Residences is known for its energy-saving features that include cantilevers to protect the units from direct sunlight, and an indoor courtyard that maximizes the natural ventilation in the area. By June of 2015, solar panels that will provide additional energy for the building’s common areas will be installed on the building’s rooftop. The building is also designed to withstand earthquakes and extreme weather and boasts of 24-7 security.
“We are not just giving them discounts but we give them the real thing. We want to add more value to the buyers’ purchase; that they [buyers] will not just earn big time, they also help the environment in a bigger note,” Echano stated.
Not only that, Primavera Serviced Residences also offers promos for short-term guests in Cagayan de Oro.
Primavera Residences, the first development of Italpinas Euroasian Design and Eco-development Corporation (ITPI), is a 10-storey, two-tower building located at Pueblo de Oro Township offering residential, commercial and office spaces for lease and purchase. All units in the first tower are ready for occupancy while the second tower is slated to be completed later this year. Buyers may choose from studio, one-bedroom and two-bedroom units.
Hurry! We only have few units left!
Do you want to know more about Primavera Residences? You may reach them at 0917 794 2221 or (088) 880-5002. You can also visit their website at www.primaveraresidences.com.
5 Ways to be Eco-friendly this ‘Back-to-school’ Season
When kids anticipate the fun of back-to-school shopping, it always makes it a bit lighter and easier to bid goodbye to the summer season. Thankfully, though, today’s school supplies have come a long way. You can actually find ones that are colorful and stylish yet non-toxic. Yes, it’s music to our ears.
Here’s some tips to make going back to school easy and cool for both your kid and the planet.
ECO-FRIENDLY LUNCH BAGS – There are countless ways to be eco-friendly in packing lunch and using plastic sandwich bags are a big no-no today. The better option is to pack their snacks or lunch in reusable food and drink containers which can be used throughout the school year. If paper bags must be used, look for bags that are made from recycled paper.
DAILY EXERCISE – Walking to school or riding a bicycle is a great way to get exercise before class. It will help to sharpen a student’s focus in class and will add exercise to their daily routine as well. If you drive your children to school but bussing is available, consider putting them on the bus instead. It reduces your carbon footprint and allows them to socialize while en route with their friends.
DOES EVERYTHING HAVE TO BE BRAND NEW?– Who wouldn’t want some new things on the first day of school? It’s great to show up on the first day with some smashing brand new outfit, but beyond day one, should you need everything to be brand new? There are a growing number of used clothing retailers that can insert a certain element of “eco-chic” to your child’s wardrobe and are way more affordable.
ECO BAGS – It was believed then that extra packaging was a sign of quality and prestige but would it hurt if, at least, we minimize the amount of non-recyclable items we send to the landfill? Nowadays, there are many eco-bags available when you shop for your children’s school supplies.
BE A LEADER – We must never forget that a child learns from their teachers and especially from their parents. Through leading them to live a healthy lifestyle, the earlier they learn and implement the eco-friendly habits into their lives. Making personal choices that embrace a green and sustainable lifestyle will provide examples for your children to learn and emulate from.
Planning to travel to Cagayan de Oro? Check in into the only eco-friendly serviced residences in Mindanao for your short-term and long-term accommodation requirements.
Primavera Residences, the first and only multi-awarded eco-friendly property in Cagayan de Oro, is an advocate of sustainable living. For more green tips, click here.
PAF-TOG 10, CLENRO Highlight Importance of Mangroves, Italpinas Joins Ocean Month Celebration
Last Saturday, May 9, the Philippine Air Force-Tactical Operations Group 10, together with several groups in the city, led the mangrove planting activity in Zone 8, Bulua, CdO. Italpinas and other green advocates come together as they planted 5000 mangrove seedlings around the shoreline. PAF-TOG 10 partnered with several groups namely SPOW EOD-K9, 8th ARCEN, 71st AFRG, CRSAFP, 4ID, PA, 10th FAB, ACDI-CDO, FABSLAI, AFPMBAI, JCI Kagayhaan, DepEd, REACT, KAMAU 4H-Opol, CLENRO, and Bulua Barangay Council.
With the theme, “Stand Up Save the Reefs”, the Ocean Month Celebration paves the way to highlight the importance of mangroves in the city.
“This is part of rehabilitating our very own Iponan River. Through planting mangroves around its vicinity, we can secure food for our farmers and fisher folks. Mangroves are our aquatic life’s nursery. We are not just saving the ocean, we are saving lives,” Edwin Dael, CLENRO-OIC, said.
On October 11, 2014 and February 7, 2015, Italpinas joined CLENRO and PAF-TOG 10 in the same activity at the coastal area in Bonbon, CdO. It was supported by schools, green advocates and some residents in the said barangay.
“To be part of a sustainable development and joining the city’s thrust to promote environmental advocacies is not just rewarding but also a testimony that Cagayan de Oro’s progress still goes hand in hand with nature. The mangrove planting activity was fun and fulfilling at the same time. Waking up early for a satisfying reason is truly worth it,” Gisselle Mantilla, ITPI Admin Officer, said.
Developed by Italpinas Euroasian Design and Eco-development Corporation (ITPI), Primavera Residences has been actively promoting green advocacies in the city and has won numerous local and international awards for its eco-friendly architecture. Featuring the best principles of passive cooling technology: shadow and sunlight control, wind cooling and shape performance, the project 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.
Daniel Alcazar and Aldwin Ranario, Primavera’s sales associates said that their experience was way beyond all worldly things could give, it is more to saving what’s left and planting more to save the environment.
“During the storm surge, these mangroves helped lessen the damage. Together, we can collectively get resources and could help rebuild the city. Let’s all stand up and save our reefs,” Dael concluded.
Do you want to know more about Primavera Residences and its advocacies? You may call 0917 794 2221 or (088) 880-5002. You can also visit their website by clicking here.
Italpinas CEO speaks at FIABCI Asia Pacific Regional Secretariat Summit
Italpinas CEO and executive chairman Arch. Romolo V. Nati was chosen to speak at the 19th Fédération Internationale des Administrateurs de Biens Conseils Immobiliers (FIABCI) Asia Pacific Regional Secretariat Summit held recently at the Marriott Hotel Manila last April 17, 2015.
With the theme “Cities of the Future: Asia Pacific”, FIABCI-Philippines brought together international and prominent speakers in a program filled with timely information pertaining to global real estate.
Speaking before members of the FIABCI community across Asia, Nati talked about the importance of sustainable design in the midst of climate change and the problems plaguing many homeowners in the Philippines. In the real estate industry today, energy efficiency efforts are now becoming an essential component in property developments.
“With both a housing deficit and a power shortage problem prevalent in the country, it just makes sense that the future of design is in sustainability. We need buildings that not only look good, but also function well to help alleviate those two problems. This is why green design is important,” stated Nati.
Nati also explained one of the biggest misconceptions people have about eco-friendly structures being expensive. “A lot of people don’t realize that green, sustainable design can be done without the staggering costs. We at ITPI practice what is called passive green design, meaning rather than use expensive equipment to make a structure green, we incorporate design elements to help, say, lower the cost of energy,” he explained. “This way we can make the units affordable for the middle class,” he added.
Primavera Residences, ITPI’s flagship development, is a primary example for sustainable development. The 10-storey mid-rise twin tower is a winner of the 2014 Asia Pacific Property Award for Best Mixed-Use Development in the Philippines. Located in Pueblo de Oro Township in CdO, Primavera Residences is modeled after an anthill with a hollow column in the middle of each tower allowing air to enter and circulate, creating a chimney effect that helps cool down the building, lowering air conditioning and electricity costs.
“Power is one of the key issues in Mindanao, so it just made sense, especially in that area, to have energy-saving features. This can be seen as a benchmark for energy-efficiency. If we can do it in Cagayan de Oro, we can do it for the rest of the country,” Arch. Nati emphasized.
Primavera Residences’ Tower 1 has been completed while its Tower 2 is 90% complete.
Do you want to know more about Primavera Residences? You may contact (088) 880-5002 or 0917 794 2221. You may also visit their website by clicking here.
A Round Up of April News and Events at Primavera
It’s getting even hotter this summer!
As we welcome the second month of adventure and fun, Primavera Residences celebrates with you as we offer more enticing news and events, and promos for you and your loved ones. April has been a fruitful month for Primavera, bringing with it more opportunities to reach out to the larger communities, and offering exciting promos to the market
As a pioneering condominium development in Northern Mindanao, it is our pleasure to present to you the news and events we had last April.
- Primavera launches limited offer to buyers: Free Modular Kitchen
It’s back for a limited period! This month, due to public demand, Primavera Residences is offering buyers a FREE modular kitchen and installation worth up to P100,000 for reservations made from April 1 to April 30, 2015.
In a regular package, buyers get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets. However, this limited promo offer gives buyers a chance to earn savings of up to P100K with a FREE set of Kitchen Modular Cabinet and its installation.
This promo appeared in several papers in the city.
- Tower 2 Construction Updates as of April 2015
As of April 8, 2015, Primavera Residences Tower 2 is nearing its completion. Currently, the second tower of Primavera Residences has already reached 90% of its construction.
This news appeared to cdodev.com, one of CDO’s online development news outlet.
- Primavera Residences to host Free Live Broadcast of Pacquiao-Mayweather fight
This May 3, Primavera Residences together with Primavera Residences Condominium Corporation (PRCC) will be offering free live broadcast of the Pacquiao-Mayweather fight at the La Rondine Hall of Primavera Residences.
This free viewing event was featured in various online and print news outlets in the city.
- Italpinas promotes sustainable growth in country’s property sector
As Manila’s overcrowded property market crests in the wake of a booming economy in the Philippines, Italpinas Euroasian Design and Eco-development Corporation (ITPI) paves the way in sustainable real estate development towards the country’s next economic frontiers. The dynamic company offers foreign investors a strategic inroad to the country’s unrecognized yet hyper-prospective second-tier cities and regions.
This news was featured in South China Morning Post International.
- Primavera Launches Credit Card Facility for Rental Payments
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.
This exciting news has been featured in different local papers in the city.
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Primavera Launches Credit Card Facility for Rental Payments
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.
