On the Philippine Star: Low-ost Housing Developers Seek BOI Perks

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MANILA, Philippines – Two property developers have filed applications with the Board of Investments (BOI) to qualify for incentives for their mass housing projects.

In a published notice, the BOI said P.A. Metro Residence Builders, Inc. (PAMRBI) “is applying for registration with the BOI as an expanding developer of low-cost mass housing project (East Residences-Ortigas II) with a capacity of 212 low-cost mass housing (condominium) units on a non-pioneer status with project site at Ciudad Grande II, Monaco Street, Ortigas Extension, Pasig City.”

Italpinas, Euroasian Design and Eco-Development Corp., meanwhile wants to qualify for incentives as an expanding developer of low cost mass housing project Primavera Residences Tower B, which is located at Pueblo De Oro Business Park in Cagayan de Oro City on a non-pioneer status.

The Primavera Residences Tower B will have a total capacity of 142 units.

 

More of the story here.

– Louella D. Desiderio

Featured by the Philippine Star, 25 April 2013

On Manila Bulletin: CEB Changes Flight Sched to New Cagayan De Oro Airport

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Cebu Pacific (CEB) will implement changes in its flight schedules starting April 30, 2013 following the transfer of all commercial and private operations from Lumbia Airport to the new Laguindingan International Airport (LIA) in Cagayan de Oro City.

The Civil Aviation Authority of the Philippines (CAAP) is currently in the process of commissioning runway lights.

CEB said that given Laguindingan International Airport’s (LIA) sunrise-sunset limitations, flights can only operate during the day.

The ailine has started contacting and re-accomodating more than 22,500 passengers affected by flight cancellations and schedule changes.

CEB is also sending out emails to more than 53,000 guests regarding the airport change in Cagayan de Oro. Passenger figures are from April 30 to July 31, 2013 only.

 

– Edu Lopez

Featured by the MANILA BULLETIN, 10 April 2013

On Gold Star Daily: Italpinas plan cited among Asia’s top nexgen clean energy projects

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A new project by the designers and developers of Cagayan de Oro City’s first eco-friendly building has been cited as one of the top 10 clean energy projects that could reduce greenhouse gas emissions across Asia annually by nearly 1.1 million tons.

Italpinas Euroasian Design and Eco-Development Corporation’s new project was among those presented to investors at the CTI-PFAN Asia Forum for Clean Energy Financing (AFCEF-3) held February 22 at Singapore.

“We are very happy to be recognized among Asia’s elite clean energy projects for the next generation,” said Architect Romolo Valentino Nati, Italpinas chairman and chief executive officer, upon receiving the citation for Italpinas new project which officially finished fourth in the final ranking.

Over 100 financiers, clean energy experts and representatives of financial institutions from across Asia and overseas participated in the Forum. The meeting was organized by the Climate Technology Initiative’s Private Financing Advisory Network (CTI PFAN), a global multilateral initiative dedicated to connecting clean energy businesses with financing and “bridging the gap” between clean energy project developers and investors.

 

Read the full article here.

Featured by Gold Star Daily, 12 March 2013

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

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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).

Sustainability

“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.

‘Promising’

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.

 

-RMDB

Featured by BusinessWorld, 7 March 2013

Italpinas joins U.P. Vanguard Inc. Golf Tournament

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ITALPINAS Euro Asian Design and Eco-Development Corporation, owner developer of Primavera Residences participated in the U.P. Vanguard Inc. National Commanders Golf Cup held at the Palmers Course, Forest Hills Golf and Country Club, Antipolo City last March 4, 2013.

To expand the awareness for its pioneering green condominium project and in line with its corporate social responsibility, ITALPINAS showcased its Primavera Residences which is a twin tower green residential condominium located in Cagayan de Oro City. Its banner advertising was prominently displayed at the registration area of the Forest Hills Golf and Country Club house which attracted a lot of interests.

The U.P. Vanguard Inc. is an organization composed mainly of professionals and businessman who have graduated from the rigorous cadet officers training course of the University of the Philippines system.

During the awarding ceremony, Mr. Meliton Salazar, National Commander of the U.P. Vanguard, Inc. thanked the sponsors and the golfers who played representing different organizations such as the Management Association of the Philippines, the military, the Rotary and the U.P. Barkadan. Mr Salazar is currently the Vice President of Manila Bulletin and was a former member of the Monetary Board and Board of Investments. The annual golf event was organized to raise funds to support the development of the students of the University of the Philippines who are taking the citizen military training program in various U.P. campuses nationwide. More than 150 avid golf players played in the tournament.

The golfers fielded by ITALPINAS were led by its Chief Financial Officer, Mr. Harold J. Dacumos and Mr. Albert Pascual, SVP, Bank of the Philippine Island and Mr. Gil Pamaymat, SVP, Banco de Oro.

BPI, Italpinas partner for Eco Development

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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

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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