GREENBUILDER Italpinas Development Corp. plans to spend an estimated P600 million to P800 million on the development of the first phase of a mixed-use project in Santo Tomas, Batangas which is set to be launched by the yearend.
In an interview following the company’s annual stockholders’ meeting on Monday, Italpinas chairman and chief operating officer Romolo Nati told reporters they have finalized the design of their Miramonti project, a mixed-use project that will feature residential units, serviced apartments and commercial spaces.
After several months of anticipation, Italpinas Development Corporation (IDC) finally launched Primavera City on June 24, 2016 at the Pueblo de Oro Country Club. There were a lot of people who attended the event, clad in elegant dresses and suits. The program was hosted by one of Cagayan de Oro’s local talents, Jamie Bantigue.
ITALPINAS Development Corp., a listed company whose projects are located in second- and third-tier cities in the country, said it has plans to bring its projects to Metro Manila, where its green buildings are mostly needed.
However, the company said it will have to take time as it is still waiting for the “right circumstances.”
Italpinas Development Corp. (IDC) has secured a P350-million term loan agreement with the Development Bank of the Philippines (DBP) to partly fund the construction a project.
The green builder is using the money to finance the first phase of construction of the Primavera City project in Cagayan De Oro. The project is a seven-tower mixed-use development featuring office, residen ial, and commercial spaces.