Italpinas tapping P500-M BPI loan to bankroll project

PROPERTY developer Italpinas Development Corp. said it is tapping bank financing to partially fund the development of its newest project Miramonti in Santo Tomas, Batangas. This will be launched by the third of fourth quarter of the year.

Romolo Nati, the company’s chairman and CEO, said they are in talks with the Bank of the Philippine Islands (BPI) for a possible P500-million loan. If the deal pushes through, it will add to the company’s borrowings to partially finance Italpinas’s other projects, like the Primavera Residences and Primavera City, both in Cagayan de Oro.

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IDC in Breaking Stereotypes: Going Green in Emerging Cities

Italpinas Development Corporation (IDC) Chairman and CEO, Architect Romolo Nati shed light on the importance of green buildings in emerging cities in the Philippines during his talk at the Township Development Conference, held at the Dusit Thani Hotel, Manila, on April 26-27, 2017.

Held annually and now on its fifth year, the Township Development Conference was established to bring together property developers, urban planners, designers and executives from different countries to discuss issues relevant to township planning such as sustainability and waste management, to name a few.

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Italpinas mulls sale of preferred shares

MANILA, Philippines -  Listed greenbuilder Italpinas Development Corp. (IDC) is eyeing a preferred share offering this year to raise funds for future landbanking initiatives.

In a briefing Tuesday, IDC chairman and CEO Romolo Valentino Nati said the preferred share issuance would likely take place between June and August this year.

IDC’s board of directors has approved the reclassification of up to 100 million unissued common shares to preferred shares.

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