Italpinas gears for more investment after planned IPO

image of primavera cityBy: Madelaine B. Miraflor - November 4, 2015

As it waits for final approval for its P242-million planned maiden share sale at the Philippine Stock Exchange (PSE), property developer Italpinas Development Corp. (IDC) is looking to spend more than a billion pesos for its two upcoming projects. Harold Dacumos, IDC’s vice president for banking and business development, said in a briefing in Makati on Wednesday that the company will be investing more than a billion pesos for two major projects that will start construction within this quarter and the first quarter of 2016.

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Italpinas sees strong demand for IPO

image of Primavera city projectBy: Krista Montealegre, Business World - November 4, 2015
ITALPINAS Development Corp. sees brisk demand for its planned P242-million first-time share sale despite volatile market conditions, as the sustainable property developer gears up for the development of two mixed-use projects in Cagayan de Oro and Batangas. In a briefing on Wednesday, Italpinas Chairman Romolo Nati said he is confident that interest in the company’s share sale will be strong given the liquidity in the market. “It’s quite a small IPO (initial public offering). We’re just offering 26% of the company and raising P242 million. There’s liquidity to afford this IPO. We are quite confident,” Mr. Nati said.

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Nature-inspired project visits Camiguin, brings in investment opportunities

Camiguin imgBy Cesar Stefan A. Rago, PR & Marketing Officer
“Camiguin Island is just few hours away from Cagayan de Oro and it’s a perfect location for Primavera to create a healthy business relationship between CdO and Camiguin. We want to create partnerships with the active business sectors in the island since Primavera Residences is a good earning investment,” Ryan Fajardo, Internal Sales Head of Primavera Residences, said. Last 19-22 October, Primavera Residences Sales and Marketing team experienced Camiguin’s remarkable sunsets, astonishing bays, and its spectacular mountains, just in time for the province’s 36th Lanzones Festival.

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Italpinas joins PAFTOG 10-led Tree Planting Activity in Indahag

treeplanting imgBy Cesar Stefan A. Rago, PR & Marketing Officer
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.

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