Landbank grants P420 M loan to Green Developer

IDC partners with Land Bank of the Philippines for the Development of Miramonti Green Residence in Sto Tomas Batangas. March 15 – State-run Land Bank of the Philippines has extended a P420-million loan facility to Italpinas Development Corp. (IDC) to partially finance the land development and construction of 21-story mixed-use green building in Sto. Tomas, Batangas.

The three-tower Miramonti Green Residences, strategically located in RFM Science Park/LISP III in Batangas is the Flagship project of IDC, next to Primavera Residences and Primavera City in Cagayan De Oro City.

This is the second partnership between Landbank and IDC after its tie up for the Primavera Residences Tower A.

IDC chairman and CEO Romolo Nati said the company is committed to build sustainable properties nationwide.

“I am beyond grateful that the Land Bank of the Philippines trusted and believed in the company’s mission in creating sustainable developments throughout the Philippines” said Romolo Nati, Chairman/CEO of Italpinas Development Corporation.

Landbank is set to fund the first phase of the project that involves one tower structure sitting on a podium to be built on a prime commercial lot of 2,057 square meters.


Leave a Reply

Your email address will not be published. Required fields are marked *

Italpinas Development Corporation ™
Corporate Profile

Phone: +63 2 8893 0328

28th Floor Unit 28C, BPI
Philam-Life Building
6811 Ayala Ave, Makati City
Metro Manila, Philippines
Awarded by
Member of
Stay Up to Date With News, Inspirations and Events

This material and this presentation have been provided by IDC Development Corporation and is a general background on IDC current activities at the date of this presentation. The information is given in summary and does not purport to be complete. This presentation may contain forward-looking statements, including statements regarding our intent, belief or current expectation with respect to IDC businesses and operations, market conditions, and anticipated results of operation. IDC does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after date hereof to reflect the occurrence of unanticipated events. While due care has been used in preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts any hypothetically examples are subject to uncertainty and contingencies outside IDC’s control.