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metrocebuhouseandlot-blog · 7 years ago

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THE Ayala Group is booking P39 billion for Cebu over the next five years, an amount needed to finance its commercial, retail, residential, and leisure expansions.

Ayala Land Inc. (ALI) Visayas-Mindanao Group vice president Aniceto “Jun” Bisnar Jr. shared the information in a press conference yesterday for its newest project Seagrove, a mixed use leisure development, in Punta Engaño in Lapu-Lapu City.

“In the next five years or so, the whole Ayala group will invest around P39 billion in Cebu alone. That’s a sign of confidence of the Ayala Group in the Cebu economy,” he said.

The amount is 179 percent higher compared to the Ayala Group’s investment in Cebu in the past five years, which totaled P14 billion.

The amount will finance the construction and developments of Seagrove, a joint venture with Taft Properties that will feature a 14-hectare mixed-use leisure development in Punta Engaño, Lapu Lapu City; the 15-hectare Gatewalk Central in Subangdaku, Mandaue City, a mixed-use development under a joint venture with Aboitiz Land Inc.; and the Central Block in Cebu IT Park that will house an integrated mall, hotel, and office tower concepts.

The capex will also finance Ayala Land’s residential projects like Alveo, Avida, and Ayala Land Premier.

“We see that Visayas and Mindanao regions, especially Cebu, will be a critical area for future growth,” said Bisnar, who also sits as president of Cebu Holdings Inc.

The Ayala Group has been in Cebu since 1988, and has developed the Cebu Business Park, Ayala Center Cebu, and the Cebu IT Park.

It has nine existing estates in the Visayas and Mindanao. To expand its presence in Southern Philippines, Bisnar said the company is open to possible joint ventures with local companies moving forward.

Sun Star Daily | November 10, 2017 | JEANDIE O. GALOLO

#Gatewalk Central Cebu #Gatewalk Central Mandue #Seagrove Cebu #Seagrove Mactan

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metrocebuhouseandlot-blog · 7 years ago

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LISTED-PROPERTY developer Cebu Landmasters Inc. (CLI) remains unfazed by reports of condominium sales slowdown in Cebu saying that the market is not fully saturated compared to Metro Manila.

“The glut is not felt in the middle and economic segment here,” said CLI president Jose Soberano III at the sidelines of Casa Mira Towers Labangon topping-off last Wednesday.

“I don’t believe there is a slowdown because we are still developing and not a fully matured economy yet. There is still room for growth,” Soberano added.

Earlier, consultant Enrique Soriano warned that the country’s property sector is already on its overextended run for almost three years now from the usual 10-year cycle.

He advised new players in the property sector to think twice before pouring in investments in condominium development, saying Cebu’s supply is already enough.

“There is already a slow uptick in the condo sector and it is further slowing,” said Soriano. “Condominium is no longer a good business for new players.” According to Soriano, close to 4,360 condo units are sold in Manila at any given month. Cebu is equivalent to 10 to 13 percent of Manila’s volume.

Colliers Philippines said it still expects over 17,000 units to be completed between now and 2020.

In demand

However, Casa Mira Tower’s sales performance has been “impressive.” According to Soberano, the project, which has 798 units, has been sold out, with more buyers still waiting in line in case some unit owners back out.

The Casa Mira Towers in Labangon is the first vertical project of CLI’s Casa Mira series. The two towers stand 17 storeys and 19 storeys.

“The market’s strong response towards Casa Mira Towers is due to the project offering more features and amenities but with a price that starting families and young professionals can easily afford,” said Soberano.

He added that having the right price, right unit size, location and brand have helped them survive the competition in the condominium segment, which is being flooded by a lot of players, both new and old.

Casa Mira Towers offers roof deck amenities, swimming pool, fitness gym and, lounge, 24-hour security, reception and lobby, property management services and a retail arcade at the ground floor.

Soberano said they target to deliver the units to homeowners in the third quarter of 2018.

Coming soon

Following the success of Casa Mira Towers Labangon, Soberano announced they will soon launch Casa Mira Towers Guadalupe, the fifth of the Casa Mira series, which will have about 800 units.

The Casa Mira series already has two horizontal projects—Casa Mira Linao in Minglanilla and Casa Mira South in Naga. CLI will launch Casa Mira Coast in Sibulan, Negros Oriential soon.

November 09, 2017 | KATLENE O. CACHO | Sun Star Cebu

#Casa Mira Cebu #Casa Mira Towers

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metrocebuhouseandlot-blog · 7 years ago

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Three developers team up for P35B Seagrove project

More colors are expected to be added to Mactan Island’s already vibrant tourism industry as three property developers have teamed up for a 14-hectare leisure development in Lapu-Lapu City.

Real estate giant Ayala Land, Inc. (ALI) and its subsidiary Cebu Holdings, Inc. (CHI) have joined forces with the Gaisano-led Taft Properties for Seagrove Mactan in Punta Engaño, positioned as a “seafront resort and commercial development unlike anything Cebu has seen before.”

“Seagrove Mactan brings various attractions that will help boost Cebu’s tourism economy even further and we foresee it as a main tourist attraction for generations to come,” said Meean Dy, senior vice president and group head of strategic land bank management at ALI as well as the president of joint venture company Taft Punta Engaño Properties, Inc. (TPEPI).

The master plan for the project was presented to local media and city government officials in a ceremonial unveiling on Friday.

Fronting a 40-hectare mangrove forest, Seagrove Cebu is set to offer a wealth of natural attractions which will provide new adventures to tourists, locals and beachgoers who frequent the island.

According to data from the Department of Tourism in Central Visayas (DOT-7), close to 1.4 million of the 4.17 million foreign and domestic visitors who came to Cebu in 2016 stayed in Lapu-Lapu City.

Dy said Seagrove Cebu is ALI’s 24th estate in the Philippines and its first ecotourism venture in Cebu.

It is their fourth estate in Cebu after Cebu Business Park, Cebu IT Park, and recently Gatewalk Central with AboitizLand in Mandaue City.

She pointed out that the country’s burgeoning tourism sector has opened up many opportunities not only for the Ayala group but for other players as well to venture into these kinds of developments.

TPEPI is the owner and developer of Seagrove while ALI has been appointed as project manager.

The joint venture company projected is initially spending P4 billion in the next five years and a total of P35 billion at full development.

The developer expects to complete the whole project in 10 to 15 years.

Approximately 2,000 jobs will be generated during the initial phase and a total of 13,000 in the long term.

Located along the resort corridor of Punta Engaño Road in Lapu-Lapu City, the property is only about 15 minutes away from the Mactan Cebu International Airport.

Dy said that Seagrove is envisioned to be the country’s next world-class leisure estate featuring diverse product offerings.

Iris Mediano, vice president and business development head at CHI as well as director at TPEPI, said the project promises to offer a well-balanced mix of boardwalk retail fronting a lush mangrove forest, commercial developments, complemented by social institutions.

She said the estate is designed around central water amenity and open spaces leading to and highlighting Magellan Bay as well as the existing mangrove area.

It will house several hotels with Holiday Inn Resort as its main anchor, along with waterside retail, entertainment and outdoor recreation components.

The initial phase of the project, which will consist of the boardwalk, support restaurants and shops, a portion of the lagoon, an events ground and the pedestrian corridor, is planned to open in 2020.

Global hotel chain Holiday Inn is poised to operate its first resort hotel in the country under the Holiday Inn Resort brand.

Mediano said that with 1,200 hotels worldwide today, Holiday Inn is the largest as well as the most recognized hotel brand in the world and is a welcome attraction at Seagrove.

Edward Gaisano, chairman and president of Taft’s mother company VICSAL Development Corp. as well as TPEPI director, said they believe in introducing pioneering concepts, which is why they are very excited for Seagrove.

“We are introducing something that the market has not seen before, and it will complement the various existing facilities in Mactan, enriching the experience there and affirming Cebu as one of the main leisure centers of the country,” he said.

Taft has had vast experience in residential developments, but Seagrove was something entirely new to them.

But as the firm enters the leisure segment for the first time with their latest project, Gaisano shared it will not be the last since they have other properties on Mactan Island they are considering to convert into leisure destinations.

Lapu-Lapu City Mayor Paz Radaza, for her part, thanked the developers for their trust in her city.

“This is something all of us can really look forward to. Not only will it bolster tourism here but also provide thousands of job opportunities to Oponganons,” she said.

Victor Anthony V. Silva | Cebu Daily News | November 10, 2017

#Seagrove Cebu #Seagrove Mactan

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metrocebuhouseandlot-blog · 7 years ago

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Living inside the city can often feel like a necessary evil—the smog, density, and the incessant hubbub of the metropolis often being the tradeoff for a greater slice of the economic pie.

But Avida Cebu is shattering that notion with an ambitious, almost radical call for “tranquil urban living” through its Avida Riala in Cebu City.

The five-tower residential development promises to be an “oasis in the city,” despite being nestled within Cebu IT Park, the booming nerve center of Cebu’s flourishing tech scene, and mere minutes away from hospitals, universities and premier lifestyle destinations.

Avida Towers Riala thus offers all the benefits of big city living sans all the perils. Nearing completion—it recently unveiled 712 new residences—the development of the urban haven is coinciding with the economic upheaval of one of the country’s fastest growing cities, second only to Manila.

But as Manila becomes further congested, Cebu’s status as a world-class gateway for tourists and businessmen alike gives it an especially irresistible, and distinct, magnetic pull.

“Tourist hotspots are evenly located all over the city, which makes everyday a new city adventure,” according to a company statement.

“The City of Cebu is experiencing a continuous economic boom, thanks to its many beautiful islands, white sand beaches, luxury hotels and resorts, diving locations and heritage sites,” it added.

The boom is not limited to tourism, however, as several multinational businesses have decided to plant roots in the city. Cebu IT Park, where Avida Towers Riala is located, is itself home to 70 percent of the region’s burgeoning business process outsourcing industry.

Cebu is also surfacing as an investment hotspot because of the strength of its universities, thought to be the undisputed best in Central Visayas and nearly identical in quality to many Manila universities. This includes the University of San Carlos, University of Cebu, Cebu Institute of Technology and University of the Philippines-Cebu, which is a stone’s throw away from Avida Towers Riala.

About 5,000 sqm of the 21,246-sqm property are dedicated to a sprawling garden called the “Grand Lawn,” in addition to meditation spaces and private gardens, cementing Avida Towers Riala as Cebu’s top-tier urban sanctuary.

Many of its towers also have the added benefit of dreamy backdrops, like the city’s surrounding mountain ranges, or views of the ocean.

Other amenities in Avida Towers Riala include an adult, kiddie, and wading pool, shooting court, fitness area and five levels of exclusive podium parking. Residents have the choice of studio, one- and two-bedroom units, ranging from 23 sqm to 57 sqm.

Reflecting Avida’s intricately thoughtful approach to residents’ experiences, units are limited to 23 per floor, to maintain the calming quiet and uncluttered areas the developer has staked its reputation on.

This soothing calm emerges further as Avida Towers Riala pledges to cut commuting time for Cebu residents, which averages close to an hour, given its proximity to a vast array of work opportunities.

“Don’t think that living here will be all about working hard. Making your home at Avida Towers Riala means you can easily take a break,” said a company release, touting Avida Towers Riala’s proximity to Ayala Center Cebu, Waterfront Hotel and Marriott Hotel.

Perfect for families, the complex also houses retail shops and restaurants, nearly eliminating the need to leave the vicinity of Avida Towers Riala at all.

Matthew Reysio-Cruz | Philippine Daily Inquirer | November 11, 2017

#Avida Cebu #Avida IT Park Cebu #Avida Riala Cebu

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metrocebuhouseandlot-blog · 7 years ago

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THE GOTIANUN family-led Filinvest Group is investing P1.5 billion to develop a lifestyle resort that targets the younger generation, a market segment that is quickly growing in the hospitality industry sphere.

Filinvest Hospitality is building Grafik Cebu, a 308-room resort on a 2.8-hectare property located in Duawon Beach Lapu-Lapu City. Construction will begin this year and is slated for completion by 2020.

Grafik Mactan is the flagship brand under Filinvest’s Grafik chain. It will be managed by Filinvest’s own hospitality management company, Chroma. Grafix is Filinvest’s third property in Cebu Province and the second in Mactan, after Crimson Resort and Spa.

“This is a testament to our belief in the strong economy of Cebu and strong tourism potential that still has to be reached,” said Francis Gotianun, assistant vice-president at Filinvest Hospitality, during Grafik’s groundbreaking ceremony over the weekend.

Gotianun said the location of Grafik Mactan in Duawon holds a special place in the family’s heart, as it was where they would go on beach vacations. “This property here has been known to us for a very long time,” said Gotianun.

About the experience

“While it doesn’t have a white beach, it has beautiful saltwater lagoons. People will love the views out to the sea and the rugged nature of the location,” he said.

Grafik Mactan will have two signature restaurants, three bars and multiple pools. It will also offer resort services that would appeal to the millennials’ preference for a customized experience.

“The resort will be for the young and young at heart who are into casual and fun accommodations,” said Gotianun.

“We feel that this segment is underserved. We wanted something that is less formal but causal and fun. We wanted to revolutionize how people enjoy resort developments,” said Gotianun.

Upon the start of operations, Grafik will provide over 400 jobs in Mactan Island.

James Montenegro, country manager at Chroma Hospitality, described Grafik as a way to revolutionize fun. “With the Grafik brand, we are challenging the hospitality industry. We are challenging the norm. We will be doing things that other hotels are not doing,” he said.

Montenegro said they are looking at offering rooms that will have no minibar and no cable TV because they want their guests to bring their own content, to go out of their rooms, and experience the atmosphere of the hotel. This has yet to be finalized, though.

“We will have our own internal radio station to bring in the music. With the Grafik brand, we want to bring in the music and brand and to help our guests experience it all together…We are also bringing in new dining concepts, such as a modern cafeteria. We are trying to give guests a different experience,” said Montenegro.

“In Grafik we say: vivid life, vivid expressions and vivid experiences,” he added.

Room rates at Grafik may play between P5,000 and P6,000. “Millennials know the value of money and they will pay for a unique experience. People say they now collect more experiences than things. We are putting in a lot of spaces for them to create those memories,” said Gotianun.

Sun Star Cebu | November 13, 2017 | Kat O. Cacho

#Grafic Mactan #Grafik #Grafik Cebu

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metrocebuhouseandlot-blog · 7 years ago

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