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Robinsons Land to develop more IT parks (- BusinessWorld)

ROBINSONS LAND Corp. (RLC) is aiming to develop up to two information technology (IT) parks within the next two to three years, a top official said.

“We hope to put up one or two more within the next two, three years,” RLC General Manager for the Office Buildings Division Faraday D. Go told reporters after the topping off ceremony for one of the company’s office buildings in Quezon City last week.

The Gokongwei-led firm currently has three IT parks, namely Bridgetown in Quezon City, Robinsons CyberGate in Mandaluyong, and Robinsons CyberGate in Davao. Office buildings in these IT parks typically host business process outsourcing (BPO) firms.

“It speeds up the PEZA process,” Mr. Go said, referring to the accreditation from the Philippine Economic Zone Authority (PEZA) that grants tax perks to locators. Other fiscal incentives include income tax holiday, tax and duty-free importation of raw materials, capital equipment, machineries and spare parts, among others.

Aside from office buildings, RLC’s IT parks also have residential, retail, and hospitality components. The 30-hectare Bridgetown, for instance, will have a Robinsons Mall and a hotel in the next 15 to 20 years of the estate’s development.

(more from the source: bworldonline.com/robinsons-land-develop-parks/)

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Ortigas & Co. to redevelop Pasig estate for P50B (-GMA News Online)

Real estate firm Ortigas & Co is spending P50 billion to redevelop its estate along C-5 road in Pasig City.

In a statement Wednesday, the company said it will redevelop Frontera Verde—a 16-hectare mixed-use estate at the junction of C-5 and Julia Vargas Ave.—and rename it as Ortigas East.

Ortigas & Co. is seeking to turn the area into an extension of the Ortigas central business district.

The P50-billion redevelopment will be executed in three phases. The first phase will bring new residential, retail, and office developments to Ortigas East.

(more of this from the source, GMA News Online: http://www.gmanetwork.com/news/money/companies/642488/ortigas-amp-co-to-redevelop-pasig-estate-for-p50b/story/)

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DMCI Homes expands QC condominium project (-BusinessWorld)

DMCI HOMES, Inc. unveiled on Thursday the second tower for its residential condominium project in Quezon City (QC) called Infina Towers, targeting both investors and end-users as potential clients.

Located along Aurora Boulevard in Project 3, Quezon City, Infina’s South Tower will have 40 storeys. The project will offer two-bedroom and three-bedroom units with a gross floor area spanning 52.50 to 81.50 square meters (sq.m.). The price of each unit starts at P5.08 million, with pre-selling to begin on Jan. 26.

The entire development covers a land area of 12,701 sq.m.

“Infina Towers offers an ideal place for start-up families to raise and optimize their children’s potential with the easy access of top-notch educational institutions such as the University of the Philippines Diliman and Ateneo de Manila University as well as flourishing businesses in nearby Araneta Center in Cubao area,” the company said.

Aside from universities, Infina Towers is also within the vicinity of medical institutions such as Quirino Memorial Medical Center and World Citi Medical Center. The towers will also be accessible through the Anonas Station of Light Rail Transit Line 2 or through the Araneta Bus Terminal.

Amenities include lounge areas, a game area, a fitness gym, an audio-visual room, sky lounge, function room, pool complex, gazebo, court roof garden, and a basketball court. The tower will also offer commercial spaces at the ground floor for the unit owners’ convenience, as well as five levels of basement parking.

The launch of the second tower comes less than a year after Infina’s North Tower was introduced to the public in April 2017, which is now already 64% sold.

(more of this from the source: http://bworldonline.com/dmci-homes-expands-qc-condominium-project/)