Real estate developer eyes more projects due to growth in Cebu
November 30, 2007
www.gmanews.tv
Sun.Star: An official from Robinsons Land
Corp. (RLC) is optimistic, after laying out plans for its big-ticket project
for Cebu, that more real estate developments are on the way.
“The company is on an expansion mode and Cebu will always be a very good
market because it has all the criteria present," said RLC assistant vice
president for leisure and retirement John Reyna.
RLC is the real estate development arm of the Gokongwei Group.
Cebu’s economy, Reyna said, continues to be bullish due to the peace and
order situation in the province. This, he added, has gained investors’
confidence in the local economy.
Reyna said the following make Cebu a magnet for investors: good
infrastructure, accessibility, harmonious relationship between the private
and public sectors, and good mix of business and leisure.
Reyna told news reporters that while he is not privy to details RLC has
mapped out for its Cebu expansion, he is certain it will be under the
company’s five major business developments.
These developments include commercial centers, business process outsourcing,
hotels, residential condominiums and residential subdivisions.
AmiSa, a five-star, six-tower condominium resort that will RLC will build in
Punta Engaño, Mactan, is the company’s first entry level high-end mixed-use
facility composed of hotels, condominiums and an entertainment center.
The six towers that will be built in the area will supply 800 upscale,
seaside condominiums units. The complex will also house a five-star resort
that will offer 200 to 300 rooms.
Development of the first phase of the project is targeted to begin in the
middle of next year.
On the other hand, RLC is planning to construct a three-story building that
will house information technology (IT) facilities, retail outlets and a
condominium hotel on the company’s 4,000-square meter property in Fuente
Osmeña.
Earlier, Hermosilla Irizari, Robinsons Place Cebu complex administration
manager, said the future building will be another mixed-use facility.
She said that while the company is yet to determine the target market for
the new project, the future facility will not compete with Robinsons Place.
Reyna said RLC also has an existing four-hectare property at the Cebu City
North Reclamation Area that is still not being utilized.
Meanwhile, Robinsons Homes Inc. (RHI) yesterday launched two residential
projects—Blue Coast Residences and Aspen Heights.
Blue Coast Residences is an exclusive residential resort project in
Lapu-Lapu City. Aspen Heights, on the other hand, sits on a 25-hectare
property in Consolacion.