Primavera Residences to pour more investments in Oro

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Sunday, June 8, 2014


DEPITE allegations that Mindanao is a poor ground for investment, international investors have been eyeing it this year.

Cagayan de Oro, along with Batangas and Iloilo, are selected by the USAID as secondary cities to promote economic growth. USAID assistant administrator for Asia Denise Rollins and mission director Gloria Steele along with other officials visit Primavera Residences on June 7, 2014.

Primavera is known for its eco–friendly and modern Italian-styled buildings. The company promotes sustainable architecture by using photovoltaic solar panels which generates green electricity from sunlight. The building is designed to save 32 percent on the energy consumption because of its natural ventilation and heat reduction.

Arch. Romolo Nati, CEO and executive chairman of Italpinas Euroasian Design and Eco-Development Corporation (ITPI) encourages businessmen to invest in Cagayan de Oro. “We think Cagayan de Oro is a major city in Mindanao. It is moving upward. There are opportunities here and it is very promising.”

Combining profit and advocacy

In 2010, Primavera was recognized by the Climate Technology Initiative-Private Financing Advisory Network (CTI–PFAN) as a Promising Clean Energy Investment Opportunity and in 2013, Primavera City, ITPI’s upcoming development project in the city placed among the top 10 most promising clean energy investment opportunities in the Philippines.

Nati voices their interest in alternative location. “People can work and enjoy life in their provinces without going to Metro Manila. We like to say that we go where no one has gone before. We do business in a sustainable way: Economic, Environmental and Social Sustainability. We have to do business with integrity. We cannot do business and destroy the environment or disregard the social impact our venture will cause.”

With the world relying too much on technology, Primavera uses nature as their role model.

Centering on performance in an environment that sustains itself, Primavera Residences aims to contribute to the well–being of the entire community through respect and love of nature.

Published in the Sun.Star Cagayan de Oro newspaper on June 08, 2014.

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