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Friday, August 04, 2006
6 property dev’t projs. to rise in Ayala’s CBP
By Malou M. Mozo Sun.Star Correspondent
Six buildings will soon rise on an aggregate area of about 8.5 hectares (85,000 square meters) at the Cebu Business Park (CBP), an official of Ayala Land Inc. affiliate Cebu Holdings Inc. (CHI) said.
CHI chief operating officer Francis Monera said the six projects are the result of the growing information technology (IT) industry in Cebu and bolster the province’s efforts to become the IT hub in the region.
“Expect more businesses and more traffic in the area,” said Monera, also president of the Cebu Chamber of Commerce and Industry (CCCI).
The six projects are: the 14-story Cebu Towers that will house IT offices; two expansion buildings of Lexmark Research and Development; Tower Palace, a 20-story residential condominium; Pioneer Insurance, an eight-story office; and Security Bank.
“I see more coming up. All they need to do is to submit their plans,” Monera said in an interview with Sun.Star Cebu.
He also revealed that the parcel of CBP lot at the corner of Mactan Road and Samar Loop is the site of a “telecom line-laying project.”
He said more developments are also expected at the Asiatown IT Park.
“Locators are planning on expansion and have bought several lots already,” he said.
He said seven lots at Asiatown IT Park have already been sold. Development projects that will be implemented in the area will include a hotel and a school. He declined to give details, though.
He said there will be “exciting development” at The Village, an entertainment center within the Asiatown IT Park, which was closed for renovation works at the end of last year.
“It (The Village) will be developed into a 24/7 (24-hour) retail and entertainment facility that will cater to the lifestyle of those working in Asiatown IT Park,” he said.
Apart from several call centers like E-telecare, PeopleSupport and Qual-fone, several software development companies such as, MEC, Epson, NCR, Tsu-neishi and Versagra-phics are also located at Asiatown IT.
As the Association of Southeast Asian Nations summit draws near, Monera said that both Cebu Business Park and Asiatown IT Park will be a major destination.
“We are gearing up for the influx of more people coming from outside Cebu and the Philippines so we are organizing tours for these areas,” he said.
According to Monera, CCCI has formed a team to study the feasibility of having the entire Cebu province declared an economic zone.
For Bisaya stories from Cebu. Click here. (August 4, 2006 issue)
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