Friday, November 30, 2007 Real estate developer eyes more projects due to growth in Cebu
AN official from Robin-sons 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. (MMM (with PR)
