TO PROVIDE landowners end-to-end real estate solutions, Wan Pacific Empire (WPE) Ventures and McGordon Consulting Groups (MCG) launched a joint venture to provide real estate services to the market.
MCG is a multi-discipline consulting firm rendering consultancy and contract management services, while WPE is a real estate provider consisting of engineers and architects.
Manuel Gordon, MCG chairman and chief executive officer (CEO), said their partnership allows them to complement each other in terms of servicing the real estate sector.
“We provide an end-to-end service delivery system where we could complete the whole ecosystem of real estate,” said Gordon.
Gordon said that in developing a property, the most complicated part is complying with all the documents. They want to help the landowner in that aspect, he said.
He said that for each development, there are regulatory requirements, from land banking, permitting, licensing to contract management with buyers and regulatory agencies., This is where MCG comes in.
“We are into compliance through service intervention,” said Gordon.
Another reason they thought of providing their services is that they noticed many projects being delayed because of the regulatory setbacks and that is the gap they are trying to fill.
Lydwen Eco, WPE president and CEO, said developing real estate is difficult and risky, which made them decide to provide services to assist landowners in developing their lands.
Eco said they provide services, such as land management, project conceptualization, project planning and execution, construction, in and after sales, documentation, contract management, project turnover and property management.
With the unprecedented growth of real estate in the entire country, Eco said now is the best time for landowners to make use of their properties.
Eco said there are many landowners who want to unlock the value of their land but do not have the background to go into real estate development.
Aside from being difficult, real estate is a capital-intensive industry and highly regulated, said Eco.
With the services they offer, landowners only need to pay them a visit and they can conduct an inspection and conceptualize what project is most viable in the area. They will also provide a business model, including the project concept and financial projections, Eco said.
What the clients need to do is monitor the developement.
Eco said they are trying to ease the process of what landowners need to go through by helping them through the services they offer.
“We’re trying to fix a hole. We’re trying to develop the lands as professionally as possible,” said Eco.
Though they have clients contacting them from Cagayan de Oro, Butuan and Davao, Gordon said they will initially be focusing on Cebu.
During the contract signing of the joint venture between WPE and MCG last Saturday, May 18, at the Cebu Grand Hotel, they also launched their newest and first project as partner entities, the Niño Lapu-Lapu Residences.
The seven-story condotel will soon rise in Barangay Maribago, Lapu-Lapu City. It will house 106 rooms with an average area of 24 square meters per unit.
Gordon said their target market is their investors so they will experience firsthand the services that the joint venture made for them.
Construction will start in August this year. The project is expected to be completed by March 2020.
They have set the soft opening forApril 2020 and the grand opening for May 2020.
Gordon said each room, which will be a studio type, will be sold at P1.8 million.
“We will unveil our own project to show what we are capable of,” said Gordon. (S)