ALI, Gaisanos to jointly develop Mactan property

By Zinnia B. Dela Peña (The Philippine Star) | Updated April 29, 2013 - 12:00am

MANILA, Philippines - Property giant Ayala Land Inc (ALI) is ramping up its presence in Cebu with a planned leisure-oriented project in Mactan Island in partnership with the Gaisano family.

Under the plan, a joint venture corporation would be formed with ALI taking a 55 percent stake and the Gaisanos’ Vicsal Group owning the balance.

In a statement, ALI said it would convert Vicsal Group’s 12 hectare-property in Mactan Island into an integrated mixed-use complex. It would have residential, retail and hotel components.

“This joint venture opens up another opportunity to work with a strong partner, such as the Vicsal Group, in expanding its presence and further creating value in the rapidly-growing and progressive market in Cebu,” said Antonino T. Aquino, president and chief executive officer of ALI.

Vicsal, primarily engaged in the retail business, owns and operates a chain of department stores and supermarkets popularly known as Metro Gaisano.

Aside from the retail business, Vicsal has also established presence in financial services, stockbrokerage, and real estate development. It is likewise engaged in the pawnshop, travel agency and trucking businesses.

ALI said the project would offer a value proposition which is distinct from other projects of the company in Cebu City.

This partnership follows the joint venture agreement entered into by ALI with AboitizLand, covering the development of  several pieces of property in the Queen City of the south.

Located about 570 meters south of Manila, Cebu is considered to be the second most important city in the Philippines next to Manila.

Outside of Manila, Cebu serves as an excellent base for more than 80 percent of the country’s inter-island shipping firms.  It has the second busiest airport in the country with regular international flights from South Korea, Hong Kong, Qatar and Singapore.

These twin partnerships are consistent with ALI’s growth strategy of establishing more developments in major areas of the country, Cebu, being one of the most progressive metropolitan areas in the Philippines.

To further strengthen its foothold in Cebu, the Ayalas, together with the Cebu-based Aboitiz clan is set to bid for the P17 billion Mactan-Cebu airport rehabilitation project under the government’s Public-Private Partnership project. For Marketing Accreditation, contact us at +63917.3236123.

SMC, LT Group to jointly bid for Mactan airport project

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Category: Companies

Published on Tuesday, 26 March 2013 19:01

Written by InterAksyon.com

THE owners of Philippine Airlines (PAL) on Tuesday said they are forming a consortium to bid for the P17.5-billion Mactan Cebu International Airport (MCIA) expansion project.

In a disclosure to the Philippine Stock Exchange, San Miguel Corp. (SMC) said the company and the group of Lucio Tan are “jointly submitting a competitive bid.” SMC owns 49 percent of PAL, while Tan holds the remaining 51 percent.

The disclosure quoted SMC President Ramon S. Ang as saying the two parties will form a consortium in which the PAL owners would control ony 33 percent. Under government bidding rules, airlines can own no more than a third of the operator the MCIA.

Other companies that purchased bid documents include Aboitiz Land Inc., Metro Pacific Investments Corp., JG Summit Holdings Inc., Filinvest Development Corp. and Filinvest Land Inc., Prime Power Holdings Corp., Megawide, GMR Infrastructure, First Philippine Holdings Corp. and Premier Airport Group of SM Investments Corp.

One of the Aquino administration’s Public-Private Partnership ventures, the MCIA project involves the construction of a new world-class international passenger terminal building, with a capacity of about 8 million passengers per year; renovation and expansion of the existing terminal; installation of all the required equipment; and the operation of both new and existing facilities.

When this new international terminal building is completed, the existing terminal, which caters to both domestic and international passengers, will then be converted into an exclusively domestic passenger terminal.

The project is expected to increase tourist arrivals in Cebu and nearby regions. In 2011  the MCIA served as gateway to 1.6 million tourists.

InterAksyon.com

Stock Market Outlook

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Category: Companies

Published on Sunday, 31 March 2013 18:37

Written by VG Cabuag

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LAST week:  Despite a three-day work week, local share prices made a rebound after a string of good news that elated investors’ confidence, lifting the Philippine Stock Exchange index (PSEi) to its 24th historic high for the year. The bellwether index gained 328.76 points or 5 percent to 6,847.47 points, for another all-time high. Most of the gains were made on Wednesday after Fitch Ratings Agency upgraded the Philippines to investment-grade status of BBB.

This was further boosted after the National Economic and Development Authority said the country’s economy—as measured by the Gross Domestic Product—for the first quarter of the year may hit between 6 percent and 7 percent.

All other major indices gained, led by the Property index that increased by 6.7 percent to 2,831.61 points and the Services index which also gained 5 percent to 2,014.38

Among the gainers were Ayala Land Inc., which increased by 10 percent to P32.70 per share; Jollibee Foods Corp. which rose 9 percent to P126; and Manila Water Co. which was up by 9 percent to P40.

Gainers led losers, 99 to 56, while foreign funds became net buyers at P619 million on the average, reversing the previous week’s net selling of P756 million.

• This week:  Local share prices are expected to continue their upswing following the ratings upgrade. Some analyst predict the PSEi may close “very near” to the 7,000-level mark.

“At this point, there is little argument to stay away from equities. Fixed-income returns are depressed and the sound economic picture encourages risk-taking,” Justino Calaycay Jr. of Accord Capital Equities said.

He said the market may sustain its upward trend if it breaks early into the 6,900- to 6,950-point level.

Freya May Natividad of 2Tradeasia.com said there are also expectations hat the other two major rating agencies—Moody’s Investors Service and Standard and Poor’s Ratings Services—may also upgrade the country’s ratings to investment grade anytime.

“An upgrade will help reduce the country risk premium weighting, allowing select listed firms with overseas bond exposures, to benefit from reduced interest rate on loans,” Natividad said.

“The zest in local equities is seen to prevail post-Easter, mainly due to positive reaction to Fitch’s investment-grade rating,” she said.

• Stock picks: Analysts said that investors will monitor the performance of television networks ABS-CBN Corp. and GMA Network Inc. on expectations that its revenues may increase this year as a result of the midterm elections scheduled next month. Television advertising revenues are traditionally stronger during election year, although the two giant networks say it only forms part of much-larger revenues as the Philippine economy continues its rise.

Investors are also monitoring the merger of the property development arms of the SM group into one big unit. The proposal was to merge SM Development Corp. (SMDC), which constructs residential condominiums, and privately held SM Land Inc. to SM Prime to create a full-service property business that develops and operate a chain of malls, condominiums, hotels, among others. Both SMDC and SM Prime are publicly listed but the latter was recently booted out of the PSEi and was replaced by casino operator Bloomberry Resorts Corp.

VG Cabuag

Maria Luisa North-The Heritage: Luxury living at a convenient address

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Category: Properties

Published on Tuesday, 19 March 2013 18:05

CEBU’S premier residential developer recently relaunched its exclusive subdivision on the border of Mandaue City and Consolacion.

Security. Exclusivity. Convenience. Beautiful scenery. All these and more have been associated with Maria Luisa Properties in the decades since it first began developing residential real estate in 1965. And these are just some of the things one would enjoy from making a home in Maria Luisa North-The Heritage, located in Jagobiao, Mandaue City.

Maria Luisa North-The Heritage is a subdivision by the Agro-Macro Development Corp. built on a 13.6-hectare plot of land that was part of the Hacienda Mandaue. Its name literally represents what it is to the family behind Maria Luisa Properties, whose ancestors owned the land. It also represents what it hopes to become—a legacy for its homeowners and their families. Houses at Maria Luisa North-The Heritage become homes to families and future generations.

Here are some of the things this exclusive development has to offer homeowners:

• A great location hidden from the hustle and bustle of the metro. Maria Luisa North-The Heritage is built on beautiful terrain that allows residents to enjoy clean air and a suburban ambiance, and just a short drive from Metro Cebu’s business and leisure centers. There are three entrances to The Heritage, which are by Jagobiao National High School in Mandaue, Fooda Supermarket in Consolacion, and Consolacion Public Market. It’s a 10- to 15-minute drive from the subdivision to major schools like Ateneo de Cebu, Bright Academy and Cebu International School, and about the same distance to the nearest hospitals and the airport.

• A safe and fun haven for families.  With The Heritage, Maria Luisa Properties focused not just on building a secure and exclusive place for people to live in, but on cultivating a community. To this end, the subdivision features a clubhouse, swimming pool, basketball court, children’s play area, fishing pond and designated areas for commercial establishments. Each of the three entrances has a guard house, which will be manned 24/7.

• A fantastic address for forever homes.  Given Maria Luisa Properties’s stellar reputation, buyers can be confident that purchases will be clean and hassle-free. Prospective homeowners not only get to boast about having the prestigious Maria Luisa name in their addresses, but also the large cuts for each lot in the subdivision (between 241 and 591 sq m). The rules set for building height and value mean that most members of The Heritage community will build homes designed to accommodate their family’s needs for decades to come. This isn’t a subdivision for starter houses, but for dream homes.

Home is where laughter begins. Providing a good home for your family builds a lifetime legacy of happiness and security. For Project inquiry, contact us at +639173236123.

Sta. Lucia pushes condotel concept with Arterra Residences

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Category: Properties

Published on Tuesday, 26 March 2013 17:34

STA. LUCIA LAND fortifies its stronghold in Cebu with the condotel Arterra Residences at Discovery Bay, a condotel project situated at the tip of the Maribago coastline on Mactan Island in Cebu.

Under Sta. Lucia’s condotel concept, unit owners get to vacation free anytime, with 30 complimentary room nights per year, transferrable, across all Sta. Lucia hotels and condotels in the Philippines.  Sta. Lucia condotel projects that are already operational include Sotogrande and La Mirada in Mactan, Cebu; Splendido in Tagaytay City; and La Breza in Quezon City. Sta. Lucia Land has pioneered condotel development in the country in response to the government’s thrust to promote the Philippines as a top tourist destination and a business-friendly environment, and has more condotel projects lined up in Davao City, Fairview and Katipunan Avenue in Quezon City, Iloilo City and Cainta.

Arterra Residences is a 20-story structure nestled on the same strip as Cebu’s most popular five-star hotels. It is just a 20-minute drive from the airport and offers a panoramic view of the Maribago coast. Unit owners and renters will get to enjoy country-club privileges with Arterra’s members-only North Point Peninsula and Resort Club. The country club features a wide selection of amenities for leisure and recreation, including a lap pool, kiddie pool, jacuzzi area, poolside bar, spa, gym, basketball court, coffee lounge and restaurant, a viewing deck, function rooms and a business center.

Arterra Residences’ condotel units will be placed under the management’s hassle-free rental program initially for 15 years. Experienced hotel managers and staff will operate and manage the condotel and take care of maintenance as well as taxes, eliminating the traditional lessor-lessee issues.

The Sta. Lucia’s Property Management Group has also tied up with popular booking sites Agoda.com, Booking.com, Expedia.com, Orbitz.com, Asiaroom.com and Hotels.com, assuring unit owners of steady income through rental revenues within the contract period, with a high return on investment.

Currently, Sta. Lucia condotel projects earn an internal rate of return of at least 8 percent or $570 per month, and annualized growth rate of 7 percent on their investment.  Rent revenue is paid out to unit owners in quarterly dividends.

Arterra Residences at Discovery Bay is Sta. Lucia Land Inc.’s latest development in Mactan, Cebu. For Project inquiry, contact us at +639173236123.

Megaworld township project in full swing

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Category: Companies

Published on Wednesday, 03 April 2013 19:18

Written by Armin A. Amio

MEGAWORLD expects to complete ongoing construction works in its township project in Bonifacio Global City in three to four years.

Megaworld Senior Vice President Noli Hernandez said the company is scheduled to complete current developments including two luxury condominiums, a high-end mall and five corporate towers within the 15-hectare property in northern BGC by 2016 to 2017.

He said the 45-story high One Uptown Residence is already 100-percent sold and is targeted to be completed in July 2016. Another luxury condominium project, the Uptown Ritz, is said to be 65-percent sold and will be finished by June 2017.

Expected total sales for both residential condos is P10 billion, of which P5.5 billion is accounted by One Uptown and the remaining P4.5 billion from Uptown Ritz.

Hernandez said Uptown Ritz is an “all-suites” development with three- to four-bedroom units on the penthouse floors in the 40th to 45th levels while the smallest units will have two-bedroom configurations.

One Uptown Residence, meanwhile, is also 45-story high and will have eco-friendly features such as green walls, sky gardens and a 20-meter man-made waterfall. Units will feature one- to three-bedroom configurations.

Another township development scheduled for opening in 2016 is the Uptown Place Mall which will have five stories and six basement floors serving both retails and office areas.

The shopping place will have a total floor area of 47,492 square meters, of which 36,689 sq m are leasable (including an anchor supermarket at the basement and a high-end food court at the fourth level, five modern cinemas on the third floor (similar to the high-tech cinemas featured in Resorts World in Pasay City, another Megaworld development), a roof garden on the fourth level and water features in both the ground floor plaza and roof deck. Retail establishments to be feature in the mall will be composed mostly of high-end luxury brands.

Hernandez said boosted by the impressive take-up of the residential units in the two towers, Megaworld is already planning to launch new towers “very soon.”

Also set for completion in 2016 are five office buildings of 15 to 30 stories high. The flagship corporate office tower is the 25-story Alliance Global tower which will serve as the future headquarters of the Andrew Tan-owned Alliance Global Group Inc. (AGI). One of the country’s biggest conglomerates, AGI has interests in the food and beverage industry, real-estate development, hospitality and gaming, and the quick-service restaurant sector, including Megaworld, Empire East, Global Estate Resorts, Emperador Distillers, Travellers International Hotel Group, to name a few.

Two corporate office buildings are currently being applied for LEED or Leadership in Energy and Environmental Design that provides third-party verification of green buildings, the Megaworld executive said.

Hernandez added that the company plans a good mix of residential and commercial establishments in the Uptown Bonifacio complex. “Hospitality developments such as hotels are in the pipeline and we plan to attract not only business process outsourcing offices but multinational corporations as well.”

Megaworld is investing P65 billion to develop the 15-hectare Uptown Bonifacio which is envisioned to be a huge community of modern condominiums, offices and retail establishments based on the company’s “live-work-play” concept.

Harold Geronimo, Megaworld director for strategic marketing and communications, said the development is expected to be the second central business district within BGC.

Megaworld is developing 104.5 hectares in the former military base. About P15.6 billion will be spent over the next 20 years to develop the 8.38-hectare property in the North Bonifacio Central District into a master-planned, mixed-use complex with more than 500,000 square meters of floor space. Around P22 billion is also allotted to develop the 34.5-hectare McKinley West (formerly known as the Jusmag property) into a mixed-use complex.

Uptown Bonifacio is a joint venture between Megaworld and the Bases Conversion and Development Authority. For Project inquiry, contact us at +639173236123.

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In Photo: Megaworld Senior Vice President Noli Hernandez presents the scale model of Uptown Bonifacio, a P65-billion project in northern Bonifacio Global City composed of luxury condominiums, an upscale mall and corporate office towers, including the flagship Alliance Global tower that will serve as the corporate headquarters of the Alliance Global Group Inc. companies controlled by businessman Andrew L. Tan. Megaworld is developing four projects in the former military headquarters, accounting for 104.5 hectares of the area’s total 200 hectares. (Nonie Reyes)

Branded residence projects on the rise in PHL, CBRE says

Published on Sunday, 07 April 2013 18:24

A SURVEY made by real estate services firm CBRE Philippines recently highlighted that branded residential developments are on the rise in the Philippines. Based on available data, developers have launched at least 16 branded residential projects in the Philippines since 2008.

Branded residences are developments that are built by local developers or owners in partnership with a luxury brand, usually of international caliber. Partnerships may include resort complexes, mixed hotel-residential developments, or through design consultancy.

While relatively new to the Philippine market, current offerings are attractively located in top resort destinations, owing to the strong tourism angle played up by both the government and the private sector in recent years.

Notable examples of world-class branded residences in Philippine tourist destinations include Aqua Boracay by yoo, designed by UK-based yoo studio renowned for its collaborations with international design trendsetters like Philippe Starck. Another such development is the Mövenpick Residences in Cebu, which was co-branded with Mövenpick Hotels and Resorts.

“The presence of branded residences in the Philippines is a sign of the strength of the Philippine real estate market, specifically in the high end and luxury segments,” said Rick Santos, CBRE chairman and founder, in a statement. “A captive international market with a preference for luxury will be observed, most especially for destination properties such as in Cebu and Boracay. This, coupled with the Philippine government’s aggressive tourism campaign, will revitalize investment and renew interest in the country.”

Other branded residences focus on the market segment of primary condo homes, such as those found in prime central business districts of Makati, Taguig and Mandaluyong.  These city condominium residences provide a high level of quality in amenities, facilities, security and recognition, especially for those associated with a distinctive hotel management service. These properties may also command generally higher returns on investment.

“The confidence in the Philippines from an investment standpoint is very high,” explains Santos of the uptrend in luxury branded residential developments in the country. “There are strong macroeconomic fundamentals combined with an amazing confluence of events, such as renewed confidence in the country’s leadership, strong macroeconomic fundamentals, record low interest rates, the outsourcing and business process outsourcing sector creating 4.5 million square feet of new office take-up a year, and the gaming sector taking off like Macau and Singapore, among many others.”

To inquire about Yoo, and Movenpick, pls contact us at 09173236123.