Published on 13 July 2012 [ manilatimes.net ]
Written by Madelaine Miraflor
Real estate giant Ayala Land Inc. and
Cebu Holdings Inc. is redeveloping a P10-billion project in Cebu called Cebu
Park District (CPD), which is going to be Cebu’s central business district.
Cebu IT Park and Cebu Business Park
are now being combined to form CPD.
“Given that both commercial squares
are geographically aligned and strategically located at the heart of the city,
addressing them as a single destination will solidify and strengthen their
potential as business centers,” said Antonino Aquino, president of ALI.
He added that, “Mirroring the synergy
of both parks will practically provide a larger environment for business
process outsourcing [BPOs] and even for other businesses that will spur growth
in the region.”
ALI cited a report in December 2011
that says that the BPO industry is poised to grow dramatically in the coming
years, clearly giving a positive impact to Cebu’s economic trajectory.
Recently, ALI launched its P65-billion
investment for a central business district that will rise in Quezon City, the
largest city in Metro Manila. ALI has partnered with the National Housing
Authority in this project.
In June, ALI commenced its P30-billion
investment in Bonifacio High Street in Global City, which includes the new
Shangri-La Hotel, new Philippine Stock Exchange building and a high-rise
residential development called “The Suites.”
CPD residential
ALI will also develop a residential
area in CPD since it sees the area as accessible and convenient.
“Only Ayala Land Premier managed to
integrate its residential tower in Cebu while Alveo Land’s Solinea complements
Cebu’s resort vibe by having stylish living spaces and well-appointed
amenities,” said Aquino.
“Avida, on the other hand, furthers
the living options through a multi-tower residential complex that are in close
proximity to the business and lifestyle centers in the district,” he added.
According to ALI, the rise of these
residential areas will bring more urbanity to the area, given that Cebu itself
has vigorous living possibilities.
“For this reason, CPD is also bringing
open and lush breathing spaces to provide places to relax and to highlight the
development’s family friendly impressions amid the usually busy settling of a
cityscape,” ALI added.
______________________________________________________________
