By Zinnia dela Peña (The Philippine
Star) Updated October 15, 2012 12:00 AM
MANILA, Philippines - The family of
businessman-stockbroker Felipe Yap is building a P5 billion mixed-use complex
in Davao.
The project, dubbed Felcris Centrale,
will feature residential towers, hotels, a 10-story office/BPO building and a
full-service retail mall.
Located on a 5.9-hectare property in
Bgy. Bucana, the project with a floor area of more than 54,000 square meters,
is targeted for completion in the third quarter of 2013.
The first phase of the project will
see the completion of the mall and BPO building at a cost of at least P1
billion.
Colliers International, a global
leader in real estate services, will handle exclusive landlord representation
for office spaces in Felcris.
Davao is seen to be the next wave city
in the Philippines most suitable for call centers and BPO businesses.
Felcris Centrale will be the first in
a string of prime office/BPO buildings to rise in the city.
The Yap family has been in the real
estate business for more than 30 years now, starting as a small retail store
selling textiles. It later expanded with the construction of supermarkets and
warehouse clubs. The group recently formed Felcris Hotels and Resorts Corp.
Yap is also into the mining business
through Lepanto Consolidated Mining and Manila Mining Corp. He also owns
brokerage firm F. Yap Securities.
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