By Iris C. Gonzales (The Philippine
Star) | Updated September 20, 2013 - 12:00am
MANILA, Philippines - Green energy
company Italpinas Euroasian Design and Eco-Development Corp. (ITPI), an
Italian-Filipino joint venture, has received project perks from the Board of
Investment’s (under the 2012 Investment Priorities Plan (IPP).
The BOI approval is for Tower B, or
the second tower of Primavera Residences, the first eco-friendly and
self-sustaining condominium in Cagayan de Oro City, the company said yesterday.
“Being the first green building in Cagayan de
Oro is really a great advantage. We are setting the trend here in the most
competitive city in the Philippines,” ITPI chairman and chief executive officer
Romolo Nati said.
The Italian-designed Primavera
Residences is composed of two 10-story towers located in Pueblo de Oro Business
Park in uptown Cagayan de Oro City.
Nati, an Italian architect, said the
company chose uptown Cagayan de Oro – located 110 meters above sea level -- for
its project because of its good urban planning, better air quality and higher
land area.
He also highlighted the energy-saving
features of the project.
“Unit owners appreciate the natural
airflow and light that comes into the building through the inner courtyard.
Also, the shaded façades prevent the sunlight from hitting the windows
directly, reducing internal unit temperature. All these contribute to the
lessening of their electricity use, specifically, the use of air conditioners,”
he said.
Jose Leviste III, president of ITPI,
said the company has given high importance to the design phase of the project.
“We give high importance during the design
phase of the project so we are able to make use of local materials and know-how
during the construction phase, ensuring its quality and affordability,” Leviste
said.
The second tower is set to finish
construction in 2014 and will have offer 166 residential and commercial units.
On the other hand, the first tower has
offer 162 residential and commercial units.
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