CEBU property developer Oakridge Realty Development Corp. (ORDC) opened on Dec. 9, 2019, a refurbished three-story Oakridge IT Center 1 (OITC 1) within Oakridge Business Park, bringing in more office spaces, including curated retail and dining options. The Philippine Economic Zone Authority (Peza)-registered OITC 1 adds another 4,300 square meters of leasable space within the park. The OITC 1 g...
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CEBU’s property boom isn’t showing signs of slowing down, thanks to the robust economy, which drives investments into the real estate business. The property sector remains one of Cebu’s stellar growth drivers in 2019, as residential, office and retail developments have sustained their growth momentum. Joey Bondoc, senior research manager at Colliers International, said Cebu...
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THE country's leading weighing scale manufacturer launched its first hospitality business Blue Lotus Hotel in Davao City, Sunday, January 5, 2020. "This is our first time to venture into the hotel business," Blue Lotus Hotel president Amparo Policarpio said at the opening ceremonies. Policarpio is also the founder and president of First Philippine Scales Inc., manufacturer of t...
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ROBINSONS Land Corp. (RLC) formally marked its venture into the luxury hotel sector with the recent launching of Dusit Thani Mactan Cebu, and it will be the first in a planned network of top-end accommodations. “We’ve had hotels for a while now. Moving forward, we thought we should go to the high-end segment,” Arthur G. Gindap, senior vice-president and business unit general m...
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INTERNATIONAL Workplace Group (IWG) signed its first franchise partnership in Southeast Asia, teaming up with a Cebu-based company to develop workspace franchises in the Philippines. In a statement, IWG said it signed the franchise partnership agreement with AppleOne Properties, Inc. (API) on Dec. 18. Under the deal, API and IWG will develop eight workspace facilities in six cities in the Vi...
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A UNIT of D.M. Wenceslao and Associates, Inc. (DMWAI) has completed its first residential project. In a statement, Aseana Residential Holdings Corp. (ARHC) said it has inaugurated Pixel Residences located at DMWAI’s flagship mixed-use estate, Aseana City in Parañaque. “With Pixel residences, our residential chapter in the company’s ever evolving transformational stor...
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