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Aqua Verde Ortigas[res/pro] Libis,QC


Ortigas group allots P20b
By Jenniffer B. Austria
The Ortigas group is investing P20 billion to transform a 12-hectare property in Bagumbayan, Quezon City into a residential complex aimed at the middle- and upper- income markets.
Rex Drilon II, chief operating officer of Ortigas & Co. Limited Partnerships, said during the launching of the project yesterday Aqua Verde would be the group’s largest and most ambitious project so far.
Construction of the project will be done in phases over a 10-year period. The first phase will include development of five mid-rise buildings offering 900 residential units costing between P4.5 and P5 million each.
Residential buildings will offer one- and two-bedroom units as well as two-bedroom bi-levels and few three-bedroom units.
Drilon said the group also planned to put up some retail and commercial establishments within the area to support the needs of residents.
The whole project is envisioned to be a low- density development with more than 70 percent of the land area allocated for neighborhood parks and open space.
The company has engaged international design firm RTKL to transform the prime property into a master-planned community of middle- and high-end buildings.
Drilon said internal funds would finance the project.
The Ortigas group acquired a 12.74-hectare property in Kalye Industria in Libis, Quezon City from its subsidiary, Concrete Aggregates Corp., for P1.13 billion.

Ortigas bares P15-B dev’t project

Ana Marie Macuja

Ortigas & Company, Limited Partnership (OCLP), the developer of prime residential subdivision Valle Verde and commercial projects such as Greenhills Shopping Center and Tiendesitas, yesterday launched a P15-billion project called Aqua Verde Ortigas.
Considered as the company’s largest and most ambitious project to date, Aqua Verde Ortigas is a community of low, mid, and high-rise buildings that would sit on a 12-hectare property in Quezon City.
Divided into four phases, Aqua Verde Ortigas will comprise of 12 to 15 buildings and will be developed over a period of 10 years. Phase 1 of the project, measuring 2.7 hectares and consisting of five buildings, will break ground next month.
The first two residential projects which will be offered to the public are Majorca Residences and the Ibiza Tower. These projects, according to OCLP, will set the tone for the rest of P15-billion development.
Ibiza Tower, which will cater to young couples, independent professionals, and entrepreneurs, will consist of 23 floors of residential units, two floors of retail units, and two floors allotted for parking space.
Majorca Residences, on the other hand, will consist of 11 storeys of residential units, two floors dedicated for retail establishments, and a two-level podium for parking. This project is suitable for start-up families, families with young children and empty nesters.
Residential units offered by both Majorca Residences and Ibiza Tower will range from P3.3 million to P8.9 million.
"Aqua Verde offers a lot of unique value propositions," said OCLP Real Estate Division GM Cathy Casares-Ko. "Underscoring all of them is our theme of achieving harmony and balance in one’s lifestyle."
Located in the vicinity of active neighborhoods and business districts, Aqua Verde Ortigas, according to OCLP, offers the choice to cocoon in one’s private space, or to be in the whirl of city living.
Travel time to Ortigas Center can be as little as five minutes and about 30 minutes to Makati. Its proximity to work, study, and leisure destinations makes Aqua Verde a logical choice for people who never want to be away from the action, the company added.
Aqua Verde Ortigas is carefully master-planned by international design firm RTKL.
"We at OCLP have always strived to be the partner of choice for value-driven real estate and retail development, which become quality communities for our loyal customers and tenants," shared OCLP COO Rex C. Drilon II. "All our projects, including The Greenhills Shopping Center, Tiendesitas, Valle Verde and Greenhills Subdivisions, and Luntala Valle Verde are testaments to this."
"We recognize the diversity of the market’s needs today. This is why we will offer choices of living space that will not only cater to the expectations and needs of our customers, but open their eyes to new possibilities," Ko, meanwhile, said. New possibilities such as one- and two-bedroom bilevel units – that will bestow the premium of space that is not possible even with lofts, she added.
Aqua Verde is envisioned to be a low-density development with more than 70 percent of the land area allocated for neighborhood parks and open space. Each of these has its own personality, and together they will help to enhance the lives of the residents by offering endless opportunities for recreation, interaction, and even introspection.
Aqua Verde adopts a main-street town center concept and combines pedestrian-friendly design with easy vehicular access, ample parking, and a diverse blend of neighborhood retail shops, offering residents a delightful point of convergence. Modern residential structures which take inspiration from the classic Brownstone architecture take prominence along the main street; densities and heights of the buildings are arranged so that views are maximized and nature is allowed into the living space.(AMM)

Ortigas to develop QC lot
ORTIGAS & CO. Ltd. Partnership is spending P15 billion over the next 10 years to convert a 12-hectare property in Quezon City into a mixed-use community targeting the middle-income market. In a press briefing, Chief Operating Officer Rex C. Drilon II said the property had been acquired from its listed subsidiary, Concrete Aggregates Corp., for P1.13 billion. Located at Calle Industria, Quezon City, the community, named Aqua Verde, will be developed in four phases. The first phase involves the construction of five buildings this year, but only two will be launched — Majorca Residences and Ibiza Towers.

Guys gumawa na ako thread para sa project ng Ortigas I hope ok lang sa inyo first time ko kasi gumawa nato!

The OC
2,903 Posts

Ortigas to spend P15B for mixed-use project
By Daxim Lucas
Philippine Daily Inquirer

MANILA, Philippines--Property developer Ortigas & Co. recently unveiled a major mixed-use real estate project, signaling a major shift in strategy for the conservative firm and bucking a general slowdown in the sector this year.

In a press briefing, Ortigas & Co. chief operating officer Rex Drilon II said the company would spend as much as P15 billion over the next decade to develop a 12-hectare property in Quezon City.

The project, dubbed Aqua Verde Ortigas, will rise at the end of Calle Industria, along the Marikina River and near the Eastwood City complex of Megaworld Corp.

Company officials stressed the Aqua Verde project would be "unequalled" by other community developments like Eastwood, the Lopez group's Rockwell complex or the Serendra project of Ayala Land Inc.

We will have the lowest density in terms of floor area ratio (FAR)," Drilon said.

FAR measures all covered floors of a certain project as a percentage of its total land area. A lower FAR represents lower living area density which allows a property firm to charge a premium for the project.

The company said the Aqua Verde project would have a FAR of four, compared to five for Rockwell, eight for Serendra, and as high as 11 for Eastwood.

Drilon added that the other main selling point of the project was its "value for money" price, as it would be selling it for an average of P80,000 per square meter, or lower than the price tags for similar developments.

A total of 5,000 units would be sold for the entire project, and the first of four phases will be launched later this year.

More importantly, Drilon said the project represented a shift in strategy for the firm since it would be its first venture into mixed-use community developments.

Included in this strategy, he said, was the "long-term redevelopment of Ortigas Center," which would see several new projects rise on vacant lots within the central business district.

Drilon said the redevelopment would also be "master-planned" by urban planning consultant RTKL, potentially addressing a long-standing weakness of the country's second largest central business district.

He also said RTKL was in the process of completing plans for a new Greenhills Shopping Center that would be launched before the end of the year.

The OC
2,903 Posts

Ortigas starts P15-B Libis development
By Rizal Raoul Reyes
May 20, 2008

MAJOR real-estate developer Ortigas & Co. Ltd. Partnership (OCLP) unveiled a P15-billion real-estate project, the biggest and most ambitious project to date for the 76-year-old company.

Rex Drilon II, chief operating officer of OCLP, said the launch of Aqua Verde signifies that the company intends to be an active player in the real-estate market again.

“We at OCLP have always strived to be the partner of choice for value-driven real estate and retail development, which become quality communities for our loyal customers and tenants,” he said in the briefing.

Drilon added that past projects of OLCP, such as the Greenhills Shopping Center, Tiendesitas, Valle Verde and Greenhills subdivisions and Luntala Valle Verde, are manifestation that the company will carry on the same quality and value for money of the client.

Located on Calle Industria in Libis, Quezon City, the 10-year project will include the construction of 12 to 15 buildings in the12-hectare property.

Cathy Casares Ko, real-estate division manager of OCLP, said the Aqua Verde project is aimed to be a low-density development, with more than 70 percent of the area allotted for neighborhood parks and open space.

She added the emphasis on green living is in line with the company’s adherence to support a sustainable and balanced lifestyle.

She said Phase 1, which will offer five buildings of various densities, will be made available within the year. Price range is from P3.3 million to P6.3 million. International architecture firm RTKL was tapped to implement the master plan. Phase 1 is expected to be finished in three years.

Drilon said Aqua Verde will have classic Brownstone architecture features on the major streets and assured that the densities and heights of the buildings are arranged so that views are maximized.

In the same briefing, Drilon said OCLP will continue the modernization program of the shopping center in Greenhills, which has been included on most tourist itineraries because of the ever-present tiangge (flea market) in the area. He added that the company will also develop a prime property in front of the Asian Development Bank building in the Ortigas Business District.

To gain a foothold in the growing business-process outsourcing (BPO) industry, Drilon said the company plans to develop four buildings for knowledge process-outsourcing operations. He said two of the four planned buildings, with a total area of 20,000 square meters, will be constructed initially. The total cost for the four BPO projects is expected to reach from P2.5 billion to P3.5 billion.

The OC
2,903 Posts
(no link, article retyped)

When green and blue make good 'feng shui'
Margaret Jao-Grey
Business Mirror
May 19, 2008

No, Ortigas & Co., Ltd. Partnership (OLCP) didn't name its latest project "Aqua Verde" because its deputy chief operating officer Joey Santos is from De La Salle University and real estate division general manager Cathy Co is from Ateneo de Manila University. In truth, Aqua Verde combines OCLP's lucky color (read: Greenhills, Frontera Verde, Green Meadows, Valle Verde) and the ideal color of Marikina River, which skirts half of the property in Quezon City. And, yes, the property has good feng shui, with the river in front and the mountains behind.

Although the project is not really huge at 12 hectares, only 30% is set aside for 12 to 15 high-rise residential buildings. The rest will be open spaces for children to play in and adults to take in the fresh air. Hey, there's even a dog park so neighborhood dogs can, well, get to know each other.

Unit Manager - Pru Life U
106 Posts
Aqua Verde sounds like mineral water to me.

They could have gone french. Eau Vert. Sounds more classy to me. Or something more metaphorical.

"San ka nakatira?"

"Sa Aqua Verde." Hmmmn... Either you're a fish or you've bad taste.

Doesn't have the same ring as Valle Verde or Greenhills or Eastwood.

Has Manila ran out of branding experts?
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