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ITALPINAS and Pueblo de Oro Execute Agreement for the Development of First Eco-Friendly Building Condo


By: podc (Added: 2009-04-16)



Euroasian Design & Eco-Development Corporation (ITALPINAS) and Pueblo de Oro Development Corporation (PODC) signed the final agreement of the former's acquisition of a property in the Pueblo de Oro Township at Cagayan de Oro to develop the first green building condo in Mindanao.

Twin Eco Towers, a 12,000 square meter mix residential and commercial space, will be the first "green" building complex in Mindanao as it adheres to eco-friendly, sustainable architecture such as generating its own energy requirements, minimizing  power usage and maximizing natural ventilation.              

Envisioned as a beautiful city landmark, Twin Eco Towers will be designed by the Italian architectural firm ITAproject, an internationally awarded Italian company which has an established track record in green architecture and design.  Design conceptualization will be ready in May 2009 and construction is expected to begin in the fourth quarter of   2009.

Investment and Capital Corporation of the Philippines acted as Arranger for the deal.


During the contract signing : (from left) Pueblo de Oro Development  Corporation (PODC) Chairman & CEO Guillermo D. Luchangco , PODC Vice President & General Manager Rodolfo L. Menes, ITALPINAS (ITPI) President & CEO Mr. Romolo Nati and  ITPI Chairman  Mr. Jose P. Leviste, Jr.
(2nd row, from left) ICCP Group Senior Manager for Corporate Communications Apple S. Barretto;  Attorney Benedicto  Panigbatan  of Sycip, Salazar, Hernandez & Gatmaitan, legal counsel for PODC; Attorney Shennan Sy,  legal  counsel for ITPI;  and Attorney Gerry V. Sebastian, legal  counsel for PODC.