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.

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Ortigas starts P15-B Libis development

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.

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