Primavera City Construction Progress as of April 2017

To date, the structural works for the first phase of Primavera City is now at 44.55%.

Primavera City is designed as a seven-tower development. The first phase of the project consists of Towers A and B, which are scheduled to be completed in the year 2018. Its seventh tower, the final one to be built, is planned to be a high rise hotel, and an icon of the new and modern face of uptown CDO.

Italpinas net income surges to P44.47 M in 2015

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MANILA, Philippines – Listed green developer Italpinas Development Corp. (IDC)  posted strong sales last year, boosting its income by more than double or 142 percent higher than the 2014 level.

In a disclosure to the Philippine Stock Exchange (PSE), the Filipino-Italian-led company reported a net income of P44.476 million, 142 percent higher than the P18.356 million posted in 2014.

This was achieved as sales soared 62 percent to P216.5 million in 2015, which officials said is a reflection of the success of the company’s  award winning Primavera Residences, a green building in Cagayan de Oro City.

IDC said its operating income more than doubled to P51.1 million in 2015, or 129 percent higher than 2014’s P22.3 million.