Federaland presents latest proj to Cebu investors

CEBU, Philippines - Noting the bulk of customers that they have for present and previous projects and the potential clients that anticipate new condominium units, known real estate provider Federaland and a Japanese company partner- Orix, introduced the developments of their newest project.

During a gathering of clients of Metrobank, which real estate arm is Federaland, Jose Mari Banzon, the Executive Vice President of the real estate company said that they are always eager with the Cebu market since they always get huge support from the locals especially with those wanting to invest.

Banzon explained that with the trend of using or investing in condominium units, they anticipate the huge support they could collect from the public for their new condominium named the Grand Midori, located in the country’s business and lifestyle district, Makati city.

According to Banzon, the Grand Midori was conceptualized in 2008 and construction has been going on where they aim to finish and turn over the first building by the year 2012 and the second building, which is also 38 stories, will be completed by 2014.

 With 320 units offered, around 50 percent of the first tower has already been sold which Banzon said was availed mostly of their target market which is the middle to upper market.  

Stretched in a 3,282 square meter area in the busy area of Makati , Banzon said that despite the existing and emerging competition around, Grand Midori has its edge on the location since it is in the quiet corner in Legaspi village which offers a quiet environment.

Aside from the location, Banzon shared that they have a lot of strengths with the quality of the finishes, the service to be provided and the amenities to be given.

Banzon said that they invested around P2.5 Billion for Grand Midori in line with their aim to continuously provide quality projects that Federaland has been branded for like the Oriental Place, Bay Garden Club and residences, Capital towers in Quezon City, Marquinton Golden Terraces in Marikina, Oriental Garden residences in Cavite and a lot more that sums up to over 50 projects ranging from condominiums, office buildings, events venues, hotels and retail and entertainment centers.

He said that the Grand Midori is part of their expansion plans and they definitely will be continuing on putting up more projects adding to more than three decades of experience in the industry.

 The Grand Midori is a tripartite partnership between, Federaland, Metrobank and Japanese company Orix Corporation which is an integrated financial services group that includes international and financial expertise.

Banzon said that the partnership with Orix makes Grand Midori even more unique as it is made with “first class Japanese influences and Filipino industry rolled in to one.” — AJ dela Torre