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TPEPI - Seagrove Mixed-Use Development - Cebu - Project Profile

Synopsis

"TPEPI - Seagrove Mixed-Use Development - Cebu - Project Profile" contains information on the Scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "TPEPI - Seagrove Mixed-Use Development - Cebu - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
Taft Punta Engaño Property Inc. (TPEPI), a joint venture between Ayala Land Inc. (ALI), Cebu Holdings, Inc. (CHI) and Taft Property Venture Development Corp (TPVDC), are undertaking the construction of a mixed-use project in Cebu, the Philippines.

The project involves the construction of a mixed-use complex on 14ha area. It will include the construction of commercial area, leisure facility, resorts, hotels with Holiday Inn Resort as its main anchor, waterside retail, entertainment and outdoor recreation components, residential units, retail stores, restaurants, a swimming pool and parking facility, and the installation of safety and security systems. The project will be developed in phases.

The first phase includes construction of boardwalk, support restaurants and shops, a portion of the lagoon, an events ground, and the pedestrian corridor.

On April 29, 2013, ALI has formed a joint venture with the TPVDC for the development of the project.

In September 2013, ALI secured majority stake, rights, obligations and undertakings under the joint venture agreement with the TPVDC and TPEPI.

On November 10, 2017, a groundbreaking ceremony held on the project.

Construction is underway and the first phase is expected to be completed by 2020.

Scope

The project involves the construction of mixed-use facilities on 14ha of land in Mactan, Cebu, the Philippines.

The US$670 million project includes the following:

1. Construction of residential units

2. Construction of restaurants

3. Construction of retail space

4. Construction of commercial units

5. Construction of leisure facility

6. Construction of resorts, hotels

7. Construction of a swimming pool

8. Construction of parking facility

9. Installation of safety and security systems

Reasons To Buy
- Gain insight into the project.
- Monitor the latest project developments.
- Identify key project contacts.

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TPEPI - Seagrove Mixed-Use Development - Cebu - Project Profile
Published By :Timetric
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