Job Openings - Italian Company to Open Green Buildings in Five RP Provinces

ItalPilipinas, Inc (ITPI) a partnership company owned by an Italian company and local firm Constellation Energy Corporation will construct a Green building, a P180 million investment in five key provinces in the Philippines.

The construction of a ten storey condominium in Cagayan de Oro City is expected to be completed in 14 months or by early 2011, said ItalPinas Chief Executive of Officer Romolo Nati.

The 1,000 square meter condominium is said to be the very first green building in Asia and in Mindanao.

Nati added that the company chose to invest in Cagayan de Oro City because most of its higher middle class market compared to other key cities in the country.

“We did a market survey [before we start the project] and we like Cagayan de Oro because it has higher middle class market not to mention its fast-growing economy,” Nati said.

”We are not into Metro Manila because our idea is to focus in the provinces,” he added.

Nati said they are also targeting to build the same facility in Palawan, Mindoro, General Santos and Davao which shows great potential for property development.

The condominium units are sold not more than P3 million but it is all worth it as the unit were designed and tailored in Europe plus the fact that the building produce its own energy which will help tenants to pay less electricity.

The Green Building will have a special solar panel which will help maximize and optimize energy use. It will not only help the tenants pay less of their electricity bill but would also help save the environment from global warming.

“Our goal is to reduce energy consumption…. Our building will save around 33 percent of energy,” he said.

Nati said they are targeting the overseas Filipino workers (OFWs) market and the migrants abroad.

Nati said they are also targeting to build the same facility in Palawan, Mindoro, General Santos and Davao which shows great potential for property development.