NEWS

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CHI eyeing partnerships for future Cebu projects

Tuesday April 19, 2016

Apart from the P13 billion capital expenditure allocated for projects already mapped out for the next five years, Ayala-led Cebu Holdings Inc., is also actively looking for possible partnerships to boost its project inventories in Cebu. CHI president Aniceto V. Bisnar, Jr., reported during the Annual Stockholders Meeting yesterday, that the company’s revenue grew by 63 percent in 2015. "I am pleased to report that our revenue by the end of 2015 was at P3.7 billion, 63 percent higher than 2014. This is largely from the lease income of our retail and office businesses, as well as the sale of commercial lots to related parties and meant for development," Bisnar told stakeholders yesterday. Fueled by the over-all market and economic vibrancy with promising outlook, Bisnar said that CHI is focusing on building and developing its ongoing projects, including big ticket investments in partnership with other conglomerates like SM Holdings (SRP project), Aboitiz Group (Mandaue integrated development), and the Metro Gaisano Group (Mactan leisure and commercial project). The publicly-listed CHI also announced that it is on constant lookout for possible partnerships within Cebu to expand its foothold in the real estate development here, thereby sustaining its leadership in the sector. According to Bisnar, the company will not limit its expenditure to the projected P13 billion in the next five years, as it is also anticipating "hard-to-resist" (joint venture) offers with Cebuano land-owners along the way. "We have been receiving good partnership offers from several land-owners in Cebu," Bisnar said hinting that the company's interest to develop more projects, other than what has been announced is possible. Last year, the company spent P2.7 billion as capital expenditure. This was spent for the continuing construction of new projects, investment in subsidiaries and affiliates, and aggressive land banking. As a result, the company's total assets has grown to P19.7 billion, a 20 percent increase from the previous year. In the last five years, the company has been growing in the 16 percent average annual growth rate. Bisnar said it is seen to continue growing in the same or higher growth part at least until 2020. CHI is the developer of the 60-hectare Cebu Business Park, and the mother company of Cebu Property Ventures Development Corporation (CPVDC), the developer of 24-hectare Cebu IT Park. As build-up continues with its existing estates, the company has closed deals with counterpart conglomerates like SM Prime Holdings, Aboitiz Group and Metro Gaisano Group to seize opportunities for expansion in Cebu. Together with Aboitiz Group, CHI will soon launch the 17-hectare city center project located in Subangdaku, Mandaue within this year. Meanwhile, the company’s joint venture project with SM Prime Holdings, which is its first venture at the South Road Properties (SRP), will allow CHI together with its mother company Ayala Land Inc. to co-develop a 26-hectare lot with SM Group. Likewise, CHI and Metro Gaisano Group  is completing the masterplan of the 13-hectare property in Mactan, which is designed to further boost Cebu's tourism industry. "The company continued on its steady growth in 2015, against the backdrop of a strong Philippine economy. We continued to capitalize on the dynamic market as we seek opportunities to grow the business even further," added Bisnar in his report to stockholders. (FREEMAN)  

Cebu Holdings allots P13B for projects in next 5 years

Monday April 18, 2016

Ayala-led Cebu Holdings, Inc. (CHI) has earmarked more than P13 billion for its identified projects in Metro Cebu in the next five years. This includes the P5.8 billion that has been set aside for capital expenditures this year, more than double the P2.7 billion spent last year, as well as the P500 million for the development of a portion of the 26-hectare lot acquired jointly by the Ayala Group and SM at the South Road Properties (SRP) in southern Cebu City, said CHI president Aniceto V. Bisnar, Jr. During the company’s stockholders meeting yesterday, Bisnar said the company intended to continue on a high growth path until 2020. The company reported a 16-percent compound annual growth rate in the last five years. Last year, net income went up 56 percent to P827 million. EXPANSION Bisnar said the company will continue to diversify its estates while pursuing expansion plans that include three new mixed-use developments, more residential units, and additional leasing income from new malls and office spaces. CHI will launch this year a 17-hectare city center project in partnership with subsidiary Cebu Property Ventures and Development Corp. (CPVDC) and AboitizLand, Inc. Bisnar, who is also CPVDC president, said the Mandaue project is a major milestone for CPVDC as it is the company’s first venture outside Cebu City. “More than ever, the time is ripe for us to recalibrate our strategies for greater growth, increase our portfolio, and realize much higher values from our initial investments,” Bisnar said during the CPVDC stockholders meeting yesterday afternoon. The project is envisioned to host another regional mall and residential condominium units, among others. CHI is also completing the masterplan for a 13-hectare property on Mactan Island, which is envisioned to be a resort development that will further boost Cebu’s tourism industry. Bisnar said they were also completing, together with parent Ayala Land, Inc. as well as SM Prime Holdings, Inc., the masterplan for a 26-hectare SRP lot that they won in a bidding in June last year. SRP PROJECT Of the 26 hectares, three hectares will be set aside for an arena that will be constructed by SM. The balance of 23 hectares will be split evenly between SM and the Ayala-CHI Group. “This is our first venture in the southern part of Cebu City, as we strive to expand urban development to new areas in the province. We are currently in the stage of jointly masterplanning this development,” Bisnar said in his report to the stockholders. “As we increase our landbank and develop spaces that generate substantial cash flow, we also increase our recurring income portfolio to enable the company to withstand changing market conditions,” he added. Enrique B. Manuel, Jr., CHI chief finance officer, said in a press conference after the stockholders meeting that CHI and Ayala Land have each allotted P500 million for the horizontal development of the property until 2018. He also said the P13 billion that CHI is setting aside for the next five years is part of the P25 billion that parent company Ayala Land announced for Cebu projects in the same period. BUILD-UP At the 50-hectare Cebu Business Park (CBP), where 38 buildings have been built, Bisnar said 11 more buildings are under construction. Among the new buildings are Ayala Center Cebu Tower, an information technology-business process outsourcing (IT-BPO) building on top of the mall; Tech Tower, which offers office spaces; BPI Cebu Corporate Center by Alveo Land, which offers professional work spaces for ownership; and The Alcoves by Ayala Land Premier, which offers 480 residential condominium units also on top of the mall. Upon completion, the total built-up area at CBP will reach 824,040 square meters of gross floor area for office, retail and residential uses. At the 27-hectare Cebu IT Park, flagship development of CPVDC, there are 23 buildings. Nine more are under construction, including the fourth eBloc Tower and the Central Bloc which will feature an Ayala mall, two BPO office towers and a Seda Hotel. CHI ended 2015 with an all-time-high revenue of P3.7 billion, 63 percent higher than in 2014. Revenues were largely derived from commercial lots sales, lease income from Ayala Center Cebu and eBloc Towers, and sale of residential lots and condominium units. CHI declared cash dividend of P0.12 per share to all shareholders in December last year. CHI shares ended flat at P5.20 apiece yesterday. (CEBU DAILY NEWS)  

5 things to inspire you this summer at Ayala

Monday April 11, 2016

Summer promises endless sunshine, lasting memories and exciting travels, but there is more to the sunny season than pristine beaches and thrilling adventures. It is also the season of discovery, a perfect excuse to do something different and find new inspirations that will nourish the soul. This April, Ayala Center Cebu lists five things that inspire. Soothing music for the soul Fill your nights with captivating tunes and lyrics that hit close to home with a musical spectacle. On Saturday, April 9, catch students of the Brown Academy of Music at the “Turn Up the Music!” concert, featuring Anna Fegi-Brown and other special guests at The Terraces. On Sunday, April 24 at 5 p.m. Let music take control of your summer with the latest hits by Cebu’s hippest DJs and favorite acoustic sounds with Summer Soundtrack featuring Cebu’s best local artists at the 4th Level Garden and The Terraces from April 1 to May 28. Vibrant colors of art From April 13 to 17, stimulate the senses with an interactive exhibit about the coral triangle and life under the sea at the The Mind Museum: A Glass of the Sea Travelling Exhibition happening at the Activity Center. A masterful play of words Let the language of wordsmiths take you on a rollercoaster of emotions. On Monday, April 25, 5 p.m., witness students of USJ-R as they showcase their confidence and English proficiency at the culminating program of Speechcom International Inc. New ventures and hobbies Start something new on April 8 to 10 by learning the ins and outs of franchising opportunities in the food, retail and service sector during the Philippine Franchise Association Expo at the Activity Center. Jumpstart your healthy lifestyle this summer and get ready to discover the steps of living well at the FWD Life’s Live to Move Health & Wellness Campaign, “Move for a healthier Lifestyle!” on Saturday, April 23 at The Terraces. For the months of April and May, nurture your children’s creativity and interests with Ayala’s summer workshops in taekwondo, ballet, fashion modelling for teens and kids, cooking, hosting, drawing and painting, voice workshop, guitar and violin lessons, and Vanguard card game. All-time favorite entertainment Nothing beats the familiar rush of joy that our usual favorites give such as movie marathons, shopping and fashion. Catch the stars of the movie, My Candidate on Saturday, April 9, 4:00 p.m. at The Terraces. Get the chance to meet Derek Ramsay, Iza Calzado and Shaina Magdayao up close for a meet and greet session. On April 9 and 23 at 7 p.m., watch your favorite family movies and chick flicks under the company of stars at the Family Outdoor Movie Nights at the Belo Garden. At the Gallery, get the best deals on summer essentials and other travel needs from participating merchants during the Summer Souk from April 22 to 24. On April 30 at 6 p.m., be part of #SartorialSummer, a midsummer party featuring the latest summer trends in hippie style. Shoppers can enjoy great finds from the Felici Pop -Up, a line of premium ladies wear that is proudly Cebuano from April 1 to May 31 at the Level 2 of The Gallery. Have a happy, colorful summer at the region’s premier lifestyle destination in shopping, dining and entertainment, like Ayala Center Cebu on Facebook at www.facebook.com/AyalaCebu and follow @AyalaCenterCebu on Twitter and Instagram. For more information, contact the Ayala Concierge hotline at 231-5342 to 44 local 324 or 266-2535. (CEBU DAILY NEWS)  

‘Songs of Summer’ at The Terraces

Sunday April 10, 2016

The Weekly folk music fest "Songs if Summer" is back to bring some good ol' homegrown tunes for the balmy summer nights. "Song of Summer," conceived by 22 Tango Records and co-presented by Ayala Center Cebu, was created to provided  a space for local singer-songwriters and music acts to and celebrate the homegrown sound. "Songs of Summer" is a spin-off of 22 Tango Records' Pop-up music series "Folk City" which started in 2013. In the last two years, the series has toured aroung the metro, providing a listening experience that highlights songwriting talents of Cebuano artists. "Folk City" has been at the mall, the park, the local farmers' market and one of our beautiful beaches. Steering away from the usual "cover song"- dominated live music experience, "Folk City" is a platform for unique live performance opportunities, showcasing Cebu's emerging talents and well-loved music acts. Now on its second year, "Songs of Summer" will feauture familiar names such as Lourdes Maglinte, Mary Anchit, Ella Melendez, Mother Folker and Vincent Eco. The city's favorite band  of brothers, The Wong-goys are set to share new tracks from their upcoming sophomore album too. Olus, the multi-instrumentalist duo The Labrats will emerge as Canada-based member Cilee Kuizon is in town for a visit. Also in the line up are My Dragon Eats Cat Food, Jessica McYorker, Cuppa Folkers regulars Kurt Ebarita and Micmic Kindica, with his band Three-legged Men, Honeydrop, Snubear, Loop and Bethany. Silingan ni Felicity and 2B Boys are also in the mix, along with some exciting new solo acts coming our way this May. "Songs of Summer" is happening all Wednesdays of April and May, 8 p.m. at Ayala Center Cebu. The stage will be set up under the pretty acacia tree at The Terraces with a set design by Cuckoo Cloud Concepts to complement the whole listening experience. Spend your summer nights under the diamond sky while listening to tales of the heart and soul through poignant poetry and beautiful melodies. For the latest event details, visit www.22tangorecords.com. (CEBU DAILY NEWS)  

Run for scholars set

Friday April 8, 2016

The Home Run 2016 with the theme “Run to Build Their Future” will be held on April 23. The run is organized by the Primary Group of Builders, through its Primary Structures Educational Foundation Inc. (PSEFI), to raise funds for the foundation’s technical training scholarship program. The program offers free courses in welding, masonry, plumbing, carpentry and housekeeping, among others, to out-of-school youth and adults and persons with disabilities. Women empowerment is also an advocacy of the foundation. According to Paulette Liu, chief operating officer of PSEFI, “Increasing the number of women in the construction industry is really a hurdle, a challenge, since there’s still a lot of resistance, but I think we should give them the opportunity as well.” The PSEFI-SKILLS boasts of having trained the first batch of female heavy equipment operators for bulldozers and cement mixers at construction sites, not just in Cebu, but other parts of the southern Philippines as well. The foundation also takes pride in having produced no less than two thousand competent and globally competitive tech-voc students since it was founded in 2008. The run has three categories: 3k, 6k and 12k. The run begins at 4:30 a.m. at the Cebu Business Park along Sumilon Road. Registration is ongoing until April 18 at the Primary Homes office on the second level of SM City Cebu, or at RUNNR in Ayala Center Cebu. Registration fee is P250 for the 3k, P350 for the 6k and P450 for 12k. The fee is inclusive of  singlet, bib, snacks and giveaways. /Ateneo de Zamboanga University Intern Pristine Janielle Padua  

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