Biyernes, Enero 20, 2012

CANMARC Real Estate Investment Trust announces January 2012 distribution

MONTREAL, Jan. 20, 2012 /CNW/ - CANMARC Real Estate Investment Trust ("CANMARC") (TSX: CMQ-UN.TO - News) announced today that a cash distribution of $0.07917 per unit of CANMARC (the "Units") for the month of January, 2012 will be payable on February 15, 2012 to unit holders of record as at January 31, 2012.
Unit holders can participate in CANMARC's distribution reinvestment plan (the "DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Units issued from treasury and will also receive bonus Units equal in value to 3% of their monthly cash distributions. The DRIP offers unit holders the opportunity to steadily increase their ownership in CANMARC without incurring any commissions or brokerage fees. Complete details of the DRIP are available from a unit holder's investment advisor.
About CANMARC Real Estate Investment Trust
CANMARC (www.canmarc.ca) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Quebec. Managed internally, CANMARC owns a portfolio of Canadian income-producing commercial properties, consisting of retail and office properties with certain industrial properties. In total, CANMARC properties comprise approximately 9.1 million square feet of commercial gross leasable area and 464 multi-family residential units located in Quebec, Atlantic Canada, Western Canada and Ontario.

Martes, Enero 17, 2012

Robinsons Land budgets P13b for capital spending

Robinsons Land Corp., the real estate unit of conglomerate JG Summit Holdings Inc., is spending P13 billion this year to finance land acquisitions and construction of real estate projects. Robinsons Land said in a filing with the Philippine Stock Exchange that it would spend 62 percent of the budget, or about P8 billion, for the construction of shopping malls, office buildings and hotels. The company will allot 38 percent, or P5 billion, for building residential condominiums and horizontal housing units.
“These will be funded through cash from operations and borrowings,” Robinsons Land said. Capital spending in 2012 was slightly lower than P13.9 billion in the previous year. Robinsons Land said net income in fiscal year 2011 that ended September rose 10 percent to P4 billion as gross revenues grew 18 percent to P13.3 billion from P11.3 billion a year ago. The commercial centers division contributed P6.23 billion of the real estate revenues for the year, up 8 percent from P5.7 billion last year. The company attributed the increase to higher rental fees and strong take-up of leased areas in recently renovated malls.
The company had seven new shopping malls in 2011 while three expansion projects are in the planning and development stage for completion in the next two years.
Robinsons Land’s residential division booked P4.5 billion in revenues, up 41 percent a year ago due to an increase in the completion levels of existing projects, such as The Fort Residences, East of Galleria and Woodsville Viverde and higher take-up of realized revenues from new projects such as Trion Tower 1, Sonata 1 and Amisa 1 and 2.

Lunes, Enero 16, 2012

Settlers told to stop building structures

Settlers were told to stop building illegal structures within a 505-hectare forested area in the hinterland barangays of Tabunan and Taptap in Cebu City.

The cease-and-desist order was issued yesterday by Regional Executive Director Maximo Dichoso of the Department of Environment and Natural Resources in Central Visayas (DENR-7).

He met with retired police general Tiburcio ?Tiboy? Fusilero who reported that more claimants were entering the protected watershed to broker the sale of lots, cut trees and build structures.

Fusilero said there were only 12 original claimants in the area when the 505-hectare site was declared a protected area in the 1990s.

But today, more than 25 claimants inhabit the area based on a 2009-2010 survey conducted by the Cebu City government. Unregulated activities in the area like tree cutting pose harm to the forest?s biodiversity and the watershed as a source of water supply.

The 505 hectares was placed under Fusilero?s stewardship by the DENR in 2002 as part of the Adopt a Mountain program. While his group?s intensive tree planting activities have regreened the area, Fusilero has also clashed with settlers and farmer activist groups, who accuse him of depriving them of their livelihood.

The area is part of the Central Cebu Protected Landscape (CCPL) under the supervision of the DENR.

Although the land is not open to private sale and cannot be titled, the uplands continue to be the subject of real estate speculation and illegal sale of ?rights? based on tax declarations.

Dichoso tasked Fusilero?s personnel and the DENR Forest Resources Development Division to distribute copes of the cease-and-desist order.

Dichoso also suggested a dialogue ?as soon as possible? with the claimants and property brokers to check their documentary proofs of ownership.

?If it would be proven that their structures are illegal, the property will be demolished and they will be penalized,? said the DENR officials.

Fusilero said he reported the illegal sale of lots by claimants to the DENR-7 before but no action was taken on it.

?With the cease-and-desist order, the ?squatters? would lessen,? Fusilero said.

A special task force is also being planned for the CCPL, independent from the Protected Area Superintendent?s Office (PASO). The task force will conduct regular monitoring on the protected area.

The CCPL established in Republic Act No. 9486 covers five watersheds: Buhisan, Mananga, Kotkot-Lusaran, Sudlon National Park, and the Central Cebu National Park.

These watersheds are located in the cities of Cebu, Talisay, Toledo and Danao and in the towns of Minglanilla, Consolacion, Liloan, Compostela and Balamban in Cebu province. Any purchase, mortgage and lease of any portion of the CCPL is prohibited.

globalnation.inquirer.net

Linggo, Enero 15, 2012

OUR CEBU WELCOMES Sinulog 2012

The 2011 Sinulog festival is Cebu’s biggest and most popular festival. It is celebrated every 3rd Sunday of January. The feast is in honor of the holy image Señor Santo Niño de Cebú. Fiesta Señor, as it widely known, is the most celebrated among Cebu’s festivals where people converge along the route of a grand solemn procession and partake in the gaiety amidst a mardigras parade immersed in vivid colors and the constant drums of the Pit Señor.
Mantawi Festival
Unique and exotic, dance steps are accompanied by a different beat, played by a brass instead of the usual drum and bugle. This makes up a one-of-a-kind festivity that entices and seduces the crowd to gather and witness one of the most anticipated celebration in the City of Mandaue, the Mantawi Festival.
In April 7, 1521, Magellan first sighted the island of Sugbo in search for food and supplies for his vessels’ voyage back to Spain. Mandaue at that time was called “Mantawi” – derived from a vine that grew abundantly in the coves of the area. This community with abundant vines has even been mentioned by Antonio Pigafetta as a flourishing settlement nearest to Sebu under the leadership of Datu Lambuzzan.
Paskuhan. A Christmas celebration of songs and lantern making held during the month of December spread good cheers to local residents and visitors alike.
Kadaugan sa Mactan. A one day re-enactment – held at the Mactan shrine – celebrated with much pomp and pageantry every 27th of April to commemorate the historic Battle of Mactan between the forces of Lapulapu and Magellan.
Virgin of the Rule Fiesta. Held to honor the patroness of Opon on November 20-21, this religious and social event reveals the deep religious faith of the people and the penchant for merry making. A food fair, a procession and a coronation of the Fiesta Queen highlight the festivity.
Semana Santa sa Bantayan.
A unique mixture of solemn religious rites and local celebration highlights the Holy Week activities in Bantayan Island. The normally quiet island is visited by relatives and friends of the residents, as well as tourists to experience the scenic rites and to cool off the summer heat in the beautiful white sandy beaches and clear tropical waters.
Fiesta sa Carcar. Is celebrated on November 24-25 in honor of the town’s patron, St. Catherine of Alexandria. Carcar town is noted for its old Spanish style houses in the quiet countryside setting. During fiestas, the residents would invite friends, relatives and town visitors into their homes to taste popular local delicacies. A lively and enjoyable event.
Nuestra Señora de Regla Fiesta. Lapu-lapu City – Held to honor the patroness of Opon on November 20-21, this religious and social event reveals faith of the people and the penchant for merry making. A food fair, carnival, procession and a coronation of the Fiesta Queen highlight the festivity.
Tagbo. Poro, Cebu – Celebrated every January in honor of Patron Santo Niño de Poro. Beloved memoir of a living past, Tagbo is the cornerstone from which this great municipality has sprung. Rich in cultural heritage and deep in spiritual values, Tagbo is a very significant event preluding the birth of a town every dear to the hearts of her sons and daughters.
Sanayon. Agro-tourism festival in the southern towns of the second district about 100 km from the city. A month-long activity to spread out tourism to the countryside.
Tres de Abril Celebration. Celebrated every 3rd of April in commemoration of the Spanish resistance in the south. This historic battle under Leon Kilat’s leadership gave Cebu the glory of being the first major island outside Luzon to oppose Spanish dominance.
Siloy Festival. Celebrated every August 26 in the town of Alcoy.
Haladaya Festival. Celebrated during the summer in the town of Daanbatayan (see Datu Daya).
Bakasi-Dinagat Festival. Celebrated in the town of Cordova.

Sabado, Enero 14, 2012

CITYscape 2 Groundbreaking

Rain or shine, July was one of the most celebrated month of Myvan Properties & Development Inc., innovatively affordable, successfully unveils the fourth property project the Cityscape 2 at Juana Osmena, Cebu City.
The groundbreaking ceremony started with a blessing by Rev. Father Daniel Mata, guests welcomed by Mr. Jaylord Ebero, Sales Supervisor of MPDI, brief history of Myvan Properties success for years by Ms. Regina Solero the Operations Manager of MPDI. Introuction of Key Business Managers by Ms. Baby Cabarrubias, HR Manager.

COMING SOON:

MPDI proudly announces the launch of its 4th Condominium project soon, THE CITYSCAPE 2, a fusion of hotel (THE CITYSCAPE HOTEL) and condo residences. After the success of MPDI in its three projects, VERTU RESIDENCES, ATELIER RESIDENCES AND THE CITYSCAPE TOWER ONE, MPDI brings you another medium rise 16-storey-120 unit condo residences and condo-tel. Live, [...]

Biyernes, Enero 13, 2012

North Belton Communities in Q.C. to have its own SM

An SM mall will soon rise within North Belton Communities (NBC), a vast mixed-use township in Quezon City being developed by Belton Communities, Inc. (BCI), a subsidiary of Lucio Tan’s Eton Properties Philippines, Inc. (EPPI) catering to the middle-income segment.

Three hectares in NBC’s 13.8-hectare property located along Quirino Highway, Quezon City have been dedicated as the area where the mall will be constructed.

According to BCI Asst. Vice President and Project Director Jay Atencio, “Our partnership with SM in North Belton Communities is intended to give our homebuyers the best value for their purchased property. Adding to that, of course, is the convenience the mall would provide to the communities within the township.”

North Belton Communities has three exclusive residential enclaves, namely, The Manors, West Wing Residences and West Wing Villas that would eventually be home to 1,600 families.

“Very soon, residents can simply walk to shop, dine, or simply unwind at their neighborhood SM mall,” said Atencio.

The arrangement between NBC and SM marks the second tie-up between EPPI and the SM Group. The first partnership was in 2009, when EPPI and SM’s Super Shopping Market, Inc., sealed an agreement in relation to Eton’s two-level commercial center, Centris Station, in Quezon City, where SM Hypermarket is the anchor tenant.

North Belton Communities’ partnership with SM is true to BCI’s mission of offering Filipino homebuyers security, comfort, and value-for-money in integrated communities that provide everything they need.

Apart from having its own SM, North Belton Communities also boasts of being near favorite Q.C. malls. It is right across SM Hypermarket Novaliches and 10 minutes away from SM City North and Trinoma.
North Belton Communities is readily accessible as well through main thoroughfares such as EDSA, Quirino Highway, Mindanao Avenue, Tandang Sora and the newly opened expressway connecting Mindanao Avenue to North Luzon Expressway (NLEX). Schools such as UP Diliman, Miriam College, Ateneo de Manila University and St. James College are also nearby.

City Loft Updates - November 2011( Ground Digging )

City Loft Mango 
After the success of its remarkable groundbreaking last April 16, Fuente Triangle Realty Development Corporation officially had the ground digging for the upcoming city attraction City Loft Mango, last November 8 . The ground digging formally starts the construction of the 17-storey condominium and finally ends public’s long-wait. 
Found at the prime locale of the city of Cebu, along Gen. Maxilom Avenue, City Loft Mango was organized to build up, improve and promote next generations’ urban lifestyle. City Loft aims to provide quality investments with affordable, convenient and easy payment terms condominium units. It was designed to integrate investor’s way of life, bringing them into a world of pleasure and style. What more can you ask for its advanced facilities and highly equipped amenities with WI-FI ready milieu, high-speed elevators, videocom, and 24-hour security systems. This condominium also has a perfect setting because of its proximity to schools, offices and shopping malls. 
Fuente Realty Development Corporation is a subsidiary of J.King and Sons Company Inc. who holds country’s tallest Crown Regency Hotel and Towers.