32 C
Sunday, July 5, 2020
Home Business Build & Design Alveo Land launches biggest project in Laguna

Alveo Land launches biggest project in Laguna


ALVEO Land Corp. aims to take advantage of the ongoing road infrastructure and the booming economy in southern Luzon as it has started building a massive 120-hectare (ha) project in Laguna.

The development, called Broadfield, is the company’s biggest project in the region as it comprised 80 ha for commercial and mixed-use, and 40 ha for residential subdivisions.

Rufino Hermann Gutierrez, Alveo Land chief operating officer, said in a press briefing
Broadfield offers a “progressive location,” where ongoing toll roads will lead into the new district, including the Cavite-Laguna Expressway (Calax) and the Cavite-Tagaytay-Batangas Expressway (CTBEx).

Broadfield is 4 kilometers (km) and 21 km away from Nuvali and Alabang, respectively. Metro Manila’s main business districts Makati and Bonifacio Global City are about an hour’s drive away.

Launched in the market last October 11, Broadfield’s commercial space had already gained traction from investors as it already sold P2.8 billion from the 36.6-ha first phase of the project. A total of P17.7 billion in sales are being eyed for the initial phase, with the average price per square meter at P105,000.

“Our target markets are local investors and local entrepreneurs. They plan to either build their own building and have a commercial space under, or for the investors, sometimes they lease the land to other companies,” Gutierrez noted.

Phase two, he said, would be introduced once Alveo reaches 70 to 80 percent of the targeted sales of the first phase.

With two residential subdivisions in the area — the 22-ha Venido and the 19-ha Aveia — Alveo Land is also set to allot 8 ha for parks and open spaces, for a balanced and community-focused master plan.

It will also have basic intelligent city features such as fiber-to-the-home systems, traffic light controls, CCTV and transport systems.


Japan floods leave some 20 dead, many in nursing homes

TOKYO: Deep floodwaters and the risk of more mudslides that left about 20 people confirmed or presumed dead hampered search and rescue operations on...

QCPD, PDEA nab 4 suspects; seize P27M worth of ‘shabu’

THE Quezon City Police District (QCPD) announced on Saturday the arrest of four persons, who allegedly yielded over P27 million worth of shabu (methamphetamine...

LOOK: A burst of sunshine

Bikers passing along the University of the Philippines in Diliman, Quezon City on July 4, 2020 are treated to a view of sunflowers in...

Eight ranking BoC officials reshuffled

BUREAU of Customs (BoC) Commissioner Rey Leonardo Guerrero has implemented his first major reshuffle for the year to further enhance the bureau's services and collection efforts. In two...

Repatriation of 301 dead OFWs delayed

THE repatriation of the remains of 301 overseas Filipino workers (OFWs) who died in the Kingdom of Saudi Arabia (KSA) has been postponed until next week, pending compliance with the required documentation for their transport, according...


Today's Front Page