Group unveils new Mactan project-A A +A
Tuesday, February 25, 2014
THE property development arm of the Gaisano Grand Group of Companies introduced its second project in Mactan, boosted by the expansion of the Mactan Cebu International Airport (MCIA).
Grand Land Inc. president Ryan Bernard Go, together with head consultant Jan Eric Menguito and vice president for sales and marketing Tina Pestaño, unveiled last week Amani Grand Resort Residences, a P1.5 billion condominium project in Pusok, Lapu Lapu City.
Go said the resort-themed project is eyed to attract both local and foreign tourists, with Mactan considered as one of the most visited destinations in Cebu.
It was reported late last year that the expansion of MCIA will be at P17.5 billion,
with the amount expected to cover the construction of a terminal building and the airport’s support facilities. Foot traffic is expected to grow when the new terminal is in place, MCIA General Manager Nigel Paul Villarete was quoted in a news report.
Grand Land launched City Homes, a residential housing development in Barangay Basak, Lapu-Lapu City in 2012, its first project in Mactan.
Amani is a low-rise condominium. It is set to begin its construction within the year, with the completion of the first building eyed in 2015. It will have six buildings.
Pestaño said Amani will also incorporate retail spaces, saying that it has always been part of the developer’s goal to add a retail component to its projects.
“We in Grand Land want to offer a complete community to our residents,” Go said.
Grand Land’s other projects outside Mactan include City Homes in Mandaue and Minglanilla and Grand Residences, its flagship project, in Banilad, Cebu City.
As part of its expansion plans this year, Go said Grand Land will be putting another City Homes in Mandaue, named as the City Homes Premiere, in a 3.2-hectare property at the old Cosmos Visayas Bottlers’ plant.
It will also launch a mixed-use development this year that will house a hotel, commercial, residential and office spaces. Go, however, said the name has yet to be decided.
He said the developer is always looking out for areas in Cebu where they can expand.
Published in the Sun.Star Cebu newspaper on February 26, 2014.