TPEPI – Mactan Mixed-Use Development – Cebu - Project Profile
"TPEPI – Mactan Mixed-Use Development – Cebu - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Taft Punta Engaño Property Inc. (TPEPI), a joint venture between Ayala Land Inc. (ALI) and Taft Property Venture Development Corp (TPVDC), is planning to undertake the construction of a mixed-use project in Cebu, the Philippines.
The project involves the construction of a mixed-use complex on 14ha area. It will include the construction of commercial area, leisure facility, resorts, residential units, retail stores, restaurants, a swimming pool and parking facility, and the installation of safety and security systems.
On April 29, 2013, ALI has formed a joint venture with the TPVDC for the development of the project.
In September 2013, ALI secured majority stake, rights, obligations and undertakings under the joint venture agreement with the TPVDC and TPEPI.
Planning activities are underway.
The project involves the construction of mixed-use facilities on 14ha of land in Mactan, Cebu, the Philippines.
The US$75 million project includes the following:
1. Construction of residential units
2. Construction of restaurants
3. Construction of retail space
4. Construction of commercial units
5. Construction of leisure facility
6. Construction of resorts
7. Construction of a swimming pool
8. Construction of parking facility
9. Installation of safety and security systems
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