MAKATI CITY – It’s simply a case of a strong organization partnering with another strong company to deliver exceptional services and a memorable customer experience.
On Wednesday, P.A. Properties-Hankyu One, Inc. (P.A.-Hankyu), a joint venture between Laguna-based property developer P.A. Alvarez Properties & Development Corp. (P.A. Properties) and Japanese real estate giant Hankyu Hanshin Properties Corp. (HHPC), signed an agreement with Colliers International Philippines for the management of Idesia Dasmariñas Phase 1, a PhP1.3B 11-hectare masterplanned community with residential and commercial components.
“The partnership with Colliers International Philippines is an exciting step towards redefining quality living by providing world-class property management services,” shared Atty. Mark Anthony Bayquen, P.A. Properties Cluster Head – Joint Venture, Land Acquisition and Project Documentation. “As a global leader in real estate services, Colliers International Philippines is the perfect choice for this undertaking. They have deep knowledge and expertise in property management which should prove to be extremely valuable for our current and future customers. By leveraging Colliers’ strength, P.A.-Hankyu One remains committed to property success by creating communities where homes are built to the highest standards and families enjoy tasteful amenities designed to create a balanced life for its residents,” Bayquen added.
Idesia Dasmariñas is the flagship project of the joint venture. The 37-hectare Idesia Dasmariñas township is a masterplanned community that will cater to urbanites; startup, growing or middle-income families; and those who seek to upgrade their total community living. Apart from affordable yet attractive dwellings, they will get to live in a property that preserves the original greenery of the site, plus the addition of more trees and flowering plants.
“Idesia Dasmariñas represents the essence of quality living and provides us a glimpse of next generation communities. It is a significant addition to the city of Dasmariñas and Colliers is honored to have been selected as the company’s partner for the property upkeep and village management of Idesia,” shared Engr. Jet Ilaga, Executive Director, Real Estate Management Services of Colliers International Philippines.
On top of managing the relationship between residents and P.A.-Hankyu One, the Colliers team will handle all matters and concerns pertaining to the administration of Idesia Dasmariñas including the adoption of measures and recommendations for its improvement. It will also oversee the efficient functioning of Idesia utilities, maintenance and other areas relevant to the operations of the village.
About P.A. Properties-Hankyu One, Inc.:
P.A. Properties- Hankyu One Inc. is a joint venture between homegrown P.A. Alvarez Properties and Development Corp. (P.A. Properties) and Osaka-based real estate giant Hankyu Realty Co., Ltd. Known for building affordable, quality homes in Laguna, Batangas, Cavite, Bulacan and Metro Manila, P.A. Properties signed the first joint venture agreement (JVA) in June 2017 with Hankyu Realty of Hankyu Hanshin Holdings, Inc., which is known in Japan for developing attractive, picturesque communities along railway lines.
Borne out of the shared mission of providing good housing for the working people in the Philippines, while supporting the nation’s economic growth, P.A. Properties-Hankyu One, Inc. officially broke ground on the P656-million master-planned community project in Dasmariñas, Cavite called Idesia in December 2017. Idesia is the first phase of the second housing development of P.A. Properties in Dasmariñas while it is Hankyu Realty’s third overseas undertaking in Southeast Asia, next to Vietnam and Thailand.
A little over a year after its inception, P.A. Properties-Hankyu One, Inc. signed its second and third joint venture agreements, a P2.9-billion worth of projects spread over five years up until 2023.
About Colliers International
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Since its establishment in 1994, Colliers International Philippines has served various clients which include top IT/BPM companies, real estate developers and multi-national companies.
About P.A. Properties:
Through the years, Laguna-based P.A. Alvarez Properties and Development Corporation (P.A. Properties) has established itself a name in the competitive Philippine real estate industry by enabling the public to have their dream homes at affordable rates and payment schemes.
Having built more than 27,000 housing units in Laguna, Batangas, Bulacan, Cavite, Pampanga, and Metro Manila, the company continues to embark on strategic expansion efforts to further build 20 additional housing communities in the next five years to help ease the more than 6 million housing backlog in the Philippines while contributing to the growth of the economy as well.
About Hankyu Hanshin Properties Corp.:
Founded in Osaka, Japan on February 17, 1947, Hankyu Realty Co., Ltd. of the Hankyu Hanshin Holdings has been known for creating attractive and picturesque developments along the railway lines, adhering to the original philosophy of “Open up a town, build dwellings, and cultivate livelihood.”
On April 1, 2018, Hankyu Hanshin Holdings Group consolidated the Hankyu Realty Co. Ltd. and the real estate business departments of both Hankyu Corporation and Hanshin Electric Railway Co., Ltd. to establish a new company, Hankyu Hanshin Properties Corp. The restructuring aims to integrate real estate business resources and know-how of Hankyu Hanshin Holdings Group to establish a framework using collective strengths in order to promote and accelerate the growth of real estate business to the extent possible.
As a core company which carries out the real estate business of Hankyu Hanshin Holdings Group, Hankyu Hanshin Properties Corp. will contribute to expanding the real estate business not only in Umeda and areas along Hankyu lines in Kansai, but also in Tokyo metropolitan area and foreign countries.
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