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Italpinas Development Corporation

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Company Description
Italpinas Development Corporation (IDC) was incorporated and registered with the Securities and Exchange Commission (SEC) on January 26, 2009 as Italpinas Euroasian Design and Development Corporation. On July 15, 2015, the SEC approved the Company's change in name to the present one. IDC's primary purpose is to engage in the business of real estate development using knowledge in architectural design, market and demographic strategy, project development, and sales.

IDC's debut project called Primavera Residences Tower A&B, which is located in Cagayan de Oro City, is a mixed use residential condominium. Construction of the first tower started in June 2010 and was completed in August 2012 while the second tower which started construction in April 2013 was completed in December 2015.

In December 2012, IDC signed a contract to sell with Investment & Capital Corporation of the Philippines for the acquisition of key property in Pueblo de Oro Business Park, also in Cagayan de Oro City, as the site for the Primavera City, another mixed-use condominium project. The Company has already secured development permits and building permits for the first phase of the project and is currently preparing for the project launch. IDC's upcoming project, the Miramonti project, which is located adjacent to the Manila-batangas expressway, is currently being finalized.

The Company holds a 25% equity stake in Constellation Energy Corporation (CEC), which is engaged in the development of renewable energy facilities to provide clean energy to Philippine grids. Presently, CEC has four projects situated in Mindoro Oriental, Nueva Ecija, and Negros Oriental. The Company has identified target acquisitions located in Sto. Tomas and Lipa in Batangas, Cagayan de Oro in Misamis Oriental, Subic in Zambales, Montelago in Oriental Mindoro, Dumaguete in Negros Oriental and Iloilo City

Source: SEC Form 17-A (2016)
Security Information
Sector Small, Medium & Emerging Board
Subsector Small, Medium & Emerging Board
Corporate Life 50
Incorporation Date 26-JAN-2009
Number of Directors 7
Stockholders' Meeting as per By-Laws March - Last Monday
Fiscal Year 12/31 (Month/Day)
External Auditor BDO Roxas Cruz Tagle and Co.
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address Unit 9A, 9/F Country Space 1 Building, 133 H.V. Dela Costa St., Salcedo Village, Makati City 1200
E-mail Address investors@italpinas.com
Telephone Number (02) 893-0328; (02) 893-0330
Fax Number (02) 893-0337
Website www.italpinas.com