Emmanuel Victor Estrella, senior vice president of Paramount Property Ventures Inc (PPPVI), the real estate arm of Canedo Equity Ventures Inc. (CEV), is among the company’s officials (center) who discussed their tieup with the Norkis Group of Companies for their Compostela projects in a press briefing on Monday.
CDN PHOTO/JUNJIE MENDOZA
CEV-Norkis tieup
A residential development and a memorial park project worth P1.4 billion is expected to bring more economic progress to Compostela town, a third class municipality 31.6 kilometers from Cebu City.
This developed after a Minglanilla-based conglomerate, Cañedo Equity Ventures Inc. (CEV), and the Mandaue-based Norkis Group of Companies (Norkis) have partnered to develop the 10.6-hectare lot in Barangay Cogon, Compostela town, into a residential community.
CEV is also developing another 6.7-hectare lot in the same barangay into a memorial park.
Both projects are expected to be launched next year and will be completed in phases. Phases one and two of the project are scheduled to be completed in 2019 while the third phase will be done in 2020.
Abelardo Cañedo Jr., president of Paramount Business Center of Philippine Paramount Property Ventures Inc. (PPPVI) said they had chosen Compostela as the place to invest P1.2 billion worth of projects in partnership with Norkis. Read more ›››
