Cathay Land ex­pands in­dus­trial park port­fo­lio

The Philippine Star - - REAL ESATE -

Af­ter al­most two decades, lead­ing res­i­den­tial and in­dus­trial park de­vel­oper Cathay Land Inc. is launch­ing the se­cond phase of its first in­dus­trial park pro­ject in the south.

“The pre­vail­ing busi­ness en­vi­ron­ment and the con­tin­ued growth in the lo­cal man­u­fac­tur­ing industry en­tail that new busi­ness parks must be de­vel­oped to help this cru­cial com­po­nent of the econ­omy foster in the years ahead. Our Cavite Light In­dus­trial Park cer­tainly ad­dresses this need,” said Cathay Land pres­i­dent Jeffrey Ng.

The new phase, at 20 hectares, ex­pands Cavite Light In­dus­trial Park or CLIP into 70 hectares. Strate­gi­cally lo­cated along Maguyam Road in Silang, Cavite, CLIP has at­tracted play­ers in the phar­ma­ceu­ti­cal, pack­ag­ing, tech­nol­ogy, truck­ing, glass and alu­minum in­dus­tries, among oth­ers.

The site gives in­dus­trial lo­ca­tors easy and quick ac­cess to the up­com­ing Cavite-La­guna Ex­press­way (CALAX) and CaviteTa­gay­tay-Batan­gas Ex­press­way (CTBEX) and the cur­rent road net­works of South Lu­zon Ex­press­way (SLEX) via Car­mona Exit, Cavite Ex­press­way (Cavi­tex) and Aguinaldo High­way.

CLIP Phase 2 of­fers lot sizes start­ing at 1,600 sqm up to about 2,600 sqm to lo­ca­tors. Only 28 lots are avail­able across the 20-hectare por­tion, so cor­po­rate lo­ca­tors will reap the ben­e­fits of the pro­ject’s wide in­ter­nal road net­work, tight se­cu­rity, am­ple wa­ter sup­ply, abun­dant elec­tric­ity and telecom­mu­ni­ca­tions fa­cil­i­ties.

With a start­ing price of about P9,300 per sqm, CLIP gives lo­ca­tors a strong propo­si­tion, as the lot price av­er­ages at about P16 mil­lion only.

Mean­while, the si­mul­ta­ne­ous launch of Phase 2 of CLIP’s ad­ja­cent mid-cost res­i­den­tial sub­di­vi­sion, Mal­lorca Vil­las, en­tails the re­brand­ing of the whole in­dus­trial-com­mer­cial­res­i­den­tial com­plex into Mal­lorca City.

“The com­mer­cial and res­i­den­tial com­po­nents of Mal­lorca City cer­tainly give an im­pe­tus for com­pa­nies to lo­cate in CLIP since it will also ad­dress their ex­ec­u­tives’ and em­ploy­ees’ hous­ing re­quire­ments. Over­all, the in­te­gra­tion of CLIP into Mal­lorca City prom­ises a bet­ter qual­ity of life to lo­ca­tors and def­i­nitely worth the in­vest­ment. And of course, the pre­vail­ing cool weather year-round due to the site’s prox­im­ity to Ta­gay­tay City is a big bonus for busi­ness,” Ng added.

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