COLLABORATION SEALED: Famtech Properties’ project director Spike Ching (from left) and President Gigi Alcantara, Megawide chair Edgar Saavedra, Profriends Commercial Business group head Richard Tay and Famtech Properties Comptroller Manilyn Culo.
Leading real-estate companies PH1 World Developers (PH1WD) and Profriends recently formalized a development contract/agreement for their joint venture Famtech Properties (Famtech).
Famtech is giving rise to One Lancaster Park (OLP), a new vertical property development inside Lancaster New City in the heart of Imus City, Cavite.
At the contract signing were top executives: PH1WD’s Chairman Edgar Saavedra; President Gigi Alcantara and project director Spike Ching; Profriends Commercial Business Group Head Richard Tay and Famtech Properties Comptroller Manilyn Culo.
Under the development contract, PH1WD will construct and manage OLP’s inaugural Tower 1 and Tower 2 as part of Phase 1, each comprising 191 units.
OLP combines the convenience of metro living and the relaxing vibe of nature. Running through the development is a sprawling 7-hectare leisure field that will feature a family bonding zone, a kids’ playground, a physical activity area, quiet zone, and pocket gardens, with the convenience and security offered by a condominium-style development.
When finished, the entire OLP property will boast nine eight-storey buildings with basement parking. Completing the surroundings will be elevated walkways that will connect pedestrians to various points of interest, a clubhouse, three adult and kiddie swimming pools, plus a basketball court.
“Famtech is looking forward to becoming the first vertical development within Lancaster New City. It’s fitting to launch our unique “Metro Living with Nature” concept in Imus because the province of Cavite is itself a convergence of urban development and natural surroundings,” said Gigi Alcantara, President, Famtech Properties representative.
“OLP will appeal to potential homeowners and scouting to purchase a property as an additional investment that they can earn from, or pass on to their children, explained Richard Tay, Profriends Commercial Business group head.
Mark of Excellence
PH1WD parent company, engineering and infrastructure innovator Megawide, will undertake the construction of OLP, including Towers 1 and 2 which are two L-type residential buildings, roadworks, a sewage-treatment plant, as well as site and amenities development.
“PH1WD will continue to positively disrupt the local property development sector that will manifest in OLP,” the PH1WD president said. “Future homeowners of the property can look forward to experiencing a high-standard of form and functionality that is the trademark of a Megawide-built housing structure.”
One Lancaster Park Tower 1 is expected to be completed by 2026. For more information, visit https://www.onelancasterpark.com.ph or send a message via Facebook @oneLancasterparkofficial. You may also call 09178488246 or visit their showroom located at One Lancaster Park, Advincula Road Lancaster New City, Imus, Cavite.
