About CPVDC

Cebu Property Ventures and Development Corporation (CPVDC) is a public corporation that started as a joint venture company formed in June 1990 by the Cebu Provincial Government and Ayala Land, Inc. The Company was incorporated on August 2, 1990.

CPVDC's real estate operations include land banking or the acquisition of large tracts of prime raw land, which, after a specific holding period will be developed for future sale and property development.

Nature and Scope of Business

CPVDC was registered with the Securities and Exchange Commission on August 2, 1990 and started commercial operations on September 1, 1996. The Company started as a joint venture corporation between the Province of Cebu and Ayala Land, Inc. CPVDC is now 76 percent owned by Cebu Holdings, Inc. (CHI) after a successful tender offering undertaken in 1995.

CPVDC is a publicly-listed company engaged in real property ownership, marketing, management and development. The Company’s operations consist of four types of activities:

• commercial land sales (Asiatown I.T. Park)
• development and leasing of office space (eOffice One, eBloc Tower)
• residential subdivision sales (Garden Ridge Village – sold out)
• rental of retail space (The Walk)

CPVDC is the owner and developer of Asiatown I.T. Park, a 24-hectare prime property complementing CHI's Cebu Business Park. It is ideally located in the former Lahug Airport, now Cebu’s primest area.

Asian i-Office Properties, Inc. (AiO)
In 2007 CPVDC combined efforts and resources with Ayala Land Inc. to create Asian i-Office Properties Inc. The Company’s primary purpose is to engage in real estate development. Later that year, it started construction of its first project, the eBloc Tower at Asiatown I.T. Park. The eBloc Tower is a state-of-the-art midrise office building with a retail provision on the ground floor. Recently completed, the eBloc Tower is now home to leading multi-national firms NCR Cebu Development Center, Inc. and JP Morgan Chase and Co.