Cebu Property Ventures & Development Corporation (CPVDC) is a leading full-line property developer with headquarters at Cebu Business Park, Cebu City. The company is engaged in real estate development, sale of residential condominium units, and lease of commercial office and retail spaces.


Our Business

CPVDC is a leading full-line property developer with headquarters at Cebu Business Park, Cebu City. The company is engaged in real estate development, sale of residential condominium units, and lease of commercial office and retail spaces.

For 26 years, our business has allowed us to transform 27 hectares of land into an integrated, masterplanned and mixed-use eco- zone, launch 1,045 condominium spaces, and lease 6,274 square meters of retail and 76,840 square meters of office spaces.

Estate Development and Management

  • Cebu I.T. Park
  • Gatewalk Central


Office Space Leasing

  • eBloc Towers 1, 2, 3, and 4


Retail Space Leasing

  • The Walk
  • eBloc Towers Retail
  • Garden Bloc


Residential Condo Sales

  • Avida Towers Cebu 1 & 2

Company History

Against the backdrop of an encouraging economic trend that placed Cebu’s growth rate faster than that of the country’s in 1988 – 1989, the Cebu Provincial Government made it a mandate to fund infrastructure projects from proceeds of the disposition of its patrimonial properties. It was a strategy that actualized a long desired plan of a local government to weld a working partnership with the business sector.

In 1990, the company formed a Subsidiary corporation under a joint partnership with Ayala Land, Inc. with a P1.0 billion authorized capital stock and conducted the flotation of Cebu Equity Bond Units (CEBUs) for the Province of Cebu; and, the Secondary Share Sale Program via a public offering through the local stock exchanges.

When CPVDC started as a joint venture, its ownership profile showed a 74.8 percent- 25.2 percent partnership between the Province of Cebu and Ayala Land, Inc.

The Province of Cebu contributed patrimonial properties as its equity contribution (comprising its 74.8 percent ownership share.), including the 23-hectare site of what was formerly Lahug Airport.

For its part of the equity participation in CPVDC, Ayala Land, Inc, initially contributed P63 Million as the initial 25 percent paid-up subscription for its 250 million shares, with the understanding that the full payment would be called by the Board when the properties offered by the Province would be free and clear of occupants, and thus ready for development.

CPVDC is engaged in real estate development in Cebu and has entered into a general contract with Ayala Land, Inc. to manage its day-to-day operations.


Ownership Structure


Mission and Vision Statement

We shall be the trailblazing real estate developer with products designed to meet the changing demands of our customers, specifically the information technology market. Through an agile team of highly-competent and customer-oriented professionals, we will create quality living and working spaces with sustainability at the core of our design and operations.

CPVDC will add value not only for its shareholders, but also for the communities where it operates.

Core Values

  • Focus on Customer
  • Bias for Results
  • Entrepreneurial Drive
  • Teamwork
  • Concern for People
  • Empowerment of People
  • Pursuit of Excellence
  • Love of God
  • Responsibility to the Community
  • Enhancement of Quality of Life

Group Corporate Structure

Click image to enlarge

Membership in Associations


  • Ayala Business Club Cebu, Inc.
  • Cebu Business Park and Neighboring Barangays Altruistic Alliance, Inc.
  • Cebu Chamber of Commerce and Industry
  • Chamber of Real Estate and Builders’ Association, Inc.
  • Geoplan Cebu Foundation, Inc.
  • Philippine Quality and Productivity Movement – Visayas
  • Philippine Chamber of Commerce and Industry
  • Technical Infrastructure Committee of Metro Cebu


  • Cebu Uniting for Sustainable Water Foundation


  • Cebu Educational Development Foundation for Information Technology

2016 Awards and Recognition

Urban Land Institute (ULI) Philippines Healthy Places Awards 2016

The Garden Bloc at Cebu I.T. Park was recently chosen as one of the finalists in the mixeduse development category of the Urban Land Institute (ULI) Philippines Healthy Places Awards 2016. ULI is a global nonprofit organization that seeks to promote the responsible use of land and to create thriving communities. The special awards given for the first time in the Philippines recognize outstanding and innovative projects that promote healthy living through exceptional design strategies.


2016 Philippine Stock Exchange (PSE) Bell Awards

Cebu Property Ventures and Development Corporation (CPVDC) was awarded as among the top five companies in the Philippines with the best practices in corporate governance in the 2016 Philippine Stock Exchange (PSE) Bell Awards. CPVDC is the only Cebu-based company among the top companies recognized for exemplifying excellence in corporate governance out of the 300 publicly listed companies at the PSE and out of the more than 1,000 companies registered with the Securities and Exchange Commission (SEC).

Joint Message from the Chairman and the President

Dear fellow stockholders,

As we evolve and innovate as a company, we transcend boundaries, pushing growth and development in the areas where we operate.

Being a pioneer in the information technology industry in the Visayas and Mindanao was not an easy task. We had to change perspectives—even our own business model—and take calculated risks to take advantage of what we saw as the next big thing for Cebu.

Today, Cebu Property Ventures and Development Corporation has helped put Cebu on the map as the 7th top outsourcing destination globally, as ranked by investment advisory firm, Tholons.

Our foresight has put us in a prime spot to take advantage of what is now one of the main economic drivers of Cebu. This has translated into a steady stream of income for your company, while opening up new opportunities to further grow the business.

The year 2016 was a year of continued growth for CPVDC, as we strengthened our organization and worked on expanding and diversifying our portfolio.

We ended the year with P695.0 million in revenues and P213.6 million in net income, owing mostly to lease income from our office buildings.

Through our subsidiary, Asian i-Office Properties, Inc., we completed the construction on the fourth eBloc Tower, which brings our office leasing portfolio to 76,840 square meters. We have two more office towers in the pipeline within the next two years, which will almost double our current portfolio.

Construction is in full swing with our central superblock at flagship project, Cebu I.T. Park, which we launched in 2015. A partnership with parent company, Cebu Holdings, Inc. and Ayala Land, Central Bloc is a stacked 2.2-hectare development which will have an Ayala mall, a hotel, and two BPO buildings.

This development will significantly increase our retail leasing portfolio with a 500-store regional mall. This will also further diversify our business with the opening of a 214-room Seda hotel, the first hotel within the IT Park.

The Central Bloc development maximizes land values of prime property we have at Cebu I.T. Park—today one of Cebu City’s most preferred investment locations. Once completed, this will serve as a convenient convergence area for the growing community at the IT Park, while also promoting pedestrianization within the estate.

Another innovation, which has become one of the city’s favorite new dining destinations, is the Garden Bloc at Cebu IT Park. We transformed what used to be a passive green space into a vibrant park and outdoor dining destination for Cebuanos and tourists. More importantly, it has opened opportunities for startup local entrepreneurs to bring their products to a wider market.

Despite being in operation for less than a year, the Garden Bloc was recognized as a finalist in the mixed-use development category of the Urban Land Institute (ULI) Philippines Healthy Places Awards in 2016. The Garden Bloc has displayed how the community appreciates proximity to natural spaces, especially when complemented by a variety of interesting and interactive components.

We also expanded to new locations with Gatewalk Central—a partnership with CHI, Ayala Land and AboitizLand, Inc.—launched in June of 2016. This 17.5-hectare development in Subangdaku, Mandaue City is envisioned to be a new dynamic city center with retail, office and residential components. The project is also currently under construction with the mall set to be completed within the next two years.

As we grow our business, we also innovate to ensure that our developments not only remain relevant to the market, but to the changing physical environment as well.

We continue to fine-tune our systems to increase operational efficiency. These innovations will also have an impact in our bottom line in the long run. Parallel to this, we have also strengthened site resilience within our development to protect properties, and, more importantly, the growing community. We improved our disaster readiness with periodic drills, as well as the introduction of natural control barriers that reduce run off and prevent soil erosion at our estate.

We pride ourselves with being the trailblazing developer in the Visayas and Mindanao. As we continue to innovate our businesses and adapt to uncertain times, we hope to be able to influence the communities where we operate, helping create an even brighter future for Cebu.

One of our greatest achievements as a company for the year was to be recognized as one of the companies in the Philippines with the best corporate governance during the Philippine Stock Exchange Bell Awards. CPVDC, the only Cebu-based company among the winners, stood tall as one of the country’s leaders in accountability and transparency.

It is with this brand of excellence that we move forward with growing our business.

In the next five years, we shall significantly grow our office portfolio and diversify our business lines to take advantage of market demand, while at the same time, managing our risks.

With the Cebu I.T. Park almost at full development, we also continue to look for opportunities to grow our landbank and expand to new locations in Cebu.

As the organization gears up for yet another challenging but exciting year, we thank our employees for their continued dedication to innovation and excellence.

We also thank our fellow members of the board for their guidance through a milestone year, and our shareholders for your trust in the organization and the plans we have set out for the company.

With your support we can continue to transcend boundaries to help push Cebu’s growth in the coming years.