Property


New events center to rise in Aseana City




Posted on October 25, 2012


PROPERTY services firm Colliers International Philippines has lent a hand in the finalization of a lease deal that will enable venue operator Seven Tall Trees Events, Inc. to build a new events center in the emerging Aseana City business district in Parañaque City.

“[Mr.] Sandejas (Eugene C. Sandejas, Seven Tall Trees managing director) and his group have inked a long-term lease agreement with Aseana City that paves the way for the construction of a second Blue Leaf events pavilion. The lease transaction was facilitated by Colliers International Philippines…” Colliers said in a statement last week.

The deal paves the way for the construction of The Blue Leaf Filipinas, which will feature three event pavilions with a combined capacity of 1,000 guests.

It will rise on a 5,800-square-meter lot in Aseana City and will be the second Blue Leaf development following the present Blue Leaf in McKinley Hill, Taguig City.

“The Blue Leaf Filipinas will feature unique Filipino architectural design elements and refreshing garden landscapes that will complement the master plan of Aseana City,” Mr. Sandejas said.

Aseana City, a 204-hectare development along the banks of Manila Bay, is being positioned to be an entertainment and business hub with a master plan that calls for upscale hotels and casinos, an information technology park, as well as retail and commercial centers, according to the development’s Web site.

Aseana City is being developed by D.M. Wenceslao & Associates, Inc., which said earlier that the complex will receive an estimated $3 billion worth of investments from various developers.

D.M. Wenceslao & Associates, a member of R-1 Consortium, Inc. together with Belgium’s Jan de Nul N.V. and Japan’s TOA Corp., reclaimed Aseana City in 1989 in partnership with the Philippine Reclamation Authority (formerly Public Estates Authority).