Aeon Towers now 70 percent complete

Look up sky-high along the busy JP Laurel Avenue and you will never miss the towering structure  that’s touted as the next tallest building in Mindanao.

Yes, Aeon Towers is already 70 percent complete and had just held its topping off ceremony recently.

More than that, it has sealed a deal with a global investment firm that had bought in bulk 288 units in the 33-level high-rise development to operate apartment units and a hotel.

The recent topping off ceremonies was presided over by the top brass of developer FTC Group of Companies led by president and CEO Ian Y. Cruz, Chairman Francisco T. Cruz, Finance Director Lesley Ann Cruz-Arquiza, Corporate Secretary Alvin Y. Cruz, and Ian Campbell, president of I.A Campbell and Associates Inc.

The building is being eyed to be fully finished by December this year or January next year.

“We are targeting to turn over the units in December this year. Only a few remaining units are on sale,” Cruz, FTC’s CEO and president, said.

GLOBAL INVESTMENT

FTC Group of Companies recently signed a landmark transaction with Altus Hospitality South, Inc, a joint venture hospitality investment company between Altus Capital Corporation and Private Equity capital, via a fund from Singapore.

The investment company is managed by Altus Capital Partners, an affiliate of the World Bank Group’s International Finance Corporation.

The deal involves the bulk purchase by the company of units at Aeon Towers, a new mixed-used residential and commercial tower, which at 33 floors is set to become the tallest skyscraper in Mindanao.  Designed by Syndicated Architects Far East Associates with Ian Campbell and Associates as project and construction manager, Aeon Towers will boast a 144-key  Hotel and 144- Residence serviced apartment (both operated by  Altus Hospitality) coupled with a 197-room high-end residential condominium; over 2,000 sqm of prime retail space, and at over 1,000 sqm, the largest grand ballroom in Davao.

The investment is a sign of confidence by the international investment community in FTC Group of Companies, a Davao-grown firm with diverse business interests.

ABOUT AEON TOWERS

Aeon Towers is a mix-use 33 storey building development of F.T.C Group of Companies with a total project cost of P3.1 Billion. Aeon Towers will also house world-class amenities and it’s strategically located at the Central Business District (CBD) of Davao City.

With a total land area is 4,574 square meters, Aeon Towers will house 473 units parking slots of 300 and commercial spaces will be located in the ground floor to 5th floor. The seventh floor to 10th floor will be allocated for the hotel component while the sky deck is at the 33rd floor.
Campbell said the building boasts of earthquake resistant features.

“After the earthquake last week we inspected the building and not one cracks this is a very safe building. The building has stiffness and flexibility just like a palm tree,” Campbell said.

Tagged the most iconic structure not only in Davao but Mindanao as well Aeon Towers building features fiber optic ready on all units, wifi connections in common areas, four spacious, high speed passenger elevators exclusively for condominium rise; advance fire protection alarm and sprinkler system, provision of complete facilities for every condominium system, green building technology-use of UV protected glass, iconic building with LED lights, 24 hhour CCTV security camera, building management by NYC Properties Management Corp, unit merging will be allowed with a fee and specified layouts for combined units, and floor to ceiling height is at 2.8 meters.

The building will also house amenities that include swimming pool, sky deck, spa, fitness gym, library, and meeting and conference room.