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SFIO signs US$100-M Agreement with Omnicor Industrial Estate & Realty Center to Develop a Resort Condotel in Batangas, Philippines
SFIO signs US$100-M Agreement with Omnicor Industrial Estate & Realty Center to Develop a Resort Condotel in Batangas, Philippines.
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[{"type":"text","content":"\n HAMILTON, New Zealand, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Smokefree Innotec, Inc. (SFIO) signed last October a memorandum of understanding with Omnicor Industrial Estate & Realty Center, Inc. to pursue a joint venture that would see a two-hectare, bay-side property in Batangas, Philippines developed into a US$100 million eco-friendly, tech village. Strategically located in Montemaria, Batangas City, just south of Metro Manila, the planned development will service residents looking for a new kind of work-life balance at the crossroads of breathtaking marine biodiversity, historical religious sites, and a suite of modern amenities fit for a better normal. Asset management company SFIO, recently named one of the \"20 Promising Companies Everyone Should Know in 2021\" by Global Business Leaders Magazine, will be developing the 500-unit tech village as part of a 10-year development plan with Omnicor’s parent company, AbaCore Capital Holdings, Inc. (PSE stock symbol: ABA). This agreement establishes SFIO as the preferred developer of projects across AbaCore Capital Holdings’ over 200-hectares of real estate around Montemaria. As part of SFIO’s investment roadmap into future-oriented industries, this tech village blends residential luxuries with the hyper-connected amenities necessary for modern work. Ground floor office and retail spaces give way to resort-like recreational facilities and residential units, making it an ideal space for high-value firms and professionals to embrace remote work. Just a few miles from the Verde Island Passage, one of the most biologically diverse water ecosystems in the world, the tech village project will embrace eco-friendly development practices, such as solar roofing. An environmental compliance certificate has already been issued over the site, allowing immediate commencement of preliminary survey and design. The project also aims to cater to religious pilgrims looking to visit the Mother of All Asia Tower of Peace, a 316-foot tall statue of the Virgin Mary. Taller than New York’s Statue of Liberty, and nearly three times taller than Rio De Janeiro’s Christ the Redeemer, this is the world’s tallest statue dedicated to the Virgin Mary. Intended for longer-term residents, the tech village will be designed as a timeshare concept, catering not only to worki...