News and Events

CLIMBS eyes real estate venture

If plan pushes through, CLIMBS will be embarking into another ambitioous program. This time, in the field of real estate.

CLIMBS President and CEO Fermin L. Gonzales told the CLIMBS Journal that he will propose to the general assembly the construction of three eight-floor condo units in Barangay Bulua, Cagayan de Oro City.

Gonzales said CLIMBS had earlier purchased a 1,798 square meter lot adjacent to its present in Barangay Bulua for Php2.7 million. He said initial estimate indicated that the project would cost around Php 200 million.

Gonzales said real estate and building construction is now the "sunshine" industry in Cagayan de Oro. He expressed confidence that it will see a lot of construction works in the different parts of the city right now," he emphasized.

To implement the project, Gonzales said CLIMBS will tap at least 20 CLIMBS affiliate coops to fund the project. As in other projects in the past, he is optimistic that CLIMBS will be able to get the needed support "from our partner coops."

Gonzales said the project will be presented to the General Assembly on April 27, 2013 in Cebu City.

Meanwhile, Gonzales said CLIMBS is now planning to put up a training hall on its commercial building in Tiano-Pacana, that can accommodate 50 to 60 persons. The seat capacity of the present CLIMBS Training Center, which is housed by CLIMBS Main Building in Barangay Bulua, Cagayan de Oro City is only around 30.

Gonzales noted that attendance to trainings conducted in CLIMBS Training Center in Bulua, is rapidly increasing, thus the need to have a bigger space.

He also said that office spaces for rent in CLIMBS Commercial building is Tiano-Pacana are now available.

Picture above is the perspective of the proposed CLIMBS Condominium in Barangay Bulua, Cagayan de Oro City with the nearing completion CLIMBS commercial building in Tiano-Pacana.

Source: The CLIMBS Journal
Issue: Vol.1 No.22 / January - March 2013
Posted: June 2013

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