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Ortigas & Company adds serviced residences to portfolio

The Cirque in Circulo Verde marks developer’s foray in serviced residences in partnership with HII

29 SEPTEMBER 2017 – Acknowledging the ever-evolving nature of the real estate industry, premier property developer Ortigas & Company launches The Cirque in Circulo Verde, marking its entry in the serviced residences business.
The 55-unit project is Ortigas & Company’s latest venture in partnership with one of the largest operators of serviced residences in the country, Hospitality Innovators, Inc. (HII).

“We want to diversify our product range based on the market demands. We see that many buyers are looking for safe, alternative investments and that there is a growing demand for hotel-like products,” Ortigas & Company Senior Vice President and Chief Operating Officer Thomas F. Mirasol said.

Serviced Residences Program
The Cirque was developed by converting 55 units of Circulo Verde’s Seville and Ibiza residential towers to fit serviced residence operations. The Cirque will be under the Serviced Residences Program (SRP), where unit owners can enjoy hassle-free ownership of a rental property.
SRP allows unit owners to gain a steady flow of rental income while HII takes care of finding a tenant, maintaining the unit, and paying all expenses.

Currently, Ortigas & Company is selling its one-bedroom and two-bedroom units with a price range of P4.9 to P8.5 million, inclusive of the SRP joining fee and furnishing package. Floor sizes vary from 46 to 51 square meters for the one-bedroom unit and loft, while the two-bedroom suite is 67 square meters.

Tailor-made for great staycations
Hospitality Innovators, Inc. Founder and Chief Executive Officer Luis C. Monserrat shared that The Cirque is targeted towards both the corporate and leisure market. Known for their properties’ distinct concepts, HII conceptualized The Cirque to tie in with the overall vision of Circulo Verde and to provide guests with a variety of unique experiences, all of which make for a truly comfortable, well-rounded stay.
The units in The Cirque were designed with the end goal of making guests feel comfortable and inspired. The use of beautiful and distinct materials such as Ecocarat Japanese breathing tiles that absorb humidity and odors, and Daiken’s textile walls that absorb sound, were at the forefront of the design process to enhance the well being of guests. Furniture in the units were custom-made to evoke style, function, and simplicity.

“Aside from the stylish units, business travelers will also appreciate the breadth of amenities that The Cirque has to offer in a private and self-contained environment, with an array of dining, fitness, and lifestyle options. The Cirque is also tailor-made for great staycations. Families and leisure travelers have the chance to make their beloved pets a part of the experience. Unique amenities such as the Hachi Dog Park and pet hotel & spa make all this possible. Bike aficionados will also love The Bike Playground, another unique amenity of the property,” Monserrat said.

A refreshed take on Circulo Verde
Introducing The Cirque in Circulo Verde is a strategic move by Ortigas & Company as it aims to renew interest in the estate. “The Cirque is part of our larger vision to fully realize the potential of Circulo Verde,” Mirasol confirms.

Launched in 2009, Circulo Verde is a 10-hectare masterplanned estate along Calle Industria, straddling the cities of Quezon and Pasig. It currently has four occupied residential towers and one nearing completion. Industria serves as the estate’s retail component, which houses an exciting mix of establishments including concept cafés, restaurants, and a co-working space.

Early this year, Circulo Verde launched The Bike Playground, the country’s first internationally designed bike park. It also recently welcomed parkour and free running facility Ninja Academy in its roster of tenants. Both these new features are building towards Ortigas & Company’s plan for Circulo Verde to become a haven for the fitness community, while adding to the activities that can be enjoyed by The Cirque’s guests.
The Cirque opens its doors on October 6, 2017.

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