Phase 1 of the project will involve the development of the office, retail, and hotel components with an estimated combined 220,000 square meters of gross floor area (GFA), which is targeted to be completed in the next three to four years. An estimated P12 billion will be allocated for this phase.
Vertis North is a joint venture between the Company and National Housing Authority (NHA). The development is seen to benefit NHA in achieving its mandate of providing housing for informal settlers and transforming a non-performing asset into a model for urban renewal and will also generate close to 200,000 jobs during its entire development phase - 35,000 of which is expected to be filled during the development stage of Phase 1.
- https://www.affordablecebu.com/
