Alturas Group unveils P25B Sustainable Project in Bohol

Bohol gets a boost as a top tourist destination in Central Visayas after being chosen to host a P25B (USD 477 million) sustainable beachside project in Southeast Asia.

At the center of this multi-billion peso project is Panglao Shores, a 50-hectare mixed-use estate anchored on sustainability, community and local culture. Hope Uy, Chief Executive Officer of the Bohol-based Alturas Group of Companies (AGC), led recently the launch of the generational project on Panglao island.

Uy said Panglao Shores was inspired by the success of South Farms, a business concept born at the height of the lockdown caused by the corona virus disease 2019 (Covid-19) pandemic. Instead of retrenching employees, she said they developed South Farms to employ workers idled because of zero tourist arrivals due to Covid-19 restrictions.

South Farms became a sustainability incubator where AGC planted trees, cultivated short-term vegetables and other crops, stored materials such as recycled wood, until it evolved into a project that represented the essence of the inclusive culture and community ethos of Alturas.

“It was an epiphany for us, a real moment of awakening,” Uy said.  “The realization was that here was an opportunity to create a generational product, inspired by Bohol, on a scale that would enable a fully-integrated community to flourish with sustainability at its core.”

A wider vision for the future was developed with the help of London-based sustainability experts from XCO2 and the Singapore-based master planner of hospitality environments SCSY.

The result is a low-density development created for both domestic and international markets, with six hotels and resorts and an international medical facility.  The island is served by the Panglao Bohol International Airport.

At the heart of Panglao Shores is the Town Square Retail Mall & Night Market, a vibrant indoor-outdoor hub for shopping, dining and entertainment with live performance areas, garden walkways and courtyards. Over 1,000 residential units, a convention center and co-working spaces will be available for those who intend to live and work at the Panglao Shores.

International eco-building standards and materials have been incorporated throughout, such as high-performance glass, natural ventilation and solar harvesting, along with smart technologies, electric transport, water treatment and waste reduction. Single-use plastics are not allowed.

To support the local community, local vendors will be encouraged to sell handicrafts while farmers and fishing communities are integrated into Panglao Shores’ supply chain.

Conceived by Panglao Bay Premiere Parks & Resorts Corp. (PBPPRC), a subsidiary of the Alturas Group, the project is located at the southern coast of Panglao, just off the coast of Bohol. It is a flagship project under the Tourism Infrastructure and Enterprise Zone Authority (TIEZA).

Construction of Phase 1 of Panglao Shores is currently underway. The 188-room South Palms Resort  is scheduled to be completed in 2024.

Alturas Group of Companies is a diverse local company that has been operating for the past 50 years and a true leader in the thriving economy of Bohol.

For more information about Panglao Shores, visit https://www.panglaoshores.com

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