Bloomberry Resort Corp has announced that they plan to develop a new integrated resort (IR) in Manila. Specifically in Cavite, the south part of Manila.
However, the project will not begin until the development of Solaire North in Quezon City has finished and the property has commenced commercial operations, due to take place in 2023.
The company also revealed that it has entered into an agreement with a group of landowners to purchase 2,797,768 square meters of land in the Paniman area in Ternate, Cavite.
The average price of the land is around RM 224 per square meter – so it is equivalent to RM 632 million in total. The land will be acquired by a newly incorporated subsidiary, Solaire Entertainment Property Holdings Inc (SEPHI).
Bloomberry, which said SEPHI will buy only titled and cleared land, intends to develop an integrated resort and entertainment complex with a world-class casino, hotel, golf course, commercial, residential and mixed-use development.
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