Friday, 30 July 2010

Bloombury starts $1-b leisure hub

by Jeremiah F. de Guzman
Manila Standard
http://www.manilastandardtoday.com/insideBusiness.htm?f=2010/july/29/business2.isx&d=2010/july/29

Bloombury Investments Holdings Inc. has started work on a $1-billion leisure hub in Entertainment City in Pasay City.

Bloombury broke ground to start the construction of an integrated resort complex on an 8.3-hectare property at the Bagong Nayong Pilipino-Entertainment City Manila. The Philippine Economic Zone Authority declared the area a special economic zone.

The company is the first among the four developers to start the construction in the Entertainment City.

Bloombury said the investment in the complex is estimated to initially reach $577 million and as much as $1 billion over the long-term period.

The integrated resort complex, named the Solaire Manila Project, will include a five-star, 500-room hotel covering some 165,000 square meters of floor area.

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