Federal Land tops off final tower at Marco Polo Residences Cebu

CEBU, Philippines —  Federal Land Inc., has completed the topping off of Marco Polo Parkplace, the fifth and final residential tower of the Marco Polo Residences Cebu estate, marking the culmination of a nearly two-decade expansion of the company’s hospitality and residential footprint in Cebu. The project, located in Nivel Hills, reflects Cebu’s growing position as a lifestyle and investment hub outside Metro Manila as developers continue to target demand for premium residential communities tied to hospitality brands. Marco Polo Parkplace forms part of the larger Marco Polo Residences Cebu development adjacent to Marco Polo Plaza Cebu, one of the city’s best-known hospitality landmarks. The hotel is approaching its 20th year of operations. Federal Land Inc., a wholly owned subsidiary of GT Capital Holdings Inc., has been expanding its mixed-use and residential portfolio nationwide through projects that integrate hospitality-style amenities and property management services. GT Capital is one of the Philippines’ largest conglomerates, with interests spanning banking, automotive and insurance through investments in Metropolitan Bank & Trust Co., Toyota Motor Philippines Corp. and AXA Philippines. “Marco Polo Parkplace was envisioned as a community where everyday living feels like a world-class stay,” Federal Land Inc. president Jose Mari Banzon said. The development offers panoramic views of Cebu and hotel-inspired amenities, including dedicated property management services and access to privileges from Marco Polo Plaza Cebu. According to Banzon the project signals its strategy of developing communities centered on wellness, hospitality and long-term urban living experiences as demand for upscale residential properties in regional growth centers continues to rise. Read more: PhilStar