ABOUT US

ICCP RedPeak (“IRPP”) is a Philippine-based real estate investment group. IRPP seeks to acquire, co-acquire or develop assets through an opportunistic and value-oriented approach.

Property types targeted will include office, retail, residential, industrial and tourism.

IRPP will utilize its extensive network of local relationships to source opportunistic investments to identify assets which can be re-developed or re-positioned or build-to-suit in partnership with developers with strong track record in each segment of the market.

Each senior member of IRPP’s Investment Team has over 25 years of relevant experience in real estate investment and/or financial services, both in the Philippines and abroad.

ICCP Group is a leader in industrial estates and residential developments.

  • Developed industrial estates encompassing 800 hectares in 7 locations across the Philippines.
  • Master planned and developed a 360-hectare residential mixed-use township in Cagayan de Oro.

ICCP Group is comprised of the following companies:

  • ICCP – investment banking and advisory
  • SBI Venture Partners – venture capital fund management
  • Science Park of the Philippines – industrial estate developer
  • Pueblo de Oro – residential and mixed-use estate developer
  • World Trade Center – exposition center

DBS Bank of Singapore, one of the leading financial services companies in Asia, is a shareholder of ICCP

  • Named “Safest Bank in Asia” by Global Finance from 2009 to 2016.

RedPeak Capital Holdings, Inc. is a real estate and private equity advisory and investment firm based in Makati City, Philippines.

Noteworthy transactions include:

  • Structured and invested in a 1,100 hectare joint venture tourism project with one of the largest property developers in the Philippines.
  • Advisor to the largest foreign hotel property owner/developer for securing debt financing for six hotels totaling PhP1.6 billion.
  • Acquired and currently managing a Philippine NPL portfolio with an outstanding principal balance of PhP4 billion.
  • Structured a PhP10 billion joint venture between one of the largest property developers in the Philippines and two foreign investment firms to develop and acquire BPO office properties in the Philippines.
  • Advised on the acquisition of PhP3.5 billion of performing real estate receivables from leading property developers in the Philippines.
  • Structured and traded US$3 billion in asset-backed, mortgage-backed, and commercial mortgage backed securities with leading investment banks in the US.

Key Executives

Eduardo F. Saguil

Senior Managing Director of ICCP RedPeak Property Partners, Inc.

Guillermo D. Luchangco

Founder and Chairman of the ICCP Group

William M. Valtos

Chief Executive Officer (CEO) of ICCP

Renato T. de Guzman

Former Chairman of the Board of Trustees of Government Service Insurance System.

David M. Wall

Former President of GLL Properties and Development & Management, Inc.

OUR COMPETITIVE ADVANTAGE

Partnership

Proprietary deal sourcing through its extensive network and relationships with property developers, brokers, banks, and law firms

Management

Expertise in fund management with proven track record

Construction

Expertise in creative structuring and providing solutions on complex transactions

Local

Expert local knowledge and a deep understanding of Philippine economics and political dynamics

Governance

A strong reputation for corporate governance and compliance, which has led to a conservative approach to risk management

Steps

Rigorous and well-developed investment process

Philippine Real Estate Market

The current Philippine real estate market presents an opportunity to achieve attractive returns.

  • The Philippine economy is expected to continue growing at 6-7% per annum over the next few years. This has led to a bull market in virtually all property types.
  • The office market has continued to boom, driven by take-up by Business Process Outsourcing (BPO) companies and offshore gaming operations.
  • Residential properties are in demand due to increased consumer incomes and low interest rates.
  • Rising household incomes and sustained growth in spending have led to a positive outlook for retail properties.
  • With the projected increase in tourist arrivals, there is a shortage of rooms in the hotel sector.

    - With the new administration, the REIT market will likely to be developed.

    - A dedicated vehicle, managed by third-party professionals exclusive for
      Philippine real estate investments, will have limitless opportunities to thrive.

The current local economic and demographic environment presents an opportunity to establish a vehicle to invest in Philippine real estate.

Deal Types

We actively seek out opportunistic investments with attractive fundamentals in the following property classes:

OFFICE BUILDINGS OFFICE BUILDINGS
RETAIL MALLS RETAIL MALLS
INDUSTRIAL RETAIL MALLS
INDUSTRIAL RETAIL MALLS
INDUSTRIAL RETAIL MALLS
INDUSTRIAL RETAIL MALLS
INDUSTRIAL RETAIL MALLS
INDUSTRIAL RETAIL MALLS

Deal Experience

Industrial Estate Development

Science Park of the Philippines, Inc.

Science Park of the Philippines, Inc. logo


The largest private developer of industrial estates in the Philippines, with an aggregate area of about 800 hectares developed and under development situated in seven major locations across the Philippines

First privately-owned industrial estate to:

  • Secure conversion of its land to industrial status under the government’s Comprehensive Agrarian Reform Program
  • Register with the Board of Investments
  • Build an interchange linking a national expressway with a privately-owned industrial estate
  • Be granted approval to operate as a Special Economic Zone by the Philippine Economic Zone Authority
  • Be certified ISO 9001 Quality Management System, ISO 14001 Environmental Management System and OHSAS Occupational Health and Safety Management
Home to Fortune 500 companies, multinational companies, and other top Filipino export and manufacturing corporations. Among others, the investment grade local and foreign locators include Proctor and Gamble, Pepsico and Sumitomo.



Township and Residential Development

Pueblo de Oro Development Corporation

Pueblo de Oro Development Corporation logo

The township of Pueblo de Oro is a 360-hectare project, the biggest mixed-use facility in Cagayan de Oro. The project was spearheaded by PODC and master-planned by Louis Berger International, Inc. (LBII), a distinguished name in regional and urban planning with projects all over the world

The township includes:

  • Exclusive residential villages for high-end buyers, middle income packages for middle-income families as well as affordable housing units.
  • Pueblo de Oro I.T. Park, the first and only information park in Mindanao that is registered with the Philippines Economic Zone authority (PEZA).
  • 2-hectare modern Business Park ideal for investors and businessmen who want to set up their business in the township.
  • Regatta Square, a 2.7-hectare development available for office, business and commercial use.
  • 18-hole, par-72, all-weather championship golf course designed by Robert Trent Jones II that has been ranked among the top 5 in the country.
  • Commercial area anchored by SM Group, the country’s largest mall developer.
  • Institutional facilities –Xavier University, hotel, church and call centers.

Exhibition Hall Complex

Manila Exposition Complex

Manila Exposition Complex


The owner and developer of the World Trade Center Metro Manila (WTCMM), a member of the World Trade Centers Association (WTCA) of New York, World Trade Center Metro Manila (WTCMM) is the first and, to date, the only exhibition venue in the Philippines recognized by the Union des Foires Internationales or UFI, the global association of the exhibition industry.

The hall was designed by Gensler & Associates, of the U.S.A, architects of the 2nd hall of the Moscone Center in San Francisco, in conjunction with architect W.V Coscolluela, a well-known Filipino architect.

WTCMM has more than 16,500 sqm of gross floor area, consisting of 11,300 sqm of contiguous exhibition space at ground level, a pre-function lobby and a loading bay plus an 8,200 sqm outdoor space.

Its annual occupancy rate averages 65-70%.


Office

Ayala Land


Led Capmark’s three-party JV deal with Ayala Land, the largest property developer in the Philippines, and Goldman Sachs, to develop and acquire call center and business process outsourcing office buildings.

Initial transactions included the acquisition of a 17,034 sqm build-to-suit call center in Makati and the development of a 57,792 sqm business process outsourcing building in Makati.

Target portfolio of USD200 million.


Mixed-use Tourism

Ayala Land


Structured and invested in a tri-party joint venture for a mixed-use tourism project with Ayala Land.

The subject property is a 1,000+ hectare island located in the Visayas. The island contains a 1.3 km airstrip and several kilometers of white sand beaches. Easily accessible by air or sea, with regular flights into the island expected to commence in 2018.

Ayala Land is master planning and developing the island into a mixed-use tourism site, with hotels of varying price points, commercial projects with restaurants, bars and retail shops, and residential subdivision and golf course.

The project required intense negotiations with illegal settlers, Department of Agrarian Reform, and several parties with liens attached to the title, including lenders.


Residential Loans

Avida


Acquired a USD23 million residential real estate loan portfolio from Avida Land (a subsidiary of Ayala Land), one of the largest residential property developers in the Philippines.

Portfolio consisted of over 1,300 accounts, of which 80% were current and 20% were past due.

Loans were backed by low- and middle-income housing units in 19 developments across Metro Manila.

Exit strategy involved bulk sales to banks as loans become bank-qualified with regard to seasoning and borrower equity.


Investment Process

IRPP’s rigorous and disciplined investment process has enabled it to identify ideal property investments with the right partners. This methodology, combined with the ability of the Investment Team to generate exits, has delivered above-market returns.

Deals Generated Deals Generated Deals Generated Deals Generated Deals Generated
  • Source and track deals
  • Initial meetings
  • Review of business plan and financial projections
  • Valuation
  • Evaluate long-term prospects of the investment proposal
  • Management discussion
  • Gather initial feedback from Investment Committee
  • Deal champion is assigned for the due diligence process
  • Conduct through review of financial projections and scenario simulations
  • Form a view on the project’s potential through discussions with local market players
  • Present recommendation to IC for approval
  • Finalize agreements
  • Close the financing process
  • Begin monitoring

Contact Us

If you are a property developer or owner looking for a buyer or partner, or if you’re interested in learning more about how to invest with us, please contact us at:

ICCP RedPeak Property Partners, Inc.
17F, Robinsons Summit Tower
6783 Ayala Avenue
Makati City, Philippines
+632-790-2200
info@iccpredpeak.com