THE Ateneo de Manila University is expanding to the province of Cavite via a deal with GT Capital Holdings Inc. to build a 15-hectare campus in the Riverpark township in General Trias.
Set to be completed by 2023, the development will “bring holistic, world-class Jesuit education closer to learners and families in Cavite and neighboring provinces,” Ateneo said on its website.
It will add to the university’s main campus in Loyola Heights, Quezon City and satellite units along Ortigas Ave. in Pasig City and in Rockwell and Salcedo Village in Makati City.
A memorandum of agreement was signed last Friday by Ateneo President Fr. Roberto Yap and GT Capital Vice Chairman Alfred Ty and President Carmelo Maria Luza Bautista.
Riverpark is a flagship township development of GT Capital property unit Federal Land Inc. and joint venture Federal Land NRE Global Inc.
“The new Ateneo campus in Riverpark allows us to extend our mission and provide more families in Cavite and nearby provinces with access to quality education rooted in our Jesuit tradition,” Ateneo quoted Yap as saying.
“This expansion reaffirms Ateneo’s enduring commitment to be a force for good — forming persons who are not only competent but also compassionate, ready to lead and serve in a rapidly changing world,” he added.
Ty, meanwhile, said: “Ateneo’s presence in Riverpark not only strengthens the educational landscape of Cavite but also uplifts the lives of the communities we serve.”
“Our investment in this campus reflects our long-term commitment to creating sustainable value for generations of Filipinos, anchored on the values of excellence and service.”
GT Capital, in a statement, said the Ateneo campus would add to a growing number of Riverpark developments that include a Uniqlo logistics facility and the upcoming SM City General Trias.
It added that by 2026, Riverpark residents would be gaining direct access to the Open Canal Interchange of the Cavite-Laguna Expressway, which will improve travel time to and from the township.
Federal Land NRE in May said the first tranche of commercial lots in Riverpark had been sold out.
GT Capital shares closed down P4, or 0.72 percent, to P555 apiece on Monday amid a 0.91-percent drop for the benchmark Philippine Stock Exchange index.
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