News

Ortigas to spend P400 million for retail component of Circulo Verde
February 19, 2013. Interaksyon

Ortigas launches The Industria
February 19, 2013. Inquirer Business

Ortigas unveils Industria mall
February 19, 2013. Rappler

Ortigas & Co. unveils plans for QC mall
February 19, 2013. Business World Online

Ortigas to build P400-M retail development in QC
February 19, 2013. Business Mirror

Philippines: Great News for Marikina River
September 9, 2012

Firm dredging Marikina River
September 8, 2012

Ortigas eyes P300 million to enhance river flow
August 28, 2012

Ortigas & Co. plans P300-M river wall around Circulo Verde
August 24, 2012

Riversides for a better tomorrow
August 12, 2012

Ortigas marks new Circulo Verde milestone with Seville Residences
August 10, 2012

Circle of Green
May 26, 2012

Ortigas To Spend P500M More To Enhance Circulo Verde Project
April 11, 2012

Ortigas tops-off Majorca Residences at Circulo Verde
September 25, 2011

From opera singer to mermaid to biker chick to rock star–feeling like Lady Gaga
May 27, 2012

Circulo Verde not source of Marikina flooding
May 13, 2011

Energy-saving Ortigas towers also ready for nature’s worst
May 6, 2011

Lleida tower defines outdoor space concept
April 4, 2011

Ortigas opens new townhouse inside Circulo Verde
February 22, 2011

Ortigas & Co evolves into a corporation for possible public listing
February 11, 2011

Seville Residences at Circulo Verde opens showroom
May 24, 2010

8 reasons to invest in Circulo Verde
May 21, 2010

Circulo Verde not source of Marikina flooding

By SARAH HILOMEN-VELASCO
Manila Bulletin ¦ May 13, 2011

MANILA, Philippines — A property developer said Friday that its project along the Marikina River in Bagumbayan, Quezon City is not the culprit for flooding in nearby areas.

In a statement, Ortigas & Co., Limited Partnership, explained that its Circulo Verde project, located along Calle Industria Road, has never reclaimed land, nor has it enlarged its property or encroached on the river. “Ortigas has not built anything beyond the bounds of its property. In fact, the development of the site will improve the flow of the river, thereby helping reduce flooding in upstream areas.”

The statement was issued following the allegations of Marikina City officials that the project encroached the Marikina River resulting to flooding in nearby areas.

The developer revealed that it even has measures to control flood. “We have started to build a riverbank protection wall which is designed to prevent further siltation of the river and improve the flow of the river.”

It also described that the soil deposits that can be observed on the project’s side of the river “are partly a by-product of erosion and a result of dredging and desilting activities conducted by the Metropolitan Manila Development Authority (MMDA) to increase the river’s capacity and improve its flow.”

The developer said that the MMDA temporarily piles up the silt removed from the river at the Circulo Verde property before it is being hauled out. “The soil does not come from the project. Its accumulation around the property is caused by upstream erosion, as well as the desilting operations being conducted by the MMDA.”

Ortigas assured the public that they are conducting a hydrological study to ensure the soundness of the site and structures to protect the site and nearby communities from flooding.