CEBU Landmasters Inc. (CLI) will start three projects in Davao City this year, under a joint venture with Davao-based Yuson Commercial Investment. Both companies signed a memorandum of agreement in September 2016. The three projects are a mid-market condominium on E. Jacinto, a riverside mixed-use project along McArthur Highway, and a beach-inspired project in Matina. The Davao expansion will be part of the P12-billion capital expenditure that the Cebu-based developer estimated for their projects in the Visayas and Mindanao in the next three to five years. “This is Cebu Landmasters’ first venture in Davao and we are very proud that these prime properties have been entrusted to us by the Yuson-Villa Abille family,” said CLI senior vice president and chief operations officer Jose Franco B. Soberano.
February 01, 2017
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