CEBU Landmasters Inc (CLI) has entered into a joint venture agreement with NTT UD Asia Pte. Ltd. (NTTUDA) to develop premium-grade residential towers in Cebu City.
Both companies are now preparing formal notifications to the Philippine Competition Commission (PCC) and intend to secure PCC clearance for the new joint venture company which shall be known as CLI NUD Ventures Inc.
NTTUDA was established as an international developer of commercial properties which include office buildings, residences, and other mixed-use developments in Southeast Asia. (PR)