CEBU Landmasters Inc. (CLI) will expand its footprint in Mindanao by signing a joint venture agreement with four Davao-based companies to develop Davao Matina Business Park in a 17.1-hectare lot in Matina, Davao City.

CLI chairman and chief executive officer Jose Soberano III led the signing of the agreement on Monday in Davao City with Plaza De Luisa Development represented by Jason P. Huang, Yuson Newtown Corp. and Yuson Strategic Holdings Inc. represented by Frederick H. Yuson, and Davao Primeland Properties Corp. represented by Frederick H. Yuson.

CLI is also acquiring a 2.2-hectare lot adjacent to the property, bringing the total project area to almost 20 hectares. The Cebu-based developer is likewise in the process of negotiating acquisition of more adjacent lots to increase the park’s footprint. (PR)