INVESTORS remain bullish on business prospects in the region and not just Davao City with Damosa Land Inc. (DLI), the real estate and property development arm of homegrown conglomerate Anflocor Group of Companies, is gearing up for another mixed-use development project, the Anflo City.
The 88-hectare development will soon rise in Panabo City, Davao del Norte. The construction is targeted to start third or fourth quarter this year.
“It is a mixed-used development, the way we envision it, it is kind of a new city center in Panabo, it will have residential, institutional, tourism and commercial components,” DLI vice president Ricardo “Cary” Floirendo Lagdameo said in an interview with Sun.Star Davao.
At present, DLI is still finalizing the final master plan.
“We are targeting latter part of this year, right now we are finalizing the final plan, we will maybe launch the residential component late this year, probably the start of the heavy land development will be next year,” he said.
Lagdameo said that for its institutional component, an extension campus of the University of the Philippines (UP)-Los Baños will be placed.
“For the institutional component we are putting in a school, we already signed an agreement way back in 2014 with the UP Los Banos for them to put up an extension campus there,” he said.
He added that for the tourism component a working farm will be established, a venue where people can go, visit and learn about the dynamics of agriculture, the banana industry in particular. It is eyed as the major attraction of the property.
“We will be putting a working farm because we wanted to give, a lot of importance to the agriculture industry, we wanted to make it an interesting, extensive learning experience for the youth of today,” Lagdameo said.
Meanwhile, DLI formally launched last month, the Anflo Industrial Estate (AIE), another development project in Panabo City.
AIE is designed to be a world-class industrial estate enabling locator’s operations more efficient as they able to save on time and logistics costs.
It will offer a land and ready built factory buildings/warehouses for sale and lease in various sizes to suit locator’s needs.