Cebu Landmasters to sign JV with YusonComm Investments

MANILA, Philippines - All roads lead to Davao for Cebu-based real estate developer Cebu Landmasters, Inc., which will start working on its very first venture in Davao with three real estate projects starting next year in partnership with the Davao-based YusonComm Investments, Inc.

Cebu Landmasters will sign on Sept. 1, a Memorandum of Agreement (MOA) with YusonComm Investments of the prominent Villa-Abrille clan in Davao City.

The three projects will include a mid-market condo conveniently located at E. Jacinto that will start pre-selling by January 2017, as well as a riverside mixed-use project along  McArthur Highway and a Times Beach lifestyle mixed-use project in Matina.

The E. Jacinto mid-market condo will be a 15-story mid-rise structure with two buildings. It will offer an affordable pricing scheme for the mid-market, with a premium condominium concept similar to Cebu Landmasters’ Mesaverte Residences in Cagayan De Oro, and Midori Residences and Mivesa Garden Residences in Cebu.

Cebu Landmasters Mesaverte Residences in Cagayan De Oro, which is target for completion in 2018, is 85 percent sold. Midori Residences in Cebu is sold out while the Mivesa Garden Residences holds the distinction of being the fastest selling condo in Cebu.

The 1.9 hectare riverside mixed-use project in McArthur Highway will feature BPO offices, a residential condo, serviced residences (condotel), and retail commercial areas. The four hectares Times Beach project in Matina will be a lifestyle mixed-use destination, definitely a new exciting addition to Davao’s lifestyle scene.

The masterplan of the Times Beach and Riverside properties will be designed by globally renowned design consultancy firm CallisonRTKL which has produced some of the world’s most memorable and thriving living and commercial spaces in the past five decades.

Gracing the joint venture signing ceremony between Cebu Landmasters and YusonComm Investments in Davao City on Sept. 1, are CLI chairman and chief executive officer Jose R. Soberano III, CLI senior vice-president and chief operating officer Jose Franco Soberano and YusonComm Investments president and CEO Fred Yuson.