Blog Sep 25, 2019
AboitizLand, Cebu Landmasters Announce Project Tie-up
Two of the country’s regional real estate leaders have joined forces to expand their foothold in Cebu.
AboitizLand Inc. and Cebu Landmasters (CLI) recently sealed a partnership to form Aboitiz CLI Cebu Developers Inc.
The joint-venture company’s project is a mid-market multi-tower condominium to be constructed on a 12,405-square meter lot along P. Basubas Street in Mandaue City. The project, which is yet to be named, is scheduled to be launched in 2020.
The AboitizLand - Cebu Landmasters Joint Venture Agreement signing ceremony was held last Sept 20, 2019 at the Aboitiz Corporate Office
“With our roots in Cebu, AboitizLand and Cebu Landmasters understand the Cebuano market well. Our partnership is a first and a milestone for both companies. We have decided to collaborate for the betterment of Cebu contributing to quality housing needs of the community,” says CLI chief executive officer Jose Soberano III.
Erramon Aboitiz, president and CEO of Aboitiz Equity Ventures, says: “As AboitizLand continues its aggressive expansion in Luzon and Metro Manila, we remain grounded in our Cebuano roots. This partnership aligns with our goal to continue to strengthen our presence here with current and future developments.”
As AboitizLand continues its aggressive expansion in Luzon and Metro Manila, we remain grounded in our Cebuano roots. This partnership aligns with our goal to continue to strengthen our presence here with current and future developments.
The alliance of the two firms is evidence of the continually prospering real estate business in Cebu and a combination of both company’s strengths is favorable for Cebu real estate market and industry.
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