{"id":132090,"date":"2017-11-17T22:51:32","date_gmt":"2017-11-18T03:51:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=132090"},"modified":"2025-01-17T02:13:36","modified_gmt":"2025-01-17T07:13:36","slug":"cli-inks-p4-b-deal-for-davao-mixed-use-project","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/17\/cli-inks-p4-b-deal-for-davao-mixed-use-project\/","title":{"rendered":"CLI inks P4-B deal for Davao mixed-use project"},"content":{"rendered":"
\"FILE:<\/a>
FILE: \u201cEconomic opportunities in Davao, the strong and deep roots of our partners in this city and our expertise in project development ensure a high success rate for this project,\u201d CLI president and chief executive officer Jose Soberano III told the local bourse. (Photo: cebulandmasters.com<\/a>)<\/figcaption><\/figure>\n

MANILA \u2014 Listed homegrown property developer, Cebu Landmasters Inc. (CLI), has signed a joint venture agreement with two firms to build a PHP4-billion mixed-use project in Davao City.<\/p>\n

CLI is set to expand its footprint in Mindanao with the signing of a deal with Yuson Strategic Holdings Inc. and Davao Filandia Realty Corporation. The joint venture firm has been named YHES (Yuson Huang Excellence Soberano) Inc.<\/p>\n

Its new project in Davao City is a mixed-use development that will include an internationally-branded hotel, convention facilities, four residential towers and a boutique retail podium.<\/p>\n

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<\/p>\n

This is the latest addition to CLI\u2019s growing mixed-use portfolio which also includes the Base Line Center in Cebu, 38 Park Avenue in Cebu IT Park, and Astra Centre in Mandaue City.<\/p>\n

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<\/p>\n

\u201cEconomic opportunities in Davao, the strong and deep roots of our partners in this city and our expertise in project development ensure a high success rate for this project,\u201d CLI president and chief executive officer Jose Soberano III told the local bourse.<\/p>\n

Phase 1 of the mixed-use development will be anchored by a 250-room hotel and serviced residence, named Citadines Riverside Davao.<\/p>\n

YHES Inc. entered last week into a technical advisory and service management agreement with Ascott Limited, the world\u2019s largest service residence operator, for the hotel and serviced residence project.<\/p>\n

The first phase will also feature the first of four residential condo towers, boutique retail and convention facilities. Phase 1 is expected to be operational by 2021.<\/p>\n

\u201cWe are very happy to partner with CLI in its second Citadines and TheAscott Limited\u2019s first in Davao,\u201d said Arthur Gindap, TheAscott Limited\u2019s Regional General Manager for Philippines and Thailand.<\/p>\n

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(PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 Listed homegrown property developer, Cebu Landmasters Inc. (CLI), has signed a joint venture agreement with two firms to …<\/p>\n","protected":false},"author":33,"featured_media":132120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[33847,33848],"class_list":["post-132090","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cebu-landmasters-inc-cli","tag-davao-mixed-use-project","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency","mauthors-cli-president-and-chief-executive-officer-jose-soberano-iii"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=132090"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132090\/revisions"}],"predecessor-version":[{"id":284793,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132090\/revisions\/284793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/132120"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=132090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=132090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=132090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}