Cebu Landmasters Inc.
Jose Soberano III, CLI president and CEO,
The listed company said Astra Centre Lifestyle Mall—located on A.S. Fortuna Street in Mandaue City with a gross floor area of 14,000 sqm—is its first lifestyle shopping destination and is targeted to be completed in 2021.
Last year, CLI already turned over 2,655 sqm of floor area, a portion of the retail area in Base Line Center,
The company also offers retail spaces in its residential condominiums that contribute 500 to 1,000
In addition to leasing, CLI also looks at generating more recurring earnings from its ever-expanding hotel portfolio. The
“With the continuous growth of the hospitality industry in VisMin, demand for hotel rooms will definitely rise. Cebu Landmasters is at the forefront in providing what the market needs, especially those that travel a lot, from hotel rooms to serviced residences,” said Soberano.
Citadines Cebu City—CLI’s first of the four hotels to be managed by The Ascott Limited—will be operational this 2019 with 180 hotel room units.
Other hotels to be managed by The Ascott Limited are Citadines Paragon Davao, Citadines Bacolod City and
The linchpin to CLI’s remarkable growth is its successful diversification effort in high-demand real estate sectors. “Cebu Landmasters will continue to diversify its developments from horizontal and vertical residential offerings to mixed-use, hotels, office, and estate projects,” Soberano said.