Cebu Landmasters, Inc. Partners with Leading Japanese Property Firm NTTUD Group

Leading property developer in VisMin Cebu Landmasters Inc. (CLI) announces its first international partnership, signing a joint venture agreement with global Japan-based real estate firm NTT UD Asia Pte. Ltd. (NTTUDA) which is a subsidiary of NTT Urban Development Corporation (NTTUD) to form CLI NUD Ventures, Inc.

NTT Urban Development CEO Hiroshi Tsujigami paid a courtesy visit to CLI Chairman and CEO Jose Soberano III, and they staged a ceremony to commemorate the cooperation at the listed company's headquarters in Park Centrale Tower in Cebu IT Park.

“We are excited about this new venture, especially since this marks CLI’s first joint venture partnership with a well-renowned foreign business group. This is a testament that CLI is meeting international standards - especially Japanese, reflecting our hard work and commitment to the markets we serve,” Soberano said.

“I am pleased to announce the formation of a partnership with CLI, allowing us to participate in our first project in the Philippines. Leveraging the development capabilities cultivated through our domestic and international business activities, along with CLI's extensive track record in property development, to jointly differentiate our products and enhance the selling point, we can provide a better life for the people of the Philippines,” Tsujigami added.
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CLI NUD Ventures, Inc. plans to build a Php 6.4 billion two-tower residential property inspired by Japan in the heart of Cebu IT Park as its first project. Tower 1 is expected to open in Q4 2024, with a little over 500 luxury residential units.

NTTUD is a global real estate corporation headquartered in Japan and a subsidiary of the country's largest telecom operator, NTT. NTTUD established its global business in the United Kingdom in 2009, and it has been actively extending its global company by working on mixed development, office, and residential projects. The relationship with CLI is the company's first in the Philippines.

Meanwhile, since its inception in 2003 with a single subdivision, CLI has grown rapidly, diversifying into offices, hotels and resorts, mixed-use, retail, and townships. CLI has grown into a multibillion-peso public corporation over the last two decades, with over 100 projects in various categories and phases of development across 16 main cities in Visayas and Mindanao.
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According to Colliers International's 2023 real estate market assessment, CLI has reinforced its position as the VisMin market leader. CLI earlier announced that it would shortly expand into Luzon.

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