Property developer Cebu Landmasters has teamed up with Lyceum of the Philippines University (LPU) to develop the latter’s 17-hectare property in Davao City into a “world-class” university township.
CLI disclosed to the Philippine Stock Exchange yesterday that it would sign a memorandum of agreement with LPU to begin by the fourth quarter of 2018 the development of LPU Town Davao, a mixed-use estimate with academic, residential, commercial, office, hotel and convention components.
Of the total area, 5.2 hectares will be for the Lyceum Davao campus. This area will have an academic resource center, a pool, dormitories, maritime center and a football field.
Under the MOA, CLI will be the project planner and manager of this development. It will also bring its flagship brand Casa Mira Towers to LPU Town Davao to serve as a convenient housing option for LPU students and those seeking to reside in Uptown Davao.
CLI will also build phase 1 of the commercial component of LPU Town.
“Our vision together with Lyceum of the Philippines University is to make LPU Town Davao a premier university township. CLI is truly honored to work with the higher educational institution that has produced esteemed graduates like President Duterte who puts VisMin (Visayas-Mindanao) as a major area of priority for development.” said CLI chair and chief executive officer, Jose Soberano III.
“LPU is happy to partner with Cebu Landmasters. With their track record being the leading VisMin-based real estate developer, we are confident that this project will be what we envisioned it to be. We are proud to pioneer this University Town concept, starting with LPU Davao,” LPU Davao president Peter Laurel said.
Located on Sun City Road, Buhangin, Davao del Sur, the site is less than 10 minutes away from the Davao Airport.
LPU’s Davao campus is the sixth addition to the LPU system which has campuses in Manila, Makati, Cavite, Laguna, and Batangas. The Davao campus will offer College and Senior High School Programs.—DORIS DUMLAO-ABADILLA