CLI is a leading property developer in Visayas and Mindanao while NTT UD is part of telecoms giant NTT, which is part owner of PLDT Inc.
The two-tower residential development in Cebu IT Park will be launched by the fourth quarter of 2024. It will introduce over 500 premium dwelling units in its first tower.
“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,” said CLI chair and CEO Jose Soberano III.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
