Connect with us

Hi, what are you looking for?


Cebu Landmasters launches P1.2-billion corporate tower

Cebu Landmasters, Inc. (CLI) has launched its P1.2-billion commercial tower Latitude Corporate Center in Cebu Business Park, it said on Thursday.

In a disclosure to the exchange, the listed Visayas-Mindanao property developer said the tower is the first project of BL CBP Ventures, Inc., its joint venture with Borromeo Brothers Estate, Inc.

Latitude Corporate Center aims to attract local and multinational firms as its tenants. This includes banks, technology service providers, real estate, companies from food and retail industries, and IT-BPO firms.

“Our economy is now reopening and we see a future turnover for office spaces, especially from the IT-BPO sectors,” said Jose R. Soberano III, chairman and chief executive officer of CLI.

“As we expand our office footprint, we also foresee our industry players slowly transition business operations back to normalcy in the coming months as we anticipate post-pandemic recovery,” Mr. Soberano said.

The company said it engaged Leechiu Property Consultants as its leasing agent.

Latitude Corporate Center stands 24 floors high. The first two floors will host the retail component of the development. Its eighth to 12th floors, meanwhile, are dedicated to business process outsourcing (BPO) offices and the 14th to 16th floors will be for executive offices.

It will offer 83 units with 35,000 square meters (sq.m.) of gross floor area. It will also lease spaces from 51 sq.m. up to 2,000 sq.m., which is said to be “ideal” for small and medium-sized enterprises as well as large-scale businesses.

The building will also have its own parking area with 247 slots.

Latitude Corporate Center features LED lighting, operable windows for natural ventilation, a rainwater collection system, provision for fresh air via “stub-outs,” and material recovery facility.

It will also have its own plaza with a tree sanctuary, a “live wall” at its main lobbies, 60% glass ration, and 20% vegetated green spaces.

The development has been awarded a four-star accreditation under the Building for Ecologically Responsive Design Excellence (BERDE) rating.

“Its schematic building design follows a unique ‘stacked building blocks’ form to mirror a minimal, elegant and timeless facade,” CLI said. It was designed by Philippine architectural firm AIDEA Philippines, Inc.

Latitude Corporate Center brought the company’s gross leasable area (GLA) to 29,000 sq.m. from 14,000 sq.m. The company also said it has over 47,000 sq.m. of office and retail GLA under construction.

CLI’s long-term strategy is to build up its a GLA to 200,000 sq.m. The property developer said it aims to have its of office, retail, and its hospitality portfolios contribute 10% of its topline in the next three to five years.

CLI shares at the stock exchange declined 2.09% or six centavos on Thursday, closing at P2.81 apiece. — Keren Concepcion G. Valmonte

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



BEIJING – Three Chinese astronauts arrived on Wednesday at China’s space station for the first in-orbit crew rotation in Chinese space history, launching operation of the second inhabited outpost in low-Earth orbit after the NASA-led...


STOCK PHOTO Image by Pexels from Pixabay ALMATY – McDonald’s licensee in Kazakhstan was forced to temporarily close its restaurants this month after cutting ties with Russian companies and running out of supplies, three sources with...


SINGAPORE – Olivia Chiong and her wife feel like the Singapore government has made clear to them and their two children that they don’t belong in the city-state. So this week’s vote...

Editor’s Pick

The UK’s biggest broadband and mobile operators have today met with the government to follow up on commitments agreed in the summer to support...


The International Monetary Fund expects the Philippine economy to expand by 6.5% this year, matching the lower end of the government’s 6.5-7.5% goal. —...


FINANCE SECRETARY Benjamin E. Diokno speaks at the BusinessWorld Economic Forum at the Grand Hyatt Manila, Nov. 29. — PHILIPPINE STAR/ KRIZ JOHN ROSALES...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.