Cebu City—(PHStocks)—Cebu Landmasters Inc. (PSE: CLI) had its ground-breaking ceremony last Friday, June 9, 2017 for Latitude Corporate Center, a 24-storey modern office tower located at Cebu Business Park which caters to BPO tenants, enterprise and executive tenants.
Additionally, plans include a commercial area to be located on its ground floor for restaurants and food outlets.
The project is a joint venture partnership with Borromeo Bros. Estate (CLI to own 50%). The corporate center will have 35,000 square meters of gross floor area with 22 percent up for ownership and the rest for lease.
Since the launch last November 2016, the project already sold 83% of its inventory. Latitude is expected to be completed on the fourth quarter of 2019.