Economy

Damosa Land accelerates projects in Davao Region

DAVAO CITY — Damosa Land, Inc. (DLI) is accelerating its projects in the Davao Region and the rest of Mindanao this year.

“Basically, we have ongoing projects in Samal, several in Panabo City, and Davao City. A lot of these projects are slightly delayed due to the pandemic but now we are very confident, we are moving forward, and we are launching them simultaneously while completing the other projects. Medyo busy ang new year natin,” said DLI President Ricardo F. Lagdameo said in an interview.

Mr. Lagdameo said DLI is looking to launch a new subdivision project in Catalunan Grande, Davao City by the second or third quarter of this year.

“We’ve been planning this for a year now. We are positioning this (project) to be a bit more upscale with bigger and fewer lots,” he said.

DLI is currently developing Bridgeport, which features low-density condominium buildings, premium open lots, a condotel, commercial and dining areas, and an exclusive marina.

Completion of Ameria, a premier subdivision within Agriya — an agri-tourism site in Panabo City, Davao del Norte, is also underway.

Mr. Lagdameo said DLI is also expanding its partnership with IWG, the leading flexible workspace provider with brands such as Regus and Spaces. There are two Regus business centers in Davao City, and DLI plans to begin operating one in Cagayan de Oro in June.

“We are eyeing to open Regus centers across Mindanao not just in Cagayan de Oro. We will have General Santos eventually and other cities as well,” he said.

Meanwhile, Mr. Lagdameo said that DLI is looking to achieve 100% occupancy for the 16-storey Damosa Diamond Tower by first quarter. Locators include three brand new BPO companies, Anflo Management and Investment Corp., and DLI. — Maya M. Padillo

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, 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 © 2021 TheProficientInvestor. All Rights Reserved.

To Top