Cebu Landmasters, Inc. (CLI), a prominent developer in Visayas and Mindanao, has announced its receipt of clearance from the Philippine Competition Commission (PCC) for a joint venture with NTT UD Asia Pte. Ltd. (NTT), aimed at developing and managing an upscale residential high-rise condominium in Cebu City’s Cebu I.T. Park.
The PCC Certification, dated February 6, 2024, and received by CLI on February 14, 2024, marks a critical regulatory step towards the formation and establishment of CLI NUD Ventures, Inc., the company born from the collaboration between CLI and NTT.
This development underscores CLI’s continuing expansion and NTT’s investment in the Philippine real estate market, particularly in the burgeoning area of Cebu City.
The joint venture is poised to enhance the residential options available in the Cebu I.T. Park, further cementing the park’s reputation as a premier location for both business and lifestyle in the region. – CebuLifestyleChannel.ph