*on buyback* Cebu Landmasters Inc.
...ayus yan

Cebu Landmasters targets 42% profit rise in 2018

CEBU Landmasters, Inc. (CLI) is aiming to grow earnings by as much as 42% in 2018, to be driven by robust sales and the completion of ongoing projects in the Visayas and Mindanao region.

The Cebu-based real estate developer set a net income target of P1.7 billion next year, against the P1.2 billion profit it expects to book by end-2017. For 2018, revenues are seen to grow by 67% to P2.77 billion, with real estate sales accounting for 99%.

“It’s robust sales performance of the company, completion of ongoing projects, and we are about to start construction of our newer launches as well… These are all realizable. We need to construct as we plan. The sales are there,” CLI Chief Operating Officer Jose Franco B. Soberano said during an analysts’ briefing in Makati City on Tuesday.

Mr. Soberano said CLI is taking advantage of the strong market in the Visayas and Mindanao region, noting the company currently has 46 developments in seven key cities.

“There’s no saturation to speak of. It’s us taking advantage of our roots and deep connections in this period,” he added.

The company is also banking on strong sales of projects to be launched in 2018. CLI has 20 new projects to be rolled out next year, increasing its project portfolio to 66 from 46.

Mr. Soberano said the project pipeline includes the development of a business hub in Davao City, where a 22-hectare golf course will be transformed into the city’s first central business district.

Currently, CLI has a total of 17,187 units spread out across 46 developments in various stages of construction, valued at P44.76 billion. Of this, 45% are residential condominiums, 22% are residential subdivisions, 22% are office or retail projects, and the remaining 11% are in the hospitality sector.

To support its 2018 targets, CLI will be registering P10 billion in retail bonds under the Securities and Exchange Commission’s shelf registration program. CLI plans to issue the first tranche of the bond offering worth P3 billion by April 2018.

The following tranches, split between P2 billion and P5 billion, will be issued depending on the timing of CLI’s project requirements in the next three years.

This will be CLI’s maiden bond issue following its initial public offering (IPO) last June, where it raised around P2 billion to finance projects.

“Doing the bond will help us conserve our ability to loan from the bank, because now financing would come from the retail investment market… We feel that doing the bond, fresh from the IPO, will not be as challenging because we just came from the market. The recall is still there in the financial market,” CLI Chief Finance Officer Stephen A. Tan told reporters after the briefing.

These bonds will most likely have a tenor of five to 10 years, Mr. Tan said.

Proceeds of the bonds will be used to partially finance the projects lined up for 2018.

For the first nine months of 2017, CLI booked a net income of P960 million, 77% higher than the same period last year. This follows a 67% surge in revenues to P2.77 billion for the period.

The company is aiming to hit a net income of P3 billion by 2020, on the back of P10 billion in revenues for the period.

source: http://bworldonline.com/cebu-landmasters...rise-2018/

...panay ang labas ng press release ah

Cebu Landmasters taps Ascott for 3rd serviced residence project

CEBU LANDMASTERS, Inc. (CLI) is boosting its presence in the hospitality sector with the development of its third project in partnership with international serviced residences operator The Ascott Limited.

The Cebu-based property developer said on Wednesday it inked its third serviced residence management agreement with Ascott for “lyf Cebu City.” The 153-room serviced residence is under “lyf,” Ascott’s brand that targets millennial travelers.

“The growth potential offered by tourism is very promising and we are happy to be teaming up for the third time with The Ascott Limited in this project set to introduce new industry benchmarks,” CLI Chairman and CEO Jose R. Soberano III was quoted as saying in a statement.

Lyf Cebu City will be the third tower in CLI’s Base Line Center. It will offer rooms sized 16 to 60 square meters, and have communal spaces and co-working areas, which CLI said would fit the needs of technopreneurs, those working in start-ups, and people from the media and fashion industry.

Prior to lyf Cebu City, CLI has already partnered with Ascott for two developments under the Citadines brand. The company targets to complete the 180-room Citadines Cebu City by 2018, while Citadines Riverside Davao offering 250 rooms is slated for completion in 2021.

“The Ascott Limited partners with Cebu Landmasters for its credibility. They have a deep understanding and knowledge of the real estate industry and a strong foothold in the Visayas and Mindanao. Partnering with CLI strengthens our brand,” Ascott General Manager Arthur G. Gindap said in a statement.

Mr. Soberano, meanwhile, noted the company is ramping up development in the hospitality sector to take advantage of the growing number of tourists in the Visayas and Mindanao regions. CLI cited a study by the Department of Tourism stating that Cebu-Mactan will have a room gap of 14,931 by 2022.

CLI said the completion of the Mactan Cebu International Airport will further increase tourist arrivals in Cebu, which already saw a 25% increase in tourist arrivals in 2016 to 4.17 million visitors.

“Our hotel properties will maximize opportunities offered by the country’s growing tourism momentum while ensuring the full development of our mixed-use projects in strategic VisMin areas,” Mr. Soberano said. 

This new development will help support CLI’s growth plans in the future. In 2018, the company has already projected a net income of P1.7 billion, 42% higher than its P1.2-billion income target for 2017.

In the nine months ending September, CLI managed to grow earnings by 77% to P959 million, riding on the robust sales of residential properties.

source: http://bworldonline.com/cebu-landmasters...e-project/

(12-07-2017, 08:53 AM)Ollie Wrote: ...panay ang labas ng press release ah

source: http://bworldonline.com/cebu-landmasters...e-project/

darating din oras nito comm...Big Grin
...press release pa more Tongue

Cebu Landmasters to develop Davao CBD

CEBU LANDMASTERS, Inc. (CLI) will be developing the first central business district (CBD) in Davao City along with four Davao-based firms, it disclosed on Tuesday. 

The Cebu-based property developer said it signed a joint venture agreement with Plaza De Luisa Development, Yuson Newtown Corp., Yuson Strategic Holdings, Inc., and Davao Primeland Properties Corp. on Dec. 11. The Davao Matina Business Park will sit on a 17.1-hectare lot in Matina, Davao City. 

“Cebu Landmasters is bullish to invest in the Davao market and we are happy to serve the growing property requirements of the Davaoeños and of those coming from neighboring provinces,” CLI Chairman and Chief Executive Officer Jose R. Soberano III was quoted as saying in a statement. 

Davao Matina Business Park will host seven office buildings, four retail buildings, 29 residential condominiums, six town house-style buildings, one hotel, one convention center, one medical building, and a civic or community center, as per concept studies drafted for the project. 

“We pay close attention to the needs of the market and we design and build our developments with the market in mind,” Mr. Soberano said.

The first phase of the project will include site development, the office building, retail building, a residential condominium, and a civic or community center. This will start in 2018, with completion slated for 2021.  

Yuson Commercial Investments President and Chief Executive Officer Frederick H. Yuson, who represents three of the companies CLI has partnered with, noted this is the “best time” to develop the property that was previously a golf course. 

“The property has been utilized as a golf course since the 1960s and this is the best time to transform it into a business park to be able to contribute to the economic and social development of the city,” Mr. Yuson said in a statement. 

Mr. Soberano said they are also planning to acquire a 2.2-hectare lot adjacent to the property in order to bring the total project area to almost 20 hectares. The company is also in talks with more companies to acquire more lots adjacent to the property to further expand the project size. 

Davao Matina Business Park marks CLI’s third project in Davao City, with the first two being the residential brand MesaTierra Garden Residences and mixed-use estate Project Riverside. Construction for the two projects are currently ongoing and will be completed by 2020 and 2021, respectively. 

CLI looks to grow its profit by 42% to P1.7 billion in 2018, on the back of its continued expansion in the Visayas and Mindanao area. Revenues, meanwhile, are expected to reach P2.77 billion, 67% higher year on year. 

The company’s earnings surged 77% in the first nine months of 2017 to P960 million on the back of P2.77 billion in revenues. 

source: http://bworldonline.com/cebu-landmasters...davao-cbd/

...ayos ah

CLI reservation sales hit P4.58B in 2017

NEW RESIDENTIAL PROJECTS boosted Cebu Landmasters, Inc. (CLI)’s reservation sales in 2017, allowing it to post a 55.6% growth from 2016 figures.

In a statement issued Tuesday, the listed property developer said it booked reservation sales of P4.58 billion in 2017, exceeding its P4-billion target.

CLI said the growth was driven by newly launched residential projects — 38 Park Avenue in Cebu IT Park which offers 745 units, Casa Mira South in Cebu with 3,200 units, and Mivesa Garden Residences in Cebu with 1,514 units.

The company’s developments in Mindanao, such as the 798-unit Mesaverte in Cagayan de Oro and the 694-unit in Davao City, likewise showed robust  sales.

“All the projects we launched were well-received by their respective markets making 2017 another banner year,” CLI Chief Executive Officer Jose R. Soberano III was quoted as saying in a statement.

CLI aims to continue this growth in 2018 as it targets to book P7 billion in reservation sales, marking a 52% year-on-year increase. This will be driven by a total of 20 projects to be launched, half of which will be in Cebu.

The company said it will be entering two new locations in the Visayas area, with Bacolod to house two residential projects and a hotel. CLI will also be constructing a residential condominium in Iloilo, riding on the optimism on the expected economic growth in these areas.

“Reports from the National Economic Development Authority show that the Visayas region will zoom ahead of other regions in the next five years and is expected to outpace the projected 7-8% growth for the Philippines,” CLI said.

For Mindanao, CLI is planning the launch of two residential subdivisions and one condominium in Cagayan de Oro, as well as a central business district and two residential condominiums for Davao City.

“In 2018, we will continue to expand our footprint in the Visayas and Mindanao, and develop projects that respond to the growing market in these areas,” Mr. Soberano said.

With this, CLI looks to end 2018 with a total of 66 developments. These projects cater primarily to the mid-market segment, although the company noted some of its condominiums serve the high-end market as well.

CLI said it is counting on people with increased take-home pay to divert these funds into housing, following the lowering of personal income taxes from the newly enacted tax reform program.

This year, CLI is targeting a net income of P1.7 billion and revenues of P5.3 billion.

CLI booked a net income of P960 million in the first three quarters of 2017, 77% up from year-ago levels as revenues also jumped 67% to P2.77 billion in the same period.

source: http://bworldonline.com/cli-reservation-...-58b-2017/

Cebu Landmasters expands in Negros Occidental with 2 projects

CEBU LANDMASTERS, Inc. (CLI) unveiled two projects in Negros island with a combined sales value of P3.54 billion, as it looks to provide housing for employees of the booming information technology-business process management (IT-BPM) sector in the area.

In a statement on Monday, the listed property firm said it will develop a residential condominium project in Bacolod City called MesaVirre Garden Residences, consisting of 1,072 units covering 22 to 40 square meters (sq.m.) of space. The units will be spread out across three buildings, valued at P2.63 billion.

The launch of MesaVirre Garden Residences would bring the total number of units under the housing brand to 4,474, as CLI also has projects under the brand in Cebu City, Cagayan de Oro, and Davao City.

CLI’s second project in Negros Occidental is Casa Mira Coast. Under CLI’s brand of economic townhouses, the project in Sibulan offers 543 townhouse units sized from 38 to 58 sq.m., with sales projected to reach P908 million. The location is near Dumaguete City, considered a destination for IT-BPM firms.

Housing units under the Casa Mira brand will hit 5,300 upon completion of the Sibulan project. Other projects under the brand are located in different parts of Cebu, namely Naga, Talisay, Guadalupe, and Tabangon.

CLI’s decision to put up more projects in the Visayas region comes as IT-BPM firms look for more expansion opportunities in the country outside of Metro Manila.

“We’re seeing a lot of economic growth in the South and where there is growth, demand for housing follows especially among the emerging middle class,” CLI President and Chief Executive Officer Jose R. Soberano III was quoted as saying in a statement.

The company cited a study by real estate consulting firm Leechiu Property Consultants (LPC), which revealed that 11% or about 644,000 sq.m. of office space set to come online from 2018 to 2023 will be in Cebu and other parts of Visayas. IT-BPM firms will most likely be taking up these spaces, according to LPC.

“We are now replicating our housing successes in Cebu in other cities in the Visayas with relative ease given our strong relationships in the area and keen understanding of the market,” Mr. Soberano said.

This year, the company targets to launch a total of 16 projects, as Mr. Soberano noted it is “definitely the right time” to continue developing the real estate market in the Visayas-Mindanao region.

CLI aims to book a P1.7-billion profit in 2018, 41.7% higher than its projected net income in 2017. Revenues are expected to reach P5.3 billion, 47% higher than its revenue goal of P3.6 billion in 2017.

For the first three quarters of 2017, CLI’s net income stood at P960 million, as revenues came in at P2.77 billion for the period.

source: http://bworldonline.com/cebu-landmasters...-projects/


Cebu Landmasters to build 1st hotel in Bacolod

CEBU Landmasters, Inc. (CLI) is planning to start construction of its first hotel in Bacolod City by the fourth quarter of the year, which is expected to bring its total hotel portfolio to 969 rooms.

In a disclosure to the stock exchange, the property developer said CLI Bacolod Hotels, Inc. — its joint venture firm with Capitaine, Inc. — signed on Tuesday a service management deal with international serviced residences operator The Ascott Limited for the development of Citadines Bacolod.

CLI President and Chief Executive Officer Jose R. Soberano III said the company is seeing a lot of opportunities in Bacolod, banking on tourism and the information technology-business process management (IT-BPM) industry for its growth.

“There is so much potential to cater not only to the tourism industry but also the M.I.C.E. (Meetings, Incentives, Conventions and Exhibits) market in Bacolod,” Mr. Soberano said.

CLI aims to open the Citadines Bacolod by 2021. It will have 200 serviced residential units, ranging from 25 to 60 square meters (sq.m.) each.

Citadines Bacolod will rise on a 4,501-sq.m. lot along Lacson Street, fronting MesaVirre Garden Residences, CLI’s P1.5-billion residential condominium project.

The Citadines brand looks to cater to young professionals, business and leisure travelers. Among the hotel’s amenities are a swimming pool, gym, and game room.

Mr. Soberano added business travelers linked to the IT-BPM industry will also boost hotel occupancy.

This is the fourth time CLI has partnered with The Ascott, following Citadines Cebu City, Citadines Paragon Davao, and lyf Cebu City.

“Cebu Landmasters is very credible. With its track record and deep knowledge of the VisMin market, we are happy to partner with them again for our fourth service residence project, and our first in Bacolod City,” CLI quoted The Ascott Regional General Manager for the Philippines and Thailand Arthur G. Gindap as saying in a statement.

Aside from The Ascott, CLI also has a partnership with the Radisson Hotel Group to build a Radisson Red hotel in Mandaue City.

Citadines Bacolod is part of the 20 projects CLI has lined up for 2018, for a target of 66 projects in different stages of construction by the end of the year. With this, the company has committed to spend P8.8 billion in capital expenditures.

CLI realized a 17% profit growth to P498.7 million during the first quarter of 2018, following a 14% jump in revenues to P1.26 billion. The company targets to book a net income of P1.7 billion for the year, and alongside revenues of P5.3 billion.

source: http://bworldonline.com/cebu-landmasters...n-bacolod/


...good for you

CLI reservation sales surge 61% in 1st half

RESERVATION sales of Cebu Landmasters, Inc. (CLI) jumped by 61% in the first half of 2018, keeping it on track to hitting its full-year target.

In a statement issued Monday, the Cebu-based property developer said reservation sales reached P4.6 billion during the January to June period, which is already 65% of its P7-billion target for the year. This is also higher than the P4.58-billion sales it recorded in 2017.

CLI attributed its record performance to the strong demand for its projects, specifically its economic housing development in Cebu called Casa Mira South that accounted for 11.2% of its total reservation sales for the first half.

The MesaVirre Garden Residences project in Bacolod also contributed to the growth, as it was able to sell out all units within the first month after launch. The company further saw strong demand for Baseline Center, a mixed-use development in Cebu City that is now 80% sold, and 38 Park Avenue, a residential project in Cebu IT Park which is also 80% sold.

“Our VisMin (Visayas-Mindanao) expansion is on the right track. With our fast turnaround strategy at work across VisMin, we are able to generate more inventory and move very efficiently from acquisition to sales and construction. This has allowed us to grow our reservation sales very strongly,” CLI President and Chief Executive Officer Jose R. Soberano III was quoted as saying in a statement.

To keep up with its 2018 target, Mr. Soberano said the company will be launching fresh projects in the second half of the year. The new projects will be located in Cebu, Davao, Cagayan de Oro, Iloilo, Bacolod, and Bohol.

Included in the pipeline is the second phase of MesaVirre Garden Residences in Bacolod, as the company seeks to take advantage of “interested buyers who were not able to purchase Phase 1.” CLI will also be unveiling a mixed-use development called Astra Centre in Mandaue City before the year ends.

CLI has so far launched two hotels in 2018, namely the Radisson Red in Mandaue City and Citadines Bacolod. The two projects brought the company’s hospitality portfolio to a total of 969 rooms.

It also unveiled the Casa Mira Coast housing project in Sibulan, Negros Oriental, and the Lyceum University township project in Davao.

CLI has scheduled to launch a total of 20 projects for the year, programming P8.8 billion in capital expenditures to help achieve this goal.

The company’s net income grew 17% to P498.7 million, lifted by a 14% increase in revenues to P1.26 billion. This year, CLI is looking at a net income of P1.7 billion, after revenues of P5.3 billion. 

source: http://bworldonline.com/cli-reservation-...-1st-half/


Cebu Landmasters raising P5 billion from notes issue

CEBU Landmasters, Inc. (CLI) signed on Friday a P5-billion corporate notes facility agreement, with the proceeds to be used to acquire land in various cities and develop a business hub in Davao City.

“The proceeds of the notes will be used for the strategic land acquisition of the company in Cebu, Dumaguete, Bacolod, CDO, and Davao, including new expansion areas such as Bohol, Iloilo, Butuan, and General Santos City,” the company told the stock exchange on the day it signed the agreement.

“Part of the proceeds will also fund the development of the 22-hectare central business hub in Matina, Davao,” it added.

The notes facility agreement consists of seven-year corporate notes amounting to P2.5 billion at a fixed rate of 7.25%.

A 10-year corporate note worth P1.5 billion with a five-year repricing period was also included. The rate for the first five years is fixed at 6.75%, the company said.

The remainder, at P1 billion, consists of a 10-year corporate note at a fixed rate of 6.63%, CLI said.

CLI serves the full range of high-end, mid-market, economic and socialized housing segments, mostly in the provinces.

The banks that participated in the corporate notes agreement are Bank of The Philippine Islands, BDO Unibank, Inc., China Banking Corp. and Land Bank of the Philippines.

The fund-raising exercise was administered by issue manager BPI Capital Corp. and joint lead arrangers and bookrunners BPI Capital Corp. and BDO Capital and Investment Corp.

Cebu Landmasters appointed BPI Asset Management and Trust Corp. as the facility agent and paying agent.

source: http://www.bworldonline.com/cebu-landmas...tes-issue/


...puro na positive news na lang CLI ah Tongue

CLI partners with Ascott for VisMin developments

CEBU LANDMASTERS, Inc. (CLI) is teaming up with international serviced residences operator The Ascott Limited to double the number of rooms under its hospitality portfolio by 2022, investing around P5 billion to achieve this goal.

CLI and Ascott on Thursday signed a memorandum of understanding (MoU) to build four to five developments in the Visayas and Mindanao area offering a total of 800 rooms. This will bring the number of CLI’s serviced apartment units carrying the Ascott brand to more than 1,600 by the end of 2022.

“Our confidence lies mainly of the outreach globally for which the Ascott group has been known for, and it… There’s so much for us to grow, and so much opportunity for us to capture. This strategic alliance and partnership with the Ascott group will make things happen faster for us here in VisMin,” CLI Chairman and Chief Executive Officer Jose Soberano III said during the MoU signing in Makati yesterday.

For their part, Ascott Chief Executive Officer Kevin Goh said the partnership will also accelerate its global expansion, as it targets to have 6,000 units in the Philippines alone by 2020 and up to 160,000 units worldwide by 2023. Ascott is part of Singapore-based real estate developer CapitaLand Limited, which has a footprint in more than 150 cities in over 30 countries.

“Leveraging Ascott’s global network and strong hospitality expertise, as well as CLI’s well-established reputation in the Philippine, the partnership will allow us to gain access to a pipeline of quality projects in the country,” Mr. Goh said during the MoU signing.

Under the deal, CLI will be in charge of the capital investment for the development of the property, while Ascott will act as manager and operator. CLI said the management contract with Ascott normally lasts for 10 years, and can be renewable depending on the agreement between the two parties.

CLI has identified Mactan, Cebu, Cagayan de Oro, Iloilo, and Dumaguete as potential locations for the new hotels, noting that it has already acquired the land for two properties.

Mr. Soberano said the additional 800 rooms will strengthen CLI’s recurring income base, which will account for 20% of revenues by 2022.

“As we develop more of our product lines including hospitality business, this will increase contribution (of recurring income) to something like 20%. Of this recurring income base, half of which will be contributed by the hospitality business,” Mr. Soberano said.

Prior to the signing of the MoU, CLI already has five properties carrying Ascott brands in the pipeline. This includes the 180-room Citadines Cebu City in Base Line Center set to open next year, the 250-room Citadines Paragon Davao, 180-room lyf Cebu City, and the 200-room Citadines Bacolod City, all of which will open by 2021.

Room prices in Ascott brands in the VisMin area could range from P4,000 to P6,000 per night, depending on the size of room which could go from 30-40 square meters for one-bedroom units and 60-70 sq.m for two-bedroom units.

CLI’s net income grew 17% to P498.7 million during the first quarter of 2018, lifted by a 14% increase in revenues to P1.26 billion. This year, CLI is looking at a net income of P1.7 billion, after revenues of P5.3 billion.

source: http://www.bworldonline.com/cli-partners...elopments/


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