*on buyback* Cebu Landmasters Inc.

...gaganda ng mga news na lumalabas dito sa CLI ah Tongue

CLI to develop P3.6-B mixed-use project in Cebu

CEBU Landmasters, Inc. (CLI) has unveiled a P3.6-billion mixed-use project in Cebu which will include a mall, office spaces, residential units, and a hospitality component.

In a statement issued Thursday, the listed property developer said it will develop the two-tower Astra Centre on a 1.2-hectare lot on A.S. Fortuna St. in Mandaue City. The project looks to take advantage of the lack of integrated developments in the area.

“Astra Centre’s strategic location combined with the synergies that will arise from the development’s components ensure a high-energy development,” CLI Chief Executive Officer Jose R. Soberano III said in a statement.

Astra Centre will be developed in two phases, with the first phase to include the construction of a podium and the first tower. The podium is designed to house an upscale, three-level boutique mall covering 8,300 square meters (sq.m.) of leasable area.

The first tower will have 30 storeys with residential and hospitality components. The hotel will be operated by the Radisson Hotel Group, bringing in its Radisson RED brand for the first time to the country.

Radisson RED will offer 146 rooms which will cater to millennials with round the clock facilities, high-speed WI-FI, and “grab and go” food and beverage options, among others.

“Cebu City is the perfect location to introduce Radisson RED to the Philippines, being a dynamic urban center with a youthful vibe and positive outlook. We look forward to welcoming guests at Radisson RED and to introducing a new era of hospitality to the country,” Radisson Hotel Group President for Asia Pacific Katerina Giannouka said in a statement.

Astra Centre’s residential condominium will be called One Astra Place, and will have 478 units across 15 floors. There will be studios sized 22 sq.m. and one-bedroom units with 36 sq.m. Residents will be able to use amenities such as an infinity pool, a kiddie pool, function rooms, a gym, an al fresco area, and a skydeck.

The second phase of the project will include the second tower which will house the Astra Corporate Center and another residential condominium. Twelve floors will be allotted for office space, with a total leasable area of 15,900 sq.m.

Astra Centre will be CLI’s second mixed-use project following Baseline Center in Cebu City, which was launched back in 2015. That project also has residential condominium, hotel, and office components.

CLI’s net income jumped 17% to P498.7 million in the first three months of 2018, supported by a 14% increase in revenues to P1.26 billion.

source: http://www.bworldonline.com/cli-to-devel...t-in-cebu/


Cebu Landmasters nets P826M in first half

CEBU Landmasters, Inc. is planning to launch more projects in the second half.
EARNINGS of Cebu Landmasters, Inc. (CLI) jumped by a third during the first six months of 2018, lifted by higher sales from its residential business amid ongoing expansion in the Visayas and Mindanao markets.

In a statement released on Monday, the listed property developer said net income hit P826 million in the January to June period, higher than the P633 million it generated in the same period a year ago. This constitutes less than half of the P1.7 billion profit target for the full year.

Revenues surged 45% to P2.6 billion, or around half of its full-year target of P5.3 billion.

“With record-breaking sales accompanied by our fast turnaround development, we are confident that this momentum can be sustained,” CLI President and Chief Executive Officer Jose R. Soberano III was quoted as saying in a statement.

Residential sales, which account for 95% of the company’s revenues, jumped 38% to P2.48 billion during the first half, driven mainly from the sales of projects catering to the economic and mid-market segment. Economic housing projects are those priced lower than P1.7 million, while the mid-market segment are projects priced more than P1.7 million up to around P4 million.

The specific projects that posted robust sales are MesaVerte Residences in Davao City, Baseline Center in Cebu City, Casa Mira South in Naga City, and Casa Mira Towers Labangon in Cebu City.

Reservation sales — which serve as a measure for future revenue to be recognized — climbed by 61% to P4.58 billion. This places the company on track to reach its P7-billion target in reservation sales for the year.

To reach its full-year target, CLI will be launching more projects in Cebu, Davao, Cagayan de Oro, as well as new sites in Iloilo, Bacolod, and Bohol in the second half of the year.

The Cebu-based firm also noted that it has already fully utilized the P2.1 billion raised from its initial public offering (IPO) last year. A total of 94% of the IPO proceeds were used for the purchase of key land properties and for joint ventures. With this, CLI’s land bank now stands at 976,302 square meters, 55% higher than what it had at the time of the IPO. All of CLI’s properties are in the Visayas and Mindanao area.

CLI has recently raised P5 billion from the issuance of corporate notes to further finance its ongoing expansion.

source: http://www.bworldonline.com/cebu-landmas...irst-half/


...ubos ang ipinang-IPO Big Grin

Cebu Landmasters uses up IPO proceeds

CEBU Landmasters, Inc. (CLI) reported that it had fully used up the P2.15 billion raised after the company’s initial public offering (IPO) last year, bringing its land bank of properties to almost a million square meters.

In a disclosure to the stock exchange on Wednesday, the listed property developer said around 70% of the funds went to the acquisition of land. Majority of the properties are located in Mindanao at 41%, while 33% are in Visayas and the 26% balance are in Cebu.

“Cebu Landmasters is committed to the fast turnaround strategy of the company. We have developed 420,573 sq.m. of our land bank after IPO. We now have 52 projects in various developments and we’ve already expanded to eight key cities in VisMin,” CLI President and Chief Executive Officer Jose R. Soberano III said in a statement.

The Cebu-based firm now has a total of 52 projects in various stages of construction located across Cebu, Mandaue, Cagayan de Oro, Davao, Bacolod, Dumaguete, Iloilo and Bohol.

Among CLI’s recent projects is the P3.6-billion Astra Centre, a mixed-use property located on a 1.2-hectare lot in Mandaue City, Cebu. Astra Centre will house residential towers, office spaces, a boutique mall, and hotel carrying the Radisson RED brand. The company looks to finish the first phase of the project in the fourth quarter of 2021.

CLI is also scheduled to launch a new mixed-use project and business district in Davao City in the following months.

The company expanded its net income by a third to P826 million in the first six months of 2018, as revenues surged by 45% to P2.6 billion. CLI targets to continue its growth momentum for the rest of the year, aiming for a full-year net income of P1.7 billion on the back of P5.3 billion in revenues.

To further support its expansion, CLI raised P5 billion from the issuance of corporate notes in July. The capital will be used to finance properties in Cebu, Dumaguete, Bacolod, Cagayan de Oro and Davao, among other sites.

source: http://www.bworldonline.com/cebu-landmas...-proceeds/


...puro good news talaga ah Tongue BUY reco na nga!

CLI 9-month reservation sales soar to P6B

RESERVATION sales of Cebu Landmasters, Inc. (CLI) surged in the first nine months of 2018, driven by interest in both its economic housing and high-end projects.

In a statement issued Wednesday, the Cebu-based property developer said reservation sales jumped 69% to P6.17 billion in the nine months ending September. This represents 88% of the company’s P7-billion goal for full year 2018.

“We expect to see continued strong sales performance in the coming years as demand for housing from these segments of the market remains firm,” CLI President and Chief Executive Officer Jose R. Soberano III said in a statement.

The listed firm attributed the sales to its economic housing brand Casa Mira, which generated P1.42 billion from the sale of 746 units. The Casa Mira brand offers townhouses with two-bedroom covering 36-43 square meters (sq.m.) to three-bedroom sized 58 sq.m.

Its high-end mixed use project in Cebu City called the Baseline Center contributed P1.18 billion after selling 341 units. Its condominium complex in Bacolod City called MesaVirre Garden Residences meanwhile generated P929.93 million after selling 427 units.

Projects located in Cebu, Dumaguete, Cagayan de Oro, and Davao also added to the company’s strong performance during the nine-month period.

The company sold a total of around 2,500 units priced at an average of P2.5 million during the period.

With this, CLI said it will be able to deliver a double-digit financial growth for the year. The company is targeting to book P1.7 billion in profits for this year, higher than its 2017 net income of P1.29 billion. Revenues are also expected to hit P5.3 billion this year.

The company is banking on additional revenues from upcoming projects in Bohol and Iloilo to support its growth target.

“The strategies we have adopted in the housing market allows us to meet full-year targets,” Mr. Soberano said.

CLI also expects more Filipinos to buy housing units moving forward, citing a study made by the Bangko Sentral ng Pilipinas for the third quarter saying that 9.2% of Filipinos “intend to buy a house in the next 12 months.”

The company recently announced that it has fully used up the P2.15 billion raised from its initial public offering last year, which allowed it to further beef up its land bank in the Visayas and Mindanao.

With 420,573 sq.m. of land under its network, CLI now has 52 developments in various stages of construction across Cebu, Mandaue, Cagayan de Oro, Davao, Bacolod, Dumaguete, Iloilo, and Bohol.



CLI, Archdiocese of Cebu sign lease agreement

CEBU Landmasters, Inc. (CLI) on Monday said it has signed a lease agreement with the Archdiocese of Cebu to redevelop the latter’s 6,670-square meter (sq.m.) property in downtown Cebu.

In a disclosure, the listed property developer said it is allocating P900 million for the redevelopment of the Patria de Cebu property into a mixed-use project.

Under the agreement, CLI will develop and operate the new Patria de Cebu property, located in front of the Metropolitan Cathedral Church, for 40 years.

CLI said the approved master plan includes retail and office buildings, as well as a hotel with a Rome-inspired plaza.

Groundbreaking for project is set for the first quarter of 2019. CLI targets to complete the project in 2021, which will mark the 500th year of Christianity in Cebu.

“We envision the new Patria de Cebu to be a center of culture that will celebrate Cebu’s history and heritage… The new Patria de Cebu will uplift the downtown area that is in need of a master-planned development that connects well to the city’s history while creating new practical functions to serve the community,” Jose R. Soberano III, president and chief executive officer of CLI, was quoted as saying in the statement.

Currently, CLI has 52 projects that are in different stages of development across eight cities in Visayas and Mindanao.

source: https://www.bworldonline.com/cli-archdio...agreement/


...earnings report...positive

Cebu Landmasters, Inc. (CLI) delivered a 29% increase in earnings for the three months ending September to P395.52 million, following revenues of P1.07 billion, 12% higher year-on-year.

With this, the Cebu-based property developer boosted nine-month earnings by 27%to P1.22 billion. This can be attributed to the strong sales of residential properties, complemented by the progress of projects being constructed in Cebu and Cagayan de Oro.

Revenues from January to September surged by 33% to P3.7 billion, which CLI Chairman and Chief Executive Officer Jose Soberano II noted still does not include P2 billion worth of investments financed by its initial public offering last year.

“Once these projects start contributing to our revenues, we expect CLI’s performance to achieve new levels… We will sustain growth by aggressively addressing the needs of underserved markets,” Mr. Soberano said in a statement.

source: https://www.bworldonline.com/property-fi...me-growth/


...ano 'to? papogi press release? Tongue

CLI eyes P3B from 1st phase of The Paragon Davao

DAVAO CITY — Cebu Landmasters, Inc. (CLI) expects to generate P3 billion in revenues from the first phase of its mixed-use project called The Paragon Davao, where it will be selling residential condominium and condotel units.

Located in Matina, The Paragon Davao will consist of a residential condominium called One Paragon Place, a condotel operated by Citadines, a convention center, and a lifestyle mall.

One Paragon Place will offer a total of 554 residential units across 26 floors, ranging from studio units sized from 22.4 square meters (sq.m.) to three-bedroom types sized 90.3 sq.m.

“We positioned it in a way that is upscale, but not too expensive,” CLI Chairman and Chief Executive Officer Jose R. Soberano III said during the project’s launch here on Friday.

The company said prices of the units will start at below P100,000 per sq.m., but could rise as demand kicks in.

“We’re very confident on how the market is perceiving us as our sales people have been going to the usual target markets that they are aiming for. We have received so much positive impact, letters of intent are pouring in. So we’re very confident that the take-up will be very strong,” Mr. Soberano said.

Amenities at One Paragon Place include a pool, function room, gym, and meeting room.

One Paragon Place will be CLI’s second residential project in Davao City, following MesaTierra Garden Residences also in Matina district. The company reported that it has already sold 96% out of the 700 units in the project catered toward the middle-income market.

Meanwhile, Citadines Paragon Davao consists of 395 units, 123 of which will be for sale.

“Buyers will be able to enjoy the returns of owning a condominium and sharing the returns of a hotel business. Davaoeños will have the opportunity to own a unit which will be thrown into a rental pool and on a regular basis, get their shares of the returns,” Mr. Soberano said.

Citadines Paragon Davao will have studio-type units sized 24.6 sq.m., and one-bedroom layouts covering up to 47.43 sq.m.

Also included in The Paragon Davao’s first phase is a convention center spanning 4,842 sq.m. in terms of gross floor area. The convention center will have a capacity of 2,500 people, and will also house a grand ballroom sized 1,711 sq.m., event areas, meeting rooms, pre-function areas, a lobby and lounge.

CLI will also build a lifestyle mall with 4,564 sq.m. in gross leasable area, and will be connected to the convention center.

The company will pour in P2.6 billion for the development of the first phase of The Paragon Davao.

Mr. Soberano said they will announce the second phase for the 1.9-hectare property depending on how fast the take-up is. The second phase can include two more residential towers and more retail outlets.

source: https://www.bworldonline.com/cli-eyes-p3...gon-davao/


..ayos ah Tongue

CLI records 86% rise in reservation sales in 2018

CEBU Landmasters, Inc. (CLI) saw its reservation sales surge 86% in 2018, as it launched new projects in the Visayas and Mindanao.

In a disclosure to the stock exchange, the listed property developer said reservation sales, which serve as a measure for future revenue to be recognized, reached P8.54 billion as of end-2018, higher than the previous year’s recorded tally of P4.58 billion.

CLI was also able to exceed its P7-billion target for 2018 by 22%.

“The year ended even stronger than what we expected. The year 2018 was a year of expansion to other key areas of VisMin fortifying CLI’s leadership in property development of the region,” Jose R. Soberano III, CLI president and chief executive officer, said in a statement.

Mr. Soberano said the company recorded robust sales of newly launched projects such as Baseline Prestige, One Astra Place, and Casa Mira Towers, which are located in Cebu, and MesaVirre Garden Residences in Bacolod.

The bulk or 57% of the booked sales came from Cebu projects, while sales of Cagayan de Oro projects accounted for 16%. The rest of the sales came from Bacolod and Dumaguete projects.

By housing segment, CLI said its high-end Premier series accounted for 36% of sales, followed by the mid-market Garden series (34%), and Casa Mira (30%).

This 2019, the company plans to continue expanding outside of Cebu, particularly Iloilo, Bohol, Ormoc, General Santos, and Davao.

CLI also plans to develop townships and hotels in the future.

“Our strategy is proving effective and, given the strength of the property market, we will continue bringing our developments to even more Filipinos in the Visayas-Mindanao region,” Mr. Soberano said.

source: https://www.bworldonline.com/cli-records...s-in-2018/


CLI to boost rental property portfolio

CEBU Landmasters, Inc. (CLI) sees its leasable projects contributing to a tenth of total revenues by 2023, as gross leasable area (GLA) is expected to breach the 200,000-square meter (sq.m.) mark by then.

In a statement issued Thursday, the Cebu-based property developer said it will complete a mix of office, hotel, and commercial establishments within the next four years that will strengthen its recurring income sources.

Projects that will generate recurring revenues include the Astra Centre Lifestyle Mall on A.S. Fortuna Street in Mandaue City that will cover a gross floor area of 14,000 sq.m. The company expects to complete the project in 2021.

The company’s first mixed-use project called Base Line Center in Cebu City will also feature more than 4,700 sq.m. of office spaces and 5,900 sq.m. of retail area. Last year, the company already turned over 2,655 sq.m. of its retail area to Robinsons Supermarket, increasing its GLA by 33% to 8,952 sq.m.

CLI said its residential condominiums also have retail spaces averaging between 500 to 1,000 sq.m.

“Our leasing business complements our residential developments, allowing us to provide complete and gratifying experience to the communities that we build and customers that we serve,” CLI President and Chief Executive Officer Jose R. Soberano III was quoted as saying in a statement.

The company’s foray into the hospitality industry will further boost its target for recurring revenues, banking on the demand for more accommodations in the Visayas and Mindanao regions. It targets to have more than 1,000 hotel rooms by 2023.

“With the continuous growth of the hospitality industry in VisMin, demand for hotel rooms will definitely rise. Cebu Landmasters is at the forefront in providing what the market needs, especially those that travel a lot, from hotel rooms to serviced residences,” Mr. Soberano said.

CLI’s hotel projects include four projects managed by international serviced residences operator The Ascott Limited. The first will be Citadines Cebu City that will be operational within the year with 180 units.

The other three projects with The Ascott are Citadines Paragon Davao, Citadines Bacolod City, and lyf Cebu City.

Aside from The Ascott, CLI also partnered with the Radisson Hotel Group for the first hotel in the country carrying the Radisson Red brand that caters mostly to millennials. This will be located in Astra Centre.

CLI’s net income attributable to the parent stood at P932.73 million in the first nine months of 2018, three percent lower year on year. Gross revenues, meanwhile, climbed 33% to P3.69 billion in the same period a year ago.

source: https://www.bworldonline.com/cli-to-boos...portfolio/


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