Cebu Landmasters Inc. has teamed up with Lyceum of the Philippine University to develop the latter’s 17-hectare property into a mixed-use with a world university town development.
CLI said in a disclosure to the stock exchange the agreement with Lyceum called for the development of the LPU Town Davao set to begin construction by the fourth quarter of 2018.
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The 17-hectare mixed-use development is envisioned to have an academic, residential, commercial, office, hotel and convention components.
A 5.2-hectare lot has also been allotted for LPU Davao campus, including an academic resource center, a pool, dormitories, maritime center and a football field in Buhangin, Davao City.
