CLI announces first international joint venture, partners with leading Japanese property firm NTTUD Group

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Leading property developer in VisMin Cebu Landmasters Inc. (CLI) announced its first international partnership, recently signing a joint venture agreement with global Japan-based real estate firm NTT UD Asia Pte. Ltd. (NTTUDA) which is a subsidiary of NTT Urban Development Corporation (NTTUD) to form CLI NUD Ventures, Inc.

CLI Chairman and CEO Jose Soberano III and NTT President and CEO Hiroshi Tsujigami during the latter’s visit to 38 Park Avenue, one of CLI’s premier properties in Cebu IT Park.

NTT Urban Development CEO Hiroshi Tsujigami made a courtesy visit to CLI Chairman and CEO Jose Soberano III and they held a ceremony to celebrate the establishment of this partnership at the listed company’s headquarters in Park Centrale Tower in Cebu IT Park. “I am pleased to announce the formation of a partnership with CLI, allowing us to participate in our first project in the Philippines. Leveraging the development capabilities cultivated through our domestic and international business activities, along with CLI’s extensive track record in property development, to jointly differentiate our products and enhance the selling point, we can provide a better life for the people of the Philippines,” Tsujigami added.

NTTUD is a global real estate firm based in Japan and a subsidiary of the country’s leading telecom provider, NTT. NTTUD started its global business in the United Kingdom in 2009 and NTTUD has been proactively expanding its global business by working on mixed development, office and residential projects. The company’s partnership with CLI is its first in the Philippines.

 

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