Cebu Landmasters unveils P3.6-billion mixed-use project in Mandaue

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Artist's digital rendering of Astra Centre in Mandaue City.

Cebu Landmasters, Inc. (CLI) has unveiled a P3.6-billion mixed-use project in Cebu, set to house 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 Street in Mandaue City. The project seeks to cater to the need for more 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. — Arra B. Francia