Top property developer Damosa Land, Inc. (DLI) received the Corporate Excellence Award for Property Development Industry in the recently concluded Asia Pacific Entrepreneurship Awards (APEA) held at the Manila Marriott Hotel in Pasay City.
Damosa Land joins 11 other companies representing various industries under the Corporate Excellence Category in APEA, which is organized annually by Enterprise Asia, the region’s leading non-governmental organization for entrepreneurship.
Damosa Land cited major growth — both in quantity and quality — as the reason for the company’s latest award. “We roughly increased our revenue fourfold over the last six years. But more than just financial success, we’ve successfully executed quality projects across several real estate sectors in such a short period of time,” Damosa Land vice president Ricardo Floirendo Lagdameo told BusinessWorld.
“Behind these accomplishments is a hardworking team,” Lagdameo stated. “With so many moving parts, it really takes a good, dedicated team to execute successfully. APEA took notice of that.”
This remarkable recognition brought both excitement and inspiration for Damosa Land. “We’ve been pushing the team so hard over the last few years so they feel a sense of achievement from this award. This will motivate them further to achieve new heights,” he added.
The Corporate Excellence Award for Property Development Industry is the second recognition Damosa Land received this year. Before APEA, Damosa Land bagged the Asia CEO Awards last October.
These awards add to the accomplishments that the real estate developer attained this 2018, which was “characterized by completion of projects and the continuous planning and roll out of new ones”.
These accomplishments include the completion of two towers of the six-tower Seawind Condominium in Davao City; and of the first phase of the Anflo Industrial Estate, the first fully-operated industrial park located in Panabo City, Davao del Norte.
Damosa Land also finishes this year with the ground breaking and beginning of construction of the Damosa Diamond Tower, the newest office tower in the Damosa Information Technology (IT) Park. The Damosa IT Park is the first park in Davao City to be accredited by the Philippine Economic Zone Authority (PEZA).
As Damosa Land celebrates a very successful and profitable year, they are ready to embrace 2019 as they continue to grow their businesses across various projects. First, the Anflo Industrial Estate will see the start of operations of several foreign manufacturing companies. Also, Damosa Land continues to work diligently on the Damosa Diamond Tower, which is expected to be completed by the first quarter of 2020.
Also ahead are the launch of two breakthrough projects. Situated in Brgy. Pandan, Panabo City, Agriya —Damosa’s “master planned township with agriculture as its central theme” — is positioned to be the first agritourism city in Asia. It will house a residential component and the University of the Philippines Professional School for Agriculture and the Environment. Bridgeport, their “master planned seaside development which will feature [an exclusive] marina”, promises work-life balance and leisure living for its residents.