Damosa Land says third IT Park building set to open in 2020

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DIAMOND TOWER is the third building within Damosa IT Park.

DAVAO CITY — Damosa Land, Inc. (DLI) is on track with the completion of its 15-storey Diamond Tower, the third building within its Damosa IT Park, by early 2020, an official of the Floirendo-owned company said.

“We only started this in December of last year and to date we have about seven floors already and we are looking to top off the building by end of the year, hopefully,” DLI First Vice-President Ricardo F. Lagdameo said in an interview last week.

Mr. Lagdameo said demand for office space in Davao City remains robust with the influx of new businesses as well as the expansion of existing firms.

Among the current locators at the Damosa IT Park, a Philippine Economic Zone Authority-accredited facility, are business process outsourcing firm Concentrix, various information technology companies, and global office space provider Regus.

In July, he said several knowledge process outsourcing companies have signed up for space at the Diamond Tower, which will have a total floor area of 20,000 square meters.

Mr. Lagdameo said they are also positioning the new building to become another Davao City landmark, with its architectural design inspired by banana and abaca leaves.

DLI is the real estate arm of Anflo Management and Investment Corp., whose flagship is Tagum Agricultural Development Company, Inc., one of the biggest fresh banana exporters in the country. — Maya M. Padillo