November 29, 2020

Market and Financial News Aggregator

DLI’s tower set for partial opening

1 min read


DAVAO CITY — Damosa Land, Inc.’s (DLI) new office building, the 17-floor Diamond Tower, is ready for partial opening with more than 92% of the construction and finishing work done.

“We will complete the construction by next month but we are able to accommodate locators as early as now,” DLI First Vice-President Ricardo F. Lagdameo said in an interview via Messenger.

He said while they will be completing the project at what is probably the “toughest time for the industry,” it will also mean the company will be ready for investors when they consider or resume plans for setting up in Davao.

Part of the building’s 1,800-square meter office space is allocated to DLI, its mother firm Anflo Management and Investment Corp. (Anflocor) of the Floirendo family, and global office space provider Regus, which already has a partnership with the company through another building.

“We have roughly 4,500 that’s already allocated to Anflocor, Damosa Land, Regus, and another tenant,” Mr. Lagdameo said.

The Diamond Tower is located within the Damosa IT Park, an accredited special economic zone, which already houses two other buildings occupied mainly by business process outsourcing (BPO) firms.

The new building is targeted for more BPOs, financial service companies, and “traditional” offices.

He added that DLI will be constructing a carpark building within the Damosa complex in anticipation of the increased vehicular and people traffic. — Maya M. Padillo



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