YHEST Realty and Development Corporation, a joint venture between regional developer Cebu Landmasters Inc. (CLI) and the Yuson, Huang and Tan families belonging to the Villa-Abrille Clan of Davao, has started ground works on Phase 1 of the P33-billion Davao Global Township (DGT).
The firm is now working on the township’s Phase 1 which will cost P10 billion to develop. YHEST is transforming a 22-hectare golf course owned by the clan at the Matina district into Davao City’s iconic business district.
Phase 1 of DGT is estimated to have an extensive 93,000 square meters of gross floor area as envisioned by YHEST with masterplanner RTKL, a global planning and design and firm responsible for the revival of some downtown centers in the world.
DGT Phase 1 is set for completion in 2022. Edifices planned for this phase include a corporate center, two premier residential towers, a retail strip with a cineplex, and outdoor retail spaces called DGT Town Strip, as well as a civic center to be named DGT Gallery.
“These are exciting times for Davao and the Philippines as this tie-up (with CLI) ushers a new generation of local homegrown developers ready to be at par with the best of world”, said YHEST President Fred Yuson, a fifth-generation descendant of one of Davao’s forefathers, the business Francisco “Juna” Villa-Abrille.
The Villa-Abrille family is one of the oldest clans in Davao that is into leasing of commercial offices and buildings such as Matina IT Park and Sutherland Global Services.
