Damosa Land Inc. (DLI), a trailblazer in sustainable real estate, signs a 25-year partnership with Manila Water Philippine Ventures, Inc. (MWPV) to develop and manage additional water facilities for Anflo Industrial Estate (AIE). The MWPV will be investing at least P150 million for the development, financing, construction, operation, and management of the water system of AIE. Contributed photo
MANILA, Philippines — Damosa Land Inc. (DLI), a trailblazer in sustainable real estate, has signed a 25-year partnership with Manila Water Philippine Ventures, Inc. (MWPV) to develop and manage additional water facilities for Anflo Industrial Estate (AIE).
The MWPV will be investing at least P150 million for the development, financing, construction, operation, and management of the water system of AIE. This sustainable solution to the overall business operations of DLI aligns with their vision for efficient water usage to reduce costs despite increased demand.
AIE is a 63-hectare property located in Panabo, Davao del Norte. It is DLI’s industrial development for trade and agriculture with 19 existing locators, which are local and multinational companies from Japan, Austria, China, and the USA.
AIE services a variety of industries, such as food processing, plastic packaging manufacturing, paper packaging assembly, and warehousing.
The partnership with MWPV brings in additional water facilities to be integrated into the existing system to meet the projected demand of 2.6 million liters per day.
“Damosa Land recognizes the importance of having a reliable water supply system for our locators to ensure efficient day-to-day business operations over a long period of time. Our partnership with the MWPV helps us further accelerate our sustainable operations at the Anflo Industrial Estate and upraise the industrial segment of Davao for our current and future locators,” Damosa Land President Ricardo “Cary” Lagdameo said.
Partners for sustainable progress
Colliers shares its positive outlook for the industrial sector in its Q2 2022 Philippine Property Market Report with growth in e-commerce and manufacturing to sustain warehousing demand while data centers as potential industrial space locators beyond 2022.
As a self-sustaining ecozone in the heart of the Davao Region, AIE is poised to harness sustainable opportunities in the industrial sector and meet the demand for more locators and investors.
Furthermore, DLI’s sustainability practices attract Direct Foreign Investments (FDI) and boost regional economic growth not just in the AIE but also in their other developments, such as Damosa IT Park, the first PEZA-registered IT facility in Southern Mindanao, and Damosa Diamond Tower, an EDGE-certified commercial building that both meet the demands for investors seeking sustainable real estate practices.
MWPV, a business unit under Manila Water Company, explores potential projects in both water and environmental services with a focus on geographic expansion, given the increasing demand for sustainable water and used water solutions. With extensive experience in the Philippine Water Sector, from water treatment and distribution to wastewater management and sanitation services, MWPV is expanding its products and services in Mindanao.
“As we look for opportunities to expand our services beyond the East Zone of Metro Manila and Rizal Province, we look towards the growth in the Visayas and Mindanao regions where active developers like Damosa Land, together with their visionary president, Mr. Cary Lagdameo, share a common vision of ensuring water security and availability to all Filipinos,” said Manila Water Chief Operating Officer for International Businesses and Chief Administrative Officer Roberto Jose R. Locsin.
“It would be a great honor and privilege for us in Manila Water to fulfill this vision, whether through serving them via industrial opportunities like the Damosa Land Industrial Estate or through future opportunities within the Davao region where we can share our experience and expertise in water and wastewater management to the people of Mindanao,” he added.
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