Damosa Land envisions ‘agropolis’ in Panabo

Damosa Land envisions ‘agropolis’ in Panabo

March 23, 2017 Press Releases 0

DAVAO CITY — An “agropolis” is how Damosa Land, Inc. (DLI) envisions its 88-hectare mixed-use project that is underway in Panabo City, with agriculture at the center of what would become an industrial-residential-commercial-educational metropolis. In an interview, DLI Vice-President Ricardo F. Lagdameo said the concept of an agricultural metropolis is intended to “highlight the agricultural heritage of Panabo City” as well as its mother company’s roots in the agribusiness sector.

The latest planned addition to the complex is an agri-tourism component, to be called Agriya, that would consist of a working farm with a market where visitors and residents can buy produce.

DLI is the real estate arm of the Floirendo-owned Anflo Management and Investment Corp. (Anflocor), whose flagship firms are the Tagum Agricultural Development Co. (Tadeco) and Anflo Banana Corp., among the country’s major banana exporters.

“We hope we can pull this off so that people will understand how the company has grown to what it is now,” Mr. Lagdameo said.

The complex will also have an educational component through a partnership with the University of the Philippines-Los Baños (UPLB), which is setting up the University of the Philippines Professional Schools in Agriculture and the Environment on a 31,000-square meter lot.

In an earlier statement, UP said it has allocated P271 million for the project.

Adjoining the complex is the 63-hectare Anflo Industrial Economic Zone (ecozone), to be managed by another Anflocor subsidiary, Anflo Industrial Estate.

Accredited by the Philippine Economic Zone Authority (PEZA), the ecozone is seen to boost the agricultural sector, both for fresh and processed products.

Mr. Lagdameo said they are bullish about the project as buyers’ appetite for real estate has remained good in the Davao Region as a whole, particularly Davao City.

Panabo and Davao are neighboring cities.

“We (property developers in Davao Region) are in a better position because we are attracting buyers even from outside of Mindanao,” Mr. Lagdameo said.

Damosa Land

About the author

Damosa Land: DamosaLand is one of the top real estate development companies in Davao, Philippines.