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Home | Money Matters | Property firm launches P3.6-billion mixed-use Astra Centre
Astra Centre is Cebu Landmasters’ second fullange mixed-use property that will rise on a 1.2-hectare lot on A.S. Fortuna St., Mandaue City’s lifestyle hub within striking distance from Cebu City. (PR)

Property firm launches P3.6-billion mixed-use Astra Centre

Listed property firm Cebu Landmasters Inc. yesterday launched Astra Centre, a P3.6 billion project in a strategic Metro Cebu location expected to help address the metropolis’ surging need for integrated developments.

The developer’s second fullange mixed-use property will rise on a 1.2-hectare lot on A.S. Fortuna St., Mandaue City’s lifestyle hub within striking distance from Cebu City.

“Astra Centre’s strategic location combined with the synergies that will arise from the development’s components ensure a high-energy development,” said Jose Soberano III, CLI chief executive officer. “Astra Centre will change the landscape of Mandaue City.”

The project will have two towers rising from one podium. Scheduled soon for groundbreaking is the podium, where the mall will be located, and the first 30-floor tower 1 which will have a hotel and residential condominium. These components makeup the first phase of the project.

Astra Centre Mall will be an upscale three-level boutique mall with 8,300 sq.m. leasable area. It will have a high ceiling with atrium, outdoor dining and retail stores at a paseo connected to a sunken garden and a supermarket, and cinemas.

Radisson RED, a first in the Philippines, is a 146oom hotel to be operated by the Radisson Hotel Group and is one of the five hotels in the CLI hospitality portfolio. It has a unique design and upscale select  service offerings that will be informal, aspirational and targeted towards millennials. These will include fun, bold designs, 24-7 facilities, high-speed WIFI, “grab and go” food and beverage options, and statement art pieces that exude the expressiveness of the brand.

One Astra Place will be a residential condominium with 15 floors consisting of 478 units. Amenities include an infinity pool, kiddie pool, function rooms, gym, al fresco area, skydeck, among others. It offers studio units with 22 sq.m. floor area and one-bedroom units with 36 sq.m. floor area. (PR)



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