Listed developer Century Properties Group (CPG) announced in a statement Monday that it has signed a memorandum of understanding (MOU) with Indonesia’s Bakrie Global Ventura for the development of three major mixed-use projects in the Philippines.

CPG said that the MOU covers “mutual sharing of resources from allocating capital investments to the exchange of expertise and skills to establish a Media City, a Sports City, and a Technology Corridor in the Philippines.”

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