City & Land Developers, Inc. (LAND) is a domestic public corporation registered with the Securities and Exchange Commission on June 28, 1988 and started commercial operations on August 1, 1992. The company is 49.73% owned by Cityland Development Corporation. LAND's primary purpose is to acquire and develop suitable land sites for residential, office, commercial, institutional, and industrial uses. LAND has two commercial, office and residential condominium projects located along Pablo Ocampo Sr. Avenue (formerly Vito Cruz), Manila were fully completed and operational. LAND has also launched a new condominium project called the Grand Emerald Tower, which is located in Emerald Avenue, Ortigas Center, Pasig City in the second half of 2006. Source: SEC Form 17-A (2008)