East Java Company signs lease for BU Commercial bldgs. in Daraga

Monday May 2,2022


A long-term lease contract between Bicol University (BU) and East Java Company (EJC) for the BU Daraga Arcade and BU Entrep Centrum in Daraga, Albay was sealed at the Chef Lee Restaurant, Legazpi City on April 22, 2022.

The BU Daraga Arcade is a two-storey commercial building in Daraga, Albay with a floor area of 2,915 square meters, while the BU Entrep Centrum is a one-storey building with a 275 square meters floor area. An adjoining lot was also included in the contract where a portion of the land is comprised of an access road and some setbacks.

ECJ will launch ‘Porterian [ The Gateway],’ a project that necessitates brilliant strategies in securing assets and introducing, creating new business and job prospects, to continuously improve the municipality of Daraga, Albay.

The project is named after the Franciscan Missionaries' Nuestra Senora de la Porteria Parish Church, which was built in honor of the Blessed Virgin Mary. The parish housed the survivors of the 1814 Mount Mayon eruption, which badly destroyed the Cagsawa Church. The Porterian is also linked to Michal Porter and Tom Peters' Porterian and Peterian Performance, which philosophized that "to be genuinely effective, an organization must have a terrific plan with amazing execution."

Present in the signing ceremony were BU President Dr. Arnulfo M. Mascariñas, Mr. Joseph Lim, General/Managing Partner of the East Java Company, BU Business Affairs Office Director and Supervising Committee Dr. Viola Amano, VP For Administration and Finance Atty. Joseph L. Bartolata, VP for Research, Development and Extension Dr. Luis O. Amano, VP Planning and Development Prof. Jerry S. Bigornia, and Technical Members: Atty. Daryl A. Redoblado, Engr. Carmela R. Mirandilla, and Ar. Jobel Bartolome.

The term of lease is valid for a period of 25 years.(written by: Arnold C. Noda, CPRO)