Thursday 20 September
Powered by Ajaxy
Aug 24, 2017 @ 18:13

Ayalas, Aboitiz Group invest P26B in new Cebu CBD

 

Ayala Land Inc. and AboitizLand are shelling out P26 billion to build a 17.5 hectare business district and lifestyle destination in Mandaue City, Cebu.

The project called Gatewalk Central will include office buildings, residential options, parks, an Ayala mall, and other retail selections.

The Ayala Mall, which will feature Landmark department store as its anchor, will open in 2019.

Gatewalk Csntral will also have a wide mix of popular global and local brands, family dining, entertainment concepts, and BPO office space.

Development cost for the first phase of the project is estimated at P10 billion.

The project is estimated to generate 1,300 jobs during construction and 9,000 jobs once operating.

Tags: , , , , ,

Related Stories
Bilyonaryo Lucio Co is opening two more S&R Membership Shopping clubs next year to further
The Cebu-based Norkis Group of Companies has teamed up with Canedo Equity Ventures Inc. to
Ayala Land Inc. appears pretty much done with its project launches for the year after
Property giants Ayala Land Inc. and AboitizLand are shelling out an initial P10 billion to


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.