Cathay Land to open Outlet Mall in Tagaytay in August 2018
Cathay Land, Inc. and London-based Freeport Retail are set to open the first Outlet mall in the Philippines on August 2.
Cathay Land President Jeffrey Ng said: “With Tagaytay City being a popular tourist destination among locals and tourists, we are confident that they will all enjoy our promise of high quality Outlet shopping at par with what they experience abroad.”
Cathay Land spent P2.5 billionfor the construction of Outlet mall in Tagaytay City which sits along Km.48 Aguinaldo Highway, Silang, Cavite.
“In 2012 we started our focus on Asia, which is a major Outlet opportunity. Our Outlet village in Malaysia opened at the end of 2015,” Freeport Retail Co-Founder and Commercial Director Chris Milliken said, adding that Kuala Lumpur now has three Outlet malls.
Ng said the Cavite-Laguna Expressway would make the Acienda Designer Outlet mall accessible from Metro Manila as it would reduce travel time to 30 minutes from the Ninoy Aquino International Airport and the Entertainment City.
Outlet mall’s target market are Tagaytay’s 16.5 million locals and tourists with above-average income level and high level of fashion consciousness.
An Outlet mall in Australia also opens on the same date with the launching of Acienda Designer Outlet mall in Tagaytay. (PNA)