Cathay Land to open PH’s first designer outlet mall in August
Cathay Land, Inc. and London-based Freeport Retail will open the first outlet mall in the Philippines on Aug. 2.
Located in Silang, Cavite, the Acienda Designer Outlet will require an investment of around P2.5 billion.
Cathay Land president Jeffrey Ng said: “With Tagaytay City as the nearest 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.”
“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,” said Chris Milliken, Freeport Retail co-founder and commercial director.
The outlet mall’s target market is Tagaytay’s 16.5 million locals and tourists with above-average income level and high level of fashion consciousness.