MANILA, Philippines — Ayala Land Inc., by way of its retail arm Ayala Malls, is ready to redevelop three of its malls in Cebu.
In an announcement on Wednesday, August 13, Ayala Land mentioned that it lodged a P12.7-billion funding to “redevelop and improve” three malls in Cebu from 2025 to 2028.
The funding will likely be focused on three key properties: the flagship Ayala Middle Cebu, AyalaMalls Central Bloc within the Cebu IT Park and the brand new Ayala Malls Gatewalk in Mandaue.
Paul Birkett, Ayala Malls COO, in an announcement, mentioned the funding displays the corporate’s sturdy confidence in Cebu’s financial potential.
“Cebu is the financial coronary heart of the Visayas, house to a quickly rising city inhabitants, a strong center class, and rising client spending,” Birkett mentioned in an announcement.
“Cebu (and the bigger Visayas area) is experiencing unprecedented development, and our substantial funding displays not solely our sturdy confidence within the area but in addition demonstrates our dedication to elevating retail requirements and guaranteeing that we stay related, resilient, and impactful for many years to return,” he added.
Ayala Malls additionally mentioned that it’s implementing a technique in Cebu to create a diversified retail ecosystem, with every mall serving a definite market section.
Ayala Middle Cebu is positioned as a premier way of life and luxurious vacation spot, whereas Ayala Malls Central Bloc is a dynamic hub for younger professionals and the BPO workforce.
The upcoming Ayala Malls Gatewalk, in accordance with Ayala Malls, which is scheduled to open within the fourth quarter of 2026, is being designed as an leisure and eating vacation spot to increase the corporate’s attain into new client segments.
Ayala Malls’ footprint in Visayas contains malls comparable to Ayala Middle Cebu, AyalaMalls Central Bloc and the upcoming Ayala Malls Gatewalk in Cebu, in addition to Ayala Malls Capitol Central in Bacolod Metropolis and Outlets at Atria in Iloilo Metropolis.
