August 15, 2025 | 12:00am
MANILA, Philippines — Ayala Malls, the retail arm of property large Ayala Land Inc., is investing P12.7 billion to spice up its retail presence in Cebu.
Designed to spice up financial vitality and retail prominence, the strategic funding covers three malls in Cebu—Ayala Heart Cebu, AyalaMalls Central Bloc within the Cebu IT Park and Ayala Malls Gatewalk in Mandaue.
Ayala Malls mentioned the funding is a key a part of Ayala Land’s beforehand introduced “reimagining” of flagship and core malls with phased rollouts from 2025 to 2028.
Additional, it mentioned the strategic deployment of capital underscores Ayala Land’s confidence within the sustained client demand and financial potential of key city facilities like Cebu.
“Cebu is the financial coronary heart of the Visayas, dwelling to a quickly rising city inhabitants, a strong center class, and rising client spending,” Ayala Malls COO Paul Birkett mentioned.
“Cebu (and the bigger Visayas area) is experiencing unprecedented progress, and our substantial funding displays not solely our sturdy confidence within the area however demonstrates our dedication to elevating retail requirements and guaranteeing that we stay related, resilient and impactful for many years to come back,” he mentioned.
Reflecting its long-term confidence within the area’s potential, Ayala Malls has grown its strategic footprint within the Visayas to incorporate Ayala Heart Cebu, Ayala Malls 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.
Ayala Malls Gatewalk is focused to open within the fourth quarter of 2026.
“Ayala Land has at all times been pushed by a transparent mission: to construct with goal, creating areas that drive financial exercise, foster social connection, and create enduring worth. Our malls usually are not merely business facilities; they’re integral elements of our mixed-use estates and significant drivers of native economies,” Birkett mentioned.
“By creating dynamic, multi-faceted ecosystems that combine procuring, eating, leisure, and group areas, Ayala Malls goals to bolster its management and guarantee long-term relevance within the Philippine retail sector,” he mentioned.
