Wednesday, January 13, 2010

Philippine Ayala Land to build biggest mall in Mindanao for P4.5B in CDO



Via Business Mirror Wednesday, 13 January 2010  CAGAYAN de Oro City—Ayala Land Inc. (ALI) is set to invest at least P4.5 billion here to build the biggest mall in Mindanao, thereby boosting investor confidence in this capital city of Northern Mindanao.

Constantino Jaraula, city mayor here, said that ALI will build the P4.5-billion shopping and recreation mall in its newly acquired property in the heart of this city’s bustling business district this year.
“Once completed, this Ayala mall would make the city the major shopping destination in Mindanao as this will be the biggest mall in the region and will further boost our beloved city as a haven for investment,” Jaraula said.

It will also be bigger than Davao City’s P3-billion Ayala mall, which will open in 2012, he said.  Continue reading here http://businessmirror.com.ph/home/regions/20856-ayala-land-to-build-biggest-mall-in-mindanao-for-p45b.html