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Old December 31st, 2007, 04:32 AM   #1
LordCarnal
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Ayala Center Cebú - Phase 2 Expansion [4F|com|t/o]

Ayala phase 2 expansion to kick off next year
The Freeman
Friday, December 28, 2007

After the completion of the lagoon development of Ayala Center Cebu, which is expected by March or April, Cebu Holdings Inc. (CHI) will kick off another expansion plan of the shopping mall area pursuing the original plan of developing the Cebu Business Park’s (CBP) 9.6 hectare super block.


In an interview with CHI president and chief executive officer (CEO) Francis O. Monera, he said that the Phase 2-B project .will be pursued by the company next year, starting with a study on how to develop a concept for another shopping mall expansion

CHI is going to finish its P850 million expansion project of Ayala Center including the completion of the Ayala Center expansion building, and the transformation of its lagoon area to a chic Food and Beverage (F&B) strip.

According to Monera, details of the upcoming expansion will be determined after the design study will be finished.

This means that after the face lift of Ayala Center Cebu with the opening of its new expansion building in the middle of this year, and the unveiling of re-designed al fresco lagoon area, a more expanded shopping mall will be seen by Cebuanos in the next few years.

The Ayala Center Cebu, which is the crown jewel of the 50-hectare Cebu Business Park (CBP), has occupied only 3.5 hectares of the CBP super block, excluding the lagoon redevelopment.

With this, CHI still has ample of remaining lots to be development in the super block area to maximize the entire 9.6 hectares.

“The whole super-block is under review and is subject to design study. The study will start next year,” Monera said.

The P600 million lagoon redevelopment project will have a total leasable area of 8,6000 square meters, about 70 percent of these leaseable areas are already reserved by new tenants, Monera said.

In 2006, Ayala Center Cebu contributed a total revenue of P398 million to CHI. While Ayala Food and Entertainment Center (AFEC), together with its theater operations under the company’s wholly-owned subsidiary, Cebu Leisure Company, Inc. (CLCI) reported a P100 million contribution to CHI’s total revenue in 2006.

The year 2006 was the most celebrated year for CHI, as it raked a one billion peso mark in revenue, with 76 percent increase of its income, a 10-year high in the company’s book history. – Ehda M. Dagooc
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Old December 31st, 2007, 04:37 AM   #2
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Cebu Holdings Inc. planning P2B mall expansion
By MALOU M. MOZO
Sun.Star Staff Reporter

Following the completion of the lagoon area of the Ayala Center Cebu within the first quarter of 2008, mall developer Cebu Holdings Inc. (CHI) is planning another expansion for the shopping mall to complete the original development of Cebu Business Park (CBP).

CHI president and chief executive officer Francis Monera said the P2 billion phase two project will begin by March or April next year. It will start with a study on how to develop a concept for another shopping mall expansion.

"The whole super-block is under review and will be a subject of a design study. The study will start next year," Monera told reporters Wednesday.

He said details of the upcoming expansion will be determined after the design study will be finished.

This means that following the "face lift" of the Ayala Center Cebu mall—with the opening of the three-story annex in mid-2007 and the re-designed al fresco lagoon area—Cebuanos will soon enjoy a more expanded shopping mall in the next few years, completing the development of CBP's 9.6-hectare "super" block.

The Ayala mall, excluding the lagoon area, sits on a 3.5-hectare lot at the CBP.

This will give CHI more lots for the “super” block to maximize the entire 9.6 hectare property, Monera said.

CHI is bent on finishing its P850-million expansion project for Ayala Center Cebu, including the completion of the mall's annex and the transformation of its lagoon area to a "chic" food and beverage strip.

The P600 million, two-hectare lagoon redevelopment project (currently ongoing) will have a total leasable area of 8,600 square meters, about 70 percent of which, were already reserved by new tenants, said Monera.

The expansion and renovation of its mall in Cebu is part of CHI holding company, Ayala Land Inc.’s efforts to stamp the Ayala mall brand on all its malls, which have been regarded as the Ayala retail group.

Ayala malls include the Ayala Center Cebu, Glorietta, Greenbelt, Ayala Alabang and Market Market.

Ayala Center Cebu is the only mall found outside Metro Manila.

In 2006, the Cebu mall contributed a total revenue of P398 million to CHI.

Meanwhile, the Ayala Food and Entertainment Center, together with its theater operations under the company’s wholly-owned subsidiary, Cebu Leisure Company, Inc. reported a P100 million contribution to CHI’s total revenue in 2006.

By the end of 2006, CHI earned over P1 billion in revenues with an income growth of 76 percent—a 10-year high in the company’s books.
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Old December 31st, 2007, 04:39 AM   #3
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The original plan?
By Rusty18

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Old December 31st, 2007, 07:26 AM   #4
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woooohoooo!!!!
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Old December 31st, 2007, 01:45 PM   #5
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Quote:
Originally Posted by arnold_carl View Post
The original plan?
By Rusty18

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wow! i'll love Ayala truly more. btw, i edited this photo ages ago, but i think it was marvin who took this shot.

NEW YEAR, NEW MEGA EXPANSION! this is unstoppable!!!
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Old December 31st, 2007, 02:56 PM   #6
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Yeah, your nick was still rusty18 then, hehehe..
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Old December 31st, 2007, 03:27 PM   #7
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Quote:
Originally Posted by arnold_carl View Post


Yeah, your nick was still rusty18 then, hehehe..
that's right ArnoldSA! those were the early days of SSC. rusty18 pa intawn ko ato.


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Old December 31st, 2007, 03:29 PM   #8
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Happy New Year too Rus.. are u in Cebu?
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Old December 31st, 2007, 03:39 PM   #9
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nope, here in Ortigas. but will finally move back to Cebu within January.
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Old December 31st, 2007, 04:11 PM   #10
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Good news..
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Old January 1st, 2008, 08:51 AM   #11
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indeed,a good news for the cebuanos...

keep it up
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Old January 1st, 2008, 11:06 AM   #12
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but to the left of tower palace is already bigfoot, ryt?
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Old January 1st, 2008, 02:31 PM   #13
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yeah, Bigfoot is the owner of that lot now which used to be a hip golf driving range.... i wonder if the Jesuits (Sacred Heart School) is the former owner of that lot because they used to hold a lot of school activities there before..
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Old January 1st, 2008, 03:57 PM   #14
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Quote:
Originally Posted by diehardbisdak View Post
yeah, Bigfoot is the owner of that lot now which used to be a hip golf driving range.... i wonder if the Jesuits (Sacred Heart School) is the former owner of that lot because they used to hold a lot of school activities there before..
i think shs-j just borrowed that lot. most of the activities done there before were usually related with its soccer program.
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Old January 2nd, 2008, 10:46 PM   #15
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Hopefully this will be materialized soon!
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Old March 4th, 2008, 10:09 AM   #16
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what with the two high rise buildings? are they really going to build that?
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Old March 4th, 2008, 10:14 AM   #17
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^ Yes, that is their long term plan
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Old March 4th, 2008, 10:30 AM   #18
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cool i hope this will be the next expansion

but my sister said that this is one of their old plans

but la pa na part sa naka line up nga endeavor sa mgt.

hope shes wrong hehe
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Old March 4th, 2008, 02:10 PM   #19
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it is still part of the plan. but they will first finish expanding the mall. but nobody really knows yet so i hope they will.
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Old March 7th, 2008, 06:21 AM   #20
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Maybe there's a change of plans?

Another model/rendering no longer includes the two towers.. hehehe..

Someone also told me that they have already built the two towers which is now the existing Park Towers I and II..



...
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