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Old February 24th, 2010, 04:12 PM   #1
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CAGAYÁN DE ORO | Centrio - Ayala Mall [3F|com|u/c]

PROJECT WATCH: Ayala Mall Cagayan de Oro revealed

Posted on June 10, 2010 by damarre
cagayandeorodev.wordpress.com


Quote:
Originally Posted by Taegon View Post
I guess this is what you’ve all been waiting for….the revised rendering of Ayala Mall Cagayan de Oro. As you can see, the proposed development will cover the entire Floirendo property fronting Gaisano Mall along CM Recto Avenue.

The hotel and BPO component are fully integrated into one huge building complex. I think Ayala maximized the use of the prime lot which has been idle for so many years. It’s safe to assume that the hotel (around 10 storeys) is the one at the corner of CM Recto and Corrales Avenue while the BPO (approx. 5-6 storeys) will be at the other corner of CM Recto and Capt. Vicente Roa Street.

Based on the above plan, the mall’s main entrance will be at the frontage along CM Recto Avenue with side entrances along Capt. V. Roa and possibly along Corrales Avenue as well.

Interestingly, Ayala incorporated some of their sustainable architecture with the “center tree” at the middle of the complex. I think they will retain the existing tree found at the center of the property.

Based on my info, the basement where the parking area will be located is designed to be 1.5 meters above street level.

So this is an initial glimpse of the much awaited Ayala Mall which is expected to start pile driving come August, at the earliest possible time. Coincidentally, it’s fiesta time in the city - what a time to celebrate.


Ayala-Anflocor expands partnership with P2.5B project in CDO

DAVAO CITY, Feb. 23 '10 (PNA) -- The Ayala and Anflocor have expanded their business partnership after they entered into an agreement to venture into a P2.5 billion development project in Cagayan de Oro City.

This came after the two business giants partnered in the P5 billion Abreeza-Davao along J.P.Laurel Ave., Davao City. The Abreeza Mall, one of the components of the huge project is targeted to open on May 2011.

Ayala Land,Inc. (ALI) president Antonio Aquino disclosed to media during the recent pre-launching of Abreeza-Davao regarding the Cagayan project.

Anflocor vice chair Antonio Floirendo Jr. confirmed Aquino’s announcement. He said during the same event that Ayala-Anflocor’s new project will rise within a four-hectare property at C.M. Recto St., the heart of Cagayan de Oro City.

Ayala and Anflocor groups are slated to ground break the project this year.

Floirendo said this early, the Ayala-Anflocor is already receiving inquiries regarding the Cagayan project.

“There are a lot of excitements with our Cagayan project,” he said.

The Cagayan project will likely be akin to Abreeza-Davao where aside, from a mall, it will also consist of a BPO center, residential lots, and a hotel.

Floirendo however emphasized that they are doing their business ventures with ALI with stride to place things in the proper prospective.

Marivic Anonuevo, vice president and Ayala Malls Group head said just like Abreeza-Davao, the Cagayan project will cater to the A, B, and C markets.

She said other ALI group of companies like BPI and Globe are expected to join in the Cagayan project.

Both and other ALI groups have signed up with Abreeza-Davao, she said. (PNA)
FFC/JGQ/lvp

EDIT: latest update by boju
The future site of Ayala CDeO mall



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Last edited by rustyboi; September 10th, 2010 at 04:49 AM. Reason: added recent rendering
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Old February 24th, 2010, 04:15 PM   #2
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repost from cagayan de oro and misor main thread

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Originally Posted by [earthling] View Post



Ayala Land to put up P2.5-billion complex in Cagayan de Oro

By Zinnia B. Dela Peña (The Philippine Star) Updated February 20, 2010 12:00 AM

MANILA, Philippines - Property giant Ayala Land Inc. (ALI) is further expanding in Mindanao with the construction of an integrated mixed-use complex in Cagayan de Oro, estimated to cost at least P2.5 billion.

In a disclosure to the Philippine Stock Exchange, ALI senior vice president and chief finance officer Jaime E. Ysmael said the proposed project, which will rise on a 3.2-hectare property along Claro M. Recto Ave. at the heart of Cagayan De Oro City, is in partnership with Anfilo Management & Investment Corp. and Mindanao Motors Corp.

Ysmael said around P2.5 billion will be initially spent for the development of the centerpiece shopping mall with approximately 40,000 square meters of gross leasable area. The mall will offer basic conveniences addressing the everyday needs of the city, as well as unique, dining, entertainment and retail concepts that will serve immediate communities, tourists and transients, he said.

Construction on the shopping mall is expected to begin towards the end of 2010 and will be completed by 2012.

Ysmael said another component of the project is the construction of a boutique hotel and an office building catering to the business process outsourcing (BPO) sector.

“With Ayala’s unmatched experience in developing world-class real estate developments and the Anflogroup’s strong corporate presence in the area, the project is designed to be an integrated mixed-use development that will change Cagayan de Oro’s urban landscape,” Ysmael said.

Cagayan de Oro is a trade and commercial center serving as a transport hub for Northern Mindanao, and is considered a high-growth area.

Ysmael said this project is the second partnership between ALI and Anflogroup in Mindanao. In 2007, the two groups teamed up for the development of Abreeza Mall in Davao City, which is slated for opening next year.

“Both ventures are consistent with the company’s goal of expanding, developing and redeveloping strategic areas within attractive growth centers across the country in order to deliver additional value for its customers and shareholders, while being a strong partner in nation-building,” Ysmael said.

ALI is going full blast with the construction of new projects this year in line with efforts to further expand its geographic base and launch new business lines and market segments.

The company will also aggressively expand its shopping centers to bring total gross leasable area to more than one million square meters by the end of 2011. The expansion will involve MarQuee Mall in Angeles City with a total of 37,000 square meters of GLA and the Davao Mall, which will contribute an additional estimated 94,000 square meters GLA next year.

With control of 52 hectares of land in the Makati central business district and another 33 hectares in Bonifacio Global City, ALI has delivered an average total shareholder return on equity of 42 percent per annum over the past five years.

ALI’s parent firm, Ayala Corp., is one of the country’s largest conglomerates with diversified operations in real estate and hotels, telecommunications, financial services, water distribution, electronics manufacturing, information technology and automotive dealerships.


congratz CDO....
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Old February 24th, 2010, 04:16 PM   #3
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repost from main thread

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Originally Posted by Taegon View Post
Posted on 07:12 PM, February 19, 2010

Ayala Land inks P2.5-B property venture with Floirendos

Property giant Ayala Land, Inc. has entered a joint venture with the Floirendo family for a P2.5-billion mixed-use development in Cagayan de Oro City, the listed firm told the bourse on Friday.

The deal, which is the second for the Ayala and Floirendo groups, forms part of Ayala Land’s P27.17-billion capital expenditures this year. "Ayala Land recently signed a joint venture agreement with Anflo Management & Investment Corp. and Mindanao Motors Corp. (Anflogroup) for the development of a 3.2-hectare property along Claro M. Recto Avenue at the heart of Cagayan de Oro City," the firm said.

Under the deal, the partners will put up a centerpiece shopping mall with approximately 40,000 square meters of gross leasable area. "Construction on the shopping site is expected to begin towards the end of 2010 and will be completed by 2012," the property developer said.

After the shopping center, Ayala Land will construct a business process outsourcing-oriented office building and a boutique hotel.

Ayala Land said Anflogroup’s strong corporate presence in the area will be an advantage. In 2007, the firms tied up to build the Abreeza Mall in Davao City, which is scheduled to open next year.

Anflogroup is a local holding firm established in 1977 by Antonio O. Floirendo, Sr. It is engaged in the export of bananas and pineapples, real estate development and leasing, beach resort operations, and manufacturing, among others.

Ayala Land saw profits decline by more than a tenth last year, as the global economic downturn dampened the real estate sector. In its financial report, Ayala Land said net income dropped to P4.681 billion last year from P5.382 billion in 2008 and P5.095 billion in 2007.

But expectations of an economic recovery has prompted the firm to allot P27.17 billion in capital spending this year from P16.2 billion last year.

Shares in the property firm closed P0.25 lower at P10.75 apiece on Friday. -- Neil Jerome C. Morales
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Old February 24th, 2010, 04:20 PM   #4
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Ayala Land expands to Cagayan de Oro

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Ayala Land Inc. (ALI) is set to develop a shopping mall in Cagayan de Oro in the fourth quarter as part of the property firm’s expansion program this year.

In a disclosure to the Philippine Stock Exchange (PSE), Jaime Ysmael, ALI chief finance officer, said the company signed a joint venture agreement with Anflo Management and Investment Corp. and Mindanao Motors Corp. for the development of a shopping mall in a 3.2-hectare property along Claro Recto Avenue.

ALI said the initial investment would reach P2.5 billion for the construction of the shopping mall, which would have 40,000 of gross leasable area.

The company aims to construct the shopping mall towards the end of the year and will be completed by 2012.

“The project is envisioned to be an integrated mix-use development that will change Cagayan de Oro’s urban landscape,” Ysmael said. The mall will offer dining, entertainment, and retail concepts that will serve the communities, tourists, and transients.

The shopping center will precede the construction of a business process outsourcing (BPO) oriented office building and boutique hotel.

This is ALI’s second partnership with the Anflogroup in Mindanao. In 2007, the two developed Abreeza Mall in Davao City, which is scheduled to open next year.

Last year, ALI had said revenues from malls rose 4 percent to P4.44 billion with the expansion of its gross leasable area despite the 5-percent drop in the average lease.

The expansion of BPO office space and higher rentals helped the company’s corporate business revenues nearly double to P1.99 billion. Other business segments like strategic landbank management and Visayas-Mindanao registered double-digit revenue growth, but support businesses—construction, property management and hotel—dropped by 38 percent to P4.96 billion because of lower contribution from external construction projects.

Its net income dropped by 16 percent to P4.04 billion last year from P4.81 billion the previous year.

This decline can be traced to the 10-percent drop to P30.46 billion in consolidated revenues. ALI said the 8-percent drop in sales from real estate and hotel operations and the absence of capital gains from large transactions caused the contraction.

Maricel E. Burgonio
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Old February 24th, 2010, 04:21 PM   #5
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repost from main thread

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Originally Posted by [earthling] View Post

Ayala Land, Anflo group sign joint venture pact for Cagayan de Oro complex
(The Philippine Star) Updated February 21, 2010 12:00 AM


MANILA, Philippines - Ayala Land Inc. signed a joint venture agreement with Anflo Management & Investment Corp. and Mindanao Motors Corp. (“the Anflogroup”) last Feb. 18, 2010 for the development of a 3.2-hectare property along CM Recto at the heart of Cagayan de Oro’s economic hub. Identified as a high growth area, Cagayan de Oro is a trade and commercial center serving as a transport hub for Northern Mindanao.

In 1997, the Ayalas and the Floirendos also sealed a partnership to develop The Regency at Salcedo, a residential condominium in Makati City, and later in 2007 a mixed-use development in Davao City called Abreeza.

With this proven partnership and Ayala Land’s unmatched experience in world-class real estate developments, the project is envisioned to be an integrated mixed-used development that will dramatically change Cagayan de Oro’s urban landscape. This is in line with Ayala Land’s strategy of establishing well-planned mixed-use communities in growth centers in various parts of the country.

The centerpiece of the development will be a shopping mall that will offer basic conveniences addressing the everyday needs of the city, as well as unique, dining, entertainment, and retail concepts that will serve not only the immediate communities but also tourists and transients.

With a total initial investment of approximately P2.5 billion, the project is expected to spur growth and create about 10,000 new jobs.



Photo shows (from left): Ayala Land Inc. president Antonino T. Aquino, Anflo Management & Investment Corp. chairman Antonio O. Floirendo Sr. and Ayala Land Inc. senior vice president Marivic E. Añonuevo as they sign the joint venture agreement for the development of a 3.2-hectare complex in Cagayan de Oro City.



there's no way stopping CDO to have it's Ayala mall...congratz again...
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Old February 24th, 2010, 04:24 PM   #6
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I'm sick waiting for the rendering lol

gigaGO CDO!
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Old February 24th, 2010, 04:24 PM   #7
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repost from main thrread

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Originally Posted by adeuksom View Post
mao ra mani bai darky..

Ayala Land to invest in P2.5-B project in Cagayan de Oro
abs-cbnNEWS.com | 02/21/2010 3:38 PM

MANILA, Philipines - Property giant Ayala Land Inc. has partnered with Floirendo-owned Anflo Management and Investment Corp and Mindanao Corp. to transform a 3.2-hectare property in Cagayan de Oro City into a mixed-used development.

In a disclosure to the stock exchange, Ayala Land said total initial investment for the project will reach P2.5 billion.


The project involves the construction of a shopping mall, an office building catering to business process outsourcing companies and a boutique hotel.

The proposed mall will have 40,000 square meters of gross leasable space that will offer unique, dining, entertainment and retail concepts that will serve immediate communities, tourists, and transients.

"The City of Cagayan de Oro is a trade and commercial center serving as a transport hub for the Northern Mindanao and considered as a high growth area. With Ayala Land's unmatched experience in developing world class real estate developments and the Anflogroup's strong corporate presence in the area, the project is envisioned to be an integrated mixed-use development that will change Cagayan de Oro's urban landscape," the company said.

This is the second partnership between Ayala Land and the Davao-based Floirendo family. In 2007, the two groups also partnered for the development of a 9-hectare property in Davao City.

The joint venture partners proposed to invest P2.3 billion for the construction of a 40,000-square meter retail development and a 20,000-sqm BPO component.

Ayala Land earlier said it plans to spend P27.2 billion to finance the construction of 32 real estate projects, including new malls, office buildings and residential condominiums.

as of 02/21/2010 3:38 PM
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Old February 24th, 2010, 04:25 PM   #8
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from main thread

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Originally Posted by boju2 View Post
Unsay darky nga si burotski mana @adeuksom,

oo mao gihapon pero nia na...

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Old February 24th, 2010, 04:27 PM   #9
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Ano kaya ang magiging pangalan ng mall na 'to?
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Old February 24th, 2010, 04:27 PM   #10
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Oro Mall?
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Old February 24th, 2010, 04:28 PM   #11
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from main thread

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Originally Posted by TONZI View Post
Surely @ Taegon. And more to that, when Hanjin resumes their shipbuilding facility, I guess SB won't let that get away too! They be putting more branches as top honchos of the different international corporate offices will flock to CdeO to see their ships being built in Villanueva/Tagoloan.

Ayala's regional mall is worth P2.5 billion pala. So, the rest such as the boutique hotel and BPO buildings will also have another investment capital infusion. Aabot din ito ng P 5 billion. Ang ganda ng investment prospects ng CdeO after ALI. Mas marami pa ang darating in the coming years.


Here are the contents of the PDF file:

image hosted on flickr

image hosted on flickr
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Old February 24th, 2010, 04:30 PM   #12
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Thanks darky for starting this thread....at this time dili na ni ma removed because it is now official. With this project, it will really help the City's economy. More job for normin.
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Old February 24th, 2010, 04:32 PM   #13
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from main thread

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Originally Posted by Dreamer's View Post
Another article from inquirer:


Ayala Land signs P2.5-B joint venture for mall project

By Daxim Lucas
Philippine Daily Inquirer
First Posted 22:41:00 02/21/2010

Filed Under: Contracts, Construction & Property, Real Estate


MANILA, Philippines—Publicly listed Ayala Land Inc. will step up its expansion to areas outside Metro Manila this year with it plan to transform a property in Cagayan de Oro City into a mixed-use development, the company said on Friday.

In a disclosure to the Philippine Stock Exchange, the country’s biggest property developer said it has entered into a joint-venture agreement with Anflo Management and Investment Corp. and Mindanao Motors Corp. for the property.

The deal calls for Ayala Land to develop a 3.2-hectare property along C.M. Recto Ave. at the heart of Cagayan de Oro City. The city is a trade and commercial center serving as a transport hub for northern Mindanao and is considered a high-growth area.

The Anflo group is owned by the Davao City-based Floirendo family whose business interests are anchored around its massive banana plantations around Mindanao.

The Cagayan de Oro project marks Ayala Land’s second deal with the family after the similar P3-billion Abreeza mixed-use development was unveiled in Davao City in 2007.

“With Ayala Land’s experience in developing world-class real estate development and the Anflo group’s strong corporate presence in the area, the project is envisioned to be an integrated development that will change Cagayan de Oro’s urban landscape,” the property firm said.

The total initial investment for the project will reach P2.5 billion for the development of the centerpiece shopping mall with approximately 40,000 square meters of gross leasable space.

“The mall will offer basic conveniences addressing the everyday needs of the city, as well as unique dining, entertainment and retail concepts that will serve immediate communities, tourists and transients,” Ayala Land added.

Construction on the site will begin toward the end of this year with completion expected by 2012. The shopping center will eventually be followed by the development of a business process outsourcing-oriented office building and a boutique hotel.

Ayala Land said that both its Cagayan de Oro and Davao City ventures with the Anflo group are consistent with its goal of expanding developing and redeveloping strategic areas within attractive growth centers across the country “in order to deliver additional value for customers and shareholders, while being a strong partner in nation building.”
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Old February 24th, 2010, 04:32 PM   #14
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Tama na @darky sobrang baha na haha

Mahirap magguess kung ano naman ang ipangalan nito, napakaunique kasi ng Ayala magbigay ng names
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Old February 24th, 2010, 04:32 PM   #15
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malalaman natin yan in few months, where did ayala got the name for their malls?
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Old February 24th, 2010, 04:34 PM   #16
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Abreeza, Marque, trinoma? some kind'a Spanish word?
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Old February 24th, 2010, 04:38 PM   #17
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Quote:
Originally Posted by blueguy View Post

Oro Mall?
Parang Orocan.

Baka...

Ari.
Aur.
Altin.
Those are different translations of gold.
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Old February 24th, 2010, 04:39 PM   #18
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kahit sa mga subdivision kakaiba sila magbigay ng name.

Sana yung design nito may pagkatechno, green mall, at may theme ng white water rafting hehe
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Old February 24th, 2010, 04:40 PM   #19
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according to our sources who saw the initial plan, it was named ayala center cagayan de oro. i hope they'll keep the name.
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Old February 24th, 2010, 04:40 PM   #20
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congrats mga bai...sana ma publish na ang rendering soon at ang name ng mall...i think di na sila gumagamit ng "Ayala Center" na name...same went with Marquee and Abreeza before...akala ng karamihan ay Ayala Center ang name but iba pala...unique nga naman kung iba-iba ang name ng mall pero tatak "Ayala"......mahilig ang Ayala sa mga names na nag umpisa with letter "A" ..hehe!

...anong company naman kaya ang anchor dept. store and supermarket
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