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DoubleDragon to build 2nd mall in Cebu

ABS-CBNnews.com | Posted at 06/09/2014 9:53 AM | Updated as of 06/09/2014 9:53 AM

MANILA, Philippines - DoubleDragon Properties, a company owned by Jollibee Foods owner Tony Tan Caktiong and Mang Inasal founder Edgar "Injap" Sia II, is planning to build a second shopping mall in Cebu.

In a disclosure, DoubleDragon said its subsidiary CityMall Commercial Centers Inc. has signed a 30-year long-term lease agreement with Dunes and Eagle Land Development Corp. for a prime commercial lot along N. Bacalso Avenue in downtown Cebu.

A Grand CityMall will be built on the 1.1 hectare property, which is located between the EMall Cebu and the Cebu South Bus Terminal. It is also across the Librando Transit Terminal, and a few meters away from the soon-to-rise Cebu City Medical Center Hospital.

"The site is within the vicinity of Colon in downtown Cebu area, a vibrant and highly-populated shopping and business district," DoubleDragon said.

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This is unfair to the gaisanos . Why a thread for a community mall in Cebu city lol?
 

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Dili kaayo worthy e highlight ni na project kay same ra man nig magnitude sa mga existing Gaisano's sprouting all over CEBU..

But since, morag in terms of area kay either same ra or mas dako pa sa E-Mall, then probably this will live up to the plan na this will not just be a simple City Mall but a Grand one....

I wonder, why E-mall did not push through negotiating this property for its expansion so now they will have to contend with a direct competition on the same market target right on their own backyard... Good luck E-Mall ..tsk tsk.. :eek:hno:
 
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