MANILA, March 25 (PNA) — Property giant Ayala Land, Inc. (ALI) has broken ground on the Php8-billion integrated mixed-use development in Cebu City.
The 2.2-hectare project, Central Bloc, will be composed of office, retail and hotel components, all at the center of Cebu Information Technology (IT) Park.
Company president and chief executive officer Bobby Dy noted that Cebu City was the first area outside of Metro Manila where Ayala Land started developing mixed-use projects.
“It highlights our commitment to support Cebu City. We envision Central Bloc to be a refreshing hub where business and leisure converge,” Dy said.
The mall, with about 43,000 square meters of gross leasable area (GLA), is also set to open in the first quarter of 2018.
Moreover, Seda, which won “Philippines Leading Hotel Group” in the 2014 World Travel Awards, will open by third quarter of 2018.
The 12-storey hotel will have 214 rooms and will feature a roof deck bar. It will also be the first Seda hotel to cater to long-staying guests with its 58 apartment suites.
Two business process outsourcing (BPO) office towers will also be part of the development, designed for 24/7 operations. Upon completion in 2019, the two buildings are expected to generate about 14,000 jobs in the BPO sector. (PNA)