If you remember that the CDO GUIDE made a blog post that there is a “Rumor Ayala Mall Will Rise @ Cagayan de Oro“. It’s now happening to our City of Golden Friendship.

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.
…click here to read more
Popularity: 1% [?]
If you enjoyed this post, feel free to subscribes to our rss feeds






















