SM Megamall - Henry Sy's Biggest Shopping Mall

SM Megamall will soon be tycoon Henry Sy’s biggest shopping mall in terms of gross floor area (GFA) with a P2-billion expansion program that will jack up its GFA by 150,000 square meters to 550,000 sqm by the end of next year. 

This will edge out SM North Edsa in terms of GFA. It will also be bigger than the available retailing space in the upcoming SM Tianjin in mainland China. By land area, SM Megamall is nowhere as big as the sprawling Mall of Asia or SM Tianjin (which has 43 hectares or the size of about three football stadiums) but the vertical development gives it a bigger retail space. The new P2-billion Megamall building, for instance, will have five or six stories and is designed to have an atrium.

Source: Philippine Daily Inquirer

Ayala Land and Rustan's Plan Department Store Chain

Ayala Land Inc. will soon debut into the department store retailing format in partnership with the Rustan’s group by investing in the anchor tenant of a new Ayala shopping center rising in Fairview, Quezon City. This will implement an earlier announced equal joint venture with the Tantoco family’s Specialty Investments Inc. (SII) to pursue opportunities in the Philippine retail sector. 

Fairview Terraces

ALI and Rustan’s are likewise investing in the 24-hour convenience store business under Japanese retailing chain Family Mart, the world’s second-largest convenience store operator.

In a talk with reporters at the sidelines of the Securities and Exchange Commission hearing on foreign capital computation, Ysmael said ALI was now developing a new mall, Fairview Terraces, whose anchor tenant would be a department store co-owned by the Ayala-Rustan’s partnership.

Source: Philippine Daily Inquirer

Centrio Mall Opens in Cagayan De Oro

All roads will lead to Cagayan de Oro City today as Centrio Mall formally opens its doors to the public.

Centrio Mall is a project of Cagayan de Oro Gateway Corporation, a joint venture company between Ayala Land Inc. and the Anflo Group of Companies.