Corporate News

Ayala Land opens new shopping mall in Cagayan de Oro

Posted on November 12, 2012

CAGAYAN DE ORO -- Local consumers and those from neighboring provinces flocked at Centrio Mall last Friday as it opened its doors to the public.

AYALA LAND, Inc. hopes to replicate its success in Makati City with the opening of the Centrio Mall In Cagayan de Oro.
“This is a subset of what we have already done in Makati as we wanted to put Cagayan de Oro more prominent among the cities in Mindanao,� said Antonino T. Aquino, president of Ayala Land, Inc., during a press briefing. Centrio is a joint venture of Ayala Land and the Davao City-based Anflo Management and Investment Corp. (Anflocor).

Mr. Aquino said the city has great potential and is one of the two cities the company is giving more focus in Mindanao, aside from Davao, where the same partnership launched the upscale Abreeza Mall two years ago.

“We wanted to be part of the solution to promote economic progress,� Mr. Aquino added.

The Centrio Mall is a proof that economic progress is possible without putting the environment at risk as shown on its contemporary and unique structure, the company said in a statement.

Mr. Aquino said what makes Centrio Mall unique among all other shopping malls in the city is the preservation of old acacia trees that accentuated its landscaping and thus providing its patrons with a relaxing environment.

The management, the Ayala Land official said, also values the conservation of local culture and believes that the city has an excellent potential in tourism. “With so many positive elements in the city, we would like to encourage tourist-oriented facilities to come here,� Mr. Aquino said.

The mall is now home to over 300 establishments composed of the retail brands that have their roots in Cagayan de Oro, as well as foreign and home-grown dining concepts.

The Rustan’s fresh supermarket, which is set to open before the end of the month, is something that every Kagay-anon should look forward to as it would then be the first in Mindanao, the company official said.

Centrio Mall is located at the old Anflocor site on the national highway between the LimketKai shopping complex and Gaisano shopping mall.

It is a 3.7-hectare mixed-use, master-planned commercial community consisting of the shopping mall, an urban lifestyle hotel, residential condominiums, and an office development.

The shopping mall has 44,000 square meters of leasable space.

Known as the gateway to Northern Mindanao, Cagayan de Oro is a major Mindanao destination among local and foreign tourists.

The city is also accessible to some of the most popular tourism sites.

About an hour-and-half ride from the city proper, one can zoom through lush greenery and breathtaking views and adventures at the Dahilayan Adventure Park in Bukidnon.

Forest fringed Camiguin island is also just a three-hour ferry-ride from the city port. Mayor Vicente Y. Emano said he is grateful to the people behind Centrio for putting its trust to the city as it does not only mean more investments but more jobs as well. -- Rochie Lou A. Embodo