LIM-LED Topline Equity Corp., through its real estate subsidiary Vikingland Corp., held the soft opening of the three-story Bay Mall in Liloan, Cebu on June 27 as part of its property portfolio expansion.
Bay Mall is a public-private partnership (PPP) project with the local government of Liloan under a build-operate-transfer scheme, Topline Group said in a statement over the weekend.
Topline Group will operate Bay Mall under a concession period of up to 50 years, consisting of an initial 30-year term and a 20-year renewable period. The mall was constructed on land owned by the municipality of Liloan.
The first two floors of the mall feature Robinsons Supermarket, along with food stations, specialty kiosks, wellness centers, clothing stores, and financial service providers.
The third floor houses a 1,000-seat business process outsourcing (BPO) facility, said to be the first of its kind in Northern Cebu.
“Bay Mall, the new landmark in Northern Cebu, is a symbol of what progressive partnerships between the public and private sector can achieve. This is expected to generate jobs, drive consumption, and stimulate the local economy, adding revenue streams to the local government,” Topline Group Chairman and Chief Executive Officer Eugene Erik C. Lapasaran Lim said.
To improve accessibility to Bay Mall, Topline Group is offering a free shuttle service from its smart port at Pier 88. The five-minute ride serves travelers bound for and arriving from Northern Cebu, the Camotes Islands, Ormoc City, and soon, Villaba in Leyte.
“With the proximity to Pier 88, Bay Mall adds a seamless retail, dining, and service experience for tourists and locals alike. It’s a lifestyle hub built to connect, engage, and grow with the community,” Mr. Lim said.
With more than 200 subdivisions and residential communities and a rapidly growing business sector, Liloan is emerging as a strategic commercial hub in Cebu.
Topline Group is the ultimate parent of listed fuel retailer Top Line Business Development Corp. The conglomerate has interests in energy, fuel, real estate, technology development, port and ferry terminal operations, passenger ferry services, and restaurant operations.
Vikingland is involved in real estate development, land use projects, and property and asset management. — Revin Mikhael Ochave
