Tag Archives: Mixed-use development

Japan’s oldest Department Store to open in BGC

(Source: Esquiremag.ph | November 21, 2018) As part of the development of the Grand Central Park in BGC, Filipinos can now experience an authentic Japanese shopping at Japan’s oldest surviving department store. Here are some things you need to know about this highly-anticipated destination based on Eaquire Magazine: Mitsukoshi Mall is a Japanese retail giant. Mitsukoshi is the oldest surviving ...

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Araneta group spending P6.5 billion for Gateway Mall 2, hotel in Cubao

(Source: Business Mirror | August 1, 2018) The Araneta Group is spending P6.5 billion for the expansion of its Gateway shopping mall in Cubao, Quezon City, and for the 300-room hotel in one of the country’s first mixed-use properties. Antonio T. Mardo, Araneta Center Inc.’s senior vice president for operations, said the group will spend about P5 billion for the ...

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Filinvest Land ready to boost leasing base

(Source: Manila Standard | April 23, 2018) Filinvest Land Inc., the property unit of the Gotianun Group, has set a medium term target of 1.5 million square meters in leasing portfolio that contribute 50 percent of the company’s net income by 2022. FLI said in an annual report it would aggressively roll out new offices and shopping malls across its ...

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Brand-new Greenhills mall to rise in 2021

(Source: Inquirer.net | April 11, 2018) Upscale property developer Ortigas & Co. has broken ground for a new regional mall that will rise in Greenhills shopping complex by 2021, becoming the centerpiece of the prime mixed-use estate which is undergoing a P60-billion redevelopment. Ortigas is investing P6.3 billion for the new seven-storey shopping mall, which will feature over 150 global ...

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Araneta group tops off 2nd office tower in Cyberpark

(Source: Business Mirror |  March 19, 2018) Araneta Center Inc., the operator of one of the country’s first mixed-use property in Cubao in Quezon City, has topped off its 31-story office tower that will cater mostly to business-process outsourcing (BPO) sector. Cyberpark 2, a Philippine Economic Zone Authority (Peza)-registered facility will be completed by July this year and is the ...

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P50 billion earmarked for Ortigas East property development

(Source: Rappler.com | March 14, 2018) Land developer Ortigas & Company announced plans to redevelop its Frontera Verde property along Ortigas Avenue and Julia Vargas Avenue into a new estate which it envisions as a natural extension to the Ortigas Central Business District base. The 16-hectare estate, now renamed Ortigas East, will have residential and commercial components. Ortigas & Company ...

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E-commerce not the only cause of death for Canadian malls

(Source: Philippine Canadian Inquirer | March 12, 2018) Malls were once a go-to shopping destination and a teenager’s hang-out of choice, but now face an uncertain future as some of their biggest tenants lay off employees, file for creditor protection or hang a “closed” sign in the window and leave for good. Beleaguered retailers have been quick to blame online ...

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Central Group pegs $6 billion for expansion

(Source: Inside Retail Asia | March 6, 2018) Thailand’s Central Group plans to invest more than THB200 billion (US$6.3 billion) over the next five years on expanding its retail and hotel properties in Thailand and abroad. It is especially targeting Vietnam, where it expects its retail business to grow by four times over the period. The group aims for total ...

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FLI’s mixed-use property in Makati bags SEA award

(Source: Business Mirror | February 15, 2018) Property developer Filinvest Land Inc. (FLI) said its mixed-use development in Makati has been recognized as the best investment property in Southeast Asia. “The time for ‘100 West’ has come when property and investment experts are seeing its vision and potential,” Janette Cordero, FLI’s first vice president for Metro Manila mixed-use projects, said ...

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Ayala Land net income up 21% in 2017

(Source: Rappler | February 14, 2018) Ayala Land Incorporated (ALI), the property development arm of the Ayala Group, saw its bottom line rise on the completion of projects and growth from its leasing segment. ALI reported a full-year 2017 net income of P25.3 billion in 2017, in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, February 14. The ...

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