NCCC acquires Victoria Plaza

Phptp from: Google maps/Manila Bulletin

(Source: Manila Bulletin | March 12, 2019)

Davao City local pioneering retail player New City Commercial Corporation (NCCC) has acquired Victoria Plaza, the first-ever mall complex in Davao Region.

In a report from Manila Bulletin, NCCC Chairman Helen A. Lim and Malls President Faye A. Lim consummated the deal in a signing ceremony on March 12, at the Philippine National Bank (PNB) Financial Center in Manila. PNB owned the iconic mall before the NCCC acquisition.

According to Lim, it was a historic and strategic acquisition for NCCC. She added that as a Davao City-based firm, it was confident in the city’s participation in the country’s growing economy.

She also said that it will be a privilege for a homegrown company to have the opportunity to develop the property which is very much a part of Davao’s culture.

The NCCC will formally take over the ownership of Victoria Plaza on March 27.

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