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Friday, July 27, 2012

Stock News 2012: Galleria Cebu will be biggest outside Manila by Robinsons

English: Aerial view of Mactan Island and Lapu...English: Aerial view of Mactan Island and Lapu-Lapu City, with Cebu in the background (Photo credit: Wikipedia)
Robinsons Galleria Cebu, the group’s 38th mall, is targeted for completion and opening in 2014. The seven-story commercial building will rise on a 4.6 hectare lot along Gen. Maxilom Ave. and will have a gross floor area of about 156,000 square meters.

On the same site will rise the first Cebu branch of the group’s budget hotel gohotel.ph, which will offer 153 rooms. Three floors are dedicated for BPO space with over 9,000 square meters of leasable space.

The retail component, on the other hand, will have a gross leasable area of 56,000 sqm spread on four levels.

RLC president Frederick D. Go said the company is ramping up investments in Cebu, which is experiencing robust economic growth and a booming tourism sector.

Robinsons Galleria Cebu will be RLC’s third mall in Cebu after Robinsons Fuente and Robinsons Cybergate Cebu, which is a mixed-use mall and office development also in the Fuente Osmeña area.

The company currently operates the newly renovated and improved Summit Circle Hotel in Fuente Osmeña Circle. The group will soon have three hotels in Cebu, including the Summit Shores Resort hotel which will be part of the upscale Amisa residential development on Mactan Island.

RLC is also building the Azalea Residences, a residential development in Gorordo Ave.

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=831540

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