Ayala Land launches P8-B mixed-use development in Cebu

ABS-CBN News

Posted at Mar 25 2015 01:21 PM | Updated as of Mar 25 2015 09:25 PM

Ayala Land's Central Bloc will rise in the center of Cebu IT Park.

MANILA, Philippines - Ayala Land Inc. is building a new P8-billion integrated mixed-use development in Cebu City.

ALI recently broke ground for Central Bloc, a 2.2 hectare development in Cebu IT Park. Central Bloc will have office, retail, and hotel components.

Bobby Dy, Ayala Land President and CEO, said Cebu City was the first area outside of Metro Manila where ALI started developing mixed-use projects.

"It highlights our commitment to support Cebu City. We envision Central Bloc to be a refreshing hub where business and leisure converge," he said.

Ayala Malls Central Bloc will have approximately 43,000 sqm. of gross leasable area, and is scheduled to open in the first quarter of 2018.

Central Bloc will connect to The Walk with a landscaped open area with dining and retail spaces.

ALI is also opening a Seda Hotel in Central Bloc. The 12-storey hotel, which will have 214 rooms, is expected to open by the third quarter of 2018.

It will also be the first Seda hotel to cater to long-staying guests with its 58 apartment suites.

ALI said it will also build two BPO office towers. Upon completion in 2019, the two buildings are expected to generate about 14,000 jobs in the BPO sector.