MANILA – Megaworld Corp said Monday it would open a P2.2 billion mall in Iloilo in April, its first full-scale mall in the Visayas.
The three-floor Festival Walk Mall, which covers 90,000 square meters of gross floor area, is located inside the Iloilo Business Park, Megaworld told the stock exchange.
The mall is expected to generate 3,500 jobs in retail, food, transport and mall operations, said Megaworld Lifestyle Malls senior vice president Kevin Tan.
The rising Iloilo Business Park also houses Richmonde Hotel Iloilo, the soon-to-open Marriot Courtyard, BPO offices and residential condominiums, Megaworld said.
Megaworld shares were down 3.23 percent on Monday, compared to a 2.21 percent decline on the main index.