Metro Retail to build commercial center in Catbalogan


Posted at Feb 19 2019 12:33 PM | Updated as of Feb 19 2019 12:34 PM

MANILA - Metro Retail Stores Group said Tuesday it would develop and operate a commercial complex in Catbalogan under a joint venture agreement with the Samar provincial government.

The P472-million project calls for the construction of a department store and supermarket with 1 movie theater, leasable spaces, convention center, government center, business process outsourcing center, transport terminal and a hotel, Metro Retail told the stock exchange.

Construction of the department store and supermarket is expected to be completed 18 to 24 months from turn-over of property while the convention center is expected to be completed in 8 months, the company said. 

Metro Retail said it would turn over the ownership of the department store and supermarket to the province after 30 years.