Ayala Center Cebu


Mall Hours:

Sunday to Thursday
10:00AM to 09:00PM

Friday to Saturday
10:00AM to 10:00PM

Hotline: (032) 516-3025

Cebu Holdings Inc. and its parent company Ayala Land Inc. (ALI) are set to pour in investments of P6 billion in fresh capitalization each year, or approximately P18 billion for the next three years.

These would fund existing projects here, including the construction of additional commercial and residential buildings at the Cebu Park District as well as the Cebu IT Park, both formerly known as the Cebu Business Park and the Cebu Asiatown IT Park.

“The additional capitalization does not include the P20 billion previously committed for Cebu. CHI and ALI remain bullish in Cebu’s property market. We want to increase our level of investments because Cebu’s economy is growing tremendously,” said ALI President and CHI Chairman Antonino Aquino.

He was inter viewed following CHI’s 2013 Integrated Annual and Sustainability Report or the annual stockholders’ meeting at Cebu City Marriott Hotel yesterday.

Francis Monera, CHI president, in his report noted the company ended 2013 with a “record-high” net income of P501.1 million, 13 percent higher than in 2012. Consolidated revenues stood at P2.2 bilion, a 33 percent increase from the previous year.

“We had earlier developed a strategy to increase our leasing portfolio, which is now starting to pay off wherein half of the revenues generated last year were from the leasing business,” Monera said.

Citing company records, Monera said CHI’s total gross leasing area is at 165,000 square meters, which includes the Ayala Center Cebu Mall, ACC Corporate Center and the BPI Cebu Corporate Center.

The City Sports Club Cebu, which was newly renovated last year contributed P2.8 million in sales of shares. In addition, the Cebu City Marriott Hotel contributed P12.9 million in revenue to the company.

On the residential side, CHI continues to partner with Ayala Land subsidiaries to expand its range of offerings.

Construction of 1016 Residences and Park Point Residences under the Ayala Land Premier brand, and Alveo’s Sedona Parc and the first Solinea tower are well underway.

The Avida Towers Cebu is also set for turnover within the year.

With the continuing take-up of units, CHI launched last year the second tower of Alveo’s Solinea and the second tower of Avida Towers Riala.

Last December, CHI also introduced its affordable residential brand AmaiaLand, a mixed-use mid-rise development in Mandaue City, Cebu.

Monera said these residential brands bring in a total of 3,932 units upon completion, “making the company the biggest real estate group offering the most number of units across a wide range of market segments in Cebu.”

Meanwhile, Aquino said plans are underway for the company’s two separate joint venture projects in Mandaue City and Mactan, Cebu to create new mixed-use, masterplanned communities.

In Mactan, CHI entered into a joint venture agreement with Taft Property Venture Development Corp. for a 12-hectare development that will have residential, retail and hotel components.

In Mandaue City, CHI partnered with Aboitizland Inc. for a 15-hectare development envisioned to become another IT-district.

“We are confident Cebu can still host another business district as it has an economy large enough for another city district development,” Aquino said.

CHI is the developer of Cebu Business Park.

Its subsidiary Cebu Property Ventures Development Corp., on the other hand, is the developer of Cebu IT Park.

These two business districts form Cebu Park District, Ayala’s biggest development outside Luzon.
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AT LEAST six people were injured when portions of the ceiling of Cinema 5 at the new annex of the Ayala Center Cebu in Cebu City collapsed at 8:50 p.m. yesterday (Monday).

Dreamscape Networks, a business process outsourcing company, rented the whole Cinema 5 for the launch of its new ad campaign. Several foreign visitors, apart from its more than 300 employees, were among those at the event.

A video posted on Facebook by restaurateur and Sun.Star Weekend columnist Alexis Yap showed the moviegoers leaving the cinema in a calm and orderly fashion, while water poured from a portion of the ceiling. Then, portions of the ceiling collapsed.

Lawyer Jeanette Japzon, Cebu Holdings Inc. corporate communications manager, said the victims sustained cuts and various injuries.

"They were rushed to a nearby private hospital," Japzon said in a phone interview.

"Part of the ceiling that fell at Cinema 5 was the 'acoustic' ceiling. We are yet to investigate the cause of the incident. As of the moment, our priority is to ensure the safety of those who were present," she said.

Japzon also said they are looking into what caused the ceiling to collapse.

PO1 Rayme Veraque of Cebu City Police Station 4 in Barangay Mabolo told Sun.Star Cebu that if not for a media worker who informed them of the incident at 9:10 p.m., the police would not have known about the accident.

“Naa ra mi diri sa gawas sa Cinema 5, wala mi kasulod kay so far, wala pa’y mo-cooperate namo dinhi (We’re still outside of Cinema 5, and we haven’t been allowed inside for now),” Veraque said around 10:45 p.m.

A few minutes after the incident, some of the employees went home, he added.

Cebu City Councilor Dave Tumulak said that rescuers from Cebu City Emergency Medical Services (EMS) were initially barred by the security personnel from entering the establishment.

"Dugay kaayo mi nakasulod. Medyo nalangay gayud kay kahinanglan pa og clearance. (It took us a while before we were granted entry. We needed clearance from the management)," Tumulak said.

Tumulak said the water that poured out of the ceiling was accumulated from the air conditioning system of the mall.

He also said that the Cebu City Disaster Risk Reduction Management Council (CCDRRMC) will ask the Office of the Building Official (OBO) to investigate the matter because there might be lapses in the mall's maintenance engineering.


Based on their initial assessment, Tumulak said it was not just a usual problem of the pipe connection that's why OBO's intervention is needed.

Tumulak added that the Cebu City Government will send a team to coordinate with the management of Ayala Center Cebu to inspect the air conditioning system and the structural design of the establishment.
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Ayala Mall Cebu has been going through a major upgrade in the last few days if you haven't noticed and when the basics are done today we will start working on the store maps which will be mobile friendly. ... See MoreSee Less

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Cinema 1D
Cast: Logan Lerman, Alexandra Daddario, Brandon T. Jackson & Nathan Fillion
Percy Jackson, the son of Poseidon, continues his epic journey to fulfill his destiny, as he teams with his demigod friends to retrieve the Golden Fleece, which has the power to save their home and training ground, Camp Half-Blood.
Rating: PG
Price: 180

Aug 10, 2013
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7:25 PM *
9:35 PM *
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