Ayala Land Inc. (ALI) and AboitizLand join together in a new partnership to convert a 17.5-hectare football field into a big project named Gatewalk Central. The project includes residental towers, a mall and a business process outsourcing or BPO hub and has an initial budget of P10 billion for its first stage of the project.
Located at the very heart of the city through three national roads, Gatewalk Central is expected to add more opportunities for the residents of Mandaue City. In a press conference last June 7, 2016, ALI president Bernard Vincent Dy and AboitizLand president Andoni Aboitiz expressed their faith in investing in Mandaue City as one of the economically promising cities right now.
“This has been a very strategic partnership for us as we share a lot of common values in building sustainable communities” shared Aboitiz.
During the construction stage of the undertaking, there is an estimate to be 1,300 jobs available and will rise to 9,000 once completed. The first phase of the project will take hold in the next three to five years which includes the new shopping mall that is set to be open in 2019.
A 20,000 square meter of gross leasable area will be situated above the mall to house a BPO hub which is also scheduled to be completed by 2019. According to Ayala Land Offices head Carol T. Mills in an interview by Sun Star Cebu, several multinational BPO companies have already reached out to express their interest in those spaces. President of Ayala-affiliate Cebu Holdings Inc. Aniceto “Jun” V. Bisnar, Jr. sees this as a probable reason to adjust the masterplan to meet the demands of these companies.
“We (ALI and AboitizLand) have worked together for the concept. When we see opportunities with business groups, (we pursue it) to further create value and bring in more employment,” said Bisnar.