Ayala, Aboitize to Start 15-ha City Center in Cebu

The Ayala and Aboitiz groups have signed a deal to develop a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu, solidifying their partnership in the property business.

Targeted for launching by 2015, the new city center, which is within the vicinity of Cebu’s main business district, will feature innovative residential developments and commercial spaces with retail and office components, a joint statement from the Ayala and Aboitiz groups said.

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Source: Philippine Daily Inquirer

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