Cathay Land, Inc., together with the British outlet mall specialist developer and operator Freeport Retail, shall build a P2.5 billion-worth Outlet mall called Acienda Designer Outlet to be located in Tagaytay.
Jeffrey Ng, Cathay Land president, said the Outlet mall is being constructed on a 20-hectare property only 10-minutes drive away from the City Rotunda along Km 48 Aguinaldo Highway.
“Partners can expect their units to be turned over for fit-out starting this March and full opening on August 2 this year,” Ng said.
The Philippine’s first ever pure Outlet mall shall include designer brands in four various sections: Italian, French, New England and Spanish. A French-style food & beverage section, theatrical lighting, water features and live performances are also planned for the leisure of the mallgoers.
“With the construction of the Cavite-Laguna Expressway in full blast… our Acienda Designer Outlet will only be 30 minutes away from NAIA and the Entertainment City. Thus, now is the right time to introduce a world-class Outlet experience to Manilans and the nearby provinces,” he added. “We expect that phenomenal growth of world class outlet malls to be duplicated here in the Philippines mainly due to rising incomes locally, remittances from abroad and tourist arrivals that will hit 10 million a year in the next few years.”
Source: Manila Bulletin
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