Ayala Land Inc. is set to spend P12.7 billion to redevelop three key malls in Cebu—Ayala Center Cebu, Ayala Malls Central Bloc, and Ayala Malls Gatewalk—aiming to strengthen the region’s economic vitality and retail prominence. This investment, part of a broader renovation plan spanning 2025 to 2028, highlights the company’s confidence in Cebu’s growing urban population, rising middle class, and expanding consumer market.
Paul Birkett, Ayala Malls COO, emphasized Cebu’s status as the economic heart of the Visayas, noting the project’s role in elevating retail standards and sustaining long-term regional growth. The redevelopments include positioning Ayala Center Cebu as a premier luxury destination, enhancing Central Bloc’s appeal to young professionals in the IT Park, and launching Ayala Malls Gatewalk in Mandaue—a 17.5-hectare mixed-use estate with entertainment, dining, and creative spaces set to open in late 2026.
Ayala Land describes its malls as vital economic drivers within their communities, blending retail, dining, and entertainment to create dynamic urban hubs that support sustained commercial growth in Cebu and the larger Visayas region.
