Mall turns over spaces to tenants

THE Ayala land Incorporated (ALI) has turned over Wednesday the District North Point Commercial Center to its tenants in Talisay City, an ALI official said.

Maria Rowena Tomeldan, vice president and head of operations and support services of ALI and other officials of the firm attended the Merchant’s Preview of the mall and turned over the spaces to the Manila-based and local retailers.

Tomeldan said the P700-million mall will officially open in February, 2013, adding they have 140 spaces and have leased out 60 to 70 percent.

The mall, according to Tomeldan, has an area of 26,725 square meters (sqm) and has 140 spaces for lease.

A 10 to 15 percent is allotted for local retailers, she said.

Tomeldan also said there are 2,500 jobs which will be generated from the retailers, front liners, and service providers.

Maria Corazon Dizon, vice president and head for business development and strategic planning, who also attended the event, said there are 140 tenants who are set to occupy the mall.

“We are scheduled to open in February next year. As the spaces are turned over to them, they can now start developing the site. Ayala puts up the building and the tenants develop their area and put their merchandize,” Dizon said.

The mall is envisioned to be a destination for residents of the community it serves, entrepreneurs, businessmen and professionals, local and foreign tourists at the facade of a master planned development.

Moreover, basic shopping needs and commodities will be satisfied while offering an assortment of fashion, sports specialty shops, beauty and wellness, Information and Technology (IT), telecom and camera outlets and service oriented establishments.

Meanwhile, Metro Retail President Ed Ponce and Cesar Jose Jesena, vice president for Marketing and Retail Development also attended the Merchants’ Preview.

Ponce said with their location in the district, they will be the best alternative to their competitors.

Ponce said the construction of the 5,000-square meter-hypermarket is going to be a hybrid of a supermarket and a department store. (Carla N. Canet)