NEWS

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Seda Central Bloc Cebu opens

Monday March 9, 2020

Ayala Land’s homegrown hotel brand Seda opened its second property in Cebu City that is expected to cater to the growing demand of business and travelers in Cebu. The Seda Central Bloc Cebu, a 214-room hotel, is a retail, office, and residential tower  located at the Ayala Malls Central Bloc right at the heart of the Cebu IT Park. According to Seda’s senior group manager Andrea Mastellon, the new hotel will cater to the business process management (BPM) managers, including young professionals who will be staying long-term, and the broader market of leisure travelers in the city. Seda Central Bloc’s serviced residences will cater to the BPM, while its hotel rooms are targeted for the leisure travelers. Units inside the Seda Central Bloc Cebu will have an area of 28 square meters, while its studio to three-bedroom units have an area of 30 square meters to 90 square meters. (CEBU DAILY NEWS)  

Ayala Central Bloc opens today

Friday December 6, 2019

Ayala Malls Central Bloc opens today with majority of its tenants to welcome the Christmas shopping season. The five-storey shopping mall, located at the heart of Cebu IT Park in Lahug is Ayala’s fifth regional mall in Visayas and Mindanao, and the second for Cebu. The mall is integrated within a building with a hotel (Seda Hotel) and spaces ready for BPO offices. It features four specialty zones: “Food Choices”, “Trading Bloc”, “Wellness”, and “Service Avenue”, a Chapel. It has four cinemas, an indoor and outdoor activity center, and the outdoor “Corte Garden”, and a Trading Bloc which houses start-up and homegrown retailers, and other fresh and new shopping experience features. “There’s a lot of things to expect in our new mall. We have a lot of specialty stores opening, as well as homegrown brands. We are targeting a different market here so the tenant mix is carefully chosen,” said Ayala Malls Visayas and Mindanao operations head Clavel Tongco in an earlier interview. Because the mall is catering to different market set-up, its operation schedule is from 11 in the morning to 11 in the evening. The Central Bloc development will have 45,000 square meters of retail gross leasable area (GLA) and an office GLA of 72,000 sq.m. Central Bloc is developed by Central Bloc Developers, Inc., which will also give rise to two new BPO office towers within the area. (THE FREEMAN)

Ayala Malls Central Bloc opens Friday

Thursday December 5, 2019

A new shopping experience will be available as the P4.6-billion Ayala Malls Central Bloc opens its doors on Friday, December 6. Cebu’s newest shopping mall is part of the Ayala Central Bloc, the 3-hectare superblock that also includes a hotel and two office buildings for business process outsourcing companies. It is owned by the Central Block Developers Inc., which is jointly owned by Cebu Holdings Inc. (55 percent) and Ayala Land Inc. (45 percent). The mall, which has a gross area of 45,000 square meters, has four levels of shops that feature both local and foreign brands. The total investment for the entire development reached P9.5 billion. What makes it different from other shopping malls is the Trading Bloc, which provides physical space for online sellers. Janra Montilla, marketing associate manager for AyalaLand Malls Inc., said that the Trading Bloc, located at the mall’s second level, would offer spaces to online sellers. The Trading Bloc would provide online and startup sellers the opportunity to market their products at a physical store, Montilla said. About 70 merchants have contracted to occupy the bazaar-like spaces of minimum 12-square-meter space for one year. The mall has around 300 tenants, 100 of these located at carts and kiosks, Montilla said. The shops on the ground floor will feature comfortable and stylish fashion options. At the second floor, shoppers can find more fashion options as well as specialty shops. The third floor shops offer products for basic needs and for hobbies. The shops at the fourth floor would showcase the latest trends in digital world. Two major mobile phone brands would open their first concept store in Cebu, said Montilla. Food Choices is also located at the 4th level. The mall has four cinemas, one of which has reclining chairs, located at the fifth level. Mall hours will be from 11 a.m. to 11 p.m. but food outlets at the periphery has the option to open 24 hours. Meanwhile, Seda Hotel would open January next year.  One of the two office towers is scheduled to open this month or January 2020 while the second office tower is projected to open by the second or third quarter in 2020. (CEBU DAILY NEWS)

Cebu Holdings addresses market need with shared living spaces–The Flats

Friday October 4, 2019

The developer of Cebu Business Park and Cebu I.T. Park, Cebu Holdings Inc. (CHI), has started the construction of its latest market-driven product, The Flats, to address the growing demand for shared living spaces in the city. The project, which caters to working professionals and the millennial consumer segment, will open in Cebu Business Park and Cebu I.T. Park in 2021. The Flats serves those who want to live closer to where they work, avoiding long commutes to free up more time to recharge and enjoy life which is a growing concern for many Cebuanos. The Flats in Cebu I.T Park will rise along JM Del Mar St. and will have 455 units. It will be a short walk away from Central Bloc, the latest Ayala Mall which will be opening in the last quarter of this year. The Flats in Cebu Business Park, on the other hand, is located along Mactan Road and will have 397 units. Both projects offer well designed co-living units that can accommodate a maximum of four tenants. Each unit offers innovative storage solutions and a private bathroom giving tenants the privacy they need while living with others. Support areas for basic retail amenities such as laundry shops and convenience stores will also be made available. The Flats was initially launched by CHI parent company Ayala Land in the Makati Central Business District and Bonifacio Global City. Committed to building sustainable communities, the Flats is a purposeful approach to address the growing needs of the new generation. It is now envisioned to complement the diverse residential and commercial developments in the two most progressive districts of Cebu.  

Ayala-led CHI intensifies efforts against climate change

Monday July 15, 2019

Cebu Holdings, Inc. (CHI), a subsidiary of Ayala Land, intensifies its efforts to help environmental protection by enhancing the carbon forest in the upland barangays of Cebu City. With the growing threat of climate change as now experienced through extreme weather conditions, scarcity of potable water, and poor food production, among many effects, it is imperative that steps be taken to address this global concern. As a property developer, CHI strives to minimize its impacts on the environment by managing resource use and emissions, solid waste and wastewater management, and integrating green spaces within its developments. One of CHI’s most significant environmental initiatives is the management of the 65-hectare Ayala Land Carbon Forest and Biodiversity Reserve, which is part of Central Cebu Protected Landscape. This property is one of Ayala Land’s five participating carbon forest sites in the country, with a total of 450 hectares.  This project is in line with Ayala Land’s aggressive target to offset the carbon emissions of its commercial properties by 2022. Since 1998, this area in upland Cebu City has been preserved as a forest initially through the Ayala Foundation, Inc. and CHI and Ayala Land’s tree planting activities. CHI has made an inventory of over 3,000 mature trees of 67 different species, and more than 8,000 young trees in the carbon forest. Another 23,212 wildlings have been staked for brushing and ring weeding. “As a developer, we see the importance of investing time and resources to help conserve and protect the environment – especially of the communities where we operate,” Jun Bisnar, president of CHI and CEO of Ayala Land Vismin said. Among the activities the company has conducted in partnership with Soil and Water Conservation Foundation (SWCF) are assisted natural regeneration (ANR), enrichment planting, grass growth suppression, planting of bamboo as bio fence and soil erosion control, and community awareness training on carbon forest management. “Part of the carbon sink area focus will be to bring many other native species that can be found so eventually a large arboretum can be developed both for observation of specimen trees as well as potential seed sources in the future,” explained William Granert, executive director of SWCF. Since 2018, 4,998 new trees of 45 different species have been planted so far by CHI and Ayala employees and other civic and private volunteers. The 65-hectare area today absorbs an equivalent of 16,763 tonnes of carbon dioxide. The continuous tree-planting program seeks to address the shortage of water in Cebu by encouraging rainfall retention and absorption for acquifers underneath the ground. “Covering the property with forest will assist in the generation of water for the Kotkot River and will improve the local biodiversity while helping to neutralize the carbon footprint of Ayala Land through carbon sequestration,” Granert added. The Ayala Land Carbon Forest and Biodiversity Reserve is open to institutional partnerships for environmental education. It is the closest place to see the ANR and rainforestation technologies as well as observe Dipterocarp trees (commonly called Lawaan species). A watershed tour stop at the Ayala Land Carbon Forest and Biodiversity Reserve will further allow visitors to learn more about carbon sinks and how they can help address climate change at the local level. Part of the property outside of the carbon forest also serves as a stop for those traversing the Transcentral Highway. Called Upland Greens, fresh produce and local delicacies are sold here by locals. CHI, being a subsidiary of Ayala Land, has been measuring its resource use and greenhouse gas emissions, among other environmental, social and governance metrics.  This project will serve as a contribution to parent company’s goal of carbon neutrality by 2022. “The carbon sink reserve should serve as a model to other private land owners on how to restore selected parts of their lands to strengthen the balance between forest and non-forest use,” Granert said. As Cebu’s largest full-line property developer, believes that there should be a fundamental shift in business towards more sustainable practices. Having subscribed to the Global Reporting Initiative for the last seven years, measuring, managing and reporting topics that are material to the economic, environmental and social aspects of its operations, the company believes that this shift is not only doable – it presents a strong business case as well. CHI at 30: Inspire. Innovate. Integrate. Cebu Holdings, Inc. (CHI), an Ayala Land subsidiary, celebrates thirty years of inspiring, innovating and integrating with the communities where it operates. CHI is the developer of Cebu Business Park, Cebu I.T. Park, and Ayala Center Cebu. The company is also currently developing two new estates – Gatewalk Central in Mandaue City and Seagrove in Lapu-Lapu City.

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