Parkmall soft opens with F&B tenants, Savemore outlet
The Freeman
Tuesday, June 3, 2008
Parkmall, Cebu’s newest park and shop mall development, recently soft opened with the operation of its first food and beverage tenants and the opening of its Savemore outlet.
James Co, Parkmall's Managing Director said that aside from their newly opened Savemore outlet which occupied almost two-thirds of Parkmall's ground floor, other locators such as Iloilo food chain Mang Inasal, Manila Foodshoppe, Coco Saloon, Manila-based Pier 1 and two banks, Banco de Oro (BDO) and Metrobank, will soon be opening in the area.
Co also announced that they have completed the construction of their second floor, which has been eyed by a call center operator, as well as the floor designated for electronic products and complete IT equipments.
He projected that before August at around early or mid July the mall would already be ready for occupancy.
Its al fresco area is now ready for occupancy while the area for start up ventures will be ready on the first week of August.
Co stressed that they are expecting to accommodate fine cuisine restaurants, offices and a tourists center in their first few months of operations. He added that their area allocated for start up ventures will be ready by the first week of August.
"We have not yet fully advertised the concept because we first want to give our tenants the physical attributes or the building first before we sell out the spaces," he said.
At the moment, Parkmall's administration is planning to coordinate with the local government unit of Mandaue City to open jeepney routes along the Mandaue Reclamation area to provide customers ease and convenience in their shopping.
Co noted that the city of Mandaue is interested on opening new jeepney routes and their proposal to allocate a new terminal hub that will decongest the North Bus Terminal nearby.
The proposed terminal measures about 5,000 square meters and will accommodate different motor vehicles such as V-hires, mini buses, jeepneys, and taxis. It will be located at the back of the mall and right now Co said that several v-hire and jeepney groups have been proposing interests to operate in the area.
Very much near its completion stage, Co revealed that their company have already shelled out more than P500 million investments for the initial phase of their development.
"Profitability is just our second priority at the moment we want to do everything for our customers and tenants first," Co said. —Rhia de Pablo
Showing posts with label press release. Show all posts
Showing posts with label press release. Show all posts
SM eyes more Savemore Branches in Cebu
SM eyes more Savemore branches in Cebu
By Irene Sino Cruz
Visayas Bureau
First Posted 22:26:00 06/02/2008
CEBU CITY, Philippines -- The SM Supermarket will be investing millions of pesos in more Savemore supermarket branches in Cebu.
SM Supermarket president Herbert Sy, first executive vice president of SM Investments Corp. and head of food retail division of the SM group, said they have been planning to open more Savemore branches but he would not say where yet.
Sy was in Cebu on Friday for the inauguration of the third Savemore supermarket branch here.
He said they usually invested about P100 million for a Savemore Supermarket branch, adding that a decision on the location of future branches would be made based on market requirement. "We would like to bring it closer to the market," he added.
Sy maintained that the decision to open another Savemore branch was based on the reception they have been getting from the community. "The feeling that we have, we are welcomed by Cebu community," Sy said.
He also said that their supermarket operations helped the local economy as they created business for local suppliers, especially in the fresh food sections.
However, Sy explained that they have also been getting their vegetable requirements from other areas since the produce in Cebu could not meet the demand in the supermarkets.
He also disclosed that a Cebu-based company supplied the bottled water products sold under the SM brand.
Sy explained that there would be no competition among the company's various supermarkets in Cebu although these were located near each other.
The newly opened Savemore supermarket branch is located in Parkmall in Mandaue City, which is near a Makro branch, also in Mandaue City, and the SM supermarket in North Reclamation Area, Cebu City.
He said the SM Supervalue Inc. has been managing supermarket operations, including those in SM malls and Pilipinas Makro branches.
Sy explained that the Savemore, Makro and the supermarkets in the mall served different market segments so they did not expect any negative impact on sales of outlets located near each other.
The new Savemore Supermarket branch was so far the biggest, with its 4,500-square meter selling area, Sy said.
By Irene Sino Cruz
Visayas Bureau
First Posted 22:26:00 06/02/2008
CEBU CITY, Philippines -- The SM Supermarket will be investing millions of pesos in more Savemore supermarket branches in Cebu.
SM Supermarket president Herbert Sy, first executive vice president of SM Investments Corp. and head of food retail division of the SM group, said they have been planning to open more Savemore branches but he would not say where yet.
Sy was in Cebu on Friday for the inauguration of the third Savemore supermarket branch here.
He said they usually invested about P100 million for a Savemore Supermarket branch, adding that a decision on the location of future branches would be made based on market requirement. "We would like to bring it closer to the market," he added.
Sy maintained that the decision to open another Savemore branch was based on the reception they have been getting from the community. "The feeling that we have, we are welcomed by Cebu community," Sy said.
He also said that their supermarket operations helped the local economy as they created business for local suppliers, especially in the fresh food sections.
However, Sy explained that they have also been getting their vegetable requirements from other areas since the produce in Cebu could not meet the demand in the supermarkets.
He also disclosed that a Cebu-based company supplied the bottled water products sold under the SM brand.
Sy explained that there would be no competition among the company's various supermarkets in Cebu although these were located near each other.
The newly opened Savemore supermarket branch is located in Parkmall in Mandaue City, which is near a Makro branch, also in Mandaue City, and the SM supermarket in North Reclamation Area, Cebu City.
He said the SM Supervalue Inc. has been managing supermarket operations, including those in SM malls and Pilipinas Makro branches.
Sy explained that the Savemore, Makro and the supermarkets in the mall served different market segments so they did not expect any negative impact on sales of outlets located near each other.
The new Savemore Supermarket branch was so far the biggest, with its 4,500-square meter selling area, Sy said.
Labels:
press release,
savemore,
shops
SaveMore Supermarket Opens at Parkmall
Supermarket opens
Sun.Star Cebu <> Monday, June 02, 2008
BY NANCY R. CUDIS, Sun.Star Staff Reporter
THE third and biggest SaveMore branch in Cebu opened last Friday, with the “park-and-shop” market segment as main target.
The supermarket, with its more than 200 workers coming from the local community, is located at the ground floor of Parkmall@168 (Parkmall) at the Mandaue City reclamation area.
SaveMore at Parkmall, a supermarket brand under the SM Supervalue Group, covers a total area of about 6,000 square meters. Of the total area, only 4,500 square meters are occupied by retail operations.
“This (supermarket) is for the park-and-shop customers. They park here, shop, and then go,” said SM Supermarket president Herbert Sy.
Sy explained that the three SM Supermarket brands—Makro, SM Supermarket and SaveMore—cater to different market segments.
“Makro is for the catering (businesses). The supermarket in SM (City Cebu) caters to people going to malls (regularly),” he said. SaveMore focuses on addressing the needs of households with budgetary restrictions, he added.
Sy said the company has “high hopes” for Cebu, which he describes as a “good market.” “We (feel) welcome (in) Cebu,” he added.
He said the company has plans to open a “few more” SaveMore branches in Cebu, although it is also looking at other provinces, such as Iloilo and Davao, among others.
SaveMore has branches at Elizabeth Mall in Cebu City and Marina Mall in Lapu-Lapu City.
Apart from providing the needs of customers, Sy said SaveMore also wants to help local food industries.
Cebu products
In SaveMore at Parkmall, for instance, most of the dried fish, bottled water with SM City label and other fresh products are from Cebu.
“Cebu also supplies dried fish to SaveMore branches in Manila. That (shows) how much connection we have with Cebu,” Sy said.
SaveMore is one of the tenants at Parkmall, which is expected to be fully operational by August. Three more stores and two banks will open soon at the new mall, which soft opened last week.
Travel agencies, restaurants and distributors of electronics products, cellular phones and computer equipment will also open shop at Parkmall.
James Co, chairman of Golden Great Value Properties, a member of the Cebu Oversea Group and developer of Parkmall, said the company is preparing the building’s second floor with the possibility that a business process outsourcing company would want to lease it.
“What we are trying to do is to give the tenant the building first before selling,” he said.
Co said the mall involved an investment of more than P500 million.
In a related development, Golden Great Value Properties will be writing to concerned government agencies in relation to its proposal to establish a terminal for V-hire, minibuses, taxis and public utility jeepneys at the back of the mall, not only to give customers access to the mall but also to decongest the traffic at the North Bus Terminal.
“Mandaue City Mayor Jonas Cortes and Vice Mayor Carlo Fortuna would also like to cooperate on that aspect. Naturally, when there is foot traffic, they are also bound to provide utilities that will enhance the security and transportation (in the area),” Co said.
Cortes told Sun.Star Cebu that he asked Co to sit down with the management of Makro, Cebu Doctors’ University, and other stakeholders in the reclamation area to discuss a possible transportation scheme.
“I will also invite them in the next meeting of the traffic management board (this week). The economic activity in the area is an indication that Mandaue City is a competitive and favored area for investments. That is something we should protect and sustain,” Cortes said.
Sun.Star Cebu <> Monday, June 02, 2008
BY NANCY R. CUDIS, Sun.Star Staff Reporter
THE third and biggest SaveMore branch in Cebu opened last Friday, with the “park-and-shop” market segment as main target.
The supermarket, with its more than 200 workers coming from the local community, is located at the ground floor of Parkmall@168 (Parkmall) at the Mandaue City reclamation area.
SaveMore at Parkmall, a supermarket brand under the SM Supervalue Group, covers a total area of about 6,000 square meters. Of the total area, only 4,500 square meters are occupied by retail operations.
“This (supermarket) is for the park-and-shop customers. They park here, shop, and then go,” said SM Supermarket president Herbert Sy.
Sy explained that the three SM Supermarket brands—Makro, SM Supermarket and SaveMore—cater to different market segments.
“Makro is for the catering (businesses). The supermarket in SM (City Cebu) caters to people going to malls (regularly),” he said. SaveMore focuses on addressing the needs of households with budgetary restrictions, he added.
Sy said the company has “high hopes” for Cebu, which he describes as a “good market.” “We (feel) welcome (in) Cebu,” he added.
He said the company has plans to open a “few more” SaveMore branches in Cebu, although it is also looking at other provinces, such as Iloilo and Davao, among others.
SaveMore has branches at Elizabeth Mall in Cebu City and Marina Mall in Lapu-Lapu City.
Apart from providing the needs of customers, Sy said SaveMore also wants to help local food industries.
Cebu products
In SaveMore at Parkmall, for instance, most of the dried fish, bottled water with SM City label and other fresh products are from Cebu.
“Cebu also supplies dried fish to SaveMore branches in Manila. That (shows) how much connection we have with Cebu,” Sy said.
SaveMore is one of the tenants at Parkmall, which is expected to be fully operational by August. Three more stores and two banks will open soon at the new mall, which soft opened last week.
Travel agencies, restaurants and distributors of electronics products, cellular phones and computer equipment will also open shop at Parkmall.
James Co, chairman of Golden Great Value Properties, a member of the Cebu Oversea Group and developer of Parkmall, said the company is preparing the building’s second floor with the possibility that a business process outsourcing company would want to lease it.
“What we are trying to do is to give the tenant the building first before selling,” he said.
Co said the mall involved an investment of more than P500 million.
In a related development, Golden Great Value Properties will be writing to concerned government agencies in relation to its proposal to establish a terminal for V-hire, minibuses, taxis and public utility jeepneys at the back of the mall, not only to give customers access to the mall but also to decongest the traffic at the North Bus Terminal.
“Mandaue City Mayor Jonas Cortes and Vice Mayor Carlo Fortuna would also like to cooperate on that aspect. Naturally, when there is foot traffic, they are also bound to provide utilities that will enhance the security and transportation (in the area),” Co said.
Cortes told Sun.Star Cebu that he asked Co to sit down with the management of Makro, Cebu Doctors’ University, and other stakeholders in the reclamation area to discuss a possible transportation scheme.
“I will also invite them in the next meeting of the traffic management board (this week). The economic activity in the area is an indication that Mandaue City is a competitive and favored area for investments. That is something we should protect and sustain,” Cortes said.
Labels:
press release,
savemore,
shops
Living in a kids world
Hey kiddies! Have we got great news for you!
Here’s something you can look forward to when the calendar hits the fourth quarter this year (translation: when Christmas time draws near).
Kids Village, Cebu’s very first mall-based retail theme park exclusively for children, will be opening to cater to your needs.
It’s an entire village, a mall within a mall, made just for you.
Kids Village, a one-stop shopping entertainment destination for children, is a kids’ world—all 1500 square meters of it.
Within Kids Village are various retail shopping choices such as a Toys@Work toyshop (the brains behind the village), a good mix of children’s retail shops, RTW boutiques and stores for different party and kids accessories.
There won’t be any rides in the village but in its place are different places and sights as well as mascots like policemen, nurses, doctors that you can emulate.
The sights and places include:
* My Fun Zone, a pro-fun play area with bridges, slides and swings
* Village Library, a kiddie bookstore with story telling and reading
* Village Café, a state of the art kids friendly internet café and day care
* Village Barbershop & Salon with kids oriented hair specialist
* Village Pharmacy complete with vitamin and medicines
* Village Artist, a children’s photography studio
* My Post Office, a kids version of Mail and More where they could enjoy sending and receiving mail
*Passport Corner, where kids can apply for address and passport as residents of Kids Village
*Village School for cooking, arts and crafts and other lessons
So kids, put on your best smiles, be on your best behavior, and wait for the Kids Village at the Parkmall@168. (Ace Matthew Tagonon)
Here’s something you can look forward to when the calendar hits the fourth quarter this year (translation: when Christmas time draws near).
Kids Village, Cebu’s very first mall-based retail theme park exclusively for children, will be opening to cater to your needs.
It’s an entire village, a mall within a mall, made just for you.
Kids Village, a one-stop shopping entertainment destination for children, is a kids’ world—all 1500 square meters of it.
Within Kids Village are various retail shopping choices such as a Toys@Work toyshop (the brains behind the village), a good mix of children’s retail shops, RTW boutiques and stores for different party and kids accessories.
There won’t be any rides in the village but in its place are different places and sights as well as mascots like policemen, nurses, doctors that you can emulate.
The sights and places include:
* My Fun Zone, a pro-fun play area with bridges, slides and swings
* Village Library, a kiddie bookstore with story telling and reading
* Village Café, a state of the art kids friendly internet café and day care
* Village Barbershop & Salon with kids oriented hair specialist
* Village Pharmacy complete with vitamin and medicines
* Village Artist, a children’s photography studio
* My Post Office, a kids version of Mail and More where they could enjoy sending and receiving mail
*Passport Corner, where kids can apply for address and passport as residents of Kids Village
*Village School for cooking, arts and crafts and other lessons
So kids, put on your best smiles, be on your best behavior, and wait for the Kids Village at the Parkmall@168. (Ace Matthew Tagonon)
Labels:
press release
More Cebu malls sprout
Tuesday, January 08, 2008
More Cebu malls sprout, expandBy Malou M. Mozo
Sun.Star Staff Reporter
CEBU is set to become an emerging shopping destination in the Philippines as existing mall operators are expanding and new ones are set to rise in the different parts of the province in the coming years.
Ayala Center Cebu mall developer Cebu Holdings Inc. (CHI) president and chief executive officer Francis Monera said Cebu's shopping market has been "tremendously" growing not only in Metro Cebu but in other key cities and towns in the province.
"There is a lot of money in Cebu. Offer something of value and it's taken," Monera said.
Capitalizing on the demand for additional mall space to cater to the growing mall shoppers and vendors, CHI earlier mulled another expansion plan for Ayala Center Cebu to complete the original development of the Cebu Business Park (CBP).
Monera earlier said the Phase 2-B project will begin by March or April this year, starting with a study on how to develop a concept for another shopping mall expansion.
Monera, however, clarified that total project cost is yet to be determined (and not the P2-billion which was previously reported).
Following the "face lift" of the Ayala Center Cebu mall-with the opening of the three-story annex in the middle of 2006 and the re-designed al fresco lagoon area in the first quarter of this year-Cebuanos will soon enjoy a more expanded shopping mall in the next few years, completing the development of CBP's 9.6-hectare super block.
Expansion and renovation of its mall in Cebu is part of CHI holding company, Ayala Land Inc.'s efforts to stamp the Ayala mall brand on all its malls, which have been regarded as the Ayala retail group.
In the downtown area, Cebu Central Realty Corp. (CCRC) is currently undergoing phase two of its expansion project for its mall venture Elizabeth Mall (E-Mall).
CCRC president and chairman Augusto Go earlier said some 5,000-square meters of leasable spaces are currently under construction at the eastbound Sanciangko area of the mall's property.
About 80 units of stalls, excluding kiosks and carts, are projected to be accommodated in the four-story wing which has an additional basement parking of 2,445 square meters.
The expansion project is slated to open within the first quarter of the year.
Other cities, towns
Other than Ayala Center Cebu and E-Mall, shopping centers are also sprouting in other cities and towns in Cebu.
Another mall developer, Golden Great Value Properties (GGVP) is set to launch next month phase one of Parkmall@168 (Parkmall) located at the Mandaue City reclamation area.
GGVP chairman Carlos Co said the mall involved an investment of P300 million to P400 million.
Parkmall will feature a rotunda, ala Fuente Osmeña, amid a park setting where people can stroll, shop and dine al fresco, and enjoy the scenery.
Christopher Tio, Parkmall business development director, said the concept of a Fuente Osmeña park is set to bring back an "experience of our childhood," since parks like Fuente and Plaza Independencia are popular hang-outs since the 1980s.
Aside from the piazza and SaveMore supermarket, Parkmall will also feature a kids' village and a tourist and traveler center, which will be equipped with hotel check-in desks, airport and seaport shuttle service, lockers and showers. The mall will be able to accommodate about 700 cars in its parking lots.
Apart from the cities of Mandaue and Cebu, the municipality of Consolacion welcomed Fooda Mall late last year.
Foodasaversmart Inc. completed the construction of its P200-million business and commercial center that is said to compete with existing mall developments by multinational companies.
"The presence of Fooda here in Consolacion will certainly contribute to the coffers of the municipality in terms of business taxes and other regulatory fees," Consolacion Mayor Avelino Gungob said.
For his part, Edward Gaisano, vice president for operations of the Metro Gaisano group of companies, said Cebu's retail market will continue to be upbeat this year.
Gaisano said the province has a "favorable" economic climate which has become a magnet for more developments in the retail sector evidently shown in the expansion of malls, food and garment outlets, as well as the entry of new players.
The Metro Gaisano group is still eyeing feasible areas for supermarket or mall-type developments not just in Cebu but in other parts of the country.
More Cebu malls sprout, expandBy Malou M. Mozo
Sun.Star Staff Reporter
CEBU is set to become an emerging shopping destination in the Philippines as existing mall operators are expanding and new ones are set to rise in the different parts of the province in the coming years.
Ayala Center Cebu mall developer Cebu Holdings Inc. (CHI) president and chief executive officer Francis Monera said Cebu's shopping market has been "tremendously" growing not only in Metro Cebu but in other key cities and towns in the province.
"There is a lot of money in Cebu. Offer something of value and it's taken," Monera said.
Capitalizing on the demand for additional mall space to cater to the growing mall shoppers and vendors, CHI earlier mulled another expansion plan for Ayala Center Cebu to complete the original development of the Cebu Business Park (CBP).
Monera earlier said the Phase 2-B project will begin by March or April this year, starting with a study on how to develop a concept for another shopping mall expansion.
Monera, however, clarified that total project cost is yet to be determined (and not the P2-billion which was previously reported).
Following the "face lift" of the Ayala Center Cebu mall-with the opening of the three-story annex in the middle of 2006 and the re-designed al fresco lagoon area in the first quarter of this year-Cebuanos will soon enjoy a more expanded shopping mall in the next few years, completing the development of CBP's 9.6-hectare super block.
Expansion and renovation of its mall in Cebu is part of CHI holding company, Ayala Land Inc.'s efforts to stamp the Ayala mall brand on all its malls, which have been regarded as the Ayala retail group.
In the downtown area, Cebu Central Realty Corp. (CCRC) is currently undergoing phase two of its expansion project for its mall venture Elizabeth Mall (E-Mall).
CCRC president and chairman Augusto Go earlier said some 5,000-square meters of leasable spaces are currently under construction at the eastbound Sanciangko area of the mall's property.
About 80 units of stalls, excluding kiosks and carts, are projected to be accommodated in the four-story wing which has an additional basement parking of 2,445 square meters.
The expansion project is slated to open within the first quarter of the year.
Other cities, towns
Other than Ayala Center Cebu and E-Mall, shopping centers are also sprouting in other cities and towns in Cebu.
Another mall developer, Golden Great Value Properties (GGVP) is set to launch next month phase one of Parkmall@168 (Parkmall) located at the Mandaue City reclamation area.
GGVP chairman Carlos Co said the mall involved an investment of P300 million to P400 million.
Parkmall will feature a rotunda, ala Fuente Osmeña, amid a park setting where people can stroll, shop and dine al fresco, and enjoy the scenery.
Christopher Tio, Parkmall business development director, said the concept of a Fuente Osmeña park is set to bring back an "experience of our childhood," since parks like Fuente and Plaza Independencia are popular hang-outs since the 1980s.
Aside from the piazza and SaveMore supermarket, Parkmall will also feature a kids' village and a tourist and traveler center, which will be equipped with hotel check-in desks, airport and seaport shuttle service, lockers and showers. The mall will be able to accommodate about 700 cars in its parking lots.
Apart from the cities of Mandaue and Cebu, the municipality of Consolacion welcomed Fooda Mall late last year.
Foodasaversmart Inc. completed the construction of its P200-million business and commercial center that is said to compete with existing mall developments by multinational companies.
"The presence of Fooda here in Consolacion will certainly contribute to the coffers of the municipality in terms of business taxes and other regulatory fees," Consolacion Mayor Avelino Gungob said.
For his part, Edward Gaisano, vice president for operations of the Metro Gaisano group of companies, said Cebu's retail market will continue to be upbeat this year.
Gaisano said the province has a "favorable" economic climate which has become a magnet for more developments in the retail sector evidently shown in the expansion of malls, food and garment outlets, as well as the entry of new players.
The Metro Gaisano group is still eyeing feasible areas for supermarket or mall-type developments not just in Cebu but in other parts of the country.
Labels:
press release
Mall to open
Thursday, December 20, 2007
Mall to open in February
DEVELOPERS of a mall being constructed at the Mandaue City reclamation area are confident that when the first phase of their project opens in February next year, it will attract many people, especially Cebuanos.
The first phase of Parkmall@168 (Parkmall) will include al fresco shops and SaveMore, a supermarket brand under the SM Supervalue Group, said Parkmall business development director Christopher Tio.
Tio told reporters in a press conference yesterday that the entire mall will become fully operational in June next year.
“Cebu’s economy is moving toward a boom. We’re very bullish (because) the market is really moving,” he said.
SaveMore, the anchor locator, of Parkmall, will occupy nearly 50 percent of the ground floor of the mall’s main building.
Eva Du, operations manager of SM Supervalue Inc., said SaveMore at Parkmall will be the first outlet in Cebu that will carry the new concept of SaveMore chains.
Room for more
SaveMore has branches at Elizabeth Mall in Cebu City and Marina Mall in Lapu-Lapu City.
Despite the proximity of SaveMore at Parkmall to SM City Cebu, Du said the Supervalue Group believes that with further growth of Cebu’s market, there is room for more supermarkets.
“SM is not a threat because we believe that we have not yet tapped the full potential of the market in Cebu. We’re also banking on (the inclination of) Cebuanos to patronize Parkmall,” Du said.
Tio said Parkmall is designed to showcase the “best of Cebu” and provide the experience that is distinctly Cebuano.
Parkmall will feature a rotunda, ala Fuente Osmeña, amid a park setting where people can stroll, shop and dine al fresco, and enjoy the scenery.
“We, Cebuanos, grew up having Fuente Osmeña and Plaza Independencia. As Cebu has become modernized, things have become different. We want to bring back the same experience of our childhood,” Tio said.
Carlos Co, chairman of Golden Great Value Properties, a member of the Cebu Oversea Group and developer of Parkmall, said the mall involved an investment of P300 million to P400 million.
Lease
Parkmall was supposed to open this month, but Co said construction was stalled when the company agreed to provide temporary shelter to Mandaue City fire victims.
Parkmall will rise on a 30,000-square meter (three-hectare) property that was supposed to be the site of Uniwide. Golden Great Value Properties has a 25-year lease agreement with Mandaue City for the use of the property, Co said.
James Co, Parkmall managing director, said the company is helping other project developers in the area facilitate for new public utility jeepney routes.
Parkmall, which is located next to the Cebu International Convention Center (CICC), is a few meters away from the new Cebu Doctors’ University campus and Boardwalk, another commercial complex that is still under construction.
Tio said future developments in the area will banish the notion that the reclamation area is a dangerous place to be, especially at night.
“There must be about 12 projects that will break ground (in the area). We’re also helping in the installation of street lamps,” he said.
With a lot of optimism in the market, Tio said Parkmall is setting aside space for further expansion. “That’s phase three, but we’re keeping it under wraps while we are still negotiating with several proponents,” he added.
Aside from the piazza and SaveMore, Parkmall will also feature a kids’ village, and a tourist and traveler center, which will be equipped with hotel check-in desks, airport and seaport shuttle service, lockers and showers. The mall will be able to accommodate about 700 cars in its parking lots.
Tio said Parkmall also wants to be a venue for retailers to develop unique concepts.
“We want to be an incubation venue for unique concepts,” he said, adding that Parkmall will even subsidize the rent for a certain period of qualified retailers. (LAP)
Mall to open in February
DEVELOPERS of a mall being constructed at the Mandaue City reclamation area are confident that when the first phase of their project opens in February next year, it will attract many people, especially Cebuanos.
The first phase of Parkmall@168 (Parkmall) will include al fresco shops and SaveMore, a supermarket brand under the SM Supervalue Group, said Parkmall business development director Christopher Tio.
Tio told reporters in a press conference yesterday that the entire mall will become fully operational in June next year.
“Cebu’s economy is moving toward a boom. We’re very bullish (because) the market is really moving,” he said.
SaveMore, the anchor locator, of Parkmall, will occupy nearly 50 percent of the ground floor of the mall’s main building.
Eva Du, operations manager of SM Supervalue Inc., said SaveMore at Parkmall will be the first outlet in Cebu that will carry the new concept of SaveMore chains.
Room for more
SaveMore has branches at Elizabeth Mall in Cebu City and Marina Mall in Lapu-Lapu City.
Despite the proximity of SaveMore at Parkmall to SM City Cebu, Du said the Supervalue Group believes that with further growth of Cebu’s market, there is room for more supermarkets.
“SM is not a threat because we believe that we have not yet tapped the full potential of the market in Cebu. We’re also banking on (the inclination of) Cebuanos to patronize Parkmall,” Du said.
Tio said Parkmall is designed to showcase the “best of Cebu” and provide the experience that is distinctly Cebuano.
Parkmall will feature a rotunda, ala Fuente Osmeña, amid a park setting where people can stroll, shop and dine al fresco, and enjoy the scenery.
“We, Cebuanos, grew up having Fuente Osmeña and Plaza Independencia. As Cebu has become modernized, things have become different. We want to bring back the same experience of our childhood,” Tio said.
Carlos Co, chairman of Golden Great Value Properties, a member of the Cebu Oversea Group and developer of Parkmall, said the mall involved an investment of P300 million to P400 million.
Lease
Parkmall was supposed to open this month, but Co said construction was stalled when the company agreed to provide temporary shelter to Mandaue City fire victims.
Parkmall will rise on a 30,000-square meter (three-hectare) property that was supposed to be the site of Uniwide. Golden Great Value Properties has a 25-year lease agreement with Mandaue City for the use of the property, Co said.
James Co, Parkmall managing director, said the company is helping other project developers in the area facilitate for new public utility jeepney routes.
Parkmall, which is located next to the Cebu International Convention Center (CICC), is a few meters away from the new Cebu Doctors’ University campus and Boardwalk, another commercial complex that is still under construction.
Tio said future developments in the area will banish the notion that the reclamation area is a dangerous place to be, especially at night.
“There must be about 12 projects that will break ground (in the area). We’re also helping in the installation of street lamps,” he said.
With a lot of optimism in the market, Tio said Parkmall is setting aside space for further expansion. “That’s phase three, but we’re keeping it under wraps while we are still negotiating with several proponents,” he added.
Aside from the piazza and SaveMore, Parkmall will also feature a kids’ village, and a tourist and traveler center, which will be equipped with hotel check-in desks, airport and seaport shuttle service, lockers and showers. The mall will be able to accommodate about 700 cars in its parking lots.
Tio said Parkmall also wants to be a venue for retailers to develop unique concepts.
“We want to be an incubation venue for unique concepts,” he said, adding that Parkmall will even subsidize the rent for a certain period of qualified retailers. (LAP)
Labels:
press release
Bagging a trend
Wednesday, November 21, 2007
Bagging a trend
By Mayette Q. Tabada
COMPANIES finally go green.
To the tune of paperless memos and corporate tree planting, a number of local businesses are doing their bit for the planet by giving away something other than the usual mug or desk dustcatcher.
What’s current in corporate keepsakes?
The 100-percent plastic-free “green bag.”
Actually a misnomer, the adjective refers less to the shade and more to the receptacle’s reusability and the underlying principle of waste management and civic responsibility. While SM Supermarket and Unilever launched last June a reusable shopper’s bag that’s actually colored green, Aboitiz Equity Ventures gave away last yearend’s goodies for clients and partners in a voluminous tomato tote more in keeping with the Yuletide season.
Although usually made of thick and durable canvas, some green bags use synthetic materials, like the SM-Unilever Green bag that uses up less energy in its
manufacture and can be reused up to two years, according to the SM Concerned and Responsible Eco-shoppers (SM Cares) campaign.
When Cebu Belmont Inc. inaugurated last Aug. 11 their latest high-rise, the Belmont Hardware Depot building, the company gave away free canvas totes to guests.
“We wanted to give a memorabilia that’s not just decorative, but also functional,” recalls Chester Lim, Belmont vice-president for administration.
A shopper who once complained that a local grocery store’s plastic bags were for sale, Chester underwent a green change after a January 2006 trip exposed him to Parisians bringing their own totes, with the elderly pulling along trolley bags, to hold their purchases.
“By adopting a green bag, we also reduce the demand for crude oil or petroleum as plastic products are derived from these,” he points out.
What’s best about this corporate trend is that the totes are just the tip of the iceberg. Not stopping with giveaways, these companies adopt measures to spread the advocacy among customers and within their corporate culture.
Under the SM Cares campaign, 28 SM malls conduct regular waste market fairs where shoppers can trade anything from used table napkins to empty ink cartridges. Aside from showing An Inconvenient Truth to its employees, Cebu Belmont Inc. is a major distributor of the biofuel BioActiv since 2003, as well as energy-saving devices for homes and industries.
During the media launch of Parkmall last June 15, katsa (canvas) totes were given away. Conceptualized by Parkmall developer, Golden Great Value Properties, and Marketworksasia, Inc., the totes were printed by Cheryl Baldicantos and Insoy Niñal.
The tandem has also produced bag giveaways for a Cebuano writing seminar and the June 29-July 1 Tsinelas Summit on Volunteerism and Child Rights Advocacy, sponsored by the Cebu City Government and the United Nations Children’s Fund.
Cheryl, Insoy and Chester have plans to sell green bags, whose popularity makes them viable. After every tote in Belmont’s inauguration batch was eagerly snapped up, Chester sees a green future for bags that are compact, sturdy and, best of all, tender with the environment.
Turning green does pay off.
Bagging a trend
By Mayette Q. Tabada
COMPANIES finally go green.
To the tune of paperless memos and corporate tree planting, a number of local businesses are doing their bit for the planet by giving away something other than the usual mug or desk dustcatcher.
What’s current in corporate keepsakes?
The 100-percent plastic-free “green bag.”
Actually a misnomer, the adjective refers less to the shade and more to the receptacle’s reusability and the underlying principle of waste management and civic responsibility. While SM Supermarket and Unilever launched last June a reusable shopper’s bag that’s actually colored green, Aboitiz Equity Ventures gave away last yearend’s goodies for clients and partners in a voluminous tomato tote more in keeping with the Yuletide season.
Although usually made of thick and durable canvas, some green bags use synthetic materials, like the SM-Unilever Green bag that uses up less energy in its
manufacture and can be reused up to two years, according to the SM Concerned and Responsible Eco-shoppers (SM Cares) campaign.
When Cebu Belmont Inc. inaugurated last Aug. 11 their latest high-rise, the Belmont Hardware Depot building, the company gave away free canvas totes to guests.
“We wanted to give a memorabilia that’s not just decorative, but also functional,” recalls Chester Lim, Belmont vice-president for administration.
A shopper who once complained that a local grocery store’s plastic bags were for sale, Chester underwent a green change after a January 2006 trip exposed him to Parisians bringing their own totes, with the elderly pulling along trolley bags, to hold their purchases.
“By adopting a green bag, we also reduce the demand for crude oil or petroleum as plastic products are derived from these,” he points out.
What’s best about this corporate trend is that the totes are just the tip of the iceberg. Not stopping with giveaways, these companies adopt measures to spread the advocacy among customers and within their corporate culture.
Under the SM Cares campaign, 28 SM malls conduct regular waste market fairs where shoppers can trade anything from used table napkins to empty ink cartridges. Aside from showing An Inconvenient Truth to its employees, Cebu Belmont Inc. is a major distributor of the biofuel BioActiv since 2003, as well as energy-saving devices for homes and industries.
During the media launch of Parkmall last June 15, katsa (canvas) totes were given away. Conceptualized by Parkmall developer, Golden Great Value Properties, and Marketworksasia, Inc., the totes were printed by Cheryl Baldicantos and Insoy Niñal.
The tandem has also produced bag giveaways for a Cebuano writing seminar and the June 29-July 1 Tsinelas Summit on Volunteerism and Child Rights Advocacy, sponsored by the Cebu City Government and the United Nations Children’s Fund.
Cheryl, Insoy and Chester have plans to sell green bags, whose popularity makes them viable. After every tote in Belmont’s inauguration batch was eagerly snapped up, Chester sees a green future for bags that are compact, sturdy and, best of all, tender with the environment.
Turning green does pay off.
Labels:
press release
Future mall at recla to house Cebu brands
EVEN before proponents held its groundbreaking, a mall project at the Mandaue City reclamation area has drawn the interest of companies in Cebu and in Metro Manila.
“So far, the acceptance of the concept by prospective tenant partners has been encouraging,” said James Co, managing director of Parkmall, a future shopping destination that will rise across the Cebu International Convention Center.
Co, during a press conference held shortly after the groundbreaking of the pro-ject last week, said Parkmall will open in the last quarter of this year.
According to a press statement from Parkmall proponent Golden Great Venture Properties Co., the mall will be a “Philippine retail store” of Cebu home-grown brands and will serve as “incubation platform” for the new breed of local entrepreneurs.
“They just need to submit their business plan… to address the need for incubation,” Co said. “We will do our part to raise entrepreneurs in Cebu.”
The company is encouraging all businesses in the province and those in Metro Manila to become its partner-tenants.
Parkmall, which involves an investment of about P350 million, has a total lease area of 30,000 square meters.
Project proponents stressed that Parkmall does not duplicate existing malls as it is more like a “tiangge” concept. Golden Great Venture is also inviting call center companies to become potential tenants.
With the opening of a new public utility jeepney route, the company said Parkmall will be accessible to the public. The future mall complex will also house a parking lot with over 700 slots.
Parkmall will rise on a six-hectare lot at the Mandaue City reclamation area and will feature an accented piazza that will be a “venue for people to stroll, relax, jog, and do other fun activites.” (TEP)
Labels:
press release
New P300-M mall to open in Mandaue
New P300-M mall to open in Mandaue
By Bernadette Parco
Cebu Daily News
First Posted 02:31pm (Mla time) 06/18/2007
Cebu, Philippines - A P300-million mall is scheduled to open in the last quarter of the year at the North Reclamation Area.
The groundbreaking ceremony for Parkmall was held last Friday and was led by company executives such as Napoleon Co, company president; Carlos Co, chairman and past Cebu Chamber of Commerce and Industry president; and James Co, the managing director.
At a press conference held later in the day at the City Sports Club, James Co said the new mall was enveloped in a cloud of mystery for some time and had led to speculations as to what the new establishment could offer the Cebuanos.
James Co said the mall was envisioned to be "the source of pride for Cebuanos."
"We envision this to be a place that will capture the Cebuano spirit, a homegrown mall where families come together, friends hang out and businessmen can meet," he said.
He said the new mall will have a 5,000 square-meter piazza, "which is inspired by the iconic gathering place, the Fuente Osmeña."
The new shopping destination is not a branch of the popular mall in Manila, the 168 Mall. The owners clarified that the official address of Parkmall is 168 Ouano Avenue, Mandaue City.
Napoleon Co, Parkmall president, said the number 168 is considered by the Chinese as an auspicious number.
The figure sounds like Chinese characters that could be interpreted as "all the way progress."
The new mall, which is located near the Cebu International Convention Center (CICC), will rise on a 30,000-square-meter lot. It has room for 135 small units and some stand-alone kiosks.
"There is also a place for new concepts that is grounded on marketing realities. A place where we can incubate new ideas and help realize the dream of showcasing the Cebuano entrepreneurship and talent," Co said.
He said that the new entrepreneurs would be welcome to present their concepts and business plan.
However, he clarified that the mall was "looking for those who really, really need our assistance."
Aside from the Piazza, there will be a garden enclave of resto-bars and garden restaurants in stand-alone structures and a pasalubong center that will offer a variety of food and souvenir items.
There will also be a Gateway Center, a hub for transportation services that will bring visitors to the Mactan-Cebu International Airport and the pier.
Co also said that there will be a supermarket in the complex, but he said that negotiations are still ongoing so he could not reveal the company that will handle the business.
There will be a Kids' Zone, a home zone and a value zone that will consist of factory outlets of branded goods and tiangge-type (flee-market-type) stalls.
By Bernadette Parco
Cebu Daily News
First Posted 02:31pm (Mla time) 06/18/2007
Cebu, Philippines - A P300-million mall is scheduled to open in the last quarter of the year at the North Reclamation Area.
The groundbreaking ceremony for Parkmall was held last Friday and was led by company executives such as Napoleon Co, company president; Carlos Co, chairman and past Cebu Chamber of Commerce and Industry president; and James Co, the managing director.
At a press conference held later in the day at the City Sports Club, James Co said the new mall was enveloped in a cloud of mystery for some time and had led to speculations as to what the new establishment could offer the Cebuanos.
James Co said the mall was envisioned to be "the source of pride for Cebuanos."
"We envision this to be a place that will capture the Cebuano spirit, a homegrown mall where families come together, friends hang out and businessmen can meet," he said.
He said the new mall will have a 5,000 square-meter piazza, "which is inspired by the iconic gathering place, the Fuente Osmeña."
The new shopping destination is not a branch of the popular mall in Manila, the 168 Mall. The owners clarified that the official address of Parkmall is 168 Ouano Avenue, Mandaue City.
Napoleon Co, Parkmall president, said the number 168 is considered by the Chinese as an auspicious number.
The figure sounds like Chinese characters that could be interpreted as "all the way progress."
The new mall, which is located near the Cebu International Convention Center (CICC), will rise on a 30,000-square-meter lot. It has room for 135 small units and some stand-alone kiosks.
"There is also a place for new concepts that is grounded on marketing realities. A place where we can incubate new ideas and help realize the dream of showcasing the Cebuano entrepreneurship and talent," Co said.
He said that the new entrepreneurs would be welcome to present their concepts and business plan.
However, he clarified that the mall was "looking for those who really, really need our assistance."
Aside from the Piazza, there will be a garden enclave of resto-bars and garden restaurants in stand-alone structures and a pasalubong center that will offer a variety of food and souvenir items.
There will also be a Gateway Center, a hub for transportation services that will bring visitors to the Mactan-Cebu International Airport and the pier.
Co also said that there will be a supermarket in the complex, but he said that negotiations are still ongoing so he could not reveal the company that will handle the business.
There will be a Kids' Zone, a home zone and a value zone that will consist of factory outlets of branded goods and tiangge-type (flee-market-type) stalls.
Labels:
press release
Developer to build new shopping center at recla
Wednesday, January 24, 2007
Developer to build new shopping center at recla
TARGETING retail shop operators, information technology (IT)-related establishments and government offices as tenants, a local developer will begin construction of a mall building at the Mandaue City reclamation area next month.
Carlos Co, president of Golden Great Value Properties Inc. (GGVPI), said the firm will invest P200 million to P250 million for the development and construction of Parkmall at 168 on a parcel of land at the Mandaue reclamation area.
Sun.Star Network Online's Sinulog Festival Coverage
Post your Sinulog greetings
Co said GGVPI plans to open the mall in October this year.
He, however, clarified that Parkmall at 168 is not the same as the 168 Mall in Manila. Instead, it is named as such because its address is 168 Ouano Ave. in Mandaue.
Co said GGVPI is trying to ink a deal with Cebu-based companies as business partners.
GGVPI is leasing nearly six hectares of the reclamation land, including the unfinished Uniwide building adjacent to the Cebu International Convention Center, at P10.50 per square meter monthly.
The mall’s lot area will comprise 1.8 hectares of the entire leased property.
Co said tenants can already start moving in by July.
He said the company is currently accepting reservations to fill up the 300 leasable lots for the commercial complex.
Based on the project description submitted by GGVPI to the Mandaue City Government, the units will measure 1,000 square meters, with provisions to subdivide them into 500 square meters.
“So far, only 15 tenants have applied,” Co said in an interview last Friday, adding that the company is profiling potential tenants similar to that of a mall in Manila which carries a “tiangge” concept.
The first floor of the mall will be utilized as a commercial center while the second floor will comprise several government offices and call centers.
To ensure smooth operation for its IT clients, the mall will have a back-up generator set.
A parking area with 500 slots and a well-guarded jeepney terminal will also be built to provide convenience and security to the IT employees.
Co also said that Parkmall at 168 will also be anchored with Puregold, a grocery store.
Earlier, he said investors at the GGVPI are set to generate 500 to 1,000 jobs. (MMM)
Developer to build new shopping center at recla
TARGETING retail shop operators, information technology (IT)-related establishments and government offices as tenants, a local developer will begin construction of a mall building at the Mandaue City reclamation area next month.
Carlos Co, president of Golden Great Value Properties Inc. (GGVPI), said the firm will invest P200 million to P250 million for the development and construction of Parkmall at 168 on a parcel of land at the Mandaue reclamation area.
Sun.Star Network Online's Sinulog Festival Coverage
Post your Sinulog greetings
Co said GGVPI plans to open the mall in October this year.
He, however, clarified that Parkmall at 168 is not the same as the 168 Mall in Manila. Instead, it is named as such because its address is 168 Ouano Ave. in Mandaue.
Co said GGVPI is trying to ink a deal with Cebu-based companies as business partners.
GGVPI is leasing nearly six hectares of the reclamation land, including the unfinished Uniwide building adjacent to the Cebu International Convention Center, at P10.50 per square meter monthly.
The mall’s lot area will comprise 1.8 hectares of the entire leased property.
Co said tenants can already start moving in by July.
He said the company is currently accepting reservations to fill up the 300 leasable lots for the commercial complex.
Based on the project description submitted by GGVPI to the Mandaue City Government, the units will measure 1,000 square meters, with provisions to subdivide them into 500 square meters.
“So far, only 15 tenants have applied,” Co said in an interview last Friday, adding that the company is profiling potential tenants similar to that of a mall in Manila which carries a “tiangge” concept.
The first floor of the mall will be utilized as a commercial center while the second floor will comprise several government offices and call centers.
To ensure smooth operation for its IT clients, the mall will have a back-up generator set.
A parking area with 500 slots and a well-guarded jeepney terminal will also be built to provide convenience and security to the IT employees.
Co also said that Parkmall at 168 will also be anchored with Puregold, a grocery store.
Earlier, he said investors at the GGVPI are set to generate 500 to 1,000 jobs. (MMM)
Labels:
press release
Subscribe to:
Posts (Atom)
Pinoy Big Brother Audition Details Below
