June 06, 2016 – Ayala Land, Inc (ALI) in partnership with one of the most trusted Cebu real estate developers, AboitizLand, continues on its strategic thrust towards nation building as it broke ground for Gatewalk Central, its newest integrated mixed-use development in Mandaue City.
With Gatewalk Central, Ayala Land reinforces its commitment of developing, masterplanned estates such as the Makati Central Business District, Bonifacio Global City, and Cebu Business Park, while AboitizLand fortifies its purpose towards nurturing local communities through strong and pioneering concepts.
“This has been a very strategic partnership for us as we share a lot of common values in building sustainable communities” shared Andoni Aboitiz, President and CEO of AboitzLand.
Located in Subangdaku, Mandaue City, Gatewalk Central is envisioned to be the dynamic center of the city. It is easily accessible via three national roads—Lopez Jaena St., M. Logarta St., and Ouano Avenue.
The 17.5-hectare estate will feature office buildings, a range of residential options, family-friendly parks, refreshing retail selections, and an Ayala Mall. These components will be seamlessly anchored along the development’s main feature—a 30-meter wide pedestrian only street which runs through the entire estate. This tree-lined street takes visitors through various districts within Gatewalk Central, each having its own distinct character and experience from intimate leisure areas to a grand plaza.
“We are very excited about this development. Once complete, its character and features is something the local market has not seen before,” said Bobby Dy, Ayala Land President and CEO. Dy also emphasized that this multi-billion peso investment shows Ayala Land’s confidence in Mandaue City as one of the emerging growth cities in the region.
After the estate launch, Avida will be the first development at Gatewalk Central. Its residential development is targeted for young professionals and families and will launch later this year.
The Ayala Mall, which will feature Landmark department store as its anchor, will open in 2019. Apart from Landmark, the mall will have a wide mix of popular global and local brands, affordable options, local flavors, family dining and entertainment concepts. The BPO office building will be built on top of the mall and will open by the end of 2019.
While under construction, the development is estimated to generate about 1,300 jobs. This will rise to 9,000 jobs once the mall and office are operational.
The groundbreaking ceremony was attended by officials from the Provincial government of Cebu led by Gov. Hilario Davide III; officials of the Mandaue City government led by Mayor Jonas Cortes; and the management teams of Ayala Land and AboitizLand led by their president and CEOs Bobby Dy and Andoni Aboitiz, respectively.
