BACOLOD City, Philippines – Property giant Ayala Land Inc. opened last Wednesday its newest mall called The District North Point, a P1-billion retail and commercial complex in Talisay City, Negros Occidental.
The District is one of the components of a 215-hectare North Point Estate considered as the “first large-scale, mixed-use, integrated, master-planned community in Negros,†Ayala Land president Antonino Aquino said in a press briefing Wednesday.
“The North Point Estate is the first of its kind in Western Visayas and the latest and most exciting destination in Negros,†Ayala Land senior vice president Emilio Tumbucon said in the same press briefing.
The District has 20,968 square meters of gross floor area and a gross leasable area of 15,395 square meters, and will accommodate more than 100 stores, he said.
The P1-billion investment for The District is part of the P4.5-billion investment already poured into North Point Estate, with another P3 billion more in the pipeline, or a total of about P7 billion in investment when the project is completed in 2017, Tumbucon said.
“We’re just starting… We’re just in first half of our investments… We feel very bullish and confident that The District will also be accepted well by the market.â€
The North Point Estate is comprised of residential developments namely, Ayala North Point, Verdana Homes Plantazionne, Verdana Homes Asyana, Avida Village North Point, and Amaia Scapes North Point.
The estate’s own retail center, The District, is â€a fitting complement to residential brands in North Point,†Tumbucon said.