Centrio, an Ayala Mall has formally opened its business operation in the city of Cagayan de Oro in Northern Mindanao, Philippines on November 9, 2012. The mall which is owned by Ayala Land Incorporated is constructed at a cost PHP 4.7 billion which is equivalent to US$ 114.41 million in the current peso-dollar exchange rate.
The 3.7-hectare mall is situated right along C.M. Recto Avenue, the busiest thoroughfare of the city which is also a part of the national highway. To its north right across the road is another mall, Gaisano City. On the east side of Centrio is Capt. Vicente Roa St. and on its west is Corrales street.
Aside from the mall, Centrio has also a hotel, a BPO office and a condominium tower within its complex. It has a gross ground floor area of 64,000 square meters with a 44,000 square meters of gross leasable area in a 3-storey structure which can accommodate 300 concessionaires. Two Philippine acacia trees which are within Centrio’s land were left alone by the developers. The area where the trees are located now serves as its mini-park and garden.
Patrons of the mall are accorded with comfortable ambiance such as fully air-conditioned building. Inside it are sporting goods stores, book stores, pharmacies, restaurants, movie houses and other business establishments that offer wide assortment of goods such as clothes, shoes, watches, books, cameras, electronic goods, computers, foods and other goods. Rustan’s, a Manila-based chain of business establishment will soon open in the mall its Fresh Supermarket which is its first ever in Mindanao.
Centrio is a welcome addition to the big malls that established their business in the city such as Gaisano, Shoemart, Robinson and Lim Ket Kai which is just a short distance away from it. Centrio’s business operation will indeed contribute to the economic growth of the city. Moreover, it will also provide employment opportunities to the youth of the city and its neighboring areas.