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.
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