This is Abreeza.
Ayala Land Inc. will invest 4 to 5 billion pesos in Davao City for a premier development called Abreeza. Abreeza is the name of the first and only Ayala mall in Mindanao which will veer away from the typical mall set-up. It will be a shopping mall which will have two BPO or IT buildings for callcenter operations.
The most ambitious and biggest mixed use development project of Ayala Land in Mindanao to date, is a joint venture between ALI and Davao City based Antonio Floirendo Corp (Anflocor). ALI will allocate 4 to 5 billion pesos for this development – a major investment that proves Ayala Land’s confidence in Davao City.
Abreeza had a ceremonial ground breaking last September 23, 2008 and was attended by Anflocor and ALI big bosses that included:
– Don Antonio Floirendo Sr from Anflocor
– Ayala Land Inc. chair Fernando Augusto Zobel de Ayala
– Ayala Land Inc’s President Jaime Ayala
– Ayala Corp chair and CEO Jaime Augusto Zobel de Ayala II
– ALI senior vice president Ma. Victoria Añonuevo
– Anflocor SVP Ricardo Floirendo
– Anflocor chair Antonio Floirendo Jr.
– Davao City Administrator Wendel Avisado
– and other top personalities of the two real estate companies.
Abreeza’s will have:
Mall’s Gross Leasable Area – 61,000 sqm
BPO Building One – 10,000 sqm
BPO Building Two – 8,000 sqm
Abreeza’s Development Timetable
Land Development Phase – Fourth Quarter of 2008
Start of Construction – First Quarter of 2009
Phase 1 – 35,000 sqm will be completed in the fourth quarter of 2010.
Phase 2 – 26,000 sqm will be completed in the third quarter of 2011.
BPO Building One – 10,000 sqm (5 levels) will be completed by the fourth quarter of 2009.
BPO Building Two – 8,000 sqm will be completed in the fourth quarter of 2011.
Abreeza will only consume around 7 hectares out of 10 hectares alloted for the development. The remaining 3 hectares is reserved for future developments such as a hotel.
This development will be under a joint venture company called Accendo Commercial Corp., with the following ownership structure: Anflocor – 33 percent and ALI – 67 percent.