P1.6-B Ayala investment to create jobs in Bicol

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LEGAZPI CITY: The construction of a new mall in Legazpi City will generate more than 4,000 jobs, a business executive said.

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Ayala Corporation partnered with Liberty Commercial Center management, the owner of Bicol’s oldest and biggest chain of malls, to construct a mall that is set to open by December 2015.

“We’re here to bring the best of Ayala, to help and provide employment, pay our taxes here as we’re impressed with the growing number of tourists, infrastructure and (a) booming economy,” said Hamm Katipunan, Ayala business development and strategic planning group manager.

He said that for the construction aspect alone, more than 1,000 workers would be hired while more than 3,000 will be employed for the soft opening set on December.

The building was once owned by the Tan family, who are pioneers in building local malls since 1945 in the three key cities of the region namely; Tabaco, Legazpi and Naga.

Ayala will operate the four-story premier mall with four cinemas, and Al fresco dining on the fourth floor where visitors could view the majestic Mayon volcano.

Katipunan said the stores would be a blend of national and local brands while 10 percent of the stores will be allotted to local businessmen.

“We wanted Ayala because we want the best for Bicolanos. So we thank the Ayala (group) for responding (to) our plea,” Antonio Tan president of LCC Mall said.

Mayor Noel Rosal said that aside from Ayala, more investors are coming in here like SM City and Robinson’s aside from two other malls being constructed in this city such as the Gregorian and Yashano malls.

With massive infrastructure development, business growth and big influx of foreign and domestic tourists in this city, Legazpi according to Rosal is the next commercial hub in the country, next to Davao and Cebu.

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2 Comments

  1. Abe Bigcas, Jr. on

    This partnership does not only promise employment opportunities to Bicolano Talents, but it will showcase the new trend in the industry. This is a partnership that will totally transform the region’s business landscape, opening up the gateways and wide avenues to an “inclusive economic progress”….

    Albany Mabuhay!!!!

  2. one move closer to become “METRO LEGAZPI CITY”. Mabuhay ang mga taga Legazpi..Uragon ang mga bicolano! Thanks to Tan”s family for making this dream come true to all the people of Legazpi City. And Mabuhay ka Mayor Rosal for your inspiring good governance for the City of Legazpi.