Official Publication of the Philippine Information Agency Bicol Regional Office, in cooperation with the RIAC-REDIRAS - RDC Bicol

Wednesday, October 12, 2016

New business hubs soon to rise in Legazpi City

LEGAZPI CITY, Oct 12 (PIA) – More business groups have committed to invest and create more employment opportunities in Legazpi City.

Mayor Noel Rosal said these include giant business companies such as SM Prime Holdings and Gokongwei Group of Companies.

“The entry of giant business groups in Legazpi City signifies the city as a center of investment in Bicol with the city’s neighboring municipalities and provinces also expected to be a strong market for these groups,” Rosal said.

He noted that these businesses will create more employment opportunities for the community and contribute to the city’s local coffers by way of business taxes that the city can use for health and social services, infrastructure and environmental projects for its constituents.

The mall is expected to provide around 3,000 jobs to Legazpeños and residents from neighboring municipalities.

Rosal bared that SM Prime Holdings, owner of the country’s premier shopping malls, will have the groundbreaking ceremony of its P1.5-billion SM City Legazpi on January 2017. The company, which is one of the biggest shopping mall operators in Southeast Asia, is in the last stage of processing the necessary documents and permits to prepare for the construction.

He furthered that the city administration and SM management are now looking for a temporary transport terminal before starting civil works for the project.

The mall will be located within the 4.5-hectare area adjacent to the City Central Terminal complex and Ibalong Centrum for Recreation, which is at the heart of the city’s commercial district in Barangay Bitano.

The developer said the SM City Legazpi will be a four-level structure that will house a department store, supermarket, cyberzone, appliance center and a five-level car parking area which will be considered as among other world class lifestyle amenities.

Rosal said the Gokongwei Group of Companies is also planning to construct the Robinson’s Galleria de Legazpi at the adjacent area of the city’s grand terminal in Barangay Bitano.

The four-level shopping mall will be patterned after the Robinsons Galleria de Cebu and will house the Summit Hotel, Go Hotel and a Business Process Outsourcing center along with a multi-level parking area.

Currently, there are five malls operating in the city, including the Gaisano Mall owned by Cebu City-based Gaisano family and the LCC (Liberty Commercial Center)-Ayala twin malls co-managed by Tan Familyand the Ayala Group of Companies.

Recently opened in the city are Yashano Mall owned by the Hong Family and 101 Mall which is owned by a local businessman. (SAA/EPS-CGL/PIA5/Albay)

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