CityMall (Philippines)

CityMall Commercial Centers, Inc.
Community mall management
Traded as CityMall Philippines
Industry Shopping Malls
Founded December 2013
Number of locations
 15 [1]
Area served
 Philippines
Key people
 Edgar Injap Sia and Tony Tan Caktiong (co-founders, Chairman and CEO)
Owner Double Dragon Properties, Inc.
Website citymall.com.ph

CityMall, a subsidiary of Double Dragon Properties, Inc. (jointly owned by Mang Inasal founder Edgar “Injap” Sia II and Jollibee Foods Corp. chairman Tony Tan Caktiong) is a chain of community shopping malls in the Philippines, with branches across the Philippines.[2] This community mall chain is envisioned to have 100 malls nationwide by the year 2020 to cater the needs of shoppers from all walks of life.[3] Every CityMall branch has at least five stores owned by Jollibee Foods Corporation and has a known or locally owned supermarket as main anchor.

History

The billboard signage of CityMall Tetuan, Zamboanga with its retail and anchor stores

Due to the success of shopping malls around the country, Double Dragon Properties envisioned to have a concept of community mall to serve shoppers for its accessibility and convenience. The CityMall brand was launched in late 2015, with CityMall Arnaldo, Roxas as its first mall.

In 2014, SM Investments Corporation, owner of the country's premier mall chain SM Supermalls acquired 34% of the stake of CityMall Commercial Centers, Inc. leading to its partnership with Double Dragon.[4] In this partnership, the mall's foodcourt will be anchored by Injap and Cakitong's fast food chains like Jollibee, Greenwich, Chowking, Mang Inasal, Red Ribbon, and Highlands Coffee while other retailing outlets will be anchored by SM stores like Watsons Philippines, Ace Hardware, BDO, and SM Appliance Center.

The first branch in Arnaldo St., Roxas City has Robinsons Supermarket and other brands from Robinsons Retail Holdings (owned by John Gokongwei) as anchor tenants. In Zamboanga, CityMall Tetuan, Zamboanga and Grand CityMall Guiwan has Shop-O-Rama Hypermarket as their anhor supermarket while in Iloilo has Iloilo Supermart.[5][6] Other branches' supermarket are anchored by SM Savemore and as per result to their CityMall's ownership shares with SM.

On November 8, 2016, Grand City Mall Mandalagan made its grand opening, making the first Grand City Mall to open.[7] Unlike in a regular CityMall branch, Grand CityMall had cinemas and twice the size in terms of their gross leasable area.[8]

Although they're new in the mall retail business, CityMall took fast to expand their malls with only 8 months to take for their construction per mall.[9][10] This makes them optimistic to reach their 100 mall mark by year 2020 with an investment to at least PhP 5 B.[11][12] Some of the CityMall branches are contracted to at least 26 years with local land developers in the country. This means after 26 years, local developers whom CityMall had deal with shall own and operate the mall.

Branches

Existing Branches

This includes malls that is under construction.

Name Opening Date Land area (m²) Floor area (m²) Location and description Remarks
CityMall Arnaldo, Roxas March 27, 2015 14,000 7,350 + annex Arnaldo Boulevard, Baybay, Roxas, Capiz First CityMall to open in the country.[13][14][15]
CityMall Consolacion, Cebu May 27, 2015 10,000 Sta. Lucia Townsquare, Cansaga, Consolacion, Cebu First CityMall with SM Savemore as their anchor supermarket. The mall is contracted with a 30-year leasing agreement with Eagle Land Development Corporation.[16]
CityMall Anabu, Imus August 12, 2015 10,000 Emilio Aguinaldo Highway, Anabu, Imus, Cavite First CityMall in Luzon.[17] The mall is located at Liwayway Marketing Corporation's vacant lot with a 26-year leasing agreement between CityMall and Liwayway.[18]
CityMall Tetuan, Zamboanga September 30, 2015 14,000 Don Alfaro Street, Tetuan, Zamboanga City, Zamboanga del Sur First CityMall in Mindanao and the first CityMall with a local anchor supermarket, Shop-O-Rama Hypermarket.[19][20]
CityMall Tagbak, Iloilo October 10, 2015 10,000 Tagbak, Jaro, Iloilo City Supermarket is anchored by Iloilo Supermart.[6] The mall is contracted with a 26-year leasing agreement with Iloilo Commecial Development Corporation.[16][21][22]
CityMall Kalibo April 25, 2016 F. Quimpo Ext., Kalibo, Aklan
CityMall Villa Escudero, Tiaong May 7, 2016 Maharlika Highway, Lalig, Tiaong, Quezon Serving for residents and tourists inside Villa Escudero Plantations and Resort, CityMall Villa Excudero is set to operate with a 26-year long-term lease.[23][24]
CityMall Parola, IloiloJuly 14, 2016 Parola, Iloilo City CityMall Parola was having a trouble before its opening after the officials of Iloilo City found out that it does not have business permit. It all started when conflicts arise on the Joint Venture Agreement between CityMall and the Parola Ferry Terminal (also known as the Guimaras-Iloilo Ferry Terminal).[25][26]

However, the problem with their permit seems to solved following the mall grand opening last July 14, 2016.[27][28]

CityMall Cotabato Octobet 18, 2016 15,000 Gov. Gutierrez Ave., Cotabato City, Maguindanao The biggest CityMall at its opening in terms of GFA (with regards to Grand CityMalls) and the first national retail mall in Cotabato City.[29] And with regards to Grand CityMalls, CityMall Cotabato will be the first CityMall to have its own cinemas.[30]
Grand CityMall Mandalagan, Bacolod November 8, 2016 39,000 Lacson St., Mandalagan, Bacolod, Negros Occidental First Grand CityMall in the Philippines.[31]
CityMall Santa Rosa December 2016 Pan-Philippine Highway, Santa Rosa, Nueva Ecija First CityMall in Nueva Ecija
CityMall Surigao 2017 Pan-Philippine Highway, Brgy. Luna, Surigao City, Surigao del Norte [32]
CityMall Sorsogon January 2018 8,676 Pan-Philippine Highway, Rizal Street, Sorsogon City, Sorsogon
CityMall Isulan November 2018 8,496 Isulan-Tacurong City Road, Isulan, Sultan Kudarat
CityMall Tagum TBA Lapu-Lapu Street, Pan-Philippine Highway, Tagum, Davao del Norte [33]
CityMall Dumaguete TBA Veterans Avenue National Highway (Dumaguete-Bacong Road), Dumaguete, Negros Oriental [34][35]
CityMall Koronadal TBA General Santos Drive, Koronadal, South Cotabato [36][37]
Grand CityMall Bacalso, Cebu TBA Bacalso Avenue, Cebu City Cebu's second CityMall.[38] However, Grand CityMall Bacalso, Cebu is facing disputes over the ownership of the lot.[39][40]
CityMall Boracay TBA Boracay, Malay, Aklan Like CityMall Anabu, Imus and CityMall Villa Excudero, CityMall Boracay is set to operate with a 26-year long-term lease.[41]
CityMall Dau, Mabalacat TBA S and Manila Bound Buses, Dau, Mabalacat, Pampanga [29][42]
CityMall Goldenfields, Bacolod TBA Goldenfields West Side, Bacolod, Negros Occidental [43]
Grand CityMall Guiwan, Zamboanga TBA Guiwan, Zamboanga City, Zamboanga del Sur First Grand CityMall in Mindanao, and its second mall in Zamboanga City
CityMall SCTEXTBA Clark Freeport Zone, Pampanga A mall project with Seaoil Philippines as its partner for their anchor gasoline station.[34][35]
CityMall Ungka, Iloilo TBA C-1 Road, Jaro, Iloilo City Like in their branch in Tagbak, CityMall Ungka, Iloilo is contracted with a 26-year leasing agreement with Iloilo Commecial Development Corporation.[16][21][22]
CityMall Tarlac TBA MacArthur Highway, Tarlac City, Tarlac
CityMall Kabankalan TBA Kabankalan, Negros Occidental [44]
CityMall Bulua, Cagayan De Oro TBA Bulua, Cagayan de Oro, Misamis Oriental [45]
CityMall Iponan, Cagayan De Oro TBA Iponan, Cagayan de Oro, Misamis Oriental [45]
CityMall Ozamiz TBA Ozamiz, Misamis Occidental [46]
CityMall Northtown, Davao TBA Toril, Davao City [47][48]
CityMall Dipolog TBA Dipolog, Zamboanga del Norte [49]
CityMall Pagadian TBA Pagadian, Zamboanga del Sur [49]
CityMall Victorias TBA Victorias, Negros Occidental [49]
CityMall Passi TBA Passi, Iloilo [49]
CityMall Mayombo, Dagupan TBA Mayombo, Dagupan, Pangasinan [49]
CityMall Calamba TBA Calamba, Laguna [49]
CityMall Calapan TBA Calapan, Oriental Mindoro [49]
CityMall Tuguegarao TBA Tuguegarao, Cagayan [49]
CityMall Aparri TBA Aparri, Cagayan [49]
CityMall General Trias TBA General Trias, Cavite [49]
CityMall San Carlos, Pangasinan TBA San Carlos, Pangasinan [49]
CityMall Cadiz TBA Cadiz, Negros Occidental [49]
CityMall Baler TBA Baler, Aurora [49]

See also

External links

References

  1. ↑ http://interaksyon.com/business/101724/doubledragon-picks-site-for-second-citymall-in-bacolod
  2. ↑ "SEC gives DoubleDragon P15-B retail bonds the green light". GMA News Online. Retrieved 2016-12-03.
  3. ↑ "Hottest stock: DoubleDragon". The Standard. Retrieved 2016-12-03.
  4. ↑ "SM Group acquires 34% stake in DoubleDragon's CityMall". The Philippine Star. February 18, 2014. Retrieved January 24, 2016.
  5. ↑ "CityMalls to build 2 outlets in Zamboanga". InterAksyon.com. Retrieved 2016-11-27.
  6. 1 2 "City Mall opens 5th branch in Tagbak, Jaro, Iloilo City". Retrieved 2016-11-27.
  7. ↑ "City Mall Mandalagan (Bacolod) Grand Opening". PinoyBoxBreak. Retrieved November 9, 2016.
  8. ↑ "DoubleDragon-SMIC unit to build second CityMall in Cebu". GMA News Online. Retrieved 2016-11-23.
  9. ↑ "DoubleDragon's first CityMall ready for rollout". InterAksyon.com. Retrieved 2016-11-28.
  10. ↑ News, ABS-CBN. "DoubleDragon completes construction of 1st CityMall". ABS-CBN News. Retrieved 2016-11-28.
  11. ↑ "Double Dragon plans 100 CityMalls - Inside Retail Philippines". Inside Retail Philippines. 2016-09-27. Retrieved 2016-11-28.
  12. ↑ "DoubleDragon sets P5B for City Mall expansion - The Manila Times Online". www.manilatimes.net. Retrieved 2016-11-28.
  13. ↑ Dumlao, Doris C. "DoubleDragon ready for grand opening of first CityMall". business.inquirer.net. Retrieved 2016-11-23.
  14. ↑ "DoubleDragon opens first CityMall". InterAksyon.com. Retrieved 2016-11-23.
  15. ↑ News, ABS-CBN. "DoubleDragon opens 1st CityMall in the country". ABS-CBN News. Retrieved 2016-11-23.
  16. 1 2 3 "DoubleDragon-SMIC venture to build a CityMall in Imus, Cavite". GMA News Online. Retrieved 2016-11-28.
  17. ↑ "DoubleDragon opens first CityMall in Luzon – Caphital". caphital.com. Retrieved 2016-11-23.
  18. ↑ News, ABS-CBN. "CityMall to be built on Oishi snacks maker's property in Cavite". ABS-CBN News. Retrieved 2016-11-23.
  19. ↑ "DoubleDragon opens first CityMall in Mindanao - The Manila Times Online". www.manilatimes.net. Retrieved 2016-11-23.
  20. ↑ News, ABS-CBN. "DoubleDragon to build 2 CityMalls in Zamboanga". ABS-CBN News. Retrieved 2016-11-23.
  21. 1 2 "DoubleDragon-SMIC venture to build 2 CityMalls in Iloilo City". GMA News Online. Retrieved 2016-11-28.
  22. 1 2 Dumlao, Doris C. "DoubleDragon bags 2 Iloilo property deals". business.inquirer.net. Retrieved 2016-11-28.
  23. ↑ "DoubleDragon unit secures lot in Tiaong for 12th CityMall - The Manila Times Online". www.manilatimes.net. Retrieved 2016-11-27.
  24. ↑ News, ABS-CBN. "DoubleDragon to build CityMall in Quezon". ABS-CBN News. Retrieved 2016-11-27.
  25. ↑ "CityMall Parola can't operate without a business permit". Sun.Star. 2016-07-05. Retrieved 2016-11-27.
  26. ↑ "Parola ferry terminal opens sans franchise in Iloilo". Sun.Star. 2016-07-27. Retrieved 2016-11-27.
  27. ↑ User, Super. "MAGARBO OPENS NEWEST BRANCH @ CITY MALL-PAROLA". www.thedailyguardian.net. Retrieved 2016-11-27.
  28. ↑ "City Mall sa GIFT complex sa Parola area, Operational na – Aksyon Radyo Iloilo 720Khz". www.aksyonradyoiloilo.com.ph. Retrieved 2016-11-27.
  29. 1 2 Dumlao, Doris C. "DoubleDragon Properties to build malls in Cotabato City, Dau". business.inquirer.net. Retrieved 2016-11-27.
  30. ↑ "COTABATO CITY - CityMall Cotabato City... - Mindanao Economic Boom | Facebook". www.facebook.com. Retrieved 2016-11-27.
  31. ↑ "DoubleDragon picks site for second CityMall in Bacolod". InterAksyon.com. Retrieved 2016-11-23.
  32. ↑ "Investments in Surigao City - Filipino Homes Blog". Filipino Homes Blog. 2016-06-27. Retrieved 2016-11-27.
  33. ↑ "Tagum to have 2 new malls | Mindanao Times". mindanaotimes.net. Retrieved 2016-11-27.
  34. 1 2 News, ABS-CBN. "More CityMalls to sprout up around the country". ABS-CBN News. Retrieved 2016-11-27.
  35. 1 2 "DoubleDragon picks 5 more sites for chain of community malls". InterAksyon.com. Retrieved 2016-11-27.
  36. ↑ "CityMall Koronadal now rising". Retrieved 2016-11-27.
  37. ↑ "Convention center eyed in Koronadal City | MindaNews". www.mindanews.com. Retrieved 2016-11-27.
  38. ↑ News, ABS-CBN. "DoubleDragon to build 2nd mall in Cebu". ABS-CBN News. Retrieved 2016-11-27.
  39. ↑ "Property dispute stalls CityMall development". philstar.com. Retrieved 2016-11-28.
  40. ↑ Lucero, Vanessa (2015-10-04). "Case involving CityMall site to drag on for years". Cebu Daily News. Retrieved 2016-11-28.
  41. ↑ News, ABS-CBN. "DoubleDragon to build CityMall in Boracay". ABS-CBN News. Retrieved 2016-11-27.
  42. ↑ News, ABS-CBN. "DoubleDragon bags 2 lots in Pampanga, Cotabato City". ABS-CBN News. Retrieved 2016-11-27.
  43. ↑ "DoubleDragon secures site in Bacolod City for 14th CityMall". The Standard. Retrieved 2016-11-27.
  44. ↑ "Kabankalan poised to become 'economic center' of Region 18". Sun.Star. 2016-01-18. Retrieved 2016-11-24.
  45. 1 2 "More CityMall In Cagayan de Oro | CDO Encyclopedia". CDO Encyclopedia. 2015-08-21. Retrieved 2016-11-24.
  46. ↑ "RBSANCHEZ PME CONSULTANTS ASSOCIATES, INC.". www.rbs-engineers.com. Retrieved 2016-12-03.
  47. ↑ "Citymall to rise at Northtown Davao | Alsons Properties". Alsons Properties. Retrieved 2016-11-27.
  48. ↑ "CityMall to open branch at Alsons' Northtown | Mindanao Times". mindanaotimes.net. Retrieved 2016-11-27.
  49. 1 2 3 4 5 6 7 8 9 10 11 12 13 "CityMall Christmas Holiday EXTENDED Mall... - DoubleDragon Properties Corp. | Facebook". www.facebook.com. Retrieved 2016-12-03.
This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.