Speaking at the Business Forum at Hukad maiden edition, Jannice Parreño, the general manager of Ayala Malls Abreeza said renovation works will start later this year, and at the same time construction of the additional mixed-use development will go full blast early next year.
The new building comprises six levels of restaurants, retail outlets, business process outsourcing (BPO) and office spaces, and a basement for parking. It is targeted to open in 2026, she said.
“For the expansion, that’s an additional 22,000 square meters for the mall that will be a new building with mixed-use both retail and office spaces. Aside from expansion, there will be a renovation in the main mall to make everything updated in time for the expansion, Parreño said.
Abreeza which is the first Ayala Mall in Mindanao is a 10-hectare estate located at J.P. Laurel Avenue, Bajada, this city. It opened on May 12, 2011
Presently a total of 58,000 square meters or 94 percent of the total property is leased out to about 300 stores and an estimated 70-80parks and kiosks. The expansion will be the last remaining one hectare of the estate, she said.
The expansion according to Parreño is driven by the growing interest in new brand locators, growth in mall sales above the pandemic levels, and high occupancy. “Those are the matrix we usually monitor to ensure we are ready for expansion,” she said.
At this early, potential retail stores and resto owners would cover at least 60 percent of the new upcoming spaces.
“We cannot disclose some of the brands who are interested in signing in 60 percent of our total space although we have not even started leasing out; that’s the indication for us, even without the building, ready na sila (they are ready) to come into Davao that's how excited they are, the Davao market,” she said.
The management she said, is targeting to bring in the best, first in Davao or first in Mindanao brands and bio concepts so people will not have to go to Cebu and Manila to be able to shop and buy or dine in their favorite stores and restaurants.
The mall is currently preparing for renovation and expansion works to mitigate disruptions of the mall operations.
“We want to make sure shoppers will be able to come and operations will not be hampered.”
Jannice Parreño, general manager Ayala Malls Abreeza
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