Saturday,
May 12, 2012
THE
11-storey Kukun Hotel, which sits within the Abreeza mixed-use district in
Bajada, this city, was topped yesterday, marking the completion of its
structural components and the start of the finishing and details.
The
hotel is scheduled to open by next year as Ayala Land Inc. continues the
building of Abreeza Residences and soon the Abreeza Place.
“We are
encouraged by the positive economic prospects we have been experiencing here,”
Ayala Land Inc. chief executive officer Antonio Aquino said in a short
interview at Spirale Ristorante in Abreeza Mall yesterday after the topping
ceremonies timed with the first year of operation of Abreeza Mall.
Aquino
pointed out that among the encouraging signs they are banking on is that they
started the Abreeza project right at the height of the global economic crisis,
and yet its development and eventual one-year operation has not even been
slowed down.
There is
no other word for the development than bullish as side by side with the
operation and continued entry of new merchants in the mall, not just the hotel
is under construction but also the Abreeza Residences, the business process
outsourcing, and soon the Abreeza Place, which is in response to the brisk sale
of the residences, which at present is now sold out.
“All of
these, we’ve put in some P6-billion in investments and there’s some P2-billion
more coming,” Aquino said. The Abreeza masterplan follows the Ayala brand of
development of Makati where every activity of a person and business is taken
into consideration and provided. Bringing the lessons learned from the Ayala
development in Makati, Aquino said, those who invest will surely see their
investment gro.
“Our
mall is well patronized, the merchants are getting the right kind of sales and
value, and we are just starting. We are able to sell out the Residences, and
soon we will have the Abreeza Place, it will be even better in the future,” he
said, pointing out Ayala’s large-scale integrated development masterplan as one
advantage that can only drive property values up for any investor. (Stella A. Estremera)
Published in the Sun.Star Davao
newspaper on May 13, 2012.
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