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Gaisano group diversifies

Posted on September 13, 2012 09:55:57 PM [ BusinessWorld Online ]

CEBU CITY -- The Gaisano Grand Group, whose core business is retail, is diversifying into property development with the launching next week of its first residential condominium project here.

Grand Land, Inc., property development arm of the group, said in a statement it will develop a condominium village within a 3.2-hectare resort community located in Banilad, just a few meters away from the major business districts here.

The project, called Grand Residences Cebu, will offer a total of 2470 studio, one-bedroom and two-bedroom units. Six condominium towers will rise amid a tropical landscape.

“We want to change the way people see residential communities with our projects that don’t only offer a roof, but also a lifestyle that will nurture and give pleasant memories to Filipino families,” the company said in its press release.

The Gaisano Grand Group, founded by Benito Sy Gaisano, runs 18 Gaisano Grand malls in the Visayas and Mindanao with more than 10,000 employees. -- MSV           

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