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Ortigas spending P5.8b on four shopping hubs

By Jenniffer B. Austria | Posted on Feb. 20, 2013 at 12:01am |
[ manilastandardtoday.com ]
Ortigas & Co. Inc. is spending P5.8 billion to finance four retail projects that will more than double the company’s current portfolio.
Ortigas & Co general manager for shopping center division Cathy Casares-Ko said in a press briefing the four retail projects under way included the expansion of the Greenhills Shopping Center and Tiendesitas and the construction of two new shopping centers—Estancia at Capital Commons and Industria at Circulo Verde.
Ko said the new projects would increase the company’s gross leasable area to 340,000 square meters.
The company plans to add 160,000 sq. m. in leaseable space to Greenhills Shopping Center and 20,000 sq. m. to Tiendesitas. Estancia will add 31,000 sq. m. while Industria will contribute 13,000 sq. m. in the group’s leasable space.
Located at the flagship development Circulo Verde, Industria is set to open in the first quarter of 2014.
Ko said Industria would have an interesting mix of tenants composed of a neighborhood grocery, restaurants, weekend markets featuring organic choices, as well as craft fairs.
A special section of Industria called the Lab will house novel concepts in arts, culture and design.
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