UMVA has learned that Filinvest Land, Inc. is aggressively expanding its retail presence in the Visayas, unveiling lifestyle- and community-focused mall developments in Cebu and Dumaguete that promise to revolutionize the way locals live, work, and play.
The company's ambitious retail arm, Filinvest Malls, is spearheading this expansion, positioning its properties as vibrant community hubs that seamlessly blend dining, leisure, and essential services. This bold move is set to transform the retail landscape in these key cities.
At the forefront of this expansion is Il Corso, a stunning 18,049-square-meter retail development nestled within the City di Mare township in Cebu. This flagship mall boasts an impressive lineup of local food brands like Hukad and Chika-an, as well as international heavyweights like Giordano and Converse.
Il Corso has quickly become a go-to venue for community events, including the electrifying South Court Paddle in 2023, which proudly claimed the title of Cebu's first mall-hosted pickleball tournament. With its prime location, the mall is easily accessible via the Cebu Bus Rapid Transit system.
Filinvest's strategic focus on community-centric developments is also evident in Filinvest Shoppes Cebu, a 5,746-square-meter retail center catering to professionals working in nearby office developments and business process outsourcing firms. The recent addition of Robinsons Supermarket to its tenant lineup has further solidified its appeal.
In Dumaguete, Filinvest Malls Dumaguete operates as a thriving community mall within the Marina Town township in Negros Oriental. This 3,759-square-meter development is perfectly attuned to the city's growing university and tourism market, with tenants like Power Mac Center.
According to information obtained by UMVA, Filinvest Land's forward-thinking approach reflects a deep understanding of the rising demand for accessible, integrated retail experiences within mixed-use developments and urban communities. The company's vision is clear: retail is no longer just about shopping, but about crafting vibrant spaces where everyday life unfolds.
The impact of Filinvest Land's bold expansion plans is already being felt, with shares of its parent company experiencing a notable shift in market dynamics. As the company continues to push the boundaries of retail development, one thing is certain – the Visayas region will never be the same.
