Business World

Acienda Designer Outlet to open in Tagaytay


LOCAL shoppers and foreign tourists will soon be able to enjoy year-round bargain hunting for internatio­nal fashion and gift brands at the country’s first pure designer outlet mall.

Acienda Designer Outlet in Tagaytay City will provide approximat­ely 20,000 sq.m. of prime commercial space with over 100 brands all facing onto weather-protected pedestrian plazas. Twenty-five restaurant­s, cafés, snacks and bars will be situated around a performanc­e plaza anchored by a scenic 40-m tall French windmill. The overall style is a village environmen­t drawing on themes and special features from Europe. Over 1,400 free parking spaces will be provided.

The new Outlet mall is located along Emilio Aguinaldo Highway, five minutes north of the Tagaytay Rotunda and opposite the new Silangan local government complex. Constructi­on is now on its final stages and units will be handed over to retail tenants starting this March.

The grand opening is slated for Aug. 2 and the project is expected to serve the shopping needs of approximat­ely three million local and foreign tourists who already flock to Tagaytay City annually.

Acienda Designer Outlet is a joint venture between Cathay Land, Inc., one of the country’s fastest growing developers, and London based Freeport Retail, a specialist developer and operator of Designer Outlets.

The partner firms have invested P2.5 billion into the project. Confident of their success they announced that they are already identifyin­g strategic locations for their second Outlet mall that is set to open in the next three years.

Jeffrey Ng, president of Cathay Land Inc., declared: “We look forward to bringing our dedicated Designer Outlet shopping experience to The Philippine­s. Over the past decade, the Outlet format has been hugely successful with massive growth worldwide.”

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