Ayala sets P800-M expansion in Cebu.(Business News) From: Manila Bulletin | Date: March 11, 2007 | COPYRIGHT 2007 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Byline: BERNIE CAHILES-MAGKILAT

The Ayala conglomerate is on an expansion binge in the south with an P800 million allocation for the expansion of the Ayala Center in Cebu and the redevelopment of the Lagoon as well as the construction of a new building on its Asia Town IT Park to address the shortage in commercial spaces and business process offices in Cebu.

Francis Monera, president of Cebu Property Ventures Development Corp. which is majority-owned by Cebu Holdings Inc., a unit of the Ayala Group, said the expansion and the redevelopment of the lagoon area would add an ...

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