Robinsons at Abreeza

Davao City will have a full-service Robinsons Department Store located at Abreeza, the Ayala Center project here of Ayala Land and the Floriendo Group.

Clavel Tongco, Senior Division Head of Ayala Malls based in Cebu City told me that Robinsons Department Store would be the anchor department store at the Ayala Center Davao at Bajada.

She said Robinsons would build its own department store connected to the Abreeza Mall.

Robinsons recently opened a Cyber Center along JP Laurel but with limited space for stores and restaurants. The entire second level of the center is devoted to BPO business locators.

Tongco said the Ayala Center Davao is expected to open in mid 2011 with development cost topping P2.4 billion.

The Davao City Investment Incentive Board recently granted its application for local tax holidays.

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City grants incentives to 3 big projects

The Davao City Investment Incentive Board led by Vice Mayor Sara Duterte granted yesterday the application of three projects for local government incentives.

The projects are all property development, namely:

Abreeza, the Ayala Mall in Davao, a joint venture between Ayala Land and the Floirendo Group, and with a project cost of P2.4 billion;

Santiago Villas of Kisan Lu Realty, Inc. with a project cost of P253 million; and

Deca Homes Resort and Residences of 8890 Housing Development Corporation with a project of P586 million.

They were granted exemption from payment of local taxes, building permits fees and other charges for three years and property taxes for two years.

Projects processed by the local Investment Incentive Board for this year have already reached P4.1 billion, way above its goal.