Davao developer keen on investing in Cebu

·2 min read

DAVAO City-based Alsons Development and Investment Corp. (Alsons Dev) expressed interest in investing in Cebu’s bustling property market.

This was announced by Jolla Amparo Soriaga, assistant general manager for business units group, during the launch of the company’s Poblacion Market Central in Davao City.

“We are open to possibilities of expanding in Cebu or in the Visayas,” the official said.

While plans aren’t certain yet, she said the company is looking out for investment opportunities in the Visayas, especially Cebu.

Meanwhile, Alsons Dev unveiled on Monday, Aug. 15, 2022, the Poblacion Market Central that houses small entrepreneurs in Davao City.

Davao is the country’s second most bustling metropolitan area outside the capital after Cebu.

Alsons Dev first opened the doors of Poblacion late last year. It hosted over 300 seasoned and up-and-coming artists during the Mindanao Art Fair in October 2021; gathered adventurous foodpreneurs, artists and artisans during the month-long Christmas Bazaar; and moved Aldevinco Shopping Center’s most loved and long-standing tenants to a new space with upgraded facilities in January of 2022.

It has been less than a year since the first customers walked into this new hub with almost a hectare of gross floor space, and so far, Alsons Dev has delivered a well-curated merchant mix of art, antiques, and souvenir shops, restaurant concepts, and convenience retailers with a convenient parking level. To date, Poblacion has over 70 merchants, with more opening in the fourth quarter.

Davao City welcomes local and international visitors in time for the Kadayawan Festival this week.

Alsons Dev first made its mark upon the creation of the Aldevinco Shopping Center in 1965, then Davao’s first commercial shopping center, followed by multiple residential projects that are now home to generations of Davaoeños. For more than five decades, Aldevinco housed Mindanaoan textiles, antiques, and pearl shops; it welcomed both locals and tourists, and it enabled entrepreneurs to start and flourish.

Early in 2022, Alsons Dev closed the old shopping center and relocated its tenants to Poblacion, providing better facilities, marketing support, and the foot traffic necessary for commercial success.

In the next four months, Poblacion will open more concept stores and experiences in time for the holidays.