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Friday, March 29, 2024

Ayala mall not as big as MoA afterall

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The SM group could still claim the distinction of having the largest shopping mall on Manila Bay, as Ayala Land Inc.’s planned shopping center in the Aseana City complex in the reclaimed portion of Parañaque City will not be bigger than the Mall of Asia in Pasay City, contrary to previous news reports.

Ayala Land senior vice president Jose Emmanuel Jalandoni said the proposed shopping mall within a nine-hectare complex that the company would develop under a lease agreement with the Wenceslaos would have 200,000 square meters of gross leasable space.

This is less than half of the 407,000 square meters of gross leasable space of Mall of Asia, which is now the country’s third largest shopping mall, next to SM Megamall in Mandaluyong City and SM North Edsa in Quezon City.

So who is to be blamed for the inaccurate information fed to the press on the planned Ayala Land mall in Aseana City complex?

The official press statement released by the city government of Parañaque was apparently based on Ayala Land’s specific application submitted to lawyer Melanie Malaya, the head of the city’s business permits and licensing office.

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Based on Ayala Land’s application for a locational clearance for the construction of a mall along Macapagal Avenue, Malaya said the planned project would be bigger than the nearby SM Mall of Asia complex.

Ayala Land president Bobby Dy, however, strongly denied putting the words “bigger than Mall of Asia” in its letter to the city government of Parañaque.

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