Cebu Business Park (CBP) is a 50-hectare master-planned development in

Cebu City Cebu City, officially the City of Cebu, is a Cities of the Philippines#Legal classification, highly urbanized city in the Central Visayas region of the Philippines. According to the 2020 census, it has a population of 964,169 people, making ...

, Cebu,

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

. Cebu Holdings, an affiliate of Ayala Land, is currently responsible for the development of Cebu Business Park. Integrating business, residential, sports, recreation and leisure facilities, the centerpiece of the business park is the 9-hectare

Ayala Center Cebu Ayala Center Cebu is a large shopping mall owned by Ayala Malls at the Cebu Business Park in Cebu City, Philippines. It is the first Ayala mall located outside of Metro Manila. It opened in November 1994, one year after their rival mall, SM Cit ...

shopping mall, which draws 60,000 shoppers daily.Q and A's

History

In the late 1980s, the Cebu provincial government headed by

Governor A governor is an politician, administrative leader and head of a polity or Region#Political regions, political region, in some cases, such as governor-general, governors-general, as the head of a state's official representative. Depending on the ...

Lito Osmeña sold its 45-hectare property used as the Club Filipino golf course to the Ayala Corporation. The Cebu Business Park was launched in 1989 with 100 commercial lots for sale, with Ayala Corporation, through its subsidiary, Cebu Holdings, retaining spaces for their own development. The development features for the Cebu Business Park were incorporated into the 1990 zoning ordinance of Cebu City. Land development work on the business park was completed in 1992. The very first building to rise in the park was the Cebu Holdings Center, an office condominium nine stories high, followed by

in 1994, and a

Marriott Hotel Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 h ...

in 1997 (now a Seda Hotel).

Businesses

As one of Cebu City's premier business and commercial districts, Cebu Business Park houses several companies ranging from business process outsourcing to industries. Among them are Innove Communications, Vivant Corporation, Johndorf Ventures Corporation, Taft Property, SGV & Co., Joaquin Cunanan & Co./PricewaterhouseCoopers, Regus, Jinisys Software, Taiheiyo Cement and

Cathay Pacific Cathay Pacific Airways Limited, or simply Cathay Pacific, is the flag carrier of Hong Kong, with its head office and main airline hub, hub located at Hong Kong International Airport. The airline's operations and its subsidiaries have schedule ...

. The business park is also home to local and foreign banking and financial institutions such as

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

, Citibank, Chinatrust Bank, BDO, Metrobank, LandBank, RCBC, Security Bank, PSBank, Chinabank, UnionBank and Asia United Bank.

Residential

Cebu Business Park hosts residential areas such as Ayala Land developments mostly within the immediate vicinity of

. Across the mall is Avalon Condo Cebu, a 21-story premium condominium complex. 1016 Residences, a 27-story condominium building, offers 109 exclusive two to three-bedroom units. There are also limited edition penthouse units with price ranging from ₱10 million to ₱45 million. The development features landscaped gardens, a kiddie play area, lobby lounge, roof deck and a sports facility. There is also Park Point Residences, a 38-story condominium building offering 255 one- and two-bedroom units to three-bedroom penthouse units. Alongside the two developments is the more recent The Alcoves, another luxury condominium spanning two residential blocks and scaling up to 37 stories featuring one- to three-unit bedrooms. Other developments include 21-story Sedona Parc and three-towered Solinea, residential projects by Alveo Land, and a subsidiary of Ayala Land.

References

External links

Cebu Business Park
* {{Cebu City 1989 establishments in the Philippines Populated places established in 1989 Commercial buildings completed in 1989 Buildings and structures in Cebu City Business parks of the Philippines Planned communities in the Philippines Shopping districts and streets in the Philippines

History

Businesses

Residential

See also

References

External links