NCCC Mall VP formerly known as Victoria Plaza is the first shopping mall in
Davao City
Davao City, officially the City of Davao, is a City of the Philippines#Legal classification, highly urbanized city in the Davao Region, Philippines. The city has a total land area of , making it the List of Philippine cities and municipalities ...
opened in 1993.
NCCC Malls acquired the mall and its complex on March 12, 2019 renaming and rebranding it to its current name. The place occupies a gross land area of 81,000 square meters.
Before its acquisition, it is the oldest mall in
Davao region
Davao Region, formerly called Southern Mindanao (; ), is an Regions of the Philippines, administrative region in the Philippines, designated as Region XI. Situated at the southeastern portion of Mindanao, enclosing Davao Gulf, it comprises fiv ...
. The said mall was also the first mall in Davao City and the second in the entire
Mindanao
Mindanao ( ) is the List of islands of the Philippines, second-largest island in the Philippines, after Luzon, and List of islands by population, seventh-most populous island in the world. Located in the southern region of the archipelago, the ...
after
Limketkai Center
Limketkai Center ( Chinese: 林市場偕中心, or 林克凱中心; ) is a shopping mall in Cagayan de Oro, Philippines. Known by the locals as ''Ketkai,'' it is owned and developed by Limketkai and Sons, Inc., the largest factory and business ...
in
Cagayan de Oro
Cagayan de Oro (abbreviated CDO and officially the City of Cagayan de Oro; ; Bukid language, Binukid: ''Ciudad ta Cagayan de Oro''; ; ) is a Cities of the Philippines#Legal classification, highly urbanized city in the Regions of the Philippi ...
which opened in 1991.
History
The original Victoria Plaza was built in the early 1990s by the late businessman Robert Alan L. Limso through his Davao Sunrise Investment and Development Corp. The three-storey Victoria Plaza became a local icon as the first shopping mall in Davao City.
Mr. Limso, also known to be close to some politicians in the city including former President
Rodrigo Duterte
Rodrigo Roa Duterte (, ; born March 28, 1945) is a Filipino lawyer and politician who served as the 16th president of the Philippines from 2016 to 2022. He is the first Philippine president from Mindanao, and is the oldest person to assum ...
as he served as a city councilor from 1981 until his resignation in 1986 after the transitory government of the late President
Corazon C. Aquino
María Corazón "Cory" Sumulong Cojuangco-Aquino (; January 25, 1933 – August 1, 2009) was a Filipino politician who served as the 11th president of the Philippines and the first woman president in the country, from 1986 to 1992. She was ...
, eventually mortgaged the mall to a
Philippine National Bank
The Philippine National Bank (PNB, ; ; Hokkien in the Philippines, Hokkien ) is a major Filipino bank based in Pasay in the Philippines. It was established by the Philippine government on July 22, 1916, during the Insular Government, America ...
. Because of his failure to pay and the decline of the mall, the bank eventually possessed the property.
On 2019, New City Commercial Corporation (NCCC), a local pioneering retail player in Davao, has acquired the historic mall. The acquisition was sealed in a signing ceremony on March 12 with the Lucio Tan-owned Philippine National Bank (PNB) at the PNB Financial Center in Manila.
Future development
NCCC presented a five-phase development of the 9.6-hectare property, where Victoria Plaza currently stands. The area is planned to a be mixed-use development with eight high-rise condominiums, serviced apartments, retail strips, lush green space, and a five-star hotel. The development is expected to run from seven to 10 years and the last phase of the development will involve the reconstruction of the original mall.
References
{{Philippine shopping mall brands
Shopping malls established in 1993
Buildings and structures in Davao City
Shopping malls in Davao City