Gaisano puts up P2B investment in 40-storey tower

Gaisano Capital Group reaffirms its trust and confidence with Iloilo City’s booming business climate as it unveils its more than P2-billion property investment that includes a 40-storey building along Diversion Road in Mandurriao district Friday.

The project dubbed as the Iloilo City Center is a 20-hectare total development of multi-mixed used commercial complex and attractions, according to Gaisano Group’s Carlos ‘Bobby’ Legara, vice president for Western Visayas.

To be constructed in the façade of the center, is the 40-storey building for business process outsourcing companies, amusement and hotel rooms that could accommodate more than a thousand guests.

Aside from the shopping malls, a condominium, hospital and a church, the commercial complex will also highlight the promotion of ecotourism and enhancement of the Iloilo River with the creation of a wetland area and man-made lagoon.

Legara noted that since their entrance in the city in 1983, this recent project expected to be completed in two years is one of its biggest in the country.

Meanwhile, with the said investment, Mayor Jed Patrick Mabilog expressed his enthusiasm for another 10,000 jobs for the Ilonggos.

Mabilog said that aside from career opportunities, the job generated will also serve as “economic multipliers and, most important, food on the table for the Ilonggos.”

“This project will soon represent a tremendous economic growth opportunity for Iloilo City and the region,” he stressed.

The mayor also hope that the completion of the Iloilo City Center would see the growth of microentrepreneurship and small and medium enterprises in the city.*