After the completion of the lagoon development of Ayala Center Cebu, which is expected by March or April, Cebu Holdings Inc. (CHI) will kick off another expansion plan of the shopping mall area pursuing the original plan of developing the Cebu Business Park’s (CBP) 9.6 hectare super block.

In an interview with CHI president and chief executive officer (CEO) Francis O. Monera, he said that the Phase 2-B project will be pursued by the company next year, starting with a study on how to develop a concept for another shopping mall expansion.

CHI is going to finish its P850 million expansion project of Ayala Center including the completion of the Ayala Center expansion building, and the transformation of its lagoon area to a chic Food and Beverage (F&B) strip. The Freeman