Filinvest Land expands Visayas retail footprint

FILINVEST LAND, Inc. is expanding its retail presence in the Visayas as the developer pushes lifestyle- and community-focused mall developments in Cebu and Dumaguete.

“Today, its Visayas portfolio spans destination retail, community malls and amenity retail developments designed to complement the unique lifestyles of the communities they serve,” the company said in a statement on Tuesday.

Through its retail arm Filinvest Malls, the Gotianun-led developer is positioning its properties as community-centered destinations that combine dining, leisure and essential services.

Leading the expansion is Il Corso, an 18,049-square-meter retail development within the City di Mare township in Cebu.

The mall hosts local food brands such as Hukad and Chika-an alongside international retailers including Giordano and Converse.

Filinvest said Il Corso has also become a venue for community events, including the South Court Paddle in 2023, which it described as Cebu’s first mall-hosted pickleball tournament.

The development is accessible through the Cebu Bus Rapid Transit system.

Another Cebu property, Filinvest Shoppes Cebu, serves professionals working in nearby office developments and business process outsourcing firms.

The 5,746-square-meter retail center sits at the base of Filinvest Cebu Cyberzone Tower 3 and recently added Robinsons Supermarket to its tenant lineup.

Filinvest Land said the expansion reflects rising demand for accessible retail integrated into mixed-use developments and urban communities.

In Dumaguete, Filinvest Malls Dumaguete operates as a community mall within the Marina Town township in Negros Oriental.

The 3,759-square-meter development caters to the city’s growing university and tourism market and includes tenants such as Power Mac Center.

“Today, retail is no longer just about shopping; it is about creating places where everyday life happens,” Filinvest Land said.

Shares of Filinvest Development Corp., Filinvest Land’s parent company, fell 2.22% or 10 centavos to close at P4.40 each. — Alexandria Grace C. Magno