Cebu Business Park
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Cebu Business Park (CBP) is a 50-hectare masterplanned development in Cebu City, Philippines. It integrates business, residential, sports, recreation and leisure facilities.
The centerpiece of the business park is the 9-hectare Ayala Center Cebu shopping mall, which draws 60,000 shoppers daily.[1][2]
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[edit] History
In the late 1980s, the Cebu provincial government sold its 45-hectare property used as the Club Filipino Golf Course to the Ayala Corporation.[3] 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.[3]
To spur further commercial activity, the 6-hectare Ayala Center Cebu shopping mall was built as the business park's centerpiece.
Cebu Holdings, an affiliate of Ayala Land, is currently responsible for the development of Cebu Business Park.[2] As of 2003, it is the single largest urban development project in the Philippines outside of Metro Manila.[2]
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