TriNoma 90% leased out, ready for May soft opening

TriNoma, Ayala Land Inc.’s latest shopping mall development, is almost completely leased out and ready for its soft opening in the first half of May. Ayala Land Inc. president Jaime Ayala told reporters on Wednesday that around 90 percent of the mall, located at the junction of Edsa and North Ave. in Quezon City, has been leased out to tenants representing both local and international brands. Ayala also said construction work on the firm’s single largest development is on schedule and on budget for its opening some time next month. The mall is estimated to have cost the company at most P5 billion to construct. “It’s just a matter of getting everything done… We are pushing everything for the opening some time in May. There is no exact date yet but the opening should be in the first half of the month," the official said. He said that by TriNoma’s “soft opening" next month, half of the mall will already be occupied. The property firm will fully open the mall some time in June. The mall will service all market segments, Ayala said, but will specifically cater to Quezon City’s high-end consumers. “TriNoma will be such a big mall that it runs the range of all markets… It will have basics for commuters, specialty stores and higher priced stores," Ayala said. “Quezon City is a very rich market. This mall will have a Greenbelt and Glorietta experience to it," he added, citing the real-estate firm’s two flagship malls located in Makati. Ayala said the company still has space in its property to extend development, possibly to add more retail space, a hotel, and office space to the area.-GMANews.TV