Araneta Center is spending P50 billion more for its Cubao property and its continued redevelopment. According to Araneta Senior VP for Operations Antonio T. Mardo, “In the pipeline, we’re looking at the present estimate is about P10 billion maybe over 5 to 10 years.”
This budget is to cover the expansion of Gateway Mall, the construction of at least three more office towers in the CyberPark Complex, and other things. The company hopes to complete CyberPark Tower 2 within 2018’s second semester. The other three’s schedules are expected to be market-driven.
