Cebu Business Park (CBP) is a 50-hectare master-planned development in

Cebu City Cebu City, officially the City of Cebu ( ceb, Dakbayan sa Sugbo; fil, Lungsod ng Cebu; hil, Dakbanwa sang Sugbo), is a 1st class Cities of the Philippines#Legal classification, highly urbanized city in the Central Visayas Regions of the P ...

Cebu Cebu (; ceb, Sugbo), officially the Province of Cebu ( ceb, Lalawigan sa Sugbo; tl, Lalawigan ng Cebu; hil, Kapuroan sang Sugbo), is a province of the Philippines located in the Central Visayas region, and consists of a main island and 167 ...

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. Cebu Holdings, an affiliate of

Ayala Land Ayala Land, Inc. (ALI) is a real estate firm based in the Philippines. It is a subsidiary of Ayala Corporation. It began as a division of Ayala Corporation until it was spun off and incorporated in 1988. It became publicly listed in the Phi ...

, is currently responsible for the development of Cebu Business Park. Integrating 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.Q and A's
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History

In the late 1980s, the

provincial government headed by governor Lito Osmeña sold its 45-hectare property used as the

Club Filipino Club Filipino (pronounced ''klub'') was the first exclusive social club in the Philippines, founded on November 6, 1898 by Filipino high society, including Spanish ''mestizos'' and members of the native aristocracy. It is located between North Gr ...

golf course to the

Ayala Corporation Ayala Corporation (Spanish: ''Corporación Ayala'', formerly ''Ayala y Compañía'' (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and A ...

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The Cebu Business Park was launched in 1989 with 100 commercial lots for sale, with Ayala Corporation, through its subsidiary, Cebu Holdings, retaining spaces for their own development. 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. The very first building to rise in the park was the Cebu Holdings Center, an office condominium nine stories high, followed by Ayala Center Cebu in 1994, and a

Marriott Hotel Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 ...

in 1997 (now a

Seda Hotel Seda (occasionally referred to as Seda Hotels) is a Philippine brand of hotels owned and operated by Ayala Land Hotels and Resorts, a subsidiary of Ayala Corporation. The first hotel under the Seda brand began operations in 2012 with the opening o ...

Businesses

As one of Cebu City's premier business and commercial districts, Cebu Business Park houses several companies ranging from

business process outsourcing Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...

to industries. Among them are Innove Communications, Vivant Corporation, Taft Property, SGV & Co., Joaquin Cunanan & Co./PricewaterhouseCoopers,

Regus IWG plc, formerly Regus, is a British holding company.IWG PLC
Bloomberg. Accessed June 2021. It provide ...

, Jinisys Software,

Taiheiyo Cement is a Japanese cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggrega ...

, SilkAir (Singapore) Pte. Ltd. and

Cathay Pacific Cathay Pacific Airways Limited (CPA), more widely known as Cathay Pacific (), is the flag carrier of Hong Kong, with its head office and main hub located at Hong Kong International Airport. The airline's operations and subsidiaries have sc ...

. The business park is also home to local and foreign banking and financial institutions such as

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

Citibank Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City ...

, Chinatrust Bank, BDO, Metrobank, UCPB, RCBC,

Security Bank Security Bank Corporation (SBC) is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period. Security B ...

PSBank The Philippine Savings Bank () (shortened as PSBank or abbreviated as PSB) is a savings bank based in the Philippines. It is a subsidiary of Metrobank and is the 2nd-largest savings bank in the Philippines after BPI Family Savings Bank. Subsid ...

Chinabank China Banking Corporation (; ), commonly known as China Bank, is a Filipino bank established in 1920. It was the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese Filipino businesspe ...

, Exportbank and

Asia United Bank Asia United Bank Corporation (AUB) is among the very few banks that was granted a full-branch commercial bank license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and ...

Residential

Cebu Business Park hosts residential areas such as Ayala Land developments mostly within the immediate vicinity of Ayala Center Cebu. Across the mall is Avalon Condo Cebu, a 21-story premium condominium complex. 1016 Residences, a 27-story condominium building, offers 109 exclusive two to three-bedroom units. There are also limited edition penthouse units with price ranging from ₱10 million to ₱45 million. The development features landscaped gardens, a kiddie play area, lobby lounge, roof deck and a sports facility. There is also Park Point Residences, a 38-story condominium building offering 255 one- and two-bedroom units to three-bedroom penthouse units. Alongside the two developments is the more recent The Alcoves, another luxury condominium spanning two residential blocks and scaling up to 37 stories featuring one- to three-unit bedrooms. Other developments include 21-story Sedona Parc and three-towered Solinea, residential projects by Alveo Land, and a subsidiary of Ayala Land.

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References

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