Metro Gaisano and LGU Ormoc Sign Lease for New Commercial Center in Centro

Updated Sep 19, 2026
ByHOMESPH NEWS
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Summary

The City Government of Ormoc has signed a lease agreement with Metro Gaisano for the development of a new multi-level commercial building in the city's central district. This partnership aims to revitalize the downtown area and strengthen Ormoc's position as a primary trade and retail hub within Eastern Visayas. The project is expected to drive regional economic growth and create significant employment opportunities for residents during both construction and operation.

Infrastructure

Ormoc City

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ORMOC CITY, PHILIPPINES — The Local Government Unit of Ormoc, led by City Mayor Lucy Torres Gomez, has entered into an official lease agreement with the executive management of Metro Gaisano, formalizing plans for the construction of a new commercial building in the city’s central "Centro" area.

Partnership Signing and Architectural Presentation

The ceremonial signing marks the entry of a major retail venue aimed at revitalizing the city's downtown commercial zone:

  • Official Contract Signing: Executive leaders from Metro Gaisano met with local government officials headed by Mayor Lucy Torres Gomez to sign the official property lease contract.

  • Building Design Unveiling: Corporate executives presented the official structural rendering and building design for the upcoming Metro Gaisano Ormoc development, showcasing its architectural integration into the "Centro" district.

Economic Growth and Employment Impact

The incoming retail infrastructure is projected to drive local commercial expansion and generate long-term livelihood opportunities:

  • Job Creation: The construction and eventual operational launch of the facility are set to generate employment opportunities for residents of Ormoc City and neighboring municipalities across Leyte Province.

  • Commercial Expansion: The addition of a multi-level commercial hub strengthens Ormoc's position as a primary trade, retail, and business center within Eastern Visayas.

HOMESPH NEWS

Sep 19, 2026

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