NCCC Mall VP

Last updated
NCCC Mall VP
NCCC Mall VP
LocationJ.P. Laurel Avenue Bajada, J.P. Laurel Ave, Davao City, Philippines
Coordinates 7°05′12″N125°36′42″E / 7.08660°N 125.61178°E / 7.08660; 125.61178
Opening dateMarch 16, 1993;32 years ago (1993-03-16)
Closing dateDecember 31, 2025;0 days' time (2025-12-31)
Previous namesVictoria Plaza (1993–2019)
Owner NCCC Malls
Floor area 81,000
Floors2 + 1 extra floor in the department store
Public transit
Future: BSicon BUS3.svg   M3   NCCC Mall VP
Website https://nccc.com.ph/business-unit/nccc-malls/

NCCC Mall VP, formerly known as Victoria Plaza, is a shopping mall in Davao City. The first shopping mall in the city, it opened on March 16, 1993. NCCC Malls acquired the mall and its complex on March 12, 2019, renaming and rebranding it to its current name. [1] The place occupies a gross land area of 81,000 square meters. [2]

Contents

Before its acquisition, it was the oldest mall in Davao region and was also the first mall in Davao City and the second in all of Mindanao after Limketkai Center in Cagayan de Oro, which opened in 1991. [3]

History

The original Victoria Plaza was built in the early 1990s by the late businessman Robert Alan L. Limso through his Davao Sunrise Investment and Development Corp. The three-storey Victoria Plaza became a local icon as the city's first shopping mall. [4]

Limso, known to be close to some politicians in the city, including former President Rodrigo Duterte, as he served as a city councilor from 1981 until his resignation in 1986 after the transitory government of President Corazon C. Aquino, mortgaged the mall to the Philippine National Bank, which eventually repossesed the mall after Limso's failure to pay and the mall's decline. [5]

In 2019, New City Commercial Corporation (NCCC), a local retail pioneer, acquired the historic mall. The acquisition was sealed in a signing ceremony on March 12 with PNB at the PNB Financial Center in Manila. [6]

It is set to cease operations on December 31, 2025, with the mall set to be demolished sometime in 2026 after tenants will begin dismantling stalls and salvaging materials in March 2026. [7]

Future development

NCCC presented a five-phase development of the 9.6-hectare property, where the mall currently stands. The area is planned to a be mixed-use development with eight high-rise condominiums, serviced apartments, retail strips, lush green space, and a five-star hotel. The development is expected to run from seven to 10 years and the last phase of the development will involve the reconstruction of the original mall. [8]

However, in late 2025, it was announced that Robinsons Land Corporation has purchased the property from NCCC. It has been eyed for redevelopment for new business projects, including an office building as part of its expansion alongside its properties inside the neighboriing Abreeza estate. [9]

References

  1. ↑ GENOTIVA, MARA S. (2019-03-28). "New owner unveils plans for Victoria Plaza". Davao Today. Retrieved 2022-11-16.
  2. ↑ "Inside the oldest mall in Davao City". SUNSTAR. 2017-07-06. Retrieved 2022-11-16.
  3. ↑ "Davao City". NEDA Region XI | Davao Region. Retrieved 2022-11-16.
  4. ↑ Neil (2019-03-12). "NCCC buys Davao's oldest mall". BusinessWorld Online. Retrieved 2022-11-16.
  5. ↑ Francisco, Carmelito (2019-03-13). "Historic acquisition | NCCC acquires Victoria Plaza mall - Mindanao Times". Mindanao Times. Archived from the original on 2022-11-16. Retrieved 2022-11-16.
  6. ↑ Cayon, Manuel (2019-03-12). "NCCC acquires Davao's landmark Victoria Plaza mall". BusinessMirror . Retrieved 2022-11-16.
  7. ↑ Develos (2025-12-29). "'End of an era' for Davao's first-ever shopping mall". Daily Tribune. Retrieved 2022-12-30.
  8. ↑ Colina, Antonio (March 12, 2019). "New owner of Davao's first mall takes over, touts dev't plan". Philippine News Agency. Retrieved November 16, 2022.
  9. ↑ Develos (2025-12-29). "'End of an era' for Davao's first-ever shopping mall". Daily Tribune. Retrieved 2022-12-30.
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