Fitmart Mall of Koronadal acquired by Gaisano Cebu Group
GenSan News Online Mag just found out that the Fitmart Mall of Koronadal has recently changed owners!
In a move which surprised their employees, staff and tenants, the owners of Koronadal’s troubled shopping center signed papers two weeks ago selling the mall property to one of the Gaisano groups of Cebu!
The deal basically surrenders the ownership and management of the mall and all the existing tenants to the new owners. The flagship stores, Fitmart Department Store and Fitmart Supermarket will eventually close shop and have to move out by September 1, 2011, according to Bariles’ reliable source. These two areas will then remain closed and will undergo renovation for two months before Gaisano Department Store and Gaisano Supermarket take over.
Right now, the engineers of the acquiring Gaisano group (no idea whether it’s the Gaisano Grand Group or the Gaisano Capital Group) have gone up to Koronadal and have started planning out renovation activities on the mall.
This is a wise move for the owners of Fitmart Mall who still have good-performing stores in GenSan, downtown Koronadal and Tacurong cities. Unloading their white elephant in Koronadal to the Gaisano group is the best and most practical thing to do before their creditor banks beat them to a pulp.
And for sure, with the entry of the Gaisano’s of Cebu (who do not have anything to do with Gaisano Mall of GenSan which is owned by the DSG Group) in South Cotabato, more excitement are in store for the province’s consumer market! (And more headaches for KCC Malls which also has to contend with the soon-to-open SM Mall GenSan!)
What an exciting year indeed for South Central Mindanao!
With that, all we can say right now is, “Goodbye Fitmart Mall of Koronadal! Thank you for being an alternative shopping destination for us!“
And lest we forget due to excitement, “Hello Gaisano Mall of Koronadal! Welcome to Koronadal and Soccsksargen!!! Kanami gid!”
By the way, Fitmart Department Store at the Fitmart Mall of Koronadal is now conducting a MAJOR CLOSING OUT SALE of as much as 80% discount on selected items until August 30, 2011!