Bariles Republic has been receiving a lot of queries with regard to the entry of SM Supermalls in the Tuna Capital after we came out with a post on Robinsons GenSan last June 20, 2008.
A lot of speculations have sprung up and so far, there is no definite word yet on the real score.
But for the good news!
Yes, it is true that the representatives of Henry Sy, owner of SM have been talking with the family who owns the land where they want to set up SM CITY-GenSan.
Furthermore, according to my reliable source, SM only wants to lease the lot for 50 years and not to purchase it.
The next question then should be – when are both sides going for the signing of the Lease Agreement so that construction could start very soon?
My lips are sealed for now but for those who want to find out the exact location of this lot, here is a map furnished to me by Jing Velos and edited for this post’s purpose by Jay-Mar Monjas.
CLICK ON THIS MAP FOR A LARGER, CLEARER VIEW PLS.