It will be the global furniture company’s first outlet outside of Luzon.
In a press statement, Ayala Land, Inc. announced that the Swedish home furnishings company IKEA will be opening its second store in the Philippines at one of its new developments.
The new branch, which will be the first the Visayas, will open at the upcoming Ayala Malls Gatewalk complex, which is located within Ayala Land’s master-planned Gatewalk estate in Mandaue City.
The 4,000-square-meter IKEA store will anchor the 56,000-square-meter mall and lifestyle destination and will offer its full range of well-designed, functional, and affordable home solutions to one to the said regional market.
“Cebu continues to be a cornerstone of economic growth in the Philippines, and our investment here, especially with the introduction of IKEA, is a testament to our enduring belief in its potential,” noted Paul Birkett, Ayala Malls Chief Operating Officer.
Ayala Malls Gatewalk is set to open in December 2026 and will be a four-level, air-conditioned complex connected to an office tower and a public transport hub, according to the property giant.
The mall will feature retail, dining, entertainment, and community spaces within one integrated development.
In addition, it will also have a strong line-up of global and local brands, including new dining formats, a Shopwise supermarket, and two regular cinemas.
There will also be a central outdoor courtyard with a playful large-scale feature, as well as the ARTrium, an interactive digital art hallway from the main entrance.
“Ayala Malls Gatewalk represents a new frontier in retail for us, aligned with our vision to create spaces that are not just commercial centers but truly experiential and deeply connected to the communities they serve,” also noted Birkett, who said that they have engineered the mall to be a “vibrant hub” for youth, families, and businesses.
Meanwhile, Mariana Zobel de Ayala, Ayala Land Senior Vice President and Head of Leasing and Hospitality noted that the mall is a “significant milestone” for the property group.
“The unveiling of Ayala Malls Gatewalk, together with the arrival of IKEA in Cebu, reflects our long-term commitment to this fast-growing region,” she underscored.
IKEA opened its first store in the Philippines at the Mall of Asia Complex in Pasay City in November 2021. Spanning a total of 66,000 square meters, the said branch is the largest outlet in the entire world.
In addition to that, a Plan & Order Shop was also set up at Ayala Malls Trinoma in Quezon City in 2025.