Island City Mall

What Island City Mall does

Island City Mall is a single-location physical retail, dining, and entertainment complex situated on Rajah Sikatuna Avenue in Dao District, Tagbilaran City, Bohol, Philippines. Founded in 2004 as the retail flagship of the Alturas Group of Companies, it serves local residents (Boholanos), expatriates, and tourists visiting Bohol. The mall is organized across multiple floors — Lower Ground, Upper Ground, 2nd Floor, plus Exterior Shops and the CYBERCITY section — and integrates a supermarket and Freshmarket (with dedicated meat, poultry, and seafood sections), a Home & Fashion Department carrying brands such as Levi's, Lee, Guess, Bench, Nike, and Fila, furniture and kitchenware sections, the Foodwalk dining corridor with fast-food chains (Jollibee, KFC, Greenwich, Chowking, Rai-Rai Ken) and specialty restaurants such as The Prawn Farm, cinemas equipped with Dolby Digital Surround EX, and the World of Fun entertainment zone with arcade games and kiddie rides.

The mall generates revenue primarily through retail tenant rentals, with the revenue model classified as a one-time license stream across apparel, food and beverage, electronics, and service tenants. Pricing is set by individual tenant stores and the mall does not publicly disclose its rental structure. With approximately 24 employees, operations are lean and supplemented by Alturas Group shared services. Distribution is exclusively through physical retail storefronts within the single Tagbilaran location; there is no e-commerce or app channel. Customer acquisition relies on community engagement via a Viber Community, organic social media (Facebook, X/Twitter), and a recurring events calendar including pickleball tournaments, pageants, seasonal celebrations, and the Alturas Pink Run. The mall has won Philippine Retailers Association Shopping Center of the Year (Regional Category) in 2009 and 2010 and the National Shoppers' Choice Award in 2005.

Name

Island City Mall

Legal name

Island City Mall

Website

https://icmbohol.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Island City Mall is a single-location shopping, dining, and entertainment complex in Tagbilaran City, Bohol, Philippines, serving local residents, expatriates, and tourists as the retail flagship of the Alturas Group of Companies since 2004.

Ownership category

akta.pro rank

Product category

Shopping Mall Operations

NAICS

Amusement Parks and Arcades (7131), Amusement Arcades (71312), Amusement, Gambling, and Recreation Industries (713)

SIC

Retail-Department Stores (5311), Retail-Eating & Drinking Places (5810), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Family Entertainment Centers & Indoor Amusement (Arcades, Trampoline Parks, Indoor Play) (THAAAAAD)

Keywords

• Retail mall operations
• Shopping complex
• Entertainment venues
• Dining services
• Fashion retail

Headquarters

HQ city

Tagbilaran City

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Retail Tenant Rentals: Revenue generated from renting retail space to various tenants including apparel brands, food and beverage operators, electronics stores, and service providers. Tenants include anchor stores like supermarket, dining establishments, and entertainment venues.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Island City Mall operates a physical retail and entertainment complex in Tagbilaran City, Bohol, Philippines. It leases space to retail tenants (apparel, supermarket, dining, electronics, services) and operates integrated amenities including a supermarket and Freshmarket, fashion department, dining area (Foodwalk), Prawn Farm restaurant, state-of-the-art cinemas with Dolby Digital Surround EX, and a World of Fun entertainment zone.

Product overview

Island City Mall operates as a single, unified retail and entertainment complex offering shopping, dining, and leisure services. The mall comprises multiple integrated departments including a Supermarket and Freshmarket (with dedicated Meat & Poultry and Seafood Sections), a Home & Fashion Department featuring apparel brands, a Furniture and Kitchenware Section, the Foodwalk dining area with multiple food establishments, The Prawn Farm restaurant, state-of-the-art cinemas with Dolby Digital Surround EX, and the World of Fun entertainment zone. The mall serves as a one-stop destination for retail therapy, dining experiences, and family entertainment in Bohol, Philippines.

Differentiator

Problem solved

Functional benefit

Products and services

• Island City Mall
• Supermarket & Freshmarket
• State-of-the-art Cinemas
• World of Fun
• The Prawn Farm
• Foodwalk
• Home & Fashion Department
• Furniture and Kitchenware Sections

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• SM Supermalls (SM Prime Holdings): SM Supermalls is the Philippines' largest mall operator with over 80 malls nationwide, offering shopping, dining, and entertainment under one roof. Directly comparable business model to Island City Mall but at massive national scale and capital base.
• Robinsons Malls (Robinsons Land): Robinsons Land operates a nationwide chain of full-service malls in the Philippines combining retail, dining, cinema, and entertainment. Highly comparable mall format targeting similar middle-market consumers across urban and regional locations.
• Ayala Malls (Ayala Land): Ayala Malls operates upscale shopping destinations across Metro Manila and key Philippine cities, integrating retail, dining, cinemas, and lifestyle attractions. Comparable integrated mall concept but positioned at higher end of market.

Direct peers

• Filinvest Malls (Filinvest Land): Filinvest Malls operates community and lifestyle shopping centers in Philippine provincial and emerging urban areas. Comparable integrated mall experience with retail, dining, and entertainment focus.
• Vista Malls (Vista Land): Vista Malls operates community and lifestyle malls across the Philippines under Vista Land. Comparable regional mall format combining supermarket, retail, dining, and entertainment for provincial and suburban markets.
• Megaworld Lifestyle Malls: Megaworld Lifestyle Malls are integrated retail, dining, and entertainment complexes in provincial Philippine cities, often anchored by upscale residential developments. Comparable mid-market full-service mall model targeting provincial consumers.
• Gaisano Grand / Gaisano Capital / Gaisano Country Mall: Gaisano operates regional malls and department stores concentrated in the Visayas and Mindanao, similar geographic footprint to Island City Mall. Closest direct comparable as Visayas-focused retail destination malls.
• Walter Mart (Walter Mart Supermarket / Mall): Walter Mart operates mid-sized community malls centered around its supermarket anchor across Philippine provincial cities. Similar supermarket-anchored mall concept targeting provincial consumers outside Metro Manila.

Regional players

• Power Plant Mall: Power Plant Mall is an upscale lifestyle mall in Rockwell, Metro Manila, combining retail, dining, cinema, and entertainment. Comparable multi-format mall concept but positioned in Metro Manila premium segment versus Island City Mall's regional Visayas positioning.

Emerging players

• Puregold (Price Club / Puregold): Puregold operates a chain of supermarkets and hypermarkets often co-located with smaller retail spaces across the Philippines. Partial overlap as supermarket-anchored retail destination but lacks the broader mall entertainment and dining mix.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/IslandCityMall
• Facebookfacebook.com/islandcitymallofficial
• LinkedInlinkedin.com/company/island-city-mall

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Island City Mall