Topline Equity Corporation (Topline Group), the ultimate parent company of listed Top Line Business Development Corp., has marked a major milestone with the soft opening of Bay Mall, a flagship mall development project of its subsidiary Vikingland Corp. (Vikingland), on June 27, 2025.
Strategically located at the heart of the Municipality of Liloan in Northern Cebu and facing the scenic coastline, Bay Mall stands as a product of a successful public-private partnership (PPP) with Liloan’s local government under a build-operate-and-transfer modality, Topline said in a media release.
Constructed on municipal-owned land, the Topline Group will operate Bay Mall under a concession period of up to 50 years, with an initial 30-year period and a 20-year renewable period. The new commercial landmark represents a shared vision of inclusive local development and modern retail experiences for the fast-growing town.
“Bay Mall is a catalyst for progress in Liloan. We are very happy and excited about this vision turned into reality,” said Liloan Municipal Mayor Frasco.
The three-story mall features Robinsons Supermarket as its anchor tenant, along with food stations, specialty kiosks, wellness centers, clothing stores, and financial service providers on the first two floors. The third floor houses a 1,000-seater business processing outsourcing (BPO) facility, a first of its kind in Northern Cebu.
“Bay Mall, the new landmark in Northern Cebu, is a symbol of what progressive partnerships between the public and private sector can achieve. This is expected to generate jobs, drive consumption, and stimulate the local economy, adding revenue streams to the local government,” said Eugene Erik Lim, Topline Group Chairman and CEO.
With over 200 subdivisions and communities, and a rapidly growing business sector, Liloan is emerging as a strategic commercial hub in Cebu. Its vibrant, educated, and skilled population makes it an ideal location for Bay Mall, supporting sustained growth and economic activity.
As part of its synergy strategy and to enhance accessibility, Topline offers a free shuttle service from its smart port at Pier 88—also developed by the Group—to Bay Mall. This five-minute ride supports travelers heading to and from Northern Cebu, Camotes Islands, Ormoc City, and soon, Villaba in Leyte.
“With the proximity to Pier 88, Bay Mall adds a seamless retail, dining, and service experience for tourists and locals alike. It’s a lifestyle hub built to connect, engage, and grow with the community,” Mr. Lim said.
Topline Equity Corporation or the Topline Group of Companies is a diversified conglomerate with interests in energy, fuel, real estate, technology development, port and ferry terminal operations, passenger ferry operations, and restaurant operations. It is the ultimate parent company of listed Top Line Business Development Corporation. The Group’s operations are focused within Central Visayas and is owned and operated by the Lapasaran Lim family.
Vikingland Corp. (Vikingland), formed on March 22, 2018 is a subsidiary of the Topline Group and affiliate of listed Top Line Business Development Corp. It is primarily engaged in realty business, land development, as well as property and asset management.
