MANILA,  Philippines  —Property giant Ayala Land Inc. is spending P13 billion to renovate and reinvent four of its premier shopping centers into “iconic” destinations amid increasing competition in the retail sector.

The redevelopment will take two years to complete and will involve the builder’s TriNoma shopping center in Quezon City, the Glorietta and Greenbelt malls in Makati City and Ayala Center Cebu. It enlisted the help of global design firms such as Australia’s Buchan and CAN Design Ltd. of Hong Kong for the project.

“This is the first time in our history that we will embark on renovating least four of our major flagship malls at once,” Mariana Zobel de Ayala, senior vice president and head of leasing and hospitality at Ayala Land, said during a media briefing on Thursday.

SOURCE: https://business.inquirer.net/445653/ayala-land-earmarks-p13b-for-renovation-of-four-malls

For Inquiries:
COCO MIDEL
REBL 0005279
+639175029252