Property News - Inside Retail Philippines
SM Prime Holdings has reported a 16 per cent rise in income in the first half of this year.
Property developer Robinsons Land has opened its 50th shopping mall.
Robinsons Malls has strengthened its presence in the Visayas region with the opening of Robinsons Place Ormoc, a three-level, full-service mall in Ormoc City.
SM Prime Holdings is earmarking PHP80 billion (US$1.5 billion) this year for expansion.
Ortigas & Co. has broken ground for a seven-storey regional mall at the Greenhills shopping complex.
Megaworld last year grew its net income by 13.4 per cent to PHP13.3 billion, including non-recurring gains of PHP113 million.
Robinsons Retail Holdings is spending PHP18 billion (US$343 million) to acquire Dairy Farm’s Rustans Supercenters.
Ortigas & Company has launched a shopping mall and office tower project called Ortigas East.
SM Prime Holdings expects capital expenditure to reach about PHP75 billion (US$1.4 billion) this year – up 15 per cent.
Megaworld Corp will open a PHP2.2 billion “pet-friendly” mall in Iloilo City in April.
SM Prime Holdings has opened a mall in Batangas to continue its expansion in southern Luzon.
SM Prime Holdings continues expansion in northern Luzon with its latest mall, SM Center Pulilan, in Bulacan.