Property News - Inside Retail Philippines
Starmalls has had a 38 per cent surge in first-half net income to PHP1 billion.
Megaworld Corporation’s first-half net income improved 11 per cent to PHP6.69 billion.
The Philippines’ slow internet speeds are hampering online retail growth, says the PRA president.
Ayala Corp has received regulatory approval to proceed with its acquisition of 49 per cent of Zalora Philippines.
ALI says is Ayala Malls operation contributed to solid first half year growth.
Second-quarter net income grew 15 per cent to PHP7.79 billion for SM Prime Holdings.
AyalaLand Malls is partnering with ABS-CBN Corp to open a giant tent venue at the recently opened Ayala Malls Vertis complex in Quezon City.
Robinsons Place Butuan in Mindanao is being expanded.
Megaworld is about to start site work on its first project in the north, Capital Town in San Fernando City.
Housing developer 8990 Holdings has broken ground for its first mall in Tondo, Manila, in a residential complex.
Despite growing retail stock in Cebu, overall vacancy remains low as the economy expands, says Colliers Philippines.
Robinsons Land Corporation’s 45th mall, Robinsons Place Iligan, officially opens today.