Property News - Inside Retail Philippines
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.
A deal that will take the Puregold store count to 324 has been approved by the Securities and Exchange Commission.
Rental revenues from mall expansions and improved same-mall sales have boosted income for SM Prime Holdings.
Metro Retail Stores Group in the Philippines is planning to open more stores while continuing to mull e-commerce.