Property News - Inside Retail Philippines
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.
SM Prime Holdings is opening two more shopping malls in the Philippines before year’s end to take its total outlets to 66.
FamilyMart Philippines, partly owned by the Ayala and Tantoco groups, is up for auction.
Reflecting Palawan province’s tourist attractions, the SM City Puerto Princesa mall opening this month has a resort feel.
Megaworld Corp plans to open 13 malls in the next three years in line with its target to hit 28 by 2020.
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.