Ayala Land, the property development arm of the Ayala Group, is expanding its retail presence in the Visayas, according to a report by Philstar.com. The company is adding new retail spaces to its portfolio in the region, aiming to capture growing consumer demand outside Metro Manila.
The expansion includes the development of new malls and commercial centers in key Visayas cities, complementing existing properties such as Ayala Malls in Cebu, Iloilo, and Bacolod. The move aligns with Ayala Land's strategy to strengthen its nationwide retail network and support local economies.
Industry observers note that the expansion comes amid a recovering retail sector in the Philippines, driven by increased consumer spending and tourism. Ayala Land's continued investment in the Visayas underscores the region's importance as a growth area for the country's retail industry.