Property developer Ayala Land is strengthening its retail portfolio in the Visayas, according to a report by Philstar.com. The expansion includes new mall projects and additional commercial spaces to cater to growing consumer demand in the region.
The company is developing the Ayala Malls Capitol Central in Bacolod City and expanding existing properties in Iloilo and Cebu. These projects aim to enhance the retail experience and stimulate local economies by attracting both local and international brands.
Ayala Land's retail expansion aligns with the broader recovery of the Philippine economy and the increasing foot traffic in shopping centers. The company expects these new developments to contribute significantly to its revenue stream in the coming years.