Tag Archives: Malls

Work like you own it–SM’s COO Steven Tan

(Photo from: townandcountry.ph)

(Source: Manila Bulletin | February 18, 2018) Steven Tan was in a movie theater when he got a call, which he’ll never forget, from a woman, offering him a job. The woman was Tessie Sy-Coson, vice chair of SM Investments Corporation. “It was beyond ordinary that someone like Tessie, a tycoon, part of a family that’s one of Asia’s richest, ...

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Ayala Land net income up 21% in 2017

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(Source: Rappler | February 14, 2018) Ayala Land Incorporated (ALI), the property development arm of the Ayala Group, saw its bottom line rise on the completion of projects and growth from its leasing segment. ALI reported a full-year 2017 net income of P25.3 billion in 2017, in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, February 14. The ...

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SM Prime opens 6th Cavite mall

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(Source: Business Mirror | February 15, 2018) The shopping mall empire of country’s richest man Henry Sy, Sr. continues its provincial expansion with the opening of SM Center Imus in Cavite. In a statement issued Wednesday, SM Prime Holdings, Inc. (SM Prime) said it will be opening the mall on Friday (Feb. 16) with 90% of its leasing space already ...

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Megaworld Corp opening mall with dog park

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(Source: Inside Retail Philippines | February 7, 2018) Megaworld Corp will open a PHP2.2 billion (US$42.6 million) “pet-friendly” mall in Iloilo City in April. Expected to create at least 3,500 jobs, the developer’s first full-scale mall in the Visayas will feature open spaces, vertical gardens and an interactive dog park, says Megaworld Lifestyle Malls senior VP Kevin Tan. Over three ...

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Vista Land targets to have 60 malls by 2020

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(Business Mirror | February 8, 2018) Vista Land & Lifescapes Inc., the property-development firm led by former politician Manuel B. Villar Jr., said it targets to have 60 malls by the end of 2020, a threefold increase from what it has right now. “We remain bullish with the expansion plans of our leasing business through our subsidiary, Starmalls Inc., to ...

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RLC, SSS tie up to provide government services in soon-to-open Robinsons malls

Photo shows (from left): SSS Senior Vice President and Chief Legal Counsel Voltaire P. Agas, SSS president and CEO Emmanuel F. Dooc, RLC President Frederick D. Go and RLC Commercial Centers Division SVP and General Manager Arlene G. Magtibay. (Manila Bulletin)

(Source: Manila BUlletin | January 24, 2018) Robinsons Land Corporation (RLC), has further strengthened its partnership with Social Security System (SSS) by signing a Memorandum of Agreement (supplement) which reaffirms its participation in Robinsons Malls Lingkod Pinoy Center. A formal signing of the agreement was recently held led by RLC President Frederick D. Go (third from left) with SSS President ...

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They’re watching you: Malls tap new tech to track shoppers

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(Source: CNBC | December 6, 2017) It’s a sign of the times. Against a backdrop of falling foot traffic and shuttered department stores, mall owners are looking for ways to more accurately track shoppers at their properties. The information allows landlords to make more informed decisions about how to redevelop and pick tenants. Jones Lang LaSalle, a services firm that ...

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Vista Land sees double-digit growth up to 2020

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(Source: Manila Bulletin | December 26, 2017) Vista Land & Lifescapes, one of the leading integrated property developers and the largest homebuilder in the Philippines, remains optimistic and is expecting to continue to register double-digit revenue and profit growth in the next three years. In an interview, Vista Land Founder and Chairman Manuel B. Villar Jr. said the firm’s consolidated ...

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Transforming a business model, the DoubleDragon way

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(Source: Business Inquirer | December 4, 2017) Less than two months ago, DoubleDragon Properties Corp. opened the 23rd community shopping mall under its increasingly popular “CityMall” brand in Danao City in Cebu. Like most of the 22 other CityMall openings around the country, the event was a big one for the host communities of the growing retail chain owned jointly ...

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Retail, mall scene still on a high

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(Source: Philippine Daily Inquirer | November 25, 2017) The Philippines is deviating from a global trend. While many retail stores elsewhere in the world are being shuttered, primarily rendered obsolete by the consumers’ growing preference for online shopping, the Philippine retail and mall scene remains robust and well poised for sustained growth. It even continues to attract global retail giants ...

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