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Tag: Ayala

  • Philippine Mall Rents Reach P1,783 per Sqm as Retail Real Estate Leads Market

    Philippine Mall Rents Reach P1,783 per Sqm as Retail Real Estate Leads Market

    Philippine retail rents rose 1.4 percent year-on-year to 1,783 pesos per square meter a month in the second quarter of 2026, keeping prime shopping malls ahead of hotels and data centers.

    The property market absorbed 26,000 square meters of new space during the three-month period, according to JLL data, while quarter-on-quarter rents edged up 0.4 percent.

    Foot Traffic and Large Formats

    Physical mall visits remain the core driver of commercial retail space across the country. SM Supermalls logged 1.4 billion total visits in 2025, reaching 153 million in December when holiday crowds averaged 5.5 million visitors per weekend day and 4.6 million on weekdays.

    Operators continue to anchor their portfolios around these consumer flows. SM Mall of Asia spanned about 497,000 square meters of gross floor area by 2025, while competing networks from the Ayala group and grocery operators like Puregold hold steady tenant rosters in key commercial corridors.

    Supply Pipeline and Experiential Shift

    Across Southeast Asia, mall landlords have struggled with digital channel shifts, but Philippine operators have protected yields by converting floorplans toward dining, entertainment and social spaces. Cushman & Wakefield ranked retail ahead of hotels and data centers in the Philippine commercial real estate market in 2025, noting steady leasing demand from international brands entering prime locations.

    The sector faces an influx of new physical inventory before January, with developers scheduled to complete another 160,000 square meters of retail space by the end of 2026.

  • Spinneys Expands Into Southeast Asia: Partners With Ayala For Philippine Supermarket Venture

    Spinneys Expands Into Southeast Asia: Partners With Ayala For Philippine Supermarket Venture

    Spinneys, a thriving fresh food supermarket chain, has made a strategic move into Southeast Asia by partnering with Ayala Corporation to open new stores in the Philippines. This marks the supermarket chain’s first entry into the region.

    According to the terms of the deal, Ayala Corporation will control a majority stake of 60%, while Spinneys will hold 40% in the new venture.

    The rollout of the new stores is planned in two stages. Spinneys will initially manage operations before control transitions to the joint venture fully.

    A Strategic Move into Southeast Asia

    The President and CEO of Ayala Corporation, Cezar Consing, mentioned that this deal underscores the corporation’s expanding role in the Philippines’ retail industry.

    He stated, “This investment is expected to stimulate trade and investment between the Philippines and the GCC.”

    Expressing a similar sentiment, Sunil Kumar, the CEO of Spinneys, said the long-term growth potential in the Philippines is promising. The increasing number of middle and upper-income populations is fuelling the demand for premium food retail in the country.

    Kumar expanded on this by saying, “The Philippines has significant long-term growth potential, with strong economic fundamentals, a growing affluent population, and increasing demand for high-quality offerings. Our partnership with Ayala pairs their deep local knowledge with our operational expertise. This combination provides a strong foundation for measured growth. We are thrilled to introduce our fresh food offerings to a new region.”

    Spinneys has made consistent progress in expanding its footprint in recent years. It opened 10 new stores in the UAE this year and also announced plans to enter the Kuwaiti market.

    Questions & Answers

    What is the stake distribution between Spinneys and Ayala Corporation in the new venture?
    Ayala Corporation will hold a majority stake of 60%, while Spinneys will hold the remaining 40%.

    Who will initially oversee the operations of the new stores in the Philippines?
    The operations of the new stores will initially be managed by Spinneys.

    What factors make the Philippines a promising market for Spinneys?
    The strong economic fundamentals, a growing affluent population, and increasing demand for high-quality offerings make the Philippines a market with significant long-term growth potential for Spinneys.

  • GFG Group appoints CEO

    GFG Group appoints CEO

    Online fashion destination Global Fashion Group (GFG) has appointed co-CEOs, who will take up their roles on February 1.

    Patrick Schmidt and Christoph Barchewitz will be responsible for the overall strategic and working development of GFG, working with the management teams of GFG’s fully owned regional businesses Dafiti (Latin America), Lamoda (Russia/CIS), Zalora (Southeast Asia) and The Iconic (Australia/New Zealand), as well as minority-owned Namshi (Middle East).

    “Patrick and Christoph are the perfect fit for the next chapter of GFG,” says chairman Cynthia Gordon. “Patrick has built The Iconic into the market leader in its region, increasing revenue by eight times in four years.

    “Christoph has established a broad understanding of all five regional businesses through his role on the board of GFG since 2015. He was responsible for key strategic alliances such as the Ayala/Zalora joint venture in the Philippines and the Emaar Malls/Namshi partnership in the Middle East.”

    Schmidt says that when he joined The Iconic four and a half years ago, he saw a company with unlimited growth potential. He will continue as CEO of The Iconic until a successor is named. Before The Iconic, Schmidt founded Groupon Australia and later oversaw its Latin American business.

    Barchewitz joined GFG from Kinnevik, where he oversaw the e-commerce investment portfolio. He led the creation of GFG in 2014 and has served on its board since 2015. P

    Meanwhile, Kinnevik CEO Georgi Ganev will join the GFG board while Romain Voog steps down as CEO after nearly three years.

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  • Puregold gets nod for triple merger

    Puregold gets nod for triple merger

    A deal that will take the Puregold store count to 324 in the Philippines has been approved by the Securities and Exchange Commission.

    It involves a merger for Puregold Price Club with three supermarket companies owned by Estenso Equities, its 50-50 JV with Ayala Land: Daily Commodities, First Lane Super Traders and Goldtempo Company.

    The three Estenso Equities units comprise 17 stores mainly in Cabanatuan City, and the provinces of Aurora, Bulacan and Rizal. They will all soon carry the brand name and be converted to Puregold stores.

    Under the merger terms, Puregold will issue paid-in capital of up to US$10.9 million (PHP922.7 million), and also common shares pegged at PHP14.5 million. The merger follows Puregold’s acquisition of five B&W (Black & White) stores in Roxas City, Capiz, in August, bolstering its store presence in the Western Visayas region.

    Established in 1998, Puregold has evolved from one hypermarket. It now has an omni-market presence and claims to work with more than 1500 suppliers and trade partners, serving more than 300,000 sari-sari (mini retail) stores and small businesses as well as more than a million Puregold Perks members.

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  • FamilyMart Philippines chain up for auction

    FamilyMart Philippines chain up for auction

    FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction.

    With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months.

    Ayala Land and the Rustan’s group, via their equally owned JV firm Sial CVS Retailers, in 2012 signed a deal with FamilyMart and Itochu Corporation to develop and run FamilyMart convenience stores in the Philippines.
    FamilyMart has been closing unprofitable stores over the past 12 months.

    In the convenience store market in past six years, new brands have been challenging 7-Eleven and MiniStop, respectively run by Philippine Seven Corporation (PSC) and Robinsons Retail Holdings.

    Aside from FamilyMart, the Puregold group also brought Japan’s Lawson into the market while the SM group introduced Indonesian brand Alfamart. Meanwhile, real-estate magnate Manuel Villar has also built his own convenience-store network, All Day.

    To date, the two original brands still lead the market, with 7-Eleven surpassing 2000 outlets while Mini-Stop has at least 500 stores.

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  • Ayala buys stake in Zalora Philippines

    Ayala buys stake in Zalora Philippines

    Ayala Corporation has stepped into eCommerce by acquiring a 49 per cent stake in BF Jade E-Service Philippines, which owns and runs fashion platform Zalora Philippines.

    The conglomerate has announced it is buying 43.3 per cent of BF Jade, while in a separate disclosure Ayala Land says it will own 1.91 per cent. BPI Capital Corporation and Kickstart Ventures also acquired minority stakes in BF-Jade. BPI and Kickstart are wholly owned subsidiaries of BPI and Globe Telecom respectively.

    Ayala’s involvement is part of its strategy to invest in new disruptive businesses offering innovation to evolving markets, the conglomerate says.

    “This investment demonstrates how we at Ayala look at innovation and growth opportunities,” says chairman/CEO Jaime Augusto Zobel de Ayala.

    “We see the potential of eCommerce in the country, and believe the Ayala group can benefit and add tremendous value to Zalora. With resources in banking, real estate and telecommunications, the investment presents new opportunities for Ayala to generate synergies throughout the eCommerce value chain.”

    Zalora Philippines was co-founded in 2012 as part of the global network of the Zalora Group, which is 100 per cent owned by the Global Fashion Group.

  • Too many Philippine provincial malls, expert warns

    Too many Philippine provincial malls, expert warns

    There is not enough spending power to support the number of Philippine provincial malls being developed, warns a real estate expert.

    This follows a “fantastic” year for the property sector during which most major developers opened malls.

    “Retail has had an incredible expansion in route,” says CEO David Leechiu of Leechiu Property Consultants (LPC) has told The Manila Times.

    Ayala, DoubleDragon, Filinvest, Puregold, Robinsons, SM and Villar all opened malls in new sites, which Leechiu says is unprecedented.

    According to Colliers International Philippines, about 118,000 sqm of retail space was added to Metro Manila’s retail stock in the third quarter of last year, taking the total stock to 6.32 million sqm.

    For Metro Manila alone, total retail stock is forecast to rise by 7 per cent to 6.76 million sqm by the third quarter of this year, says Colliers. Meanwhile, retail vacancy levels have remained low at just 0.57 per cent.

    But Leechiu says it is a different story for the provincial retail market.

    “I think rents are softening because some areas might be ‘over-malled’ now,” he says. “The purchasing power is not there yet.”

    In particular, these Philippine provincial malls cater to the middle-income market. However, he believes the situation will be “very temporary’, with changes and improvements in two to three years’ time as purchasing power continues to grow.

  • NBA legend Gary Payton to celebrate opening of NBA store in Cebu City

    NBA legend Gary Payton to celebrate opening of NBA store in Cebu City

    The National Basketball Association (NBA) announced Wednesday the fourth NBA Store in the Philippines will open Nov. 24 at the Ayala Center in Cebu City.

    NBA Legend and Hall of Famer Gary Payton will be on hand to meet and interact with fans at the store opening, which will celebrate the league’s first NBA Store in the Visayas region. To commemorate the occasion, the first 300 customers that purchase an item will receive an NBA gift.

    Located on the fourth level of the Ayala Center in 452 square meters of retail space and managed by International Athletic Trading Company, Inc. (IATC), the new NBA Store will offer a wide selection of authentic NBA products from all 30 teams, including official jerseys, footwear, performance gear, lifestyle apparel, and non-apparel merchandise including basketballs, toys, collectibles, and more.

    The store will also offer personalized jerseys and will feature interactive elements including NBA 2K video game players where fans test their gaming skills and compete against each other, a Pop-a-Shot machine and a dedicated section for NBA memorabilia.

    “We had envisioned expanding the NBA footprint across the country and to have now reached the Visayas region is a milestone for us,” said IATC President and CEO Melvin Lloyd Lim.

    “We could not be more excited to open the first NBA Store in the second most populous metropolitan area in the Philippines after Metro Manila.”

    “The NBA and IATC are committed to bringing the NBA experience closer to all Filipinos nationwide,” said NBA Philippines Managing Director Carlo Singson. “The NBA Store in Cebu is the first outside of Metro Manila and is strategically positioned as a premier shopping destination for NBA fans within Central and Southern Philippines, offering an extensive range of authentic NBA products.”

    The NBA Store at the Ayala Center will carry products from brands including 2K Sports, adidas, Enterbay, Mitchell & Ness, New Era, Nike, Panini, Spalding, Spec Seats, Stance, and Under Armour. The regular store hours are 10 am – 9 pm (Sunday-Thursday) and 10 am – 10 pm (Friday-Saturday).

    On Nov. 22, Payton will also conduct a meet-and-greet with fans at the NBA Store in Glorietta 3 at 6 pm before visiting the NBA Store in Cebu City’s Ayala Center on Nov. 24 at 6 pm.

    The flagship NBA Store in the Philippines in Glorietta 3 opened in 2014, followed by the store in Mega Fashion Hall in 2015 and the store in TriNoma in 2016.

    For all the latest news and updates on the NBA, visit www.nba.com and follow the NBA on Facebook , Twitter  and Instagram.

     

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  • The Philippines Set a New World Record Thanks to this Retail Brand

    The Philippines Set a New World Record Thanks to this Retail Brand

    As Swedish retail brand H&M continues to dominate the Philippine shores, it seems that they also got a prestigious award along the way.

    Last year, H&M Philippines unveiled a 50 x 50 foot coat hanger in Ayala Center Cebu during the opening of their largest South East Asian branch to date. Not only was it a sight to see for local mall-goers, it also recently got the Guinness World Record for the World’s Largest Coat Hanger.

    Yes, there is such a record. I was as surprised as you. Also, I wonder how many clothes can we hang on that?

    What do you think about that? Leave your comment!

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  • Third Manila NBA Store opens

    Third Manila NBA Store opens

    The National Basketball Association (NBA) has opened the third Manila NBA Store.

    “[The new branch] has the most complete assortment of [NBA] products and merchandise in the Philippines,” said NBA Philippines MD Carlo Singson during a press conference.

    NBA store Philippines, Quezon cityThe International Athletic Trading Company (AITC) is managing the new branch in Trinoma Mall, Quezon City (right picture). It also oversees the NBA’s flagship store in Glorietta 3 in Makati City, and its second store in Mega Fashion Hall at SM Megamall in Mandaluyong City.

    IATC president and CEO Melvin Lloyd Lim said he is bullish about their new Quezon City presence, observing that the North Edsa area is “always packed with people” due to the presence of two (soon to be three) large commercial malls.

    “Based on my experience with retailing, this mall is one of the most successful Ayala malls,” Lim pointed out.

    All 30 NBA teams are represented in the merchandise at the NBA Store’s 280 sqm space including official jerseys, footwear, performance gear, lifestyle apparel, basketballs and collectibles.

    The stores feature assorted NBA products and other brands such as Adidas, Nike, Under Armour, New Era, Panini, Spalding, Stance and 2K Sports.

    In October 2015, the flagship NBA Store in the Philippines received the 2015 Asia Sports Industry Gold Award for the “Best Sports Retail Campaign” in recognition of its industry leading standards.

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  • Ayala eyes expansion of healthcare business

    Ayala eyes expansion of healthcare business

    The country’s oldest conglomerate Ayala Corporation plans to expand its investments in the healthcare sector with the roll out of 100 retail clinics under the brand-name FamilyDoc over the next 3 years.

    Ayala Managing Director Paolo Borromeo said in an interview that the conglomerate, through its unit Ayala Healthcare Holdings Incorporated, experimented on developing a smaller primary care clinic in December last year.

    Borromeo said the proposed clinic will house a pharmacy, a diagnostic center, and physicians to handle consultations.

    So far, it has two FamilyDoc clinics located in Las Piñas and Imus, Cavite.

    “If this becomes successful, we plan to build 100 clinics over the next 3 years,” Borromeo said.

    The initial investment for a 100-square meter clinic is from P6 million ($124,879.86) to P7 million ($145,693.17).

    Borromeo said Ayala plans to build this chain of retail clinics in middle income communities across the Philippines.

    Each clinic will have one doctor, two nurses, one pharmacist, and one radio technician.

    Operating hours are between 7 am to 9 pm. The consultation fee is P350 ($7.28) per patient.

    In 2015, the Ayala group entered the affordable retail healthcare space with the acquisition of a 50%-stake in the Generika group.

    Generika is one of the pioneers in the retail distribution of quality generic medicines in the Philippines, with 570 stores nationwide to date.

    The conglomerate entered the health care sector in 2014 through QualiMed, Ayala Land, Incorporated’s chain of hospitals and satellite clinics, in partnership with the Mercado medical group.

    Ayala had said it plans to invest $50 million in healthcare and education business over the next few years to make the most of the growing Philippine population and rising consumer spending.

    Ayala is one of the country’s largest conglomerates, with investments in banking, real estate, telecommunications, water utility, infrastructure, and power generation.