Retail News CRM

Tag: retail property

  • Robinsons Malls Adds Accessibility Upgrades Across Philippine Network

    Robinsons Malls Adds Accessibility Upgrades Across Philippine Network

    Robinsons Land Corp. Is rolling out accessibility retrofits across its retail portfolio after Robinsons Las Pinas won a bronze award at the 31st Apolinario Mabini Awards. The recognition evaluated commercial premises on physical design adjustments and day-to-day facilities tailored for persons with disabilities.

    Organised by the Philippine Foundation for the Rehabilitation of the Disabled, the Mabini awards evaluate physical infrastructure, barrier-free pathways, operational assistance, and staff readiness across commercial properties. Robinsons Las Pinas took the Bronze Award in the Disability-Friendly Establishment category.

    Portfolio Retrofits and Building Standards

    Design teams at Robinsons Land Corp. Are adapting architectural layouts across existing properties to align with updated accessibility targets. The program covers ramps, accessible rest areas, dedicated parking bays, transit access points, and service counters designed for wheelchair users and visitors with mobility limits.

    Operational protocols also involve coordination with local community organizations and government agencies to ensure frontline mall personnel handle customer assistance requests correctly. Two other portfolio properties, Robinsons Magnolia in Quezon City and Robinsons Galleria South in San Pedro, Laguna, previously earned Mabini awards under similar operational audits.

    Commercial Footprint in Greater Manila

    Philippine mall developers face rising pressure to modernize older suburban assets as shopping centres evolve into community service centres handling government agencies, clinics, and everyday retail. Metro Manila shopping complexes compete intensely on basic convenience and universal access to retain family foot traffic.

    Property owners that neglect universal design risk losing footfall from multi-generational shopping groups, particularly as suburban transit links bring older shoppers and mobility-impaired visitors directly into retail corridors. Robinsons Malls plans to maintain these design standards as baseline criteria for upcoming renovations and new mall openings across regional provinces.

  • Scentre Group Lifts Full-Year Guidance to 23.79 Cents on High Mall Occupancy

    Scentre Group Lifts Full-Year Guidance to 23.79 Cents on High Mall Occupancy

    Scentre Group lifted its full-year earnings forecast after generating $612 million in first-half funds from operations across its Westfield shopping centres in Australia and New Zealand.

    The Sydney-headquartered landlord now projects full-year funds from operations to rise at least 4.25 per cent to 23.79 cents per security, with distributions tracking the same percentage increase. Operating earnings reached 11.73 cents per security during the six months to June 30, while distributions rose 4.9 per cent to $481 million.

    Sales and Footfall Gains

    Customer traffic across the portfolio rose 3.5 per cent to 347 million visits during the first half. Westfield membership expanded to 5.2 million users, supporting higher transaction volumes across managed retail space.

    Occupancy reached 99.8 per cent, gaining 10 basis points from the prior year and holding at its highest rate in more than a decade. Specialty retailer sales grew 5.1 per cent over the half, while total partner sales increased 3.7 per cent across the network.

    Property Valuations and Portfolio Value

    Statutory profit for the half finished at $975 million, supported by an unrealised property valuation increase of $478 million. Total portfolio assets stood at $33.7 billion at the close of June.

    The performance reflects solid rental retention across primary retail hubs, matching the previous year’s 4.9 per cent earnings growth when operating funds reached $1.18 billion. Chief Executive Elliott Rusanow confirmed the group will focus on expanding land-use yield and commercial partnerships across its existing properties through the remainder of the fiscal year.