Ayala Land’s mall upgrades boost occupancy, foot traffic

Inquirer.net 4 h Philippines

MANILA, Philippines — Ayala Land Inc. (ALI) is beginning to reap the benefits of its flagship mall upgrades, with occupancy and foot traffic improving as the property giant prepares another wave of renovations. On Friday, the Zobel-led developer said its shopping center portfolio reached a 90-percent lease-out rate as of end-June, up from 87 percent a

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