Business
Glorietta and Greenbelt Are Getting Busier—But Ayala Land’s Bigger Bet Is Only Beginning
MANILA, Philippines — Ayala Land Inc. (ALI) is beginning to see the payoff from its multibillion-peso makeover of some of the country’s most established malls, with higher shopper traffic, stronger same-mall revenues and improved occupancy giving fresh momentum to its leasing business. The company’s shopping-center portfolio reached a 90% lease-out rate in the first half of 2026, up from 87% a year earlier. At the same time, same-mall revenues increased 7% while visitor footfall climbed 5%, sig
