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Ayala Malls hikes renovation budget to P17.5B
Business World Philippines
|July 18, 2025
AYALA MALLS is increasing the budget for its mall renovation program to include more properties, as the developer aims to add 700,000 square meters (sq.m.) of new gross leasable area (GLA) over the next five years.
Mariana Zobel de Ayala, Ayala Malls president and head of the leasing and hospitality group, said during a media event on Thursday that the mall renovation program now has a P17.5-billion budget, up from the previous P13 billion announced at its launch last year.
Ms. Zobel said renovations at Glorietta, Greenbelt, TriNoma, and Ayala Center Cebu are on track, with key milestones scheduled for completion in the coming months.
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