BY UNICAPITAL SECURITIES
Ayala Land Inc. (ALI) is expanding its mall network with 8 new malls that the firm is planning to open until 2016.
One of these malls will be located in Legazpi, Albay through a partnership with Bicol-based LCC group. The mall is expected to open within the year.
ALI is looking to spend PHP 100 billion in capital expenditures this year to support the firm’s “aggressive growth trajectory” as part of its 2020 Vision program, which aims to achieve a 20% annual growth in the next 6 years.