Ayala Land Inc. is rolling out a busy slate of mall openings and expansions this year, beginning with the launch of Ayala Malls Arca South in Taguig.
Paul Birkett, Ayala Malls chief operating officer, told the Manila Standard that phase one of the Arca South development will open Friday with about 50 tenants and food trucks. Phase two is scheduled to open in the second half of the year.
The project is part of a plan to add 200,000 square meters of new leasable mall space in 2026. Birkett said the company expects to open five to six projects this year, mostly through expansions and the reopening of renovated sites. These include additional phases of Evo City in Cavite, a major expansion of Solenad in Nuvali, the opening of Gatewalk in Cebu, and the reopening of Greenbelt 2 after refurbishment.
A new rooftop dining and nightlife destination at the Greenbelt complex is also targeted for a third-quarter opening.
“It is going to be a busy year for the malls,” Birkett said.
The growth extends beyond 2026, as Ayala Malls is scheduled to open 600,000 square meters of retail space over the next three years. ALI began developing the four-story Arca South mall 10 years ago, but completion was delayed by the pandemic.
ALI has been redeveloping flagship malls across the country to capitalize on consumer spending and the growth of the middle class. In 2024, it embarked on a P13 billion redevelopment of Glorietta, Greenbelt, TriNoma, and Ayala Center Cebu. Last year, it allocated an additional P4.5 billion to redevelop Ayala Malls Abreeza, Cloverleaf, Fairview Terraces, and MarQuee Mall.
The company aims to add 700,000 square meters of retail space by 2030 by building three to five malls annually. During the first nine months of 2025, ALI’s mall revenues increased 4 percent to P17.4 billion, driven by new developments and healthy operations at existing malls.
