Ayala Land earmarks P13B for renovation of four malls

MANILA,  Philippines  —Property giant Ayala Land Inc. is spending P13 billion to renovate and reinvent four of its premier shopping centers into “iconic” destinations amid increasing competition in the retail sector. The redevelopment will take two years to complete and will involve the builder’s TriNoma shopping center in Quezon City, the Glorietta and Greenbelt malls
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