Ayala Land Inc. is steadily reshaping its growth mix, with 2026 emerging as a key milestone in its push to expand leasing and strengthen recurring income.
On the sidelines of Ayala Corporation’s stockholders’ meeting on April 24, president and chief executive officer Meean Dy said the company will open about 200,000 square meters of mall space and 70,000 square meters of office space this year, with additional openings expected over the next three to five years.
The strategy is increasingly about building a steady income system rather than relying on isolated projects. Leasing and hospitality are being positioned as the stabilizing layer alongside the more cyclical development business—less volatility, more consistency.
There is also a shift in focus from flagship builds to portfolio-wide upgrades. With major mall renovations nearing completion, attention is turning to more than 30 malls across the network, where incremental improvements can scale meaningfully.
Over five years, Ayala Land plans to add more than one million square meters of leasable space, much of it within its own estates where land is already secured—an unglamorous but practical advantage that supports smoother execution.
“This year, we are building on the momentum of our leasing and hospitality businesses, which continue to strengthen the recurring income base of Ayala Land,” said Mariana Zobel de Ayala, who leads the segment.
This year alone, the company is set to add about 270,000 square meters of new mall and office space, alongside the reopening of the Mandarin Oriental Manila.
The direction is clear: instead of relying on sporadic growth bursts, Ayala Land is building a portfolio designed to produce steady output over time—quietly compounding rather than dramatically spiking.
