Ayala Land Signs Makro Wholesale for Four Mixed-Use Luzon Estates
In this article (2)
Ayala Land Inc. Signed long-term lease agreements with Makro Philippines to open four large-format wholesale stores across its master-planned estates in Luzon.
The rollout puts the wholesale brand into Cloverleaf in Quezon City, Arca South in Taguig, Broadfield in Laguna, and Evo City in Cavite.
Lease Terms and Property Footprint
Under the agreement, Ayala Land retains land ownership across the standalone sites in Broadfield, Evo City, and Cloverleaf. Makro will finance, construct, and operate those three locations. At the 74-hectare Arca South development in Taguig, the retailer will take space directly inside the local Ayala Mall.
Makro Philippines operates as a joint venture between conglomerate Ayala Corp. And Thailand-based CP Axtra Public Co. Ltd., the wholesale and retail arm of Charoen Pokphand Group. The stores will sell fresh produce, dry groceries, imported lines, and nonfood merchandise to commercial buyers and retail households through physical warehouses and an integrated digital ordering platform.
Wholesale Expansion Across Growth Corridors
Wholesale clubs and membership formats across Southeast Asia have accelerated their push beyond central business districts to capture rising suburban grocery spend. CP Axtra has pursued international growth outside Thailand to scale its cash-and-carry model, while Ayala Land gains steady rental yields and anchor foot traffic across its mixed-use land bank.
Development schedules now shift to site preparations at Broadfield and Evo City as Makro begins construction across the three standalone suburban plots.