MANILA (BLOOMBERG) – Property developers in the Philippines are considering novel alternative uses for malls as people stay home and prefer to buy things online.
SM Prime Holdings, the nation’s biggest landlord, is leasing out some of its parking lots for longer-term car storage, while a unit of Ayala Land plans to convert areas in its shopping centres to e-commerce backend facilities and medical clinics.
South-east Asia’s worst coronavirus outbreak has made Filipinos fearful of going about thei…

 

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