Whenever we have an estate development, our intent is to have a shopping center and a Wellworth," said ALI chief operating officer Bobby Dy in an interview.
said the plan is to open about three Wellworth department stores a year but it will have to depend on how fast ALI can develop and open new malls and commercial centers.
"We just dovetail it with our mall openings," he
said their malls and department stores are part of ALI's
strategy to offer a complete package in their developments.
This also includes residential and office buildings, hotels and their recent foray in the medical services business.
"We just want to be in major growth areas in the country.
It is our strategy to be able to introduce these estate developments in major growth centers in the country.
Whenever we have that, the we have the opportunity to bring in our various product lines," Dy
noted that business sentiment continues to be favorable and that is why practically all of ALI's
investments are being done domestically.
pointed out that the firm plans to maintain its high capital expenditure, about P70 billion programmed for 2014, because We continue to remain quite bullish.