CP AXTRA and Ayala Group sign MoC to boost Makro Mall development in Thailand

The focus is on seven Makro stores in Thailand.

CP AXTRA Public Company Limited has signed a memorandum of cooperation (MoC) with the Ayala Group to strengthen mall development and asset management for its Makro operations in Thailand.

Through the partnership, Ayala’s retail and mall units—ACx Holdings Corporation and AyalaLand Malls, Inc—will work with CP AXTRA to share best practices in mall operations, leasing, and project development.

The initial focus will be on seven Makro stores in Thailand, aiming to improve efficiency, enhance customer experience, and increase the long-term value of CP AXTRA’s property assets.

The agreement also allows both sides to explore future investments in mall development and redevelopment projects across Thailand.

This is the third cooperation agreement between CP AXTRA and Ayala Corporation, following earlier collaborations including Makro operations in the Philippines.