Ayala Corp. nets P4.5B in first quarter
By Doris C. Dumlao
Conglomerate Ayala Corp. grew its first quarter net profit by 29 percent year-on-year to P4.5 billion driven by the strong performance of its banking and property businesses.
Conglomerate Ayala Corp. grew its first quarter net profit by 29 percent year-on-year to P4.5 billion driven by the strong performance of its banking and property businesses.
Property giant Ayala Land Inc. has raised P3.5 billion from the sale of commercial lots in the Food Terminal Inc. property in Taguig City in the first quarter, in line with its plans to unlock values from the 74-hectare landbank acquired from the government last year.
Property giant Ayala Land Inc. (ALI) has unveiled its sixth series of Homestarter bonds worth P2 billion, targeting retail investors who wish to set aside funds that may be used as full or partial downpayment for the purchase of an Ayala Land property.
Property giant Ayala Land Inc. has raised its stake in Cebu through a joint venture with the Metro Gaisano group to develop a 12-hectare raw land in Mactan into a leisure-oriented mixed-use community.
Property giant Ayala Land Inc. is set to expand its seaside land bank south of Metro Manila through a property deal with Boulevard Holdings Inc., owner of the Puerto Azul complex.
Soon to rise in Iloilo City is a master-planned, mixed-use community that will integrate residential, retail and business clusters as well as healthcare and educational institutions.
Property giant Ayala Land Inc. is expanding its beachfront landbank for leisure estate development south of Metro Manila through a property deal with Boulevard Holdings Inc., owner of the Puerto Azul complex in Cavite.
The Ayala and Aboitiz conglomerates have expanded their partnership from infrastructure to real estate by signing a deal for the joint development of several pieces of property in Cebu.
The relaxed and laid-back city of Bacolod has become more exciting with the new development of North Point, the latest residential and commercial property project of Ayala Land in Negros Occidental. Property giant ALI has four residential brands in the development: Premier for the luxury market, Plantazionne and Asyana Verdana Homes for the high-end market, Avida for the mid-market and Amaia for the affordable market.
Property giant Ayala Land Inc. has taken full control of a subsidiary that owns business process outsourcing (BPO) buildings, thereby boosting its office property portfolio.
New business districts Circuit Makati, a 21-hectare development, and the 74-hectare Arca South—both by Ayala Land—recently joined the list of emerging business districts in Metro Manila as cited by Jones Lang LaSalle.
Property giant Ayala Land Inc. has started to unlock values from the Food Terminal Inc. property in Taguig City, now called “Arca South,” selling a number of commercial lots to ignite development in the 74-hectare landbank it acquired from the government last year.
