Ensuring mutual success
A developer’s invitation for businesses to set up shop in its projects must ensure mutual success. Otherwise, the partnership becomes lopsided and unstable. With 29 mixed-use estates, Ayala Land Inc. (ALI) certainly knows how to strike reciprocal deals with its own locators.
Mixed-use developments offer an advantage for commercial ventures. Among others, these provide a built-in clientele and expertise in property management. Conversely, locators help developers reassure homebuyers that they are investing in a desirable life and properties whose values will appreciate over time. In the best matches, one’s success is the other’s own. This symbiosis exists between Ayala Land and Daiichi Properties.
“We’ve developed several properties in [Bonifacio Global City] and have seen how ALI works,” said Charmaine Uy, Daiichi senior vice president, referring to design-forward buildings like The Finance Centre, World Plaza, One World Place and One Global Place. “Over the years, we’ve witnessed and benefited from their business ethos. Their estates are well-planned, well-constructed and well-maintained post-development. We apply the same standards and practice in our projects, thus making our companies truly aligned.”
Ayala Land has delivered in-demand spaces. Its masterplanned communities ensure people-centered integration, convenience and accessibility. It has built dynamic and sustainable microcities providing quality residences, conducive workspaces and commercial meccas. These qualities have complemented Daiichi’s own mission of constructing world-class buildings in great locations. The communities’ verve and receptiveness also make them ready for awesome architecture. Moreover, Daiichi puts the same value on sustainability.
Trusting the winning relationship even in the time of a pandemic, Daiichi is moving forward with another milestone in Arca South, Ayala Land’s 74-ha estate. Rising on the Taguig development is the 13-story 56 Central.
“We’ve enjoyed successes together and the inherent value and resilience of ALI estates make them a top choice for our upcoming projects,” Uy noted. “We remain confident in ALI and look forward to how 56 Central will usher a productive experience for our office tenants and contribute to the integrated live-work-play experience in Arca South.”
The project is a premium-grade building covering 44,790 sqm. The elegant structure, perfect for global companies and startups, allows full daylighting and sweeping views. It also features high-ceiling retail shops and generous community spaces. The air conditioning system provides fresh, filtered air, while the structure is designed to withstand stress from earthquakes and typhoons.
Daiichi banks on several factors in its decision. Land values have increased for Ayala Land developments, with Colliers reporting that rates for both Alabang and Makati grew about 12 percent annually in the past 10 years. Leechiu Property Consultants also noted that the first half of 2020 saw a 50-percent increase in lease levels for office spaces and over 26,000 residential units sold in Metro Manila. Furthermore, Arca South is positioned for great success, enjoying access to current and future transport infrastructure, as well as the business districts of Makati and BGC.
“We always take a long-term view of the market and we believe that the economic effects of COVID-19, while felt at the moment, are temporary,” said Uy. “The economy will bounce back, that’s why we continue to build in order to reap the benefits of long-term investment and thinking.”
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