AYALA LAND, Inc. Expects to Invest PHP 10 Billion More in its Mixed-Use Estate Property in Porac, Pampanga in Next Three to Five Years
June 26, 2023 at 01:55 pm IST
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AYALA LAND, Inc. (ALI) expected to invest PHP 10 billion more in its mixed-use estate property in Porac, Pampanga in the next three to five years. Looking ahead within the next three to five years, the company’s plans involve activating another 300 hectares and injecting PHP 10 billion as the company pursue the reality of Alviera's vision. Of the PHP 10 billion earmarked for further development, about PHP 2 billion would be for the newly launched A- Block commercial area, while the remaining PHP 8 billion would be for other parts of the site.
The PHP 10 billion spans across all different products within Ayala Land, this is residential, a part is [infrastructures], and commercial. Alviera is a joint development by Leonio Land Holdings, Inc. and ALI spanning 1,714 hectares. ALI previously invested PHP 10 billion to develop 430 hectares of the Pampanga estate.
The company expected to complete the development of the new commercial hub after two to two-and-a-half years.
Ayala Land, Inc. is a Philippines-based property developer. The Company is focused on developing integrated and mixed-use real estates. The Company operates through eight segments: Property Development, International Business, Shopping Centers, Offices, Hotels and Resorts, Construction, Property management, and Others. The Company has developed properties in the Makati CBD, Ayala Alabartg, Cebu Park District, Bonifacio Global City, and others. It has approximately 12,000 land, and 49 developed estates. The Company offers diverse portfolio of complementary businesses primarily in the development of residential, office, commercial, and industrial properties for sale, as well as commercial leasing through shopping centers, offices, hotels, resorts, factory buildings, warehouses, co-living, and co-working spaces. Its brands include Ayalaland Premier, Alveo, Avida, Amaia, and BellaVita. The Company's subsidiaries include Alveo Land Corporation, Serendra, Inc., and others.
AYALA LAND, INC. 
