Bilyonaryo - Property

Property giant Ayala Land splashes P2.3B for QC, Batangas, Cavite projects in Q2

July 15, 2022

Bilyonaryo.com

Ayala Land Inc. (ALI) has spent P2.268 billion for condominium, industrial park and subdivision projects in the second quarter of 2022.

ALI used up 68 percent of the P3.444 billion it raised from the sale of 87.37 million AREIT shares in May this year.

The biggest outlay is P1.25 billion for the purchase of land in the ALI-ETON township project in Pasig and Quezon City, a 50-50 joint venture with ultra bilyonaryo Lucio Tan.

ALI released P745 million for the purchase of land in Batangas, which will be developed by Laguna Technopark Inc., and another P108 million to buy real estate in Cavite.

It pumped in P99 million for the on-going construction of its 43-storey corporate tower One Vertis Plaza in QC.

ALI also shoveled P66.2 million for the on-going development of the 49.3-hectare Andacillo residential project in Canlubang, Laguna.

Related News Tags: Ayala Land Inc, Batangas, Cavite projects, industrial park, QC

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Indonesian islanders file Holcim climate complaint

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Santi Elizalde: AHG’s budget hotel operations set to return to pre-COVID figures by end-2023

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Raising the bar: Santi Elizalde mulls new resort concepts in the Philippines

Hospitality management group AHG is exploring new resort concepts which it hopes to introduce in the Philippines as part of its potential expansion.

Inside job? Vehicle owners at BF Homes lose premium mags to thieves

A growing number of vehicle owners at BF Homes in Parañaque are growing distressed over the recent spate of theft involving car mags and wheels.

Back on track: Roxas Group lines up new projects in Tagaytay-Nasugbu area

Indonesian islanders file Holcim climate complaint

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Inside job? Vehicle owners at BF Homes lose premium mags to thieves

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