Ayala Malls, the retail arm of real estate giant Ayala Land Inc. (ALI), is investing ₱12.7 billion for the planned redevelopment and construction of its three Cebu-based malls that will boost their economic vitality and retail prominence. The investment is a key part of ALI’s previously...
The Lopez Group’s upscale property developer, Rockwell Land Corp., saw a dip in first-half profits as higher expenses and interest payments offset growth in revenues, as residential sales rose despite the condominium glut. The firm’s financial report filed with the Philippine Stock Exchange...
The Gotianun Group’s Filinvest Development Corp. (FDC) has appointed John Richard B. Sotelo as its new Chief Marketing Officer, poaching the veteran executive from rival Robinsons Land Corp. (RLC). In a disclosure to the Philippine Stock Exchange, FDC, which also has interests in real estate...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
Ayala Land Hospitality has partnered with Hilton Worldwide Holdings Inc. for the operation of the 400-room Canopy by Hilton Makati, which will rise above the bustling One Ayala development next year. The two firms announced the signing of the agreement for the upcoming hotel, which they aim to be...
Real estate giant Ayala Land Inc. is diverting ₱1.44 billion in funds raised from the sale of AREIT Inc. shares to pay for its acquisition of the 578-room New World Hotel from the redevelopment budget of Bank of the Philippine Islands’ Ayala headquarters. In a disclosure to the Philippine Stock...
The Aboitiz and Yuchengco groups have secured their respective boards’ approval for a planned joint venture to significantly expand the TARI Estate in Tarlac by 184 hectares to 384 hectares. The joint venture agreement is between LIMA Land, Inc., a wholly owned subsidiary of Aboitiz InfraCapital...
The Securities and Exchange Commission has started a fact-finding exercise into the allegations over the surge in valuation of the vast tracts of prime property owned by Villar Land Holdings corporation, and the company said it welcomes the probe. In a media interview, SEC Chairman Francis Lim...
Real estate giant Ayala Land Inc. is again launching residential projects in its core middle-income market after seeing a recovery in demand, which has brought down excess inventory or ready-for-occupancy (RFO) units to a comfortable level. In a press briefing, ALI President and CEO Anna Ma....
Robinsons Land Corp. (RLC), the property development unit of the Gokongwei’s JG Summit Holdings Inc., posted a five percent dip in attributable net income to ₱6.88 billion in the first half of 2025 from ₱7.25 billion in the same period last year due to a ₱730 million one-time gain in 2024....
For the first semester of 2025, Ayala Land, Inc. (ALI) posted P14.2 billion in net income, an 8 percent growth from last year, attained based on the strength of its diversified portfolio that includes premium residential, commercial and industrial spaces, retail leasing and hospitality, and...
Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth. Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a...
