Real estate giant Ayala Land Inc. (ALI) is launching P115 billion worth of projects this year with a capital expenditure (capex) budget of P100 billion as it is optimistic about opportunities for 2024. ALI President and CEO Anna Ma. Margarita B. Dy In a media and analysts’ briefing, ALI President...
Property giant Ayala Land Inc. (ALI) of the Zobels posted a 32 percent growth in net income to P24.5 billion in 2023, fueled by robust property demand and heightened consumer activity. In a media and analysts’ briefing Tuesday, Feb. 20, ALI Chief Finance Officer Augusto Bengzon said...
Ayala Malls, a unit of the Zobels’ real estate giant Ayala Land Inc. (ALI), is investing P13 billion for the redevelopment of four of its iconic malls in Metro Manila and Cebu in response to changing consumer preferences in the digital and post-pandemic era. (L-R) Mariana Zobel de Ayala,...
Ayala Land Inc. and its real estate investment trust AREIT Inc., reported of having the largest EDGE (Excellence in Design for Greater Efficiencies) Zero Carbon certified office portfolio in the Philippines after eight of their buildings were certified. In a disclosure to the Philippine Stock...
Real estate giant Ayala Land Inc. (ALI) has raised P5.63 billion from the sale of shares of real estate investment trust AREIT Inc. at P31.10 per share, lower than the P34 per share valuation of its upcoming share swap for P23 billion. In a disclosure to the Philippine Stock Exchange (PSE), ALI...
Real estate giant Ayala Land Inc. is doubling the capacity of its SEDA hotel brand while undertaking a two-year renovation of four of its biggest malls in a bid to further increase foot traffic by making them provide a better shopping and dining experience to customers. ALI Senior Vice President...
Mariana Zobel de Ayala, executive director of the country’s oldest conglomerate Ayala Corp., said the catastrophic impact of the ongoing climate change requires corporations to take drastic steps to counter this as they can longer go on with “business as usual.” “It is our belief that...
AREIT Inc., the real estate investment trust of property giant Ayala Land Inc., has completed the acquisition of Seda Lio in El Nido, Palawan, from ALI's subsidiary Econorth Resort Ventures Inc. for P1.19 billion. In a disclosure, AREIT said Seda Lio is a 153-room resort hotel that caters primarily...
Real estate giant Ayala Land Inc. is aiming to double its business in five years from its 2022 level as it aims to aggressively expand this year based on its positive outlook for 2024. In an interview, ALI President and CEO Anna Ma. Margarita Bautista-Dy said they are maintaining their positive...
Real estate giant Ayala Land Inc. (ALI) is investing an initial P1.9 billion for the five-year development of its newest leisure estate, Arillo, in Batulao, Nasugbu, Batangas. In a statement, the firm said Arillo is being developed on a property spanning over 62 hectares and offers a unique...
AREIT Inc. (AREIT), the real estate investment trust of Ayala Land Inc. (ALI), is expanding to the hospitality business as part of its largest acquisition next year of P29.77 billion worth of prime commercial properties. In a disclosure to the Philippine Stock Exchange (PSE), AREIT is purchasing...
Diversified conglomerate San Miguel Corporation (SMC) and property giant Ayala Land Inc. (ALI) have signed an Integration Agreement to connect ALI’s Arca South on and off ramps into the Skyway system. In a statement, SMC said the connection will be made via the upcoming South East Metro Manila...
