Ayala Land Inc. (ALI) reported a 14 percent improvement in net income to P3.2 billion in the first quarter of 2022 from P2.78 billion in the same period last year, supported by continuing cost-efficiency measures amidst the pandemic. In a disclosure to the Philippine Stock Exchange, the firm said...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
Ayala Land, Inc. subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Holdings I Philippines Pte. Ltd., the vehicle of FLOW Digital Infrastructure, have signed a framework agreement to develop carrier-neutral data centers across the Philippines. In a disclosure to the Philippine Stock...
AREIT, Inc. (AREIT), the first Philippine real estate investment trust, reported a 59 percent jump in net income to P796 million in the first quarter of 2022, excluding fair value change in investment properties. In a disclosure to the Philippine Stock Exchange, the firm said profit growth was...
Real estate giant Ayala Land Inc. is now ready to open new malls and pursue the construction of new ones as it becomes more optimistic that consumers are going out again as the economy reopens. ALI Chairman Fernando Zobel de Ayala during the firm’s annual stockholders’ meeting noted that...
Ayala Land Inc. has raised P3.47 billion from the sale of shares of AREIT Inc., its real estate investment trust, which it received from a property-for-share swap. In a disclosure to the Philippine Stock Exchange, ALI said it sold 87.37 million AREIT shares at a transaction price of P39.70 per...
The BGC Community farm was constructed in the middle of BGC. (Jerome Sagcal) The streets of Bonifacio Global City (BGC) are lined with skyscrapers, but take a turn from 5th Avenue into 34th Street and you will find a green patch of land unlike anything else in the business district. On this corner...
As companies anchor their vision on sustainability, it is imperative for their team to also be housed in a sustainable property or building. This is the reason behind the redevelopment of Bank of the Philippine Island’s (BPI) head office, which will become a 45-story premium and sustainable...
Real estate giant Ayala Land Inc. is planning to raise up to P12 billion from the issuance of bonds to fund its capital expenditures this year as well as for the refinancing of obligations. Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of...
Ayala Land, Inc. (ALI) registered a 40 percent jump in net income to P12.2 billion in 2021 as total revenues improved 10 percent to P106.1 billion on account of resilient operations amidst the ongoing pandemic. In a disclosure to the Philippine Stock Exchange, ALI said that, supported by relaxed...
JAZA inducted as Honory Fellow by ICD By JAMES A. LOYOLA The Institute of Corporate Directors has inducted Ayala Corporation Chairman Jaime Augusto Zobel de Ayala as Honorary Fellow for his "lifelong commitment to promoting the highest standards of governance among Philippine corporations." "JAZA...
Ayala Corporation and the Zobels’ holding firm Mermac Inc. are infusing P17.39 billion worth of real estate into Ayala Land Inc. through a property-for-equity swap. In a disclosure to the Philippine Stock Exchange, ALI said its Board of Directors has approved the property-for-share swap with AC...
