Zobel-led Ayala Corp., the country’s oldest conglomerate, is raising up to ₱31.5 billion through the issuance of preferred shares and Samurai loans from two Japanese banks to fund the expansion of its diversified businesses. In a disclosure to the Philippine Stock Exchange, the firm said...
The relaunch of Ayala Land Hospitality, the hospitality arm of Ayala Land Inc., is set to transform Philippine travel, one that is marked by immersive and inspiring experiences that are unmistakably Filipino. In the next five years, Ayala Land Hospitality (ALH) will heavily invest in refreshed and...
Avida Land, Ayala Land’s mid-market residential brand, launched the final tower of Avida Towers Makati Southpoint, following the strong sales of its first two towers, underscoring Makati’s appeal as a prime residential and investment destination. In a statement, Ayala Land said Makati remains a...
Ayala Land Hospitality, the rebranded hotels and resorts unit of real estate giant Ayala Land Inc., is set to double its portfolio, investing $500 million in expansion and renovation projects through 2030. Ayala Land Senior Vice President for Leasing and Hospitality Mariana Zobel de Ayala In a...
Zobel-led Ayala Corporation’s access to yen-denominated loans to fund growth initiatives at competitive rates has been enhanced after being assigned an inaugural foreign currency long-term issuer rating of “A-” by Japan Credit Rating Agency Ltd. (JCR). According to the report released by JCR,...
Danish infrastructure fund A.P. Moller Capital is acquiring up to 40 percent of Ayala Corporation subsidiary AC Logistics Holdings Corporation for a yet undetermined amount. In a disclosure to the Philippine Stock Exchange, Ayala said the investment of A.P. Moller, through EMIF II Holding III B.V.,...
Jaime Zobel Urquijo (left) and Jaime Alfonso Zobel de Ayala (right), the two young faces of Ayala Group's future. Amid unprecedented volatility and change, the country's oldest conglomerate, with two young Jaimes, has vowed to double down on its consumer commitment, integrating its diverse...
Ayala Corporation, the country’s oldest conglomerate, is no longer selling manufacturing subsidiary Integrated Micro-electronics Inc. as the unit has managed to turnaround after measures were taken to cut losses. In an interview, Ayala Chief Finance Officer Alberto M. de Larrazabal said that they...
Lopez-led multimedia firm ABS-CBN Corporation is selling about 70 percent of its 4.4-hectare (ha) prime property in Quezon City to real estate giant Ayala Land Inc. (ALI) for ₱6.24 billion to raise funds to pay off loans. In a disclosure to the Philippine Stock Exchange, ABS-CBN said it signed a...
As it celebrates its 15th anniversary, Salcedo Auctions begins the 2025 auction calendar with a sterling line-up for its first major event, “The Well-Appointed Life.” It is a prestigious roster anchored by Fernando Zobel’s “Icaro I” from 1959, an exceedingly rare gem from the esteemed...
Avida Land, the mid-income residential brand of Ayala Land Inc. (ALI), has begun construction of the 15-storey Tower 1 of Sentria Storeys Vermosa, marking a significant milestone in its expansion within Cavite’s thriving property sector. Set for completion in August 2028, the mid-rise condominium...
AREIT Inc., the real estate investment trust sponsored by property giant Ayala Land Inc. (ALI), reported a 49 percent year-on-year jump in net income to ₱7.4 billion in 2024, excluding net fair value change in investment properties. In a disclosure to the Philippine Stock Exchange, the firm said...
