Ayala Land raises P3.5B from sale of FTI lots

Property giant Ayala Land Inc. has raised P3.5 billion from the sale of commercial lots in the Food Terminal Inc. property in Taguig City in the first quarter, in line with its plans to unlock values from the 74-hectare landbank acquired from the government last year.

The sale of FTI lots, now called as “Arca South,” comprised the bulk of the P4.1 billion in revenues from the sale of commercial lots booked by ALI in the first three months which, in turn, rose by 348 percent year-on-year.

“There will be a few more programmed [sales] towards the end of the year. That will complete the allocation for commercial lot sales,” ALI chief finance officer Jaime Ysmael said in a press briefing last week.

ALI earlier announced that it had started selling commercial lots in FTI with sizes typically ranging between 2,500 and 3,000 square meters based on a headline price of P150,000 to P155,000 per sqm. This was intended not only to generate liquidity and monetize part of what ALI paid for FTI, but at the same time accelerate the rate of development in the complex.

FTI is the single biggest property acquired by ALI since taking over the Bonifacio Global City project in 2003. This accounted for the bulk of the company’s landbanking cost last year.

ALI earlier estimated that its acquisition price of FTI per square meter was a little over P32,000, a significant discount to Makati and Bonifacio Global City land values. ALI won the property through a public bidding with a net present valuation of P23.9 billion. but total cost is estimated at P27 billion when value-added tax is included.

Ysmael said ALI would keep 50 hectares of Arca South in its own portfolio. “We will develop these on our own either by ourselves or with joint venture partners, and that’s where we’ll introduce mixed-use development, predominantly residential but with strong office, retail or even hotel components,” he said.

It was earlier reported that ALI had given an average discount of 10 percent to the commercial lot buyers because a lot of them availed of an early payment package. The buyers can use these lots to put up offices, a vertical school, hotel, retail center or even a residential project.

The Arca South masterplan, which will likely take 10 to 15 years to develop, is similar to ALI’s “Vertis North” project, a large-scale mixed-use urban hub comprising about 45 skyscrapers at the heart of what is envisioned to be the central business district of Quezon City.

But unlike the skyscrapers in nearby BGC, the typical height of the FTI buildings will only be around nine storeys. The height restriction is due to its proximity to the Ninoy Aquino International Airport, at present the main international gateway to Metro Manila.

The development model in FTI is unique and, to gain additional areas, ALI is planning a below-ground type of main highway, something that has been done in other countries. This would allow ALI to recover and maximize space.

The lack of access points to FTI is seen to be addressed by an intermodal transportation terminal hub that the government plans to implement in the complex. This six to seven-hectare terminal hub is expected to be finished during the term of President Aquino, which ends in 2016.

source:  Philippine Daily Inquirer 

Ayala Land keen on BHI’s Cavite assets

PROPERTY developer Ayala Land Inc. (ALI) is interested in acquiring the Ternate, Cavite, and Puerto Azul pieces of proerty of resort operator Boulevard Holdings Inc. (BHI), a company official said.

Antonino T. Aquino, ALI president, told reporters the company is currently conducting due diligence on the BHI properties in the province of Cavite.

ALI, however, is not likely to acquire the Friday’s beach resort brand of Boulevard Holdings in Boracay, Aklan and Puerto Galera in Mindoro Oriental.

“We are always talking about leisure type of community exactly similar to what we had in Anvaya [Cove in Bataan], or something similar to what we will be doing in El Nido [Palawan]. The concept is to come around with those kinds of leisure-type of communities,” Aquino said. ALI is set to complete due diligence in about four months.

BHI has recently authorized its chairman and chief executive officer, Jose Marcel Panlilio, to sign a terms of reference and a final agreement for the sale of the firm’s units or assets.

BHI in 2009 acquired seven parcels of land in Barangay Sapang in Ternate, Cavite, with a total area of about 106 hectares. It earlier said the company originally wanted to develop the site into a third Friday’s Resort, but the plan did not pushed through.

In Puerto Azul BHI has about 3,000 hectares of land, where it also planned to put up a Friday’s Resort, this time in Paniman Beach.

Aquino said the due diligence will establish if the best deal with BHI would be a joint venture or an outright acquisition

“But it will probably be a combination or depending on the territory that we’re talking about,” Aquino said.

BHI was established in 1994 as a holding company that mainly develops hotels and resorts and tourism-related businesses and investments in strategic land locations and other real-estate property business. Its main business, however, is the operation of the Fridays resorts.

Total sales of Friday’s Boracay reached P44.34 million for the period, lower than the previous year’s P48.02 million, or an 8-percent decline.

BHI reported a lower income of P1.56 million for the first half of its fiscal year ending in November 2012, lower than the P3.49 million in 2011 as a result of lower revenues.

ALI posted a record P9.04 billion in net income for the year 2012, 27 percent higher than the P7.14 billion recorded the previous year. Consolidated revenues reached P54.52 billion, 23 percent higher year-on-year.

source:  Business Mirror

Ayala Land’s acquisition plans gain ground

PROPERTY DEVELOPER Ayala Land, Inc. expects to firm up after four months plans to acquire assets in Cavite of Panlilio-owned Boulevard Holdings, Inc. which could be developed as a leisure project, a top company official told reporters on Saturday last week.

“We just came around an agreement to talk and come up with the land values. There are studies we have to do prior to the actual due diligence work, and the due diligence would take about maybe 120 days or so -- four months to be able to complete the detailed due diligence,” Antonino T. Aquino, Ayala Land president and chief executive officer, told reporters at Globe Circuit Event Grounds in Makati City on Saturday.

Boulevard Holdings officials were not immediately available for comment.
Last April 26, Ayala Land inked an agreement, subject to further discussion, to acquire “certain landholding assets” of Boulevard Holdings, with Ayala Land’s upscale brand Ayala Land Premier expressing “preliminary interest” in some of Boulevard Holdings’ properties.

Asked which Boulevard Holdings’ assets were in Ayala Land’s sights, Mr. Aquino said: “That’s also part of what has to be determined, but it’s in Ternate, Cavite… it’s a very large area.”

Boulevard Holdings is a holding company established in 1994, with primary interests in hotel, resort, and tourism-related developments.

Since 2011, Boulevard Holdings has been scouting for foreign and local partners to develop the firm’s 3,000-hectare Puerto Azul resort in Ternate.

“We have always talking about leisure-type communities, exactly similar to what we have in Anvaya (Cove), and something like what we will be doing in the El Nido Resort area,” Mr. Aquino said when asked to elaborate on possible plans on Boulevard Holdings’ assets.

“So, the concept is really to be able to come around with those type of leisure-oriented communities.”

In Bataan, Ayala Land has developed in partnership with Subic Bay Development and Industrial Estate Corp. Anvaya Cove, a 320-hectare leisure complex.

In El Nido, Palawan, Ayala Land has developed and currently operates an island resort complex consisting of the Lagen, Milinoc, Apulit and Pangulasian Island resorts.

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Mr. Aquino added that Ayala Land will pursue new business and leisure developments in Cebu in partnership with Aboitiz Land, Inc., the real estate arm of Aboitiz Equity Ventures, Inc., and Taft Property Venture Development Corp., a unit of Gaisano-led Vicsal Development Corp.

“We will jointly acquire something together and then, on that basis, put up again an integrated mixed-use development which… in Cebu, will effectively be the third major business district-oriented development there -- a city district-type development following Cebu IT Park and Cebu Business Park,” Mr. Aquino said of his company’s initial 50%-50% partnership with AboitizLand forged last April 24.

Cebu IT Park (formerly Asiatown IT Park) is a 24-hectare economic zone in Cebu City, while Cebu Business Park is a 50-hectare master-planned development, also in Cebu City. Both projects are owned and operated by Ayala Land affiliate Cebu Holdings, Inc.

“For Vicsal, it will be something that is in the Mactan (Island) area, which tells you that it would be more of a leisure-type development. I think that tells you again we like the tourism side. We know that with the success we’ve had in Anvaya, so it’s going to be a replication and this is exactly the same model we will be doing there,” Mr. Aquino said of Ayala Land’s team-up with the Gaisanos that was forged last April 26.

Ayala Land was organized in 1988 when parent Ayala Corp. decided to spin off its real estate division into an independent subsidiary to enhance management focus on real estate.

Shares of Ayala Land fell by 15 centavos or 0.46% to P32.40 apiece yesterday from P32.55 on Friday last week, while those of Boulevard Holdings gained 1.4 centavos or 8.04% to 18.8 centavos from 17.4 centavos each.

source:  Businessworld 

Ayala Land, Alcantara to develop Davao property

RAPPLER - The country's biggest property group, Ayala Land, and Davao-based investment holding firm Alcantara-led Alsons Development and Investment Corp (Aldevinco) have sealed a deal to develop a 25-hectare property in southern Mindanao.

In a disclosure on Friday, March 22, Alsons Consolidated Resources said the joint venture agreement involves the transformation of the property in Lanang, Davao City into a mixed use community that will include residential and commercial lots, low to mid-rise towers with a residential component.

"This project will add more than 2,000 residential condominium units and approximately 7,000 square meters of leasable commercial space" to Ayala Land and the Alson group's portfolio, the two firms said in separate statements.

Alsons Consolidated and Aldevinco jointly hold the title to the property.
At the signing ceremony were Aldevinco President Tomas Alcantara and Ayala Land president Antonino Aquino, as well as other executives of both firms.

The low-key Alsons Consolidated is in the power and other utility businesses. Its portfolio includes a 98 megawatt diesel plant in Iligan City and an electric and water utilities services in Lima, Bataan. It has a 105 megawatt $105 million-worth plant via unit Saranggani Energy Power that is expected to be completed by August 2015.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

Ayala Land earmarks P12b for Alabang lot

Property developer Ayala Land Inc. said Tuesday it will spend P12 billion to develop a 6.6-hectare property in Alabang, Muntinlupa.

The mixed-use development to be called South Park District will rise on the former site of a Nestlé factory and contain seven residential towers, a shopping mall and office buildings.

South Park District will be developed by Ayala Land’s unit Avida Land Corp., which focuses on the affordable segment. This will be Avida Land’s first mixed-use development.

Ayala Land president Antonino Aquino said the P12-billion investment will be spent over a 10-year period, with the bulk of the amount to be made in the initial phase of the project, which would include a two-tower condominium building, a mall and an office building.

The twin-tower building called Avida Towers Altura will contain 1,054 units.  The first tower will have 433 units consisting of studio, one-bedroom and two-bedroom units with prices ranging from P1.8 million to P6 million. The building will be ready for turnover by 2016.

Six more residential towers are expected to be launched over a 10-year development plan.
Avida Land plans to attract professionals, young businessmen and Filipino workers overseas in the south of Metro Manila to invest in the project.

It said aside from the residential towers, the project would contain a regional mall to be jointly developed by Ayala Land and Store Specialists Inc. of the Rustans group.  On top of the mall will be a 19-story office building that will cater to business process outsourcing companies.

The mall will have 40,000 square meters of leasable space while the BPO office building will have 21,000 square meters of leasable area.  The mall is scheduled to open by 2015.

For more details on Avida Towers Altura , you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

In 2014 ALI Sees P10-B New Profit

Manila Bulletin - Ayala Land, Inc. (ALI) said it expects to expand its record profit this year as the country’s largest developer takes advantage of a housing shortage and develops business districts outside the capital.

“That is very possible given the very positive tailwind we’re getting from the Philippine economy,” Ayala Land President Antonino Aquino said in an interview with Bloomberg Television.

The developer stands to benefit from an undersupply of housing it estimates at 4 million homes nationwide. Profit rose 27 percent to a record P9.04 billion in 2012. The company, which developed the Makati business district in Manila, has said it targets to boost profit to P10 billion by 2014.

The Philippines’ $225-billion economy expanded 6.6 percent last year, the fastest pace in two years, as government spending and consumption rose. Its 6.8 percent expansion last quarter beat that of Indonesia, Malaysia and India. Standard & Poor’s in December raised the Philippines’ sovereign debt outlook to positive on improved governance and public finances, bringing it closer to investment-grade status.

“Ayala Land is in the best position to capitalize on the economy’s growth momentum because it is in everything from housing to retail to offices, and geographically it is everywhere,” Richard Laneda, an analyst at Manila-based COL Financial Group Inc., said.

Profit growth may decelerate after coming from a high base in 2012, he said. Growth in net income has been slowing, rising 35 percent in 2010 and 31 percent in 2011.

The builder, based in Manila, has diversified its residential portfolio into five brands selling homes from P400,000 to P35 million. Its housing business accounts for almost half of earnings.

“From a total fundamental standpoint, we see this market will continue to be robust,” Aquino said, citing the shortage of homes across the country.

For more details on Ayala Land residential projects, you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

Ayala to spend P135b this year

Manila Standard Today (March 2013) - Conglomerate Ayala Corp. said Monday it will spend P135 billion in various projects this year, after net income in 2012 rose 12 percent to P10.6 billion.

Ayala said in a statement it would use the amount to fund investment programs in property, telecommunications and water businesses, as well as in the power and transport infrastructure sectors.
The conglomerate spent a record P150 billion in 2012 to finance new investments and fund the purchase of the 10.4-percent stake of DBS Bank Ltd. in the Bank of the Philippine Islands as well as acquisitions of various power assets.

“We are encouraged by the robust performance of our core businesses and improved profitability of our international businesses. This validates the programs and strategies we have implemented across the group over the past two years,” Ayala president and chief operating officer Fernando Zobel de Ayala said.

Ayala, the holding company of the Zobel de Ayala family, has stakes in Ayala Land Inc., Globe Telecom Inc., Manila Water Co. Inc., Bank of the Philippine Islands, Integrated Micro-Electronics Inc., Honda Cars Makati Inc., Isuzu Automotive Dealerships Inc. and AC Energy Holdings Inc.

“The strong and sustainable earnings trajectory and steady cash flows from our core businesses have enabled us to scale up our investments in the new businesses we are pursuing in the power and transport infrastructure spaces. We envision these two emerging sectors to serve as platforms for future growth,” he added.

The conglomerate said the 2012 net income was led by the strong performance of its core real estate, banking and water businesses.

Consolidated revenues increased 16 percent to P125 billion.

Ayala ended the year with gross debt of P70 billion and cash of P37 billion.
The conglomerate raised debt and equity capital to bankroll its new projects last year, including the issuance of P10-billion 15-year fixed-rate bonds and another P10-billion seven-year fixed-rate bonds.

It also sold common shares held in treasury, raising P6.45 billion from the placement.

Ayala Land saw its net income rise 27 percent to P9 billion while BPI also posted a 27-percent growth in profit to P16.3 billion.

Globe Telecom’s core net income improved 2 percent to P10.3 billion while Manila Water increased its profit by 28 percent to P5.4 billion.

Ayala Corp ends 2012 with over P10-B profit, up 12%

RAPPLER - - Ayala Corp., the country's oldest conglomerate, registered a 12% increase in its 2012 consolidated net income to P10.6 billion, thanks to growth in its real estate, banking and water operations. Excluding extraordinary gains and charges, Ayala's core net income jumped 32% to P11.6 billion in 2012.

Here is a breakdown of the performance of Ayala's subsidiaries:

Ayala Land Inc. posted a 27% net income increase to P9 billion on the back of margin gains and revenue growth of business segments. The real estate company reported a 23% increase in total revenues to P54.5 billion. Growth mainly came from its residential, commercial leasing and property management businesses.

Bank of the Philippine Islands registered a 27% jump in its 2012 net income to P16.3 billion. The improvement was due to a 6% hike in net interest income and a 25.4% increase in non-interest income.

Globe Telecom Inc. posted a net income of P10.3 billion, up 2% from P10.094 billion in 2011. The telco provider's service revenues grew 6% to a record-high of P82.7 billion. The company also reported an increase in its subscriber base and improvements in key product segments.

Manila Water Co. Inc. posted a net income increase of 28% to P5.4 billion in 2012. The company registered a 21% rise in revenues due to higher billed volume in the east zone of Metro Manila and expansion areas.

Ayala's other units, electronics company Integrated Microelectronics Inc. (IMI) and BPO firm LiveIt, also posted strong numbers in spite of the volatility of the global economy.

IMI's net income grew 64% to $5.4 million. IMI's strong performance was due to its automotive segment. LiveIt, on the other hand, reduced it net loss due to amortization of intagibles and interest expense. The company had consolidated revenues of P125 billion during the year, up 16% from 2011.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

Ayala Land raises P12.2-B from share sale

FUND RAISING. Ayala Land is raising funds for multi-billion projects like this Makati Circuit development. Photo courtesy of Ayala Land

RAPPLER - The country's biggest property developer, Ayala Land, has raised P12.2 billion from a share placement at the Philippine Stock Exchange that was met with strong demand despite a discount.

In a disclosure on Thursday, March 7, Ayala Land said it increased its offer size to 399.5 million shares from the original 320 million and sold these at a discounted price of P30.50 per share.

The day before, March 6, Ayala Land's share closed at P32.85. The placement was 3-times oversubscribed.

The funds will be used for Ayala Land's various multi-billion and multi-year projects.

"The company will use the proceeds of the share placement primarily to fund its next phase of development, enabling it to sustain its high growth trajectory. The company has identified significant land banking opportunities amounting to approximately P20 billion and has earmarked P46 billion for project completion as part of its P66 billion capital expenditure program for 2013," it said in a a statement.

Among its projects in the pipeline are development projects in Fort Bonifacio in Taguig, the P20-billion Makati Circuit in the former Sta. Ana racetrack, the P65-B plans for Quezon City business district, and the Food Terminal Inc (FTI) property it won from a government auction.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

Ayala launches plan to develop FTI asset

MANILA STANDARD TODAY - Ayala Land Inc. said it will launch this year a masterplan for the development of the 74- hectare Food Terminal Inc., which the developer renamed as Arca South.
Ayala Land president Antonino Aquino said in an interview Arca South would be another mixed-use development containing residential, office and commercial projects.

Aquino said initial plans for the property involved the development of a first residential tower under the Avelo Land Inc., a residential brand that caters to high to mid-market customers.

The property will also contain an intermodal transport hub for buses and public vehicles going to Southern Luzon.

Ayala Land chief finance officer Jaime Ysmael said the company also started selling lots within the Arca South.

The company sold 17 lots covering 6.2 hectares. The lot sizes range from 2,000 to 3,000 square meters.
"These lots were sold to investors to be developed into offices, schools, hotels and residential, [as well as] retail [establishments] to enable the company to generate liquidity and accelerate the development of the property," Ysmael said.

Ysmael also said that the company would continue to acquire properties for future development.

Last year, Ayala Land won the bidding for the 74-hectare FTI, one of the last remaining  large parcels of land in Metro Manila, with a bid price of P23 billion.

Ysmael said of the company's P65.5-billion capital expenditures in 2013, P20 billion was earmarked for land acquisition.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

From racetrack to entertainment center: Ali unveils P20-B project

Philippine Star - Property giant Ayala Land Inc. (ALI), which first made its name by building the Makati central business district (CBD), is spending P20 billion for an entertainment center in the country’s financial capital.

The 21-hectare Circuit Makati, formerly the Sta. Ana racetrack, will complete ALI’s mixed-use offerings in Makati amid the development of new business districts, the company’s top official said.

“We will be able to provide a very critical element that will be completing the story of Makati,” ALI president Antonino T. Aquino said in a briefing.

“Circuit is ALI’s 21-hectare integrated, mixed-use development anchored on entertainment experiences that brings together ALI’s various product lines — Alveo for residential, Ayala Malls and offices, and Ayala Hotels,” Aquino said.

Circuit Makati forms part of ALI’s P60-billion investment for six districts under its redevelopment program to maintain the competitiveness of the Makati CBD.

“The Circuit will be the entertainment center of Makati,” Aquino said, adding that it will be a dynamic urban hub in five years’ time.

Components of Circuit Makati are residential towers, office space, a shopping mall, a performing arts theater, events ground with a football field, and a lifestyle hotel.

Aquino said the property giant will start most of the project’s components in the next two years.

By 2016, around 80-90 percent of the property will be utilized for permanent or interim use that includes parking lots and pop-up food trucks, said Meann Dy, group head for ALI’s Strategic Landbank Management Group.

Specifically, the Circuit theater will have a capacity of 1,500 seats while the 600-meter Circuit Lane is an interactive walk with retail shops and restaurants.

Aquino said ALI will be introducing the “black box” concept that will be a venue for exhibits, music recitals, comedy shows, cocktail parties, product launches and workshops.

Circuit Makati will also have a two-hectare events ground for outdoor activities like football and skating.
ALI is already in talks with an international football club to put up a football school in the events ground, Aquino said.

For the commercial segment, ALI will build a mall with 45,000 square meters (sqm.) of gross leasing area (GLA) and an office space with 30,000 sqm. of GLA.

ALI will spend P1.5-2 billion for a 250-room lifestyle hotel that will carry the Seda brand.

ALI will also launch an Alveo residential tower next month, said Alveo Land president Robert Lao.

“The investment per tower is P2.5 billion,” Lao said, adding that the first condominium building will have 400-450 units in 40 storys.

The development of Circuit Makati will be spread out to 15-20 years, Aquino said.

For instance, there is a plan to have a total GLA of 100,000 sqm. for office space that will cater to the outsourcing sector, said Cora Dizon, head of ALI’s Commercial Business Development and Strategic Planning Group.

For the residential segment, ALI is looking at launching one tower per year to reach 8-10 towers in the next 10 years, Lao said.

While other conglomerates like JG Summit Holdings Inc. and SM Investment Corp. have joined the fray in the gaming segment particularly for casinos, ALI is focusing in its core business.

“There is no plan of gaming in this area. It will be more of family entertainment concepts,” Aquino said.
“On our side, we can sustain the high growth trajectory with the type of business we are currently in right now,” Aquino said.

In the nine months to September, ALI’s earnings reached P6.62 billion, up 27 percent from P5.23 billion a year ago on the back of the strong performance in all its business lines.

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.ph.

ALI unit to build 4,000 hotel rooms in 2 yrs

The hotels and resorts arm of property giant Ayala Land Inc. (ALI) plans to grow its portfolio to as much as 4,000 rooms nationwide in the next two years.

This will allow Ayala Land Hotels and Resorts Corp. to be a substantial contributor to the income of ALI, an executive said.

“We target 3,000 rooms within two years. We will be at that level of 3,000 to 4,000 rooms under planning or open already,” said Ayala Land Hotels and Resorts president Junie H. Jalandoni.

So far, the tourism and hospitality company has launched five hotels under the company-owned Seda brand.

The Seda urban lifestyle hotel in Bonifacio Global City in Taguig has 179 rooms while the 170-room hotel in Abreeza, Davao and another one in Nuvali, Laguna are scheduled to begin commercial operations in the first and fourth quarters this year, respectively.

The Seda Centrio Cagayan de Oro, on the other hand, will offer late this year 150 rooms located within the Centrio ALI mixed-use development that includes offices and retail.

Late last week, the tourism and hospitality company announced that it will spend P1.5 billion to P2 billion for a 250-room Seda lifestyle hotel in Circuit Makati entertainment complex.

Benchmark investment for each hotel is P1.5 billion to P2 billion, Jalandoni said.

“We need that in the Philippines if we are trying to grow the tourism business,” Jalandoni said.

The government, through the Department of Tourism, targets 10 million foreign tourists by 2016.

“The government is very helpful right now. They are promoting tourism,” Jalandoni said.

So far, the hotel portfolio of Ayala Land Hotels and Resorts include Intercontinental Manila, Cebu Marriott, El Nido Resorts, Raffles and Fairmont Makati and Seda Hotels.

The company will also introduce the Holiday Inns and Suites brand, Jalandoni said.

Ayala Land Hotels and Resorts wants a larger income contribution to ALI, which is also into shopping malls, office rental, residential development.

“We hope to contribute meaningfully to the whole portfolio,” Jalandoni said.

In the nine months to September, ALI’s earnings reached P6.62 billion, up 27 percent from P5.23 billion a year ago on the back of the strong performance in all its business lines.

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.ph.

Ayala Land growing resort portfolio

Businessworld (January 13, 2013) – A UNIT of Ayala Land, Inc. plans develop more resorts as part of a target to offer as many as 4,000 rooms in two years, a top company official said late last week.

“We have other resort developments being planned and, at some point within this year, we will disclose more details on these,” Jose Emmanuel H. Jalandoni, president of AyalaLand Hotels and Resorts Corp., said in an interview last Friday on the sidelines of a briefing at Raffles Makati when asked about the unit’s expansion plans this year.

When asked for the locations of the planned new resorts, Mr. Jalandoni replied: “They will be all over: Mindanao, Luzon, Visayas.”

“We continue to grow this business because we believe in the tourism potential of the country,” Mr. Jalandoni said.

“The government is pushing tourism, but at the same time we find there is a need for more products to be out in the market.”

Ayala Land is a property company that is involved largely in residential and commercial developments. But it has also ventured into hotels and leisure-type projects via AyalaLand Hotels and Resorts.

So far, the Ayala Land unit has developed El Nido Resorts, an island resort complex in El Nido, Palawan, consisting of the Lagen, Milinoc, Apulit and Pangulasian Island Resorts.

“We have just opened Pangulasian. We soft-opened in last quarter of 2012,” Mr. Jalandoni said.

“It’s doing quite well, and we’re very happy with the development and the guests are very happy too.”

In November last year, Ayala Land President Antonino T. Aquino told reporters that Ayala Land is keen on acquiring as much as 1,000 square meters of beach and island properties in the Visayas in the next few years in order to expand the company’s growing tourism and leisure development portfolio, but he did not cite details.

Ayala Land also plans to open more hotels this year. “After CdO (Cagayan de Oro City), we’ll open Seda Davao in February, and then after that, Holiday Inn will open this March,” Mr. Jalandoni said.

Seda, formerly Kukun, is Ayala Land’s wholly owned boutique hotel brand. After launching Seda Bonifacio Global City last month, AyalaLand Hotels and Resorts said it planned to open Seda hotels in CdO, Davao, and Laguna from the end of 2012 to next year.

The 349-room Holiday Inn and Suites Makati in Ayala Center, meanwhile, is part of Ayala Land’s ongoing five-year redevelopment of Ayala Center in a bid to transform the five-hectare district into an integrated, mixed-use complex.

Ayala Land now targets to end 2015 with as many as 4,000 rooms in order to cash in on the country’s tourism potentials.

“We’re aiming for 3,000 to 4,000 units (rooms) in the next two years.

This is for both hotels and resorts. Some of this we’re still planning, and we haven’t announced all,” Mr. Jalandoni told reporters separately last Friday.

“Our biggest challenge is access to properties and infrastructure, but it’s good that the government is very supportive in these areas,” Mr. Jalandoni added. “We’re bullish because of the economy, and the government is very helpful right now in promoting tourism…”


Ayala Land shares lost 75 centavos to P25.85 apiece on Friday last week.

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.ph.