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.