MANILA, Philippines - Ayala Land, Inc. (ALI), the real estate arm of the Ayala Group, was recently named Builder of the Year by Frost & Sullivan at its annual Philippines Excellence Awards which recognize companies demonstrating best practices across various industries in the country.
ALI was presented the award for its highly diversified portfolio, coupled with full vertical integration in the development of its projects. This has allowed the group to greatly increase its flexibility and to cater to a wider market, while reducing dependencies on external sources.
Already exhibiting a consistently high growth rate and rapid expansion even overseas, the company was also cited for its strategic land acquisitions that have ensured a steady pipeline for future projects.
“We are honored to receive this recognition for our efforts in property development,” said ALI president and CEO Bobby Dy. “Our business is anchored on sustainable growth and we always set our sights beyond the present, consciously preparing for the long term, to ensure that we are able to provide quality developments to future generations.”
Frost & Sullivan further commended ALI for the overall excellence and high quality of its products and services, while maintaining a positive social and economic impact on local and national communities. ALI was also successful in incorporating “green technology” and features in all its projects.
“Sustainability is an integral part of our philosophy and we strive to build communities that utilize environmentally sensitive products and designs,” he added.
The 2014 Philippines Excellence Awards recipients were identified based on in-depth interviews, analysis, and extensive secondary research conducted by Frost & Sullivan’s analysts. Companies are typically studied on their revenue growth, market share in a specific category and growth in market share, leadership in new product introduction and innovation, breadth of products and solutions, major customer acquisitions, as well as business and market strategy in order to identify best practices.
Ayala Land is the leading full line property developer in the Philippines operating prime residential, commercial and leisure spaces throughout the country.
The company had announced plans to launch 78 new projects in 2014 with an estimated value of P142 billion. ALI is setting aside P70 billion for capital expenditures this year, mainly for the completion of ongoing projects and for new launches.