Ayala Land Inc. plans township development for new Tarlac property
Ayala Land earns certification for gender equality: Ayala Land Inc. is one of the first Philippine companies and the first real estate company in the world to receive the EDGE Assess Certification in recognition of gender equality in its workplace. EDGE, or Economic Dividends for Gender Equality, is the leading global assessment methodology and business certification standard for gender equity. In photo (from left) are Ayala Land human resources and public affairs group head Elis Tanlapco, Ayala Land president and CEO Bobby Dy and Australian Ambassador Amanda Gorely.
MANILA, Philippines — Ayala Land Inc. (ALI) plans to develop the 290-hectare property it will acquire from Central Azucarera de Tarlac (CAT) into another large-scale township development.
“We still have to master plan it but given the size, it would be a mixed-use development,” ALI president and CEO Bernard Vincent Dy told The STAR.
The latest acquisition, although still subject to closing conditions, will add to ALI’s growing portfolio outside Metro Manila, as the property giant continues to expand toward the greater Luzon area and in the Visayas and Mindanao regions.
The Philippine Competition Commission (PCC), the government’s anti-trust body, has already approved ALI’s acquisition of Central Azucarera’s 290 hectares of land located in Bgy. Central, San Miguel, Tarlac City, Tarlac.
In approving the transaction, the PCC said ‘the parties are not operating in the same geographic market.”
ALI is engaged in the planning and development of large-scale, integrated estates which comprise residential and office buildings, commercial and industrial lots, and hotels and resorts.
It is also engaged in property management, construction, and other businesses like retail and healthcare.
Last year, ALI launched three new sustainable mixed-use estates in Luzon, Visayas and Mindanao with a total area of 275 hectares. These are Evo City in Kawit, Cavite; Azuela Cove in Lanang, Davao; and Seagrove in Mactan, Cebu.
Early this year, the company also launched Parklinks along the C5 corridor. It is a mixed-use estate in partnership with the LT Group.
All these new projects bring ALI’s estate portfolio to 25, reinforcing the company’s capability to create progressive communities.
The property giant posted a net income of P25.3 billion last year, up 21 percent.
CAT, meanwhile, is primarily engaged in the manufacturing of sugar and all its by-products. Its facilities include the sugar milling and refinery, distillery and carbon dioxide plants located in Tarlac.
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