Ayala-FLOW taps P10.8 billion loan from Landbank for data center campus

MANILA, Philippines — The joint venture between Ayala Land Inc. (ALI) subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure is tapping a P10.8-billion loan facility from state-run Land Bank of the Philippines to support the construction of its data center campus.

A-FLOW Properties I Corp. and Landbank signed an agreement for the first tranche of the 10-year loan amounting to P2.4 billion.

ALI said the loan facility would be used for the development of the initial phase of the first A-FLOW data center campus in Biñan, Laguna.

The six-megawatt information technology (IT) capacity Phase 1A of the three-building data center campus project is targeted to be ready for service by the end of the year.

“Ayala Land is proud to be participating in this new opportunity leveraging our land and our lucrative abilities to contribute to the country’s move towards a digital economy,” ALI president and CEO and ALLHC chairman Anna Ma. Margarita Dy said.

Dy said digital transformation, cloud computing and the rise of artificial intelligence are technologies that require robust and scalable data center solutions.

“Like any other infrastructure project, capital is key. So, we thank Landbank for the P10.8 billion loan facility to A-FLOW, a critical enabler for this project,” she said.

ALI said the loan facility agreement with Landbank underscores a mutual commitment to advancing the nation’s digital infrastructure and supporting the country’s transition towards a more digitally integrated economy.

“This agreement marks a significant step forward in our shared commitment to develop the largest carrier-neutral data center campus in the Philippines. We are excited to build an ecosystem to attract a combination of international hyperscale customers and local enterprise customers,” A-FLOW president Amandine Wang said.

As the first data center project financed by the bank, Landbank president and CEO Ma. Lynette Ortiz expects the project to yield significant economic benefits.

“Beyond our work with various government agencies, we recognize that partnering with key players like A-FLOW is essential for advancing national development. In this era of rapid digitalization, we are likewise ready to drive investments into the local data center market, alongside other sectors contributing to our nation’s technological progress,” Ortiz said.

Strategically located in Laguna, A-FLOW’s first data center is accommodating a total of 36-MW IT load capacity.