ALI strengthens presence in Visayas, Mindanao

MANILA, Philippines - Ayala Land Inc. (ALI), the property development arm of Ayala Corp., is strengthening its regional presence in Visayas and Mindanao with the development of new estates in partnership with the Gaisano and Alcantara groups.

ALI Visayas-Mindanao COO and Cebu Holdings Inc. president Aniceto Bisnar Jr. said the company is committed to contribute to the transformation and progress of the country through its projects in the Visayas and Mindanao.

“For economic growth to be truly felt by more people, real estate developments should expand beyond Metro Manila,” Bisnar said.

As such, ALI is now preparing to launch a new estate in Lanang, Davao City. 

To be called Azuela Cove, the estate is a 25-hectare prime waterside property owned by Aviana Development Corp., a joint venture company of Ayala Land and the Alcantara Group.

The company is pouring an initial investment of P8 billion, which is part of a P20 billion investment over the next eight years or so in Azuela Cove, said Rico Manuel, ALI Visayas-Mindanao Area head for Mindanao.

Its first phase will include a high-end residential development by Ayala Land Premier, a state-of-the-art St. Luke’s Hospital, a retail center, an events tent with a capacity of 2,000 people and interim sports facilities to prime the area.

The integrated development is expected to draw additional investments and generate about 13,000 jobs within the next eight-10 years.

In Visayas, ALI has projects at Capitol Central and North Point in Negros Occidental, as well as Atria Park District in Iloilo.

The Enclaves by Ayala Land Premier likewise launched a new phase at North Point in February of this year, while North Point Yard, an eclectic mix of retail concepts, is set to open in the latter part of 2017.

The company is also scheduled to open within the year a 154-room Seda at Capitol Central in the heart of Bacolod City. 

Apart from this, ALI is building a shopping center, a BPO building and a residential condominium in the area.

“Of Ayala Land’s 22 estates, 13 are now situated outside of Metro Manila, eight of which are located in Visayas and Mindanao, and we plan to launch three more estates soon,” Bisnar said.