The Suites – BGC Construction Update

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The Suites Construction Update:

As of February 2018, structural works are ongoing at the 54th floor, while windows are being installed at the 28th floor.

M: +63.917.502.9252
REBL 5279 / HLURB 000327
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Key tags the suites bgc bonifacio global city the suites ayala land premier update construction

ALI’s carbon forests

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Ayala Land devotes 450 hectares for “carbon forests”. Estimated to store/absorb 68,000 metric tons of CO2.

Carbon forest sites:
Alaminos, Laguna (133 hectares)
Sicogon, Iloilo (148 hectares)
Lio, Palawan (50 hectares)
Kan-Irag, Cebu (63 hectares)
Talomo, Davao City (54 hectares)

-ALI working together with NGO and using cost-effective technique ANR (assisted natural regeneration)

-By 2022, ALI goal to offset estimated 490,000 metric tons of CO2, the estimated carbon footprint of fuel used in in its operations.

To read more, follow the link here:


ALI News

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Ayala Land posts strong FY17 earnings, up 21% to P25.3B

Ayala Land Inc. (ALI) generated a net income of P25.3 billion in 2017, a strong growth of 21 percent driven by its healthy topline and robust operations. Total revenues grew 14 percent to P142.3 billion, backed by substantial bookings and completion of its property development projects and expanding leasing business.

Supporting its healthy topline was the resurgence of property sales in 2017, recording higher growth of 13 percent to P122.0 billion, a big jump from the 3 percent growth in 2016. The fourth quarter of 2017 was also robust with a 17 percent growth in property sales as ALI accelerated its launches during the last quarter, ending 2017 with a total of P88.8 billion worth of residential and office condominium developments. This was complemented by the growing leasing revenues which increased by 10 percent to P31.0 billion as the new malls, offices, and hotels and resorts grow in contribution.

“We are pleased with our 2017 business results. All major product lines posted strong growth, with property sales coming in at the higher end of our estimates and leasing income increasing in line with our planned asset build up. Further, we continue to expand our estates and land bank around the country – putting us in a good position to continue to benefit from the strong performance of our economy,” said ALI President and CEO Bernard Vincent O. Dy.

2017 was also a landmark year as ALI completed the most number of projects which helped expand its leasing capability. The company opened five malls: Ayala Malls The 30th, Ayala Malls Vertis North, Ayala Malls Cloverleaf, Ayala Malls Marikina, and Ayala Malls Feliz, with a combined gross leasable area (GLA) of 189k sqm, bringing the company’s shopping center GLA to 1.8 million sqm. Revenues from the malls reached P17.7 billion, 10 percent higher than in 2016.

Also, Ayala Land completed six office buildings with a total GLA of 185 thousand sqm, strengthening its hold in the office market segment, bringing the company’s total office GLA to 1.02 million sqm in 2017. Revenues from office leasing amounted to P 6.7 billion, 12 percent higher than 2016.

The company’s hotels and resorts business added six new facilities in its roster, including Seda Vertis North with 438 rooms, the largest hotel under its own Filipino-branded hotel chain. Revenues from its tourism-focused business reached P6.6 billion, 12 percent higher from the same period last year.

As part of ALI’s innovative response to market needs, it introduced new leasing formats such as Clock-In and The Flats. Clock In offers serviced offices with fully equipped and furnished spaces for start-up ventures while The Flats offers dormitory-type lodging for office workers. Clock In operates branches at Makati Stock Exchange and BGC Technology Center and is scheduled to open additional branches in Makati, BGC, Vertis North and the 30th in Pasig this 2018. Meanwhile, The Flats is scheduled to open its first branch in Makati in 2018 with two more branches in BGC in the next two years and in Circuit Makati by 2021.

In 2017, ALI launched three new sustainable mixed-use estates set 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 launched Parklinks along the C5 corridor. All these new projects bring its estate portfolio to 25 estates, reinforcing ALI’s capability to create progressive communities and position as the largest and leading developer of estates in the Philippines. Strategically located in identified key growth centers across the country, ALI’s estates act as catalysts to progress with its proximity to major toll roads and transportation systems.

“As we expand our footprint in key geographical areas, we plan to reach more people and be part of nation-building by creating sustainable communities that are safe and connected, mindful of the environment, and serve as thriving economic districts,” said Mr. Dy.

In the area of sustainability, ALI has announced that it will dedicate 450 hectares as “carbon forests” for protection and regeneration in line with the company’s target to achieve carbon neutrality by 2022.

ALI spent P91.4 billion in capital expenditures in 2017 for its aggressive expansion and completion of new projects, with 48 percent of the budget allocated to residential developments, 29 percent to commercial leasing projects, and 23 percent for land acquisition and estates.

ALI ended 2017 with a Return on Equity of 16.1 percent.


PH-Japan Subway Infra News

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PH, Japan to sign first tranche of Metro Manila subway loan

MANILA – The Philippines expects to sign before the end of the month the first tranche of a loan agreement with Japan for Metro Manila’s first ever subway system, the Department of Finance said Wednesday.

The $929.1-million borrowing is awaiting approval from the central bank’s Monetary Board and special presidential authority, the DOF said in a statement

The P227-billion subway is among the highlights of President Rodrigo Duterte’s P8-trillion infrastructure program.

It will run from Mindanao Avenue in Quezon City through the FTI in Taguig City and end at the Ninoy Aquino International Airport in Paranaque City.

Also expected to be signed this month with Japan is the $89 million loan for the third phase of the Plaridel Bypass Road in Bulacan, the DOF said.

A $142 million loan for the flood management project in the Cavite industrial area, meanwhile is targeted for approval on the first week of February, the ministry said.

ALI + Lucio Tan Joint Venture

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Ayalas, Lucio Tan to build P53B green estate


Ayala Land Inc. and Eton Properties Philippines Inc. are forking out at least P53 billion to jointly develop a 35-hectare mixed-use estate along the C5 corridor spanning Pasig and Quezon City.

The investment will be made over the next 10 years for the initial development of ParkLink, which is envisioned to be the greenest urban estate in Metro Manila.

ParkLinks will introduce a new standard for waterfront living with ALI’s upscale brand Ayala Land Premier and midle-income housing unit Alveo set to introduce five residential towers each during its initial phase.

The residential and business hub will be anchored by a mall which will have a gross leasable area of 58,000 square meters. On top of the mall is a 3,500 sqm sports complex that will house a basketball court, volleyball court, badminton courts, fitness gym and dance studio to support and inspire an active lifestyle.

Meean Dy, SVP and Strategic Landbank Management Group head, of ALI, said 50 percent of the 35 hectares are devoted to open spaces.

A three-hectare central park, esplanade, river park terraces, running & bike trails and riparian gardens will also be constructed to encourage the community to engage and appreciate the river system surrounding the development.

ParkLinks shall also build a 110-meter long and 25-meter wide iconic bridge to link Quezon City and Pasig over the Marikina river. This will create a new route that will help ease vehicular traffic in the northeast and east of Metro Manila.


Taguig Integrated Terminal Exchange News

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Ayala Corporation and the Department of Transportation have broken ground on the new Taguig Integrated Terminal Exchange or ITX, which is expected to take some 4,000 buses off EDSA and C5.

Park Central Towers – North Availability

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Screen Shot 2017-11-18 at 7.12.34 PMScreen Shot 2017-11-18 at 7.12.47 PMScreen Shot 2017-11-18 at 7.12.57 PMScreen Shot 2017-11-18 at 7.13.07 PM


Park Central Towers (SOUTH) TURNOVER
*LTS 032473
Residences turnover in 2024
Beginning January 2024 – First Tranche (5th to 21st Floor)
Beginning March 2024 – Second Tranche (22nd to 37th Floor)
Beginning May 2024 – Third Tranche (38th to 54th Floor)
Beginning July 2024 – Fourth Tranche (55th to 64th Floor)

Park Central Towers (NORTH) TURNOVER
*TLTS ENCRFO NO. 17-09-019
Residences turnover in 2025

Project Location: Makati Avenue corner Paseo de Roxas, Makati City
Project Completion: March 2025
Project Developer: Ayala Hotels Inc

For more info:

M: +63.917.502.9252
REBL 5279 / HLURB 000327

key tags park central towers makati information sales ayala land ayala corporation philippines real estate condominium luxury hi-end ayala hotels park central towers south park central towers north info agent park central towers ayala land hi-end condo

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