Park Cascades at Arca South

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Only 16 units left at Park Cascades – Arca South

Coco Midel

M: +63 917 502 9252

Real Estate Broker License 0005279

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Parklinks North Tower Price Increase

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Parklinks North Tower (PNT) scheduled for a price increase on March 20.

Congrats to those who have units here.

Those interested to get one before the price increase, contact me.

Coco Midel

Real Estate Broker Licence 0005279

M: +63 917 502 9252

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ALI transfers P22.5B worth of assets to AREIT

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Ayala Land Inc. plans to transfer P22.5 billion worth of malls and offices into AREIT Inc. This will be the largest ever asset injection since the REIT company went public three years ago.

The deal includes Ayala Land’s “crown jewel” shopping malls such as Glorietta 1 and 2 and BPO buildings in Ayala Center, One Ayala Avenue East and West BPO Towers, and MarQuee mall in Angeles, Pampanga. These assets have a combined gross leasable area of 190,000 sqm.

The transaction will be a property-for-share swap, with Ayala Land infusing assets in exchange for 607.56 million primary common shares of AREIT.

The deal is expected to be completed within 2023, pending ratification by shareholders during AREIT’s annual stockholders’ meeting on April 26.

AREIT’s leasable assets are set to triple in value to P87 billion and leasable space to 863,000 sqm. Net income in 2022 rose 20.8 percent to P2.9 billion. Revenues expanded by 53 percent to P5.1 billion. Board of directors approved cash dividends of P0.52 per share for the fourth quarter of 2022, to be paid on March 24, 2023.

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Took a trip to Arca South.

Here are the photos:

If you are interested to invest here, let me know.


M: +63 917 502 9252


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East meets West

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East Gallery Place and West Gallery Place are looking fantastic here at 9th BGC.

The project is sold out. Contact me if you want to know what is available in the secondary market.

Coco Midel REBL 0005279 / M: +63 917 502 9252

MerryMart to Open Two Eco-Friendly Supermarkets in Ayala Land’s Nuvali and Cresendo Estates

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MerryMart, one of the fastest growing retail store chains in the Philippines, is set to open two eco-friendly supermarkets in Ayala Land’s Nuvali in Laguna and Cresendo in Tarlac.

The stores will feature solar panels, LED lighting fixtures, bicycle slots, and electric car charging provisions.

MerryMart and Ayala Land signed a 15-year lease agreement for the standalone branches, which will offer retail and wholesale online delivery channels.

This expansion will bring MerryMart closer to its goal of having 1,200 branches by 2030 and becoming one of the country’s largest household essential retail store chains.

Landers Superstore expands to three new locations in partnership with AyalaLand Estates

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Landers Superstore is opening new branches in the Nuvali estate in Sta. Rosa, Laguna, Arca South in Taguig City, and Vermosa in Cavite, in agreement with AyalaLand Estates.

The chairman of Southeast Asia Retail, Inc. said that these locations would allow the superstore to cater to the needs of the growing communities in these areas.

Landers Superstore aims to provide top local and international finds, perks, and exclusive services to members, delivering a convenient shopping experience.

The expansion also signals Landers’ confidence in AyalaLand Estates, a preferred partner due to its mixed-use communities that promote a symbiotic relationship among stakeholders.

Landers is already on the lookout for more opportunities, with Ayala Land remaining a possible partner. The expansion, set to open in the first half of the year, offers Landers the chance to provide for the growing needs of these communities.

Ayala Land pumps P2B into venture with Lucio Tan

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Property giant Ayala Land Inc. is hiking investments in its Metro Manila real estate joint venture with taipan Lucio Tan’s Eton Properties Philippines Inc. by nearly P2 billion.

In a stock exchange filing, Ayala Land said it would spend another P1.98 billion to buy property in the 35-hectare Parklinks project, being developed by the 50-50 venture ALI Eton Property Development Corp.

A former industrial estate along C-5 road spanning Pasig and Quezon City, Parklinks is envisioned to be Metro Manila’s newest and greenest central business district.

Ayala Land’s investment, to be deployed until the fourth quarter of 2022, was detailed in its reinvestment plan after it raised P3.47 billion via a property for share swap with its real estate investment trust arm, AREIT Inc.

The developer will also spend for land acquisitions in Laguna Technopark Inc. (P750 million), Quezon City (P290.46 million), Cavite (P118.36 million) and Bulacan (125.17 million).

Ayala Land will also spend P110.3 million for a 43-story office in One Vertis Plaza and P70.12 million to build homes in the 49.3-hectare Andacillo project in Laguna.

Positive outlook

Part of the conglomerate Ayala Corp., Ayala Land entered the year with more bullish prospects in mind as it upped its capital spending commitment to P88 billion or nearly 40 percent higher than the previous year’s P64 billion.

About 49 percent of the spending would be allotted for residential projects. Ayala Land will spend the remainder on estate development, land acquisition with a smaller share going to malls, hotels, resorts and offices.

Meanwhile, it was planning to roll out about P100 billion worth of residential projects this year.

Ayala Land closed 2021 with a 40-percent profit jump to P12.2 billion. Revenues during the period rose 10 percent to P106.1 billion compared to the previous year. INQ


ALI optimistic its business will improve this year

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Real estate giant Ayala Land Inc. is now ready to open new malls and pursue the construction of new ones as it becomes more optimistic that consumers are going out again as the economy reopens.

ALI Chairman Fernando Zobel de Ayala during the firm’s annual stockholders’ meeting noted that declining Covid cases, the ongoing vaccination booster rollout and improving indicators support recovery prospects.

“Mortgage rates have remained affordable, supported by flexible payment terms. Local consumption continues to be strong comprising close to 70 percent of the GDP,” he added.

“Also Overseas Filipino remittances and BPO revenues continue to be important than versus the economy. All these prospects provide us with optimism for the future,” Zobel said.

ALI President Bernard Vincent Dy said “I believe that all our major businesses will remain relevant post pandemic. Some will even benefit from the changes in consumer preferences.”

“While a few businesses will require a higher level of reinvention with changes that we need to implement quickly. New opportunities have also been crystallized, which we will pursue aggressively,” he added.

Dy said that, “With reduced Covid cases, high vaccination rates, and improved mobility, I am optimistic that our country is on course for resurgence and we are positioned to accelerate our V-shaped recovery.”

“Local consumption remains strong in our nation’s favorable demographics, a growing middle class, and a young working class will support growth over the medium to long term,” he noted.

Given the improving situation, Dy said ALI is now planning to open new commercial facilities with the first being the retail space at the Ayala Triangle Gardens as well as the 11,000 square meters in the phase one of Vermosa mall in Cavite.

“We have close to about 300,000 square meters of mall space under construction and we expect to open these facilities from now until 2026,” he said.

Dy said that, as of April, foot traffic in all of ALI’s malls have risen by an average of 70 percent while merchant same store sales are up 80 percent.

“So we believe that the malls business is on its way to recovery and barring any more lockdowns or surges or strict, strict mobility restrictions, we believe and we hope that the business will continue to move and hopefully reach near pre pandemic levels by the person by by Christmas season,” he said.

Meanwhile, ALI is seeing strong demand for its hotel rooms, primarily from domestic business travel, as well as domestic leisure travel.

In March, Ayala Land recorded around 45 percent occupancy in all its hotel rooms since the alert level one category for people’s restriction was imposed.

“In April, we’re seeing that continuing trend of increasing occupancy. We’re also seeing an increase in the room rates that we’re able to charge for hotels and resorts,” said Dy.

He added that, “Moving forward again, we’re very hopeful that that trend will will continue again barring any kind of lockdowns or mobility restrictions for travel restrictions. And we’re hopeful that the business will put up particularly as foreign business travel and foreign leisure travel, come back in more meaningful way in our country.”

In the office segment of its business, ALI has not seen “any kind of meaningful contraction or departure” from any of its four major tenants for business process outsourcing (BPO) firms and traditional corporates locators.

Dy said Ayala Land continues to see BPO expansions in its sites, as well as traditional space occupiers moving to newer buildings like Ayala Triangle Tower two as well as One Ayala.

“So moving forward for the year, we expected that vacancy rates will be meaningfully reduced, and therefore, our revenues for the office segment should increase in 2022 as compared to 2021,” he said.


Ayala eyes P15 billion from bond offer

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MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, is returning to  the bond market to raise up to P15 billion in fixed-rate bonds.

In a disclosure yesterday, Ayala said it has filed with the Securities and Exchange Commission (SEC) a registration statement for the issuance of  P10 billion in bonds, with an oversubscription option of five billion.

The bonds – due 2025, 2027 and 2029 –   will form the second tranche of a P30-billion shelf-registration program with the SEC.

The bonds obtained the highest issue credit rating of PRS Aaa from local debt watcher Philippine Rating Services Corp.

Obligations rated as PRS Aaa are of the highest quality with minimal credit risk.

A PRS Aaa rating likewise signifies that Ayala’s capacity to meet its financial commitment  is extremely strong, PhilRatings said.

Proceeds from the bond issue will  be used for general funding requirements as Ayala realigns its portfolio and focuses on core businesses such as banking, telecommunications, property and renewable energy.

The Ayala Group is setting aside P285 billion for its capital expenditures and investments this year, higher than the P228 billion in 2021.

Bulk of the spending plan will be for Ayala’s flagship units, property giant Ayala Land Inc., telco arm Globe Telecom Inc. and its renewable energy player AC Energy (ACEN).

Last year, Ayala grew its net income by 62 percent to P27.8 billion, primarily driven by realized income from the execution of strategic initiatives, boosted by the improved performance of Ayala Land and BPI.


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