Ayala Land firms up plans for Makati’s leisure hub

MANILA, Philippines – Property giant Ayala Land Inc. will be spending billions in pesos for the facelift of Ayala Center, which serves as the retail and leisure center of Makati, the Philippines’ premier business district. 

Besides spending P7.2 billion for Glorietta 1 and 2 redevelopment, Ayala Land will also put up a four-star businessman’s hotel, a company executive said. 

Redevelopment will begin with the demolition and excavation of the current location of Glorietta 1 and 2, Maria Victoria Anonuevo, group head for both Ayala Land Businesscapes and Ayala Malls, said. 

Proposed plans for the locations include office building development and the construction of 350-room four-star businessman’s hotel on top of the mall.

 

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