Ayala to build ‘Gangnam-style’ bus terminal?

Leave a comment

by Cathy Rose A. Garcia, ABS-CBNnews.com
Posted at 12/26/2012 3:16 PM | Updated as of 12/27/2012 8:43 AM

MANILA, Philippines – Ayala Land Inc. (ALI) is mulling the possibility of building an integrated transport system (ITS) terminal in Quezon City to be patterned after the Seoul Express Bus Terminal in Gangnam district.

Transportation Secretary Joseph Emilio Abaya on Wednesday said Ayala is likely to submit an unsolicited proposal for the ITS project to be built in near the Trinoma mall in North Triangle, Quezon City.

“Yung sa Ayala, it’s because they are already in the Trinoma area. Most likely they might submit an unsolicited proposal for this. That is allowed, not prohibited. But this will be subject to a Swiss challenge,” Abaya told ABS-CBNnews.com.

“They’re submitting soon, kasi matutuloy talaga ang project na yun,” he added, referring to the Department of Transportation and Communications (DOTC) ITS project.

A separate source said Ayala Land executives were with Metro Manila Development Authority (MMDA) officials who recently visited South Korea to look at the Seoul Express Bus Terminal’s operations.

The Seoul Express Bus Terminal, located in Gangnam, is the main bus terminal in the South Korean capital. Passengers can buy tickets with designated seat numbers, while the departure and arrival of buses are synchronized. The bus terminal is also linked to the Seoul subway.

The DOTC’s ITS project involves constructing three mass transportation terminals that will connect commuters from provinces to the MRT-3, LRT 1 and 2, buses, taxis and other public utility vehicles in Metro Manila. It is expected to help decongest traffic along EDSA and make it easier for commuters to travel to and from Metro Manila.

“The integrated transport system will be intermodal with 3 locations. One is at FTI – there you have SLEX (South Luzon Expressway) and PNR (Philippine National Railways). Then the Trinoma North Triangle area, you have MRT-3, LRT-1 and eventually MRT-7, and the buses coming from Mindanao Avenue, it falls in that area. The other one is at the Coastal mall, the reclamation area, Cavitex and at the same time LRT-1 will go through the station,” Abaya said.

The Transportation Secretary said there will be an open competitive bidding for each of the terminals.

“Hopefully we can bid it out first quarter or first semester. The construction period is a year and a half,” Abaya said.

Ayala Land is currently developing the first phase of Vertis North in the North Triangle property next to Trinoma Mall. The P65-billion, 29-hectarre Vertis North project will have 45 towers, composed of offices, retail space, a hotel, residential buildings and open spaces, to be developed over a 10-year period.


For those interested to know more about Ayala Land Premier villages and condo, feel free to contact me anytime.

Thank You!

Your Ayala Land Guide,

COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E: midel.jerico@ayalaland.com.ph

Integrated Transport System in QC

Leave a comment

Published on Dec 26, 2012

Ayala Land is studying plans to build an integrated transport system terminal in Quezon City to be patterned after the Seoul Express Bus Terminal in South Korea, according to Transportation Secretary Jun Abaya.

West Tower at One Serendra

Leave a comment

Construction update on West Tower @ One serendra. 🙂
Few units left, text me to know more. 🙂
– coco midel

20121229-004732.jpg

ANC interview with ALI President Tony Aquino

Leave a comment

Ayala Land still waiting for Ortigas family’s decision

ABS-CBNnews.com

Posted at 12/20/2012 1:30 PM | Updated as of 12/20/2012 1:30 PM

MANILA, Philippines – Will it be the Ayala group or SM group that will get the Ortigas property business?

Ayala Land Inc. (ALI) president Antonino Aquino said the property giant is still waiting for the two factions of the Ortigas family to make a decision.

In an interview with ANC on Thursday, Aquino said the matter is still in the “process of discussions.”

“As you know that is something that involves the two families. We would have to wait until after the families have come together,” he said.

There has been a stalemate for months after the Ortigas family split, with one faction siding with the Ayala group and the other with the SM group.

Last August, Ayala Land Inc’s board of directors approved a strategic alliance with the group led by Ignacio R. Ortigas. The deal will pave the way for Ayala’s entry into OCLP Holdings, the parent company of Ortigas & Co. Ltd.

Prior to the deal with ALI, the SM group had offered to buy Hong Kong Shanghai Banking Corp.’s  (HSBC) 34% stake in the Ortigas company for P11 billion

2013 prospects 

Meanwhile, Ayala Land is planning to boost its land acquisitions through 2013.

“We’re so much encouraged by the present economic situation that we have… I have never seen the stars so aligned, relative to practically all fronts. As a consequence, we intend to be able to bulk up further in terms of land acquisitions and then to make sure we will execute various products in each of these growth centers. We are in residential, office, retail and hotel segments and you are seeing us active in all segments,” Aquino said.

On Wednesday, Ayala Land’s Avida Land signed a deal with the Gatchalian family to develop 17 hectares of the Plastics City property in Valenzuela. Gatchalian’s Philippine Estates Corp. also signed a memorandum of agreement with Ayala’s low-cost unit Amaia Land to develop its property in Cavite.

Ayala Land starts work on P28-B Bonifacio block

Leave a comment

Posted on December 18, 2012 10:10:38 PM
Franz Jonathan G. de la Fuente
www.bworldonline.com

PROPERTY DEVELOPER Ayala Land, Inc., together with partners Evergreen Holdings, Inc. and Fort Bonifacio Development Corp., yesterday broke ground on One Bonifacio High Street, a 3.2-hectare premium mixed-use block in Bonifacio Global City whose segments will open from 2016 to 2018.

“We broke ground today and we are very happy about the developments that are happening among three specific components: retail, office, residential,” Antonino T. Aquino, Ayala Land president, told reporters at Mango Tree Bistro, Bonifacio High Street, Taguig City.

One Bonifacio High Street, located west of the existing Ayala Land-developed Bonifacio High Street commercial strip, is estimated to cost a total of about P28.2 billion.

Ayala Land officials in the same briefing bared details of structures that will rise on the site.

“We’ve finalized our plan for the new PSE (Philippine Stock Exchange) and that is now in the process of execution. The office component will see completion in mid-2016, while the retail [segment] will be done in the earlier part of 2016,” Mr. Aquino said.

PSE currently occupies Tower One PSE Plaza along Ayala Avenue in Makati City. The new PSE will be a 22-storey building with 29,000 square meters (sq. m.) of office space, 19,900 sq. m. of which will be used exclusively by the stock exchange, Carol T. Mills, Ayala Land senior division manager for Business Development and Strategic Planning, Commercial Business Group, said during the briefing.

“It will have a 100% glass facade, a double-height entrance lobby, and an amenity floor with conference rooms and business lounges for locators such as multinational corporations and financial firms,” Ms. Mills said, adding that the 24,000-sq.-m. retail segment will also open in 2016.

Also rising on the site is The Suites, a 63-storey, 298-unit condominium being built by Ayala Land’s upscale brand Ayala Land Premier. Turnover of The Suites — where units sell for P25 million each compared to a P12-14-million average in Makati City — is set for 2018, Jose Juan Z. Jugo, Ayala Land Premier head, said.

Ayala Land shares rose by 30 centavos to P25 apiece yesterday from P24.70 last Monday.


For those interested to know more about Ayala Land Premier villages and condo, feel free to contact me anytime.

Thank You!

Your Ayala Land Guide,

COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E: midel.jerico@ayalaland.com.ph

One Bonifacio High Street in Business World and the Manila Times (December 19, 2012)

Leave a comment

businessworld

manila times

 

 

For those interested to know more about Ayala Land Premier villages and condo, feel free to contact me anytime.

Thank You!

Your Ayala Land Guide,

COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E: midel.jerico@ayalaland.com.ph

One Bonifacio High Street in Malaya and the Philippines Daily Inquirer (December 19, 2012)

Leave a comment

image001

image003

 

 

For those interested to know more about Ayala Land Premier villages and condo, feel free to contact me anytime.

Thank You!

Your Ayala Land Guide,

COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E: midel.jerico@ayalaland.com.ph

Older Entries