ALI to launch JAKA Tower

Leave a comment

ALI to relaunch JAKA Tower redev’t

By Richmond S. Mercurio (The Philippine Star) | Updated January 14, 2015 – 12:00am

SOURCE LINK:
http://www.philstar.com/business/2015/01/14/1412598/ali-relaunch-jaka-tower-redevt

MANILA, Philippines – Property giant Ayala Land Inc. (ALI) is planning to launch within the year its planned redevelopment of an uncompleted tower formerly owned by the family of Sen. Juan Ponce Enrile.

Once launched this year, the JAKA Tower would be fully completed after three or four years, ALI chief finance officer Jimmy Ysmael said.

ALI in September last year completed the acquisition of the property from the Enrile family.

“That’s been acquired, we’re already planning for its launch as an office tower for sale and that will provide us additional income sources on the office sector,” Ysmael said.

“There will be some adjustments in the plan, it is still very structurally sound but we probably not build to the height it was originally intended,” he added.

JAKA Tower, located along Ayala Avenue, was originally planned to have 49 floors when construction commenced in 1996. It has been eyed for completion by 1999 but construction was never completed.

Ysmael said ALI initially intends to sell and not lease the office units of the tower.

He said it would provide ALI more than 30,000 square meters of saleable office space upon its completion.

“We can still recover enough GFA (gross floor area) to make it viable in terms of a development standpoint. It will also effectively complete and make Ayala Aven much more attractive as it will benefit the other developments in the area,” Ysmael said.

The Courtyards NEWS

Leave a comment

Blockbuster enclave to rise south of Manila
SOURCE LINK:
http://manilastandardtoday.com/2015/01/16/blockbuster-enclave-to-rise-south-of-manila/

‘Build it and they will come’

Ayala Land Premier (ALP), the high-end residential wing of the property giant, is fast-tracking the development of The Courtyards, its latest suburban project in the Alabang-Cavite corridor.

The Courtyards is composed of 130 hectares of prime living space in Dasmariñas and Imus towns.

Excitement is building up for the development as residents have been promised by ALP officials that they can move in to their homes by 2016.

Signature quality

Jose Juan Jugo, head of Ayala Land Premier, said, “The project is the company’s latest blockbuster project that contains Ayala’s signature quality brand just like in its previous projects. The Courtyards is a manifestation of how Ayala develops the perfect suburban setting for the urbanite who is looking for an abode that can be either a second home or home,” he said in a recent press briefing held in Makati City.

So far, The Courtyards has sold over P3 billion five months after it was introduced in the market. This has boosted ALP’s status as the top developer in the areas since introducing Ayala Alabang in the early 1980s.

“We designed The Courtyards to be the ideal living space for ‘full nesters’—families with one or more children, or else couples that are planning to add more to their brood, as well as established families who wish to move into a more peaceful suburban setting,” said Jugo.

Privacy and tranquility

The Courtyards offers 431 lots ranging from 470 to 1,947 square meters.

Each lot is part of a cluster of six to eight lots enclaved in courtyards, essentially a cul-de-sac which allows for one-way traffic and has an island of greenery in the middle, ensuring privacy and tranquility for the residents.

Lots are classified according to whether they are fronting a courtyard, adjacent to a greenway—a linear park running parallel to the main road, or their proximity to the main amenity core.

These factors determine lot prices which start from P23,900 per square meter to P38,900.

The Courtyards is accessible through two main thoroughfares. From the west, Emilio Aguinaldo Highway leads to Daang Hari and Jose Abad Santos, and from the east, South Luzon Expressway (SLEX)-Alabang exit, leads to Daang Hari. Soon, by the second quarter of 2015, the Muntinlupa-Cavite Expressway from SLEX will be opened.

This SLEX exit shall connect SLEX and Daang Hari, offering a more convenient route to The Courtyards.

***
For inquiries about THE COURTYARDS:
For Ayala Land Premier inquiries:
COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E: coco.ayala@gmail.com

8 Ayala Malls to Open

Leave a comment

Ayala Land plans to open 8 new malls until 2016
By Coconuts Manila

SOURCE LINK:
http://manila.coconuts.co/2015/01/19/ayala-land-plans-open-8-new-malls-until-2016

Doesn’t the country have enough malls? Well, apparently not.

“Ayala Land Inc. (ALI) is expanding its mall network with 8 new malls that the firm is planning to open until 2016,” reports ABS-CBNnews.com.

On Mon, Jan 19, Suzette Naval, Ayala Land’s corporation communications manager, said, “On projected malls, ALI aims to open a total of 8 malls within 2015 to 2016. On total malls so far, we have 16.”

The report noted: “One of these malls will be located in Legazpi, Albay through a partnership with Bicol-based LCC group. The mall is expected to open within the year.”

ALI is the firm behind the Glorietta and Greenbelt malls in Makati, and the Trinoma mall in Quezon City. The firm also has malls in Alabang, Cebu, Davao, Cagayan de Oro, Subic, Bacolod and Pampanga.

***
For Ayala Land Premier inquiries:
COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E: coco.ayala@gmail.com

MORE TOWNSHIPS FOR 2015

Leave a comment

More townships, boost in local investments seen to dominate headlines this 2015

By Amor Maclang
SOURCE LINK:
http://www.businessmirror.com.ph/more-townships-boost-in-local-investments-seen-to-dominate-headlines-this-2015/

WE’RE already midway into the first month of 2015, and this early, property developers are expecting this year to open up more opportunities for businesses to flourish and development ideas to come to life from the blueprint to the ground.

I reached out to a couple of good friends from the real-estate sector to ask what they think would be some of the key property trends we can expect from industry players this year. Most of them were one in saying that integrated, master-planned communities—developments that offer a unique lifestyle and a unique set of culture that attracts like-minded individuals—will continue to sprout in various parts of the country, as more and more people look to save time and resources while balancing their lives at home, at work and at play.

“People will continue to patronize masterplanned, self-sustained developments,” Megaworld First Vice President Jericho Go said. “For one, traffic congestion is not improving, which means it’s not getting easier to travel from point A to point B wherever you are. Traveling around Metro Manila and other major cities has been eating up so much time, so people would prefer to live where they work and patronize nearby establishments.”

As we speak, Megaworld is focused on developing strategic areas of Bonifacio Global City—a key growth area where the company enjoys a status as the single largest land developer. Right now, Megaworld has four ongoing townships projects within BGC: Forbes Town Center, McKinley Hill, McKinley West and Uptown Bonifacio.

“Due to the continuous increase of globalization, cities are experiencing the impact of mass migration and rapid urbanization. With the increasing appreciation and demand for urban master-planning, leading developers now recognize the value of townships that offer complete communities—putting together live, work, play, learn and leisure components within walkable vicinities,” shared Noli Hernandez, Megaworld senior vice president for sales and marketing. “Townships, in effect, have changed people’s expectations for standards of living and heightened quality of life.”

Nurturing an investor’s mind-set

Meanwhile, Tom Mirasol, Ayala Land chief sales and marketing executive, also shared that the preferences of today’s homebuyers have become more inclined toward developments that offer greater living opportunities. “Consumers see the value in complete communities. Property in well-planned communities comes at a premium, but it’s well worth it given the benefits of a complete community.”

This kind of knowledge and behavior have paved the way toward homebuyers adopting an investor’s mind-set very early into their careers. “Nowadays, more Filipinos are steadily improving their income. Younger people have more disposable income and are more likely to delay marriage and parenthood to make way for more investments,” Brittany Corp. General Manager Trixie Dial shared. “As people start becoming financially mature—making a conscious effort to use their funds wisely—they adopt a more investment-inclined mindset, which is a very welcome development for industry players in the real-estate business.”

Growth outside of NCR and going “out of the box”

Another trend local developers are seeing today is the continued emergence of development hot spots outside of Metro Manila.

“Right now, we are seeing more developers focused on strengthening their respective geographical growths,” noted Iris Josef, vice president of the Business Development Group of Cebu Holdings Inc. (CHI).

“We expect more and more players to really reinforce their presence outside Metro Manila, especially as the market here increasingly becomes more crowded. This is growth toward provincial cities and even in the Asean region.”

Over the past few years Iris and her CHI team have focused on developing Cebu as the premier metropolitan hub of the southern Philippines. They have been responsible for the success of the Cebu Business Park, Ayala Land’s first geographic expansion project outside Luzon and the center of business and lifestyle in Cebu, as well as the Cebu IT Park, a mixed-used industrial business district, which is home to over 70 percent of Cebu’s business-process outsourcing players.

This renewed interest in industrial developments augurs very well for the Philippines, especially now that we are expected to gain so much from the effects of the Asean integration. “A lot of our Asian neighbors, like China, Vietnam and Thailand, are not becoming ‘cheap’ anymore,” said Go of Megaworld.

“A lot of foreign manufacturing firms would want to have places that are relatively more stable and have a more English-speaking labor force. And this is where the Philippines can really capitalize on attracting more investments and more employment opportunities for the local work force.”

Keeping an eye on risks

On the other hand, the debates, the confusion and the intrigues associated with the upcoming national elections is also one thing that makes developers very weary about the future. This, according to them, will be felt more prominently than ever this year.

“We are approaching the 2016 elections so there’s a huge risk of political bickering among those aiming for national office,” Go added. “The exposés against political figures make people so focused on what is happening in the political atmosphere, that things like public-private partnership projects might be neglected. Peace and order also poses a huge concern, as well as talks about an impending power crisis. If the country becomes more focused on things like these, then that’s a huge risk that may slow down growth for the property sector.”

Failure to capitalize on the opportunities produced by the Philippines’s current positive economic environment will mean a big loss of business interest for the property sector. “There has never been a better time to invest in real estate and contribute to the development of our nation than today,” Hernandez added.

All in all, it seems like the future looks very promising for the Philippines insofar as real-estate activity is concerned. As more players look to introduce a host of new brands and new concepts—with each becoming more aware of the risks they need to strategize and prepare for—this year is beginning to look like another exciting ride for the local property sector. Good times, indeed.

***

For Ayala Land Premier inquiries:
COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E1: coco.ayala@gmail.com

Integrated Transport System News

Leave a comment

Megawide group wins transport terminal project
By Miguel Camus
SOURCE LINK:
http://business.inquirer.net/185526/megawide-group-wins-transport-terminal-project

MANILA, Philippines—The government awarded on Friday its ninth public private partnership (PPP) project, the Integrated Transport System-Southwest project (ITS), to a consortium led by Megawide Construction Corp.

The Department of Transportation and Communications (DoTC) said late Friday the Megawide-led MWM Terminals’ offer won over sole rival bidder Filinvest Land for a 35-year contract to build and operate the ITS-Southwest Terminal, which will be located near the Manila Cavite Expressway.

During the bidding, MWM Terminals, which includes the Sy family’s Waltermart retail group, offered that government pay it an annual fee of P100 million as against Filinvest Land’s P650 million offer for the 35-year concession period.

MANILA, Philippines—The government awarded on Friday its ninth public private partnership (PPP) project, the Integrated Transport System-Southwest project (ITS), to a consortium led by Megawide Construction Corp.

The Department of Transportation and Communications (DoTC) said late Friday the Megawide-led MWM Terminals’ offer won over sole rival bidder Filinvest Land for a 35-year contract to build and operate the ITS-Southwest Terminal, which will be located near the Manila Cavite Expressway.

During the bidding, MWM Terminals, which includes the Sy family’s Waltermart retail group, offered that government pay it an annual fee of P100 million as against Filinvest Land’s P650 million offer for the 35-year concession period.

Read more: http://business.inquirer.net/185526/megawide-group-wins-transport-terminal-project#ixzz3PtBbAOIH
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

***

Ayala News

Leave a comment

More work on good governance, financial inclusion, infra sought
By Doris Dumlao
SOURCE LINK: http://business.inquirer.net/185503/more-work-on-good-governance-financial-inclusion-infra-sought

THE Philippines has made remarkable progress in the last few years, but it needs to do so much more in strengthening three pillars—good governance, financial inclusion and infrastructure investments—to sustain its growth story, Ayala Land Inc. chair Fernando Zobel de Ayala said.

Speaking before the Financial Executives Institute of the Philippines (Finex) recently, Zobel de Ayala said while the platform of anti-corruption and good governance had unleashed so much growth, led to so much confidence in business and brought access to so many products, much more would have to be done to support the country’s economic agenda.

“Our major indicators and economic drivers remain solid amid the global slowdown and the political and fundamental headwinds that beset some of our peers in the region,” Zobel de Ayala said.

The country’s improvement in competitiveness rankings is welcome news, but work still needs to be done in cutting bureaucracy and improving efficiency, specifically in key processes such as starting a business, registering property, getting credit and protecting investors, he said.

“Currently, starting a business in the Philippines entails a grueling 15 procedures spanning over 35 days. In contrast, Malaysia only requires three steps spanning six days,” Zobel de Ayala said.

Moving forward, he said, it is imperative that the current momentum of structural and governance reforms that the current administration has put in place be continued.

“The highest standards of governance must be maintained and reform measures must be continued in the next administration if we want to sustain our growth momentum,” he said.

“Beyond the country’s governance structure, it is likewise imperative that enterprises create and enforce stronger ethical standards in the governance of business. This will go a long way in building investor confidence which, as we all know, translates to tangible benefits such as lower cost of capital, better valuations and ultimately, sustained growth.”

While local publicly listed companies have made significant strides in corporate governance in recent years, he said, Southeast Asian peers have improved as well, thus putting corporate Philippines well behind Singapore, Malaysia and Thailand.

On financial inclusion, Zobel de Ayala said the country would not be able to achieve sustainability or become a truly progressive country unless it could pull a much larger segment of the country from poverty and ensure broader based development.

“It is unacceptable that over 70 percent of Filipinos do not have access to any form of saving or lending mechanisms. It is equally discouraging to note that 40 percent of municipalities in the Philippines do not have any physical access to a bank,” he said.

“It is worth noting that some innovative credit and microfinance solutions are gaining traction, leveraging technology to make basic banking transactions accessible to these segments of the population. But much more needs to be done so that a larger percentage of our population has access to basic financial products and services.”

Meanwhile, Zobel de Ayala said the Philippines can not expect to continue to grow at this pace without a massive increase in infrastructure expenditure, which would in turn entail collaborative efforts between the government and private sector.

***

For Ayala Land Premier inquiries:
COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E1: coco.ayala@gmail.com