ALI allots P8B for Cebu project

By Richmond Mercurio

MANILA, Philippines – Property powerhouse Ayala Land Inc. (ALI) is returning to the Cebu property market with an P8 billion investment for a new mixed-used development.

ALI said it recently broke ground for Central Bloc, a 2.2-hectare development at the center of Cebu IT Park which will be composed of office, retail and hotel components.

ALI president and chief executive officer Bobby Dy said Central Bloc’s start of construction is a landmark event in ALI’s history as Cebu City was the first area outside of Metro Manila where the company started developing mixed-use projects.

READ MORE:
http://www.philstar.com/business/2015/03/26/1437477/ali-allots-p8b-cebu-project

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