West Gallery Place News

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Ayala Premier launch new luxury tower, sells one unit for P204M
by James Loyola
July 28, 2015 (updated)

SOURCE: http://www.mb.com.ph/ayala-premier-launch-new-luxury-tower-sells-one-unit-for-p204m/#x0HhSif0y47DLAHt.99

ALP said the new development provides its premium market a second opportunity to live in the coveted High Street South Block in BGC. The area is touted as BGC’s cultural district for its boutiques, restaurants, and creative office spaces.

“ALP is renowned for notable products such as the Roxas Triangle Towers in Cruzada St., Makati and The Suites in One Bonifacio High Street. We bring that same quality and distinction to these properties in High Street South,” said ALP managing director Jose Juan Jugo in a press briefing.

The new 49-storey luxury residence follows the success of its forerunner, which has sold P9.3 billion worth or 84 percent of its inventory to date, said ALP project development manager for residential buildings Paolo Ilusorio said.

West Gallery Place, which has units priced at an average of P234000 per square meter or P13 million to as much as P204 million, is expected to perform just as well. He said some 48 units have been sold in just the past month valued at P1.6 billion.

The tower features 420 units ranging in size from 52 sqm for a one-bedroom Classic to a spacious 701 sqm for a four-level Villa – a townhouse-like unit at the center of BGC with a pool at the ground level and a private elevator which was immediately sold for P204 million.

The Skyrise 49, a special unit on the topmost floor, is a super spacious 832 sqm unit with four-meter high ceilings in the living and dining areas, a pool and an expansive outdoor deck.

Aside from its prime location, West Gallery Place is surrounded by greenery on three sides. Gallery Park is on the South and East, and an unobstructed view of Terra 28th can be enjoyed from the West.

Gallery Park separates the two residential towers which are similar, but stand distinctly in design structure and innovative unit offerings.

West Gallery Place boasts of eight residential formats: Classic units in the South Wing, four-level and two-level Villas, the Skyrise, Skycove units, Park View units, Courtyard and 3BR Corner and the 2BR Flats.

Read more at http://www.mb.com.ph/ayala-premier-launch-new-luxury-tower-sells-one-unit-for-p204m/#x0HhSif0y47DLAHt.99

Unit 6H Garden Towers 1

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Unit 6H Garden Towers 1
2-Bedroom
137 sqm
With 1 Parking Slot
Price: P27,543,330 (inclusive of VAT, Parking, other charges)

Ayala Center, Makati
Philippines
License To Sell No. 28463

garden Towers

Garden Towers

PAYMENT OPTIONS

Option 1
Reservation – P200,000
10% Downpayment – P2.47M
10% spread over 30 months – P89,200/month
80% lumpsum on the 31st month – P21.39M
@ 0% interest

Option 2
Reservation – P200,000
20% downpayment + Full VAT – P7.44M
80% spread until Nov 2018 – P464,200/month
@ 0% interest

Option 3
Reservation – P200,000
20% downpayment (spread VAT) – P5.14M
20% spread until Nov 2018 – P231,600/month
60% lumpsum – P16.12M

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

Anvaya Cove Golf Club Share NO DP Promo

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anvaya cove

Anvaya Cove offers a NO DOWNPAYMENT Scheme for the Golf Sports Club share for just P10k/month for 23 months!
Promo runs from August 1 to September 15, 2015.

*Lumpsum will be on the 24th month

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

Mandarin Hotel News

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Iconic Mandarin Oriental soon to be reduced to rubble

SOURCE: http://www.bworldonline.com/content.php?section=Corporate&title=iconic-mandarin-oriental-soon-to-be-reduced-to-rubble&id=111459

AYALA Land, Inc. (ALI) said it will begin demolishing the Mandarin Oriental Manila — a signature feature of Makati’s skyline — and will spend about P12 billion to redevelop the Ayala Triangle Gardens where a new Mandarin Hotel will rise.

AFTER nearly 40 years of being one of Makati City’s most iconic structures, the Mandarin Oriental Manila will be reduced to rubble and a condominium tower is planned for the site, listed builder Ayala Land, Inc. said. — WWW.INTERAKSYON.COM
A residential tower is planned for the site, which sits on the corner of Makati Avenue and Paseo de Roxas. The property giant hopes to start selling units this year, ALI Chief Financial Officer Jaime E. Ysmael told reporters last week.

“We will soon commence the demolition of the building. Once we got the license to sell, we will launch it,” Mr. Ysmael said.

“We need new inventory for Makati so that will be the next one.”

Across the old Mandarin Hotel site is the Ayala Triangle Park. That complex will be home to the new five-star hotel. Ayala Land is also building a premium office building there, Mr. Ysmael said.

“I think P12 billion is the capex (capital expenditure) for that complex.

It will be consistent with the original plan,” Mr. Ysmael said, adding that hotel construction starts this year.

In June last year, the hotel’s former owner Mandarin Oriental Hotel Group had said the new luxury hotel will open in 2020.

BUILDING WITH ORTIGAS, SM
Ayala Land is also hammering out a five-year roadmap with SM Prime Holdings, Inc. and OCLP Holdings, Inc. for four main properties of the Ortigas family.

OCLP Holdings is the investment holding firm of the Ortigas family.

The master plan, which will determine OCLP Holdings’ capital spending requirements, will focus on the following: Greenhills in San Juan; Circulo Verde in Libis, Quezon City; and Capitol Commons and Tiendesitas in Pasig City.

The roadmap will also include plans for the family’s land bank in the Ortigas central business district, roughly 212 hectares of land in the Rizal province owned by Concrete Aggregates Corp., and portions of Camp Crame and Camp Aguinaldo along EDSA.

“There’s an existing plan that is up to 2020. We are now reviewing it and try to align it with the plans for Ayala Land,” Mr. Ysmael said.

“We will also craft a land-banking strategy because there are also some attractive areas that we want to pursue but all of that will be part of the five- to six-year plan that we need to finalize within the year,” he said.

After a legal battle that lasted two years, the SM and Ayala groups decided to settle their differences in November last year and jointly manage OCLP Holdings.

Asked about ALI’s performance in the second quarter, Mr. Ysmael said: “It is still consistent relative to the first quarter. We are still in line with the plan.”

The real estate firm reported a 19% growth in net earnings to P4.1 billion at end-March, fueled by the higher contribution of its property development and commercial leasing business.

Under its 2020 Vision, Ayala Land is targeting a 20% annual growth rate to hit a net income of P40 billion. — Krista Angela M. Montealegre

Ayala + Generika News

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Ayala group buys 50% of drugstore chain Generika
By: Doris Dumlao-Abadilla

THE AYALA group has entered the affordable pharmaceutical retailing business with the acquisition of a 50 percent stake in the Generika group, one of the pioneers in the distribution of quality generic medicines.
Ayala Healthcare Holdings Inc., a wholly owned subsidiary of Ayala Corporation, signed agreements on Thursday to buy a 50 percent stake in the Generika group – which has a 500-store drugstore network nationwide – from the family of Julien Bello.
Generika co-founder Teodoro Ferrer and his group will continue to hold the remaining 50 percent ownership in Generika and continue to serve as the president and chief executive officer of the group.

“We are excited to be part of Generika and help address the gaps in affordable retail healthcare. We believe this is an excellent platform for Ayala to reinvent the space and serve as foundation for our emerging healthcare portfolio,” Ayala president and chief operating officer Fernando Zobel de Ayala said in a statement on Thursday morning.

“With the combined strengths and management capabilities of Ayala and Generika, we believe we can raise the level of efficiency and accessibility of this platform to better serve Filipino families by providing a wide range of quality medicines at affordable prices,” Zobel added.

“On behalf of Generika, we wholeheartedly welcome the entry of Ayala Healthcare. We are especially excited by the enhanced capability to have a meaningful impact on the health and lives of many more communities all over the country,” Ferrer said.

The Ayala group started its footprint in the healthcare sector in 2014 through QualiMed, Ayala Land Inc.’s chain of hospitals and satellite clinics, in partnership with the Mercado medical group.

Mabuhay Capital served as financial advisor to the group of Bello in its transaction with Ayala Healthcare.

Read more: http://business.inquirer.net/195377/ayala-group-buys-50-of-drugstore-chain-generika#ixzz3gVskYTuU
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

Ayala + Puregold

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New supermarket to open in Ayala malls
By Jenniffer B. Austria | Jul. 12, 2015 at 11:30pm
SOURCE:
http://manilastandardtoday.com/2015/07/12/new-supermarket-to-open-in-ayala-malls/

A 50-50 joint venture between Ayala Land Inc. and Puregold Price Club Inc. will soon launch a new retail brand called “Merkado Supermarket.”

Mekardo Supermarket, which needs board approval from both companies, will be based in Ayala-run shopping malls and will target the middle-income segment.

The strategy of building mall-based supermarkets will enable Puregold, the current second largest supermarket chain, to tap a broader market as most of its supermarkets are stand-alone stores.

By venturing into mall-based supermarkets, Puregold and Ayala Land will directly compete with SM Retail, the leading supermarket chain owned by the Sy family, which has been the anchor supermarket for all SM shopping malls.

Based on initial plans, Merkado will be located within Ayala-owned shopping malls. At present Ayala Land’s shopping mall in Fairview, Quezon City has Puregold as its supermarket tenant.

Ayala Land’s Varejo Corp. and Puregold’s Entenso Equities signed a joint venture agreement last year to develop and operate mid-market supermarkets for some of Ayala Land’s new integrated and mixed-use developments.

However, it is only now that the joint venture partners unveiled their plans for the venture.

Ayala Land Premier Openhouse

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ayala land premier openhouse

Ayala Land Premier Openhouse
2015 July 26, SUNDAY
11:00 AM TO 5:00 PM
Ayala Museum, Makati City

RSVP

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

PRC License 0005279 / HLURB 001035

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