New Showroom in Cebu

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Ayala Land Premier Unveils its New Cebu Showroom!

Visit the ground floor of The Terraces at Ayala Center Cebu and experience sensible luxury living at the heart of the city.

Ayala Cebu Showroom

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ALI Wins ITS Bid

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arca south

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Ayala Land Buys 51.36% interest in Tutuban Firm

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Ayala Land buys 51.36% interest in Tutuban firm
By: Doris Dumlao-Abadilla

@inquirerdotnet
Philippine Daily Inquirer
02:55 AM August 15th, 2015

SOURCE: http://business.inquirer.net/197159/ayala-land-buys-51-36-interest-in-tutuban-firm#ixzz3irw5p3VS

Property giant Ayala Land Inc. has signed a deal to buy a 51.36-percent stake in publicly listed holding firm Prime Orion Philippines Inc. (Popi)—owner and developer of Divisoria’s popular bazaar hub Tutuban Center—for P5.6 billion.

In a disclosure to the Philippine Stock Exchange Friday, both ALI and Popi announced a deal for ALI to acquire 2.5 billion Popi shares subject to certain terms and conditions. The deal signified ALI’s entry into smaller and more mass-based retail center formats.

The new shares to be acquired by ALI will come from Popi’s increase in authorized capital stock.

Through its subsidiary Tutuban Properties Inc., Popi owns Tutuban Center, a retail complex with a gross leasable area of about 60,000 square meters, offering various concepts from wholesale and bargain stalls to regular retail and food outlets.

“This acquisition is aligned with ALI’s thrust of expanding its leasing business,” ALI said in its disclosure.

In a text message, ALI president Bernard Vincent Dy said the “focus for now will continue to be the Tutuban parcel.”

With the deal, Popi said it would be able to benefit from the expertise and resources of ALI and optimizethe development of its property assets, especially Tutuban Center.

Tutuban Center, which sits on a 20-hectare property, will be the location of the North-South railway project transfer station, which will interconnect with the LRT 2 west station. Tutuban Properties signed last April a memorandum of understanding with the Department of Transportation and Communications (DOTC) and the Philippine National Railways (PNR) on the railway project.

“The landbank’s location doesn’t seem to be in the usual market of ALI despite Tutuban being the real example of the Filipino consumer. This area is quite depressed so you can’t expect an East or West gallery (upscale apartments)-like project here,” said Jose Mari Lacson, head of research at local stock brokerage Campos Lanuza & Co.

“So we can speculate that this forms part of a broader strategy involving PNR and the railway system. Remember ALI has major projects landbank in both the north and south that can be enhanced of we have an efficient railway system linking north and south Luzon,” Lacson said.

Formerly known as Guoco Holdings (Philippines) Inc., Popi has interests in real estate and property development, nonlife insurance and other allied services, organized under several intermediate holding companies.

Popi has total assets of P4.5 billion as of end-March this year while market capitalization stood at around P5.5 billion.

Ayala Corp News

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Ayala Corp. H1 net income rise 6% to P10.4B
by James Loyola
August 13, 2015 (updated)

SOURCE: http://www.mb.com.ph/ayala-corp-h1-net-income-rise-6-to-p10-4b/#xfs3oIAFL5DZE6lL.99

Ayala Corporation reported that its net income rose 6 percent to P10.4 billion in the first half of the year driven by the double- digit growth in its telecom, real estate, banking, and electronics businesses, and boosted by the positive performance of its power generation unit.

Excluding the previous year’s divestment gains from the sale of Stream Global Services, Ayala’s business process outsourcing unit, Ayala’s net income in the first semester grew 31 percent.

In a disclosure to the Philippine Stock Exchange, Ayala said its solid performance in the first half of the year was a result of strong equity earnings contribution from its business units, which reached P13.2 billion, up 2 percent from a year ago.

Without the divestment gains, equity earnings expanded 20 percent in the first half of the year.

The strong double-digit growth in the equity earnings of Globe Telecom, Ayala Land, Bank of the Philippine Islands, and Integrated Microelectronics combined with the positive contribution from AC Energy Holdings drove Ayala’s equity earnings during the period.

“Our earnings continue to grow at a strong pace in step with the overall performance of our business units. As demand drivers remain upbeat, and as our investments in power come onstream, we believe this strong growth will continue throughout the year,” Ayala president Fernando Zobel de Ayala said.

He added that, “as our core businesses grow, we continue to seek new areas to invest in. We are developing new platforms in the healthcare and education spaces. We believe these two sectors present excellent opportunities for growth and scale.”

Ayala Land’s net income expanded 19 percent to P8.4 billion, lifted by the upbeat performance of its property development and commercial leasing operations.

Net earnings of the Bank of the Philippine Islands expanded 16 percent to P9.3 billion As its core banking business continued to drive growth.

Manila Water’s net income dipped 4 percent from a year ago to P3 billion owing to higher operating expenses primarily from catch-up rental costs incurred by the East Zone concession during the period.

Integrated Micro-Electronics Inc. recorded a net income of $15.2 million, 35 percent higher from the previous year as operational improvements, continued focus on higher-margin products, and cost saving measures increased profitability.

As its power generating assets come online, AC Energy Holdings Inc. registered a net income in the first half of the year of P198 million. In transport infrastructure, Ayala formally opened the Muntinlupa-Cavite Expressway (MCX) on July 24, 2015.

Anvaya Cove Share Discounts

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Hi Everyone,

Here’s our special discounted rates for Anvaya Cove Shares (Beach and Nature Club or Golf Club). These discounts apply only to those who will purchase Anvaya properties too.

Thanks,

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CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

ANVAYA COVE Share Tandem Promo

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Cloverleaf in Balintawak

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cloverleaf

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Ayala News

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No signs of slowing down for Ayala Land’s property segment
By Krista A. M. Montealegre, Senior Reporter

SOURCE:
http://www.bworldonline.com/content.php?section=Corporate&title=no-signs-of-slowing-down-for-ayala-lands-property-segment&id=113152

AYALA Land, Inc. (ALI) said growth at its residential property business should pick up pace despite a slowdown in the first half and threats of higher interest rates.

The property giant has also been beefing up its leasing business to account for half of earnings in the next five years.

ALI Chief Financial Officer Jaime E. Ysmael told reporters last week the 10% growth in the company’s residential revenues in the first half — significantly slower than the 40% expansion a year ago — is still “quite reasonable” given the high base as a result of its aggressive launches since 2009.

Reservation sales — an indicator of future growth — grew 8% to P52.47 billion in the first half.

“The development side, residential will continue to grow — that’s our assumption for the next five years,” Mr. Ysmael said.

“We will not slow down… We will launch to the extent the market will bear, to the extent the market will continue to be conducive. From where we are standing right now, there is no reason to believe the market will not grow given what is happening in the global economy,” Mr. Ysmael said.

Rising remittances from Filipinos abroad, robust business process outsourcing and tourism sectors, growth in per capita income and low interest rates remain a favorable backdrop for expansion, he said.

“Last year, if you look at our performance, we grew our sales by more than 10% but the entire market contracted so we gained market share,” Mr. Ysmael said.

Higher US interest rates — with the Federal Reserve widely expected to raise them by September — will have a “muted” impact on Philippine credit conditions, he said.

“If that happens, we believe the Philippine banking system is resilient compared to the other markets. The central bank… has not followed the other economies in increasing interest rates because they feel the Philippine situation is a bit different and we can afford not to raise interest too much,” Mr. Ysmael said.

“If you look at mortgage rates, there is room for banks to even reduce mortgage rates because the net interest margin is quite high for the banks. They are charging 8-9% for a one-year fixed [loan] and their funding cost is less than that even if you add the intermediation cost,” he said.

ALI is beefing up its leasing portfolio with a plan to raise its contribution to 50% of earnings by 2020, or the end of its five-year plan when the property firm is expected to post a net profit of P40 billion.

Recurring income accounted for 44% of bottom line in the first half.

“The tripling of leasable space will deliver that,” Mr. Ysmael said, referring to a plan to triple the size of shopping malls, office space and hotel and resorts businesses over the next seven years from 2013 levels.

Shares in Ayala Land added 55 centavos or 1.44% to close at P38.70 each last Friday.

Anvaya Cove in RAPPLER

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INFOGRAPHIC: Things to do in Morong, Bataan
The go-to exclusive family destination north of Manila

By Nikki Natividad
Published 11:35 AM, Aug 10, 2015

SOURCE: http://www.rappler.com/brandrap/travel-food-and-lifestyle/100033-anvaya-cove-vacation

MANILA, Philippines — “It’s more fun in the Philippines.” We’ve all heard it before. Blessed with beautiful beaches, delicious cuisine (Read: Filipino food has finally arrived – Washington Post) and gregarious people, the Philippines really lives up to its title as Pearl of the Orient.

Natives and foreigners alike love to tread the azure waters of Palawan and walk barefoot on the white sand beaches of Boracay, but to experience only these places is to scratch just the surface of what the Philippines has to offer. With 7,107 islands, there is no end to the number of places to see and adventures to be had. That means good fun and natural beauty are just a stone’s throw away from wherever you are.

For Manileños, nearby, go-to destinations are the likes of Pampanga to the North – home to arguably the best of the country’s cuisine. To the South, there’s Batangas, home to Taal Volcano, famous for its island within a lake, within an island within a lake.

Modern developments are turning these classic road trip destinations from formerly remote havens into accessible getaways. Now, there are more options for a nearby overnight retreat or just a quick day trip for the busy Manileño. One of the newest points of interest being the previously untapped region north of Metro Manila that is Morong, Bataan.

Famous for their Pawikan Sanctuaries (Watch: For the love of pawikans), remote atmosphere, and beautiful beaches, Morong, Bataan is quickly becoming a great place for family and barkada adventures. And with an exclusive seaside leisure community like Anvaya Cove choosing Morong, Bataan to be its home, the once sleepy community is fast becoming a preferred quick-escape destination for the urban dwellers.

To give you a better idea of what Anvaya Cove has to offer, check out these interactive maps of all the best sights and sounds of the west.

*Click the link below for the interactive maps:
http://www.rappler.com/brandrap/travel-food-and-lifestyle/100033-anvaya-cove-vacation

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Ayala News

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Ayala Land bags P4B ‘ITS South’ terminal project
By: Doris Dumlao-Abadilla

SOURCE:
http://business.inquirer.net/196847/ayala-land-bags-p4b-its-south-terminal-project

PROPERTY giant Ayala Land Inc. has bagged the right to build and operate the P4-billion integrated transport system south terminal (ITS South) at the former FTI complex in Taguig, an infrastructure project under the government’s public-private partnership (PPP) program seen by the property firm as strategic to its mixed-use Arca South estate.

In a disclosure to the Philippine Stock Exchange on Tuesday, ALI said it had won the bid for ITS and would soon sign a 35-year concession agreement with the Department of Transportation and Communications (DOTC).

Apart from building and operating the terminal, ALI will likewise have the right to develop and operate commercial leasing facilities on the same 5.57 hectare former FTI property on which the future transport terminal will be built.

The ITS South project is right next to ARCA South, where ALI is developing an integrated mixed-use estate. This project is thus seen as crucial to improving access to ARCA South and bringing in foot traffic to the development.

“It is estimated that up to 4,000 buses and 160,000 passengers will feed into ITS South from SLEX (South Luzon Expressway) every day,” ALI said.

Construction of the ITS terminal will begin by May 2016 and is expected to be completed and ready for operation by October 2017, the property firm said.

Based on a briefer from the PPP Center, ITS South will connect passengers coming from the Laguna-Batangas side to other transport systems such as the future North-South Commuter Railway project (currently the Philippine National Railways), city bus, taxi, and other public utility vehicles that are serving inner Metro Manila. The project will include passenger terminal buildings, arrival and departure bays, public information systems, ticketing and baggage handling facilities, and park-ride facilities.

Under the terms of the partnership, ALI will undertake the design, construction, and financing of ITS South as well as the operation and maintenance of the whole facility. The concessionaire can also undertake commercial development and collect revenues generated from the project.

Last year, ALI unveiled the P80-billion masterplan for Arca South, its newest central business district project in the metropolis, which will be built on the 74-hectare lot likewise previously part of the FTI complex.

**

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Anvaya Seascape Ridge Price Increase

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Anvaya Cove

Effective Octobe 15, 2015, there will be a 5-12% price increase for all the remaining inventory of Seascape Ridge Units.

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E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
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