Ayala Land pours P70B for mixed-use estate in Cavite
By JC Ansis, CNN Philippines

SOURCE:
http://cnnphilippines.com/business/2015/09/02/Ayala-Land-70-billion-Vermosa-Cavite.html

Metro Manila (CNN Philippines) — Ayala Land, Inc. (ALI) announced Wednesday (September 2) that it is investing P70 billion for a 700-hectare mixed-use estate, Vermosa, located in Imus, Cavite.

According to Bernard Vincent Dy, president and CEO of ALI, the multi-billion peso project takes inspiration from ALI’s other estates in Makati, Bonifacio Global City, and Nuvali.

“Building large scale mixed-use developments that are strategically located in the country’s emerging growth centers will continue to be our focus. Our residential brands continue to introduce new offerings within our estates,” said Dy.

A central business district will take up 124 hectares of the development. It which will hold various business and commercial establishments, residential developments and schools. Furthermore, 165 hectares of land will be devoted to parks and gardens.

To focus on Filipinos’ increasingly active and healthy lifestyle, the property will have a sports complex that will boast of an Olympic-size pool, a 400-meter track and field, and an advanced sports science laboratory.

Vermosa will be accessible via the newly opened Muntinlupa-Cavite Expressway (MCX), which connects the Daang Hari Road and South Luzon Expressway.

The project is slated to be completed in the next 12 to 15 years.

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