ALI offers to buy portion of Makati Sports Club property

Property giant Ayala Land Inc. has offered to buy a big piece of the prime property of leisure estate Makati Sports Club for P4 billion, which will be used to fund the latter’s redevelopment plans.

According to the annual report issued by Makati Sports Club last week, ALI has offered to buy 7,000 square meters of its 1.3-hectare property within the Makati central business district. At P4 billion for the entire parcel, the offer prices the land at P571,428 per square meter.

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ALI offers to buy portion of Makati Sports Club property

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