The suburbs in the South of Metro Manila are increasingly becoming a preferred location for Filipino families desiring the traditional values of safe and secure yet unrestrained home living. Along with this comes the growth of the local economy, as more and more establishments are increasingly required to support the daily needs of these citizens.
Given this evolving business and commerce scene, Ayala Land―the country’s largest full-line real estate developer known for creating master planned townships and estates―has brought its expertise to the South and created a pioneering central business district (CBD) to serve as an anchor for progress in the area.
Evo City is a sprawling 200-hectare CBD situated in Kawit, Cavite that enjoys linkages with vital road infrastructure such as the Manila-Cavite Expressway (CAVITEX) and the Ninoy Aquino International Airport Expressway (NAIAX). Providing its inhabitants unparalleled connectivity and synergy with other CBDs and city centers in the National Capital Region.
For instance, the NAIA is less than an hour away, while the traditional CBDs of Makati and Bonifacio Global City (BGC) are also less than an hour away. Meanwhile, the Parañaque Integrated Terminal Exchange (PITX) caters to commuters between Cavite and Metro Manila.
Last November, AREIT announced plans to acquire another P30 billion in assets, including Ayala Triangle Tower 2, Greenbelt Mall 3 and 5, Holiday Inn and Suites Makati, SEDA Ayala Center Cebu and SEDA Lio in El Nido from Ayala Land and an industrial land in Zambales from AC Energy. The acquisition is expected to be completed in the third quarter of next year.
Following the announcement, shares of AREIT fell by as much as 16 percent from its November peak. We think the market’s negative reaction was unwarranted for numerous reasons.
The acquisition of P30 billion worth of assets will grow AREIT’s asset portfolio by another 34.5 percent from P87 billion to P117 billion. This will cement its position as the country’s biggest real estate investment trust (REIT). After AREIT, the next biggest REIT is RL Commercial REIT, which has an asset portfolio of around P74 billion.
This vibrant destination, located in the heart of Mactan, Cebu, in the Punta Engaño resort corridor, is already heralded as Cebu’s next haven for food lovers, adventure enthusiasts, and families seeking elevated recreational and retail options.
The opening event took place today, December 14, 2023, at the scenic grounds of Seagrove. Among the attendees were John Kristoffer Rafols, Officer in Charge of the Tourism Office of Lapu-Lapu City, members of the media, Bambu Technology Bikers, Noponity Bikers Group, Grupo Nopo Skateboard group, the Sugbo Mercado team, Arch. Bryan Auman, Owner and Founder of Bradlab, and executives from Ayala Land and Taft Properties. The event started with an official site blessing led by Fr. Melchor Rizon, followed by the ceremonial opening of the estate where guests enjoyed the best of Sugbo Mercado’s merchants and the first Roll Park in Cebu.
The Best of Sugbo Mercado Market
First to open is the Sugbo Mercado Market, an open-air food market that showcases the best of Cebu’s exciting gastronomic scene. With a wide array of food stalls, visitors can indulge in an unforgettable journey reflecting Cebu’s rich food heritage, which is now gaining wider attention as a global culinary treasure. Sugbo Mercado at Seagrove will open on December 15 – 17 (Friday to Sunday) from 4 pm to 9 pm.
What sets Sugbo Mercado Market apart is its refined and diverse range of homegrown talent and flavors. The food vendors here represent the best in Cebu who have honed their skills through various platforms and are ready to share their creations on a world-class stage like Seagrove.
Roll Your Way to Big Fun in Mactan
In addition to the delectable food offerings, Seagrove will open Cebu’s first Roll Park, a skate and bike park designed for active people and sports enthusiasts. With its scenic and dedicated areas, Roll Park provides a safe and exciting arena for bikers, skateboarders, and rollerbladers.
Roll Park features various ramps, jumps, and obstacles for all skill levels. The park also offers bamboo bike rentals during special weekends, ensuring that everyone can enjoy the thrill of biking and skating. Up and Coming Nature Haven
The opening is just the first phase of what awaits visitors at Seagrove. Seagrove’s expansive mangrove forest and wealth of seaside natural attractions are a balm for the soul and a feast for the senses. Here, seaside cafes, boutiques, and restaurants will give way to bike paths, iconic art installations, extensive shady tree-lined walkways, various water features, adventure play spaces, and spectacular views of Magellan Bay.
The 71-ha Altaraza Town Center stands right at the doorstep of San Jose del Monte in Bulacan, offering a fully integrated community that presents new opportunities for lifestyle and business with its complete mix of residences, commercial spaces, a hospital, school and open spaces.
Today, this flagship address has begun to grow and flourish with the completion of neighborhoods like the Amaia Steps Altaraza, which comprise six mid-rise towers, and Avida Settings Altaraza, which offers house-and-lot-units; STI’s Academic Center San Jose del Monte, which now has 2,500 students; Waltermart Altaraza, which offers easy access to quality essential products and services; as well as the open spaces, plaza and bike lanes, which provided both residents and guests with green breathing spaces right in the comfort of their community.
For enterprising individuals and businesses however, the prime commercial lots within the 2.4-ha Urban Hub will offer conducive platforms for sustained growth. These lots—with sizes ranging from 1,500 sqm to 1,747 sqm—are ideal for commercial, hotel, office, and institutional uses.
Businesses are thus seen to benefit not only from the rising foot traffic and a ready market in the rapidly growing community of Altaraza, but also from continued land value appreciation. In fact, latest data showed that within a span of eight years, lot prices have surged to about P70,000 per sqm to date, from only P20,000 per sqm in 2014. Compounded annual growth rate stands currently at 17 percent.
Real estate giant Ayala Land Inc. (ALI) is investing an initial P1.9 billion for the five-year development of its newest leisure estate, Arillo, in Batulao, Nasugbu, Batangas.
In a statement, the firm said Arillo is being developed on a property spanning over 62 hectares and offers a unique blend of eco-tourism, sustainable development, and luxurious living.
“With its strategic location between Nasugbu’s pristine beaches and the scenic beauty of Tagaytay, Arillo is poised to become the go-to destination for leisure and nature enthusiasts,” said ALI.
Arillo will be the premiere eco-tourism and nature haven for life and leisure in Batulao. It will offer a wide range of amenities and attractions that cater to the needs of both residents and visitors.
The estate will feature a mixed-use development with a master-planned leisure town center at its core. Arillo will serve as the economic hub, providing commercial lots for thriving businesses, residential developments for comfortable living, and facilities such as the “Blue Leaf Events Place” and “El Kabayo” horseback riding facilities, a mountain leisure center, Arillo Canyon Trails, and various other leisure activities.
PROPERTY developer Ayala Land Inc. (ALI) said Friday that it would be developing a 62-hectare estate in Batulao, Nasugbu, Batangas, with an initial investment of P1.9 billion for the project over the next five years.
Following the groundbreaking of its latest leisure estate, Arillo, last Thursday, ALI President and Chief Executive Officer Anna Ma. Margarita Dy said the firm was planning to further enhance the natural scenery of the area and “create a one-of-a-kind leisure destination.”
“By early next year, expect the leisure center to be operational, which will have a café, a welcome center for our buyers and guests, and the mountain climbing center, which is the jump-off point to Mt. Batulao and Mt. Talamitam, Arillo Canyon Trails,” she added in a statement.
The property developer said the strategic location of Arillo presented various investment opportunities and that the new estate would provide “a unique blend of eco-tourism, sustainable development, and luxurious living.”
“Arillo, however, will not be a signature AyalaLand Estate development without ALI’s well-balanced mix of developments,” Dy continued.
AYALA Land Inc.’s (ALI) core earnings are expected to revert to pre-pandemic levels at the end of fiscal year 2024, Maybank Investment Banking Group said on Thursday.
In a report, Maybank said the property developer will likely deliver 12-percent year-on-year growth, driven by improvements in its commercial leasing segment.
“We maintain our positive outlook on ALI given the sustained double-digit growth in the commercial leasing and services segment, as well as the stable recovery in the property development segment,” it said.
Maybank noted that the Ayala-led firm was also expected to benefit from the emerging countryside development and suburbanization megatrend — a population shift from central urban areas into suburbs — given its presence in key regional locations.
“We forecast ALI to deliver earnings CAGR (compound annual growth rate) of 35 percent over FY23–25E (fiscal year 2023–end of 2025) on the back of a 21 percent revenue CAGR,” the investment bank said. “ALI’s balance sheet is fairly healthy.”
Ayala Land is the Philippines’ leading full-line property developer of sustainable estates, hotels, and leisure developments. The company has embarked on an ambitious carbon emission reduction and offsetting program, dedicating 586 hectares of land as forests to counteract the effects of climate change. This holiday season, they are amplifying their commitment to environmental stewardship in collaboration with Mastercard through the Priceless Planet Coalition. Uniting the efforts of consumers, financial institutions and merchants to take collaborative action and fight climate change together with climate-science and forest-restoration experts from Conservation International and the World Resources Institute the Priceless Planet Coalition aims to further scale forest-restoration work across 20 diverse restoration sites, including six within Asia-Pacific: Australia, Cambodia, China, India, the Philippines and Thailand. Ayala Land aims to address the global climate crisis by planting the right trees in the right places.
For every P3,000 spent at participating Ayala Land Hotels using a Mastercard credit or debit card, one tree will be donated to support the Priceless Planet Coalition’s mission to plant 100 million trees by 2025. To celebrate this season of giving, guests will receive generous rewards such as up to a 20% discount on hotel accommodations, buffet dining, food and beverages at Fairmont Hotel, Spectrum Restaurant, Raffles Hotel, Mireio, Writer’s Bar, Holiday Inn & Suites Makati, Flavors Restaurant, Oz Bar, Seda Residences Makati, Misto Makati, Straight Up Bar, Seda Hotel Nuvali and Misto Café Nuvali.
AREIT Inc—the real estate investment trust controlled by billionaire Jaime Zobel de Ayala and his family’s Ayala Land Inc. (ALI)—said last week it has agreed to buy prime properties worth 30 billion pesos ($542 million) from its parent and affiliate companies, boosting its assets under management to 117 billion pesos.
The assets to be acquired by AREIT include the Ayala Triangle Gardens Tower 2, a 40-story premium office building that houses the headquarters of ALI’s parent company Ayala Corp. A 24-story five-star hotel sits right next to the skyscraper, which is part of the 18,150 square meter Ayala Triangle Gardens at the heart of the Makati central business district.
Other assets include the Greenbelt 3 and 5 shopping malls along with the 348-room Holiday Inn and Suites Makati, which are both located within the Makati CBD. AREIT is also buying the 301-room Seda Ayala Center Cebu, some 800 kilometers south of Manila.
Buyer's Guide to Ayala Land 