Makati Subway News

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Ambitious Makati subway plan sees the light of day
By: Daxim L. Lucas – Reporter / @daxinqPhilippine Daily Inquirer / 03:40 AM October 16, 2019

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Ambitious Makati subway plan sees the light of day

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For the most part, Makati City—the country’s premier business district—is at par with other centers of commerce and finance around the world.

It has many skyscrapers offering of grade A office space to multinational corporations, an abundance of retail establishments to satisfy all kinds of shopping needs and a multitude of food establishments catering to the dining needs of its estimated daytime population of four million workers.

But it has one key flaw: the planners of the city that rose from what was once a marshland a century ago failed to lay down the infrastructure for a mass transit system that would support the daily commute of office employees into and out of what eventually became the country’s most coveted address.

Apart from a creaky and stoppage-prone light rail system on one side and an antiquated and decrepit train line on the other, Makati commuters have to rely completely on an increasingly congested road network served by buses, jeepneys and cars—thousands of cars—resulting in daily vehicular traffic gridlocks around several key intersections, especially during the morning and evening rush hours.

That is about to change.

If plans don’t miscarry, a partnership between the Makati City government under Mayor Abby Binay and a private sector consortium led by Philippine Infradev Holdings of businessman Antonio Tiu will break ground on what will be the country’s first subway project.

“The benefits of this project will be massive,” Binay said. “It will benefit all the residents of the city, and even those who live in other parts of Metro Manila, because it will make it easier to travel within Makati and into or out of it.”

She explained that the subway project—with an estimated project cost of $3.7 billion—would also dramatically reduce vehicular traffic within the central business district when it came online in 2025.

“With a modern subway like this, you can leave your car at home or at designated parking spaces and travel to your appointments within the city by train,” she said. “It will be faster, cheaper and more convenient.”

According to the plans revealed by the consortium, the subway system will connect key points in the city such as the current central business district along Ayala Avenue, the Makati City Hall, the Poblacion heritage site, the University of Makati, Ospital ng Makati and the other new business districts within the city.

Its J-shaped 10-kilometer route will begin under the present site of the Makati Central Fire Station near the intersection of Ayala and Gil Puyat Avenues, and will end at the University of Makati at the border of Bonifacio Global City in Taguig. The original proposal called for a U-shaped route that would have started under the former Hotel Intercontinental at the corner of Ayala Avenue and Edsa, but no agreement could be reached by the project proponents with Ayala Corp. which owned the bulk of the properties along the country’s most expensive business address.

“In any case, we can add that later on if they change their minds,” Tiu said. “For now, the project that we have will be very beneficial, viable and profitable for all the stakeholders.”

The proposed dual track subway system will have up to 10 air-conditioned, underground stations that can accommodate up to six car trains, with a room for over 200 passengers per car. Over 700,000 passengers per day will be accommodated and served by the proposed mass transport system.

It will complement other mass transport systems, such as the Metro Rail Transit 3 on Edsa, the Pasig River Ferry System and the proposed Metro Manila Mega Subway.

Philippine Infradev said it planned to extend the subway out of Makati, possibly to the neighboring cities of Pasay, Pasig, San Juan, Mandaluyong or Manila.

Apart from the revenue share, the subway system is seen to improve the flood system of the participating city, given that good pumping and drainage system will be installed underground.

“At the same time, this project will also create thousands of jobs during the construction phase, as well as during the operation phase,” Tiu said, explaining that, apart from the subway’s operations, the 10 subway stations will also create a mini retail boom through the retail stores and dining establishments that will locate in the air-conditioned premises.

“It will be similar to what you can find in Hong Kong, Singapore or Tokyo,” he said.

Already, Mayor Binay is looking way beyond the subway’s completion in 2025.

“Yes, this will make this great city even greater,” she said. “But more importantly, it will also be our legacy to future generations: the country’s first subway system.”

Fingers crossed.

SOURCE:

Ambitious Makati subway plan sees the light of day

ALI Offsetting Greenhouse Gas

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ALI to offset 70% greenhouse gas by year-end
Published September 14, 2019, 10:00 PM
By Emmie V. Abadilla

SOURCE:https://business.mb.com.ph/2019/09/14/ali-to-offset-70-greenhouse-gas-by-year-end/

The country’s top property developer, Ayala Land, Inc. (ALI), will offset 70 percent of its greenhouse gas (GHG) emissions this year-end and expects net-zero carbon emissions in its malls, offices and other commercial properties by 2022, eight years earlier than the national target date.

Corporate entities are among the world’s largest polluters, emitting greenhouse gases (carbon dioxide, methane, nitrous oxide, and ozone) that cause global temperatures to rise. Although the Philippines is not among the world’s top emitters, it is vulnerable to the effects of climate change.
Alfonso Javier D. Reyes, CEO of Direct Power Services, Inc., a wholly-owned subsidiary of ALI, said the company has been at the forefront of the country’s environmental sustainability campaign for over a decade.

The property firm has been measuring its carbon emissions since 2008 and working to minimize its footprint. Achieving “net-zero carbon” or becoming “carbon neutral” measures how successful the company is in offset its GHG emissions.

ALI follows four strategies to achieve carbon neutrality: Avoid emissions through passive cooling and sustainable architectural design; reduce fuel and energy use; shift to renewable energy (with minimal to zero emissions) and enhance carbon stock in forests via assisted natural regeneration.

While its carbon forests continue to expand in coverage, more of ALI’s commercial properties are shifting to renewable energy where available. These properties are “contestable customers” averaging at least 1,000 kilowatts per month and can opt to choose their own Retail Electricity Suppliers and energy source.

“When ALI announced its carbon neutrality goals, we began changing our energy mix, sourcing our electricity contracts from renewable energy plants and from suppliers who are able to provide us with carbon-offset certificates conforming to international standards,” explained Reyes.

“We account for the GHG emissions of our commercial properties and construction activities in our Integrated Report disclosures to help us manage our carbon footprint. The I-REC and VER certificates assure us of the integrity of the reductions and offsets,” added Anna Maria M. Gonzales, Sustainability Manager at Ayala Land.

ALI’s carbon forests are nurtured through volunteers mobilized by partner non-government organizations.

As of 2018, 42,057 new native trees have been planted, with an 80%-100% survival rate across the sites. By protecting existing trees, soil, and vegetation in the sites, ALI enhances the capacity of these forests to continue absorbing carbon dioxide from the atmosphere.

ALI’s renewable energy patronage also significantly reduced its carbon emissions. To date, ALI’s malls and offices have avoided 84,642 tons of carbon dioxide equivalent (t-CO2e) from the shift to renewable energy alone. This is equivalent to the emissions produced by 16,303 passenger vehicles driven for a year.

As of last count, UP-AyalaLand Technohub, an early adopter of renewable energy and ALI’s top consumer of electricity, avoided 15,497 tCO2e emissions in 2018 alone (equivalent to the emissions from 2,985 passenger vehicles driven for one year). Meanwhile, Ayala Malls Vertis North and Tutuban Properties Inc., also running on renewable energy, avoided a combined total of 10,168 tCO2e emissions (or the same amount of emissions from 906,115 gallons of diesel consumed).

Under the Paris Agreement, the Philippines targets to cut its overall greenhouse gas emissions by 70% by 2030. ALI’s carbon neutrality initiative and its earlier deadline of 2022 directly contributes to the national goal and the global effort to limit global warming to 1.5 degrees Celsius by 2030.

***

For property inquiries:

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
REBL 5279 / HLURB 000327

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Ayala News

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Enhancing the streetscape of the premier business capital

MANILA, Philippines — The task of developing the country’s cities and infrastructure is an enormous one, and one that both the government and private sector alike continue to prioritize.

Ayala Land Inc. (ALI), the Philippines’ leading developer of sustainable estates, continues to contribute to this cause. It supports local government and works with various stakeholders to build new mixed-use developments and revitalize existing ones—all of which are designed to contribute to growth and to enhance one’s quality of life.

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The focus of the company is not just on building structures to satisfy market demand, but on building estates based on the principles of “new urbanism”—creating urban and living areas that are dynamic, connected, functional and sustainable, well into the future.

ALI continues to invest in the redevelopment of established areas such as the country’s premier central business district—Makati. The company has so far invested P125 billion for the expansion and revitalization plan of the Makati Central Business District (CBD).

“Keeping a landmark such as the Makati CBD at pace with key cities around the world remains a top priority for Ayala Land. Working together with the Makati Commercial Estates Association or MACEA, we aim to strengthen even further the city’s status as the country’s premier business and lifestyle hub,” said Shiella Aguilar, project development head of the Makati estate.

The redevelopment of Makati has been deliberately planned in a way that all of its property components are brought together by an enhanced streetscape anchored by the longest covered elevated walkway in the country, which spans 1,100 meters from the Ayala MRT Station to Makati Medical Center.

At the archway and corner of Ayala Avenue and EDSA is the 2.8-hectare One Ayala Avenue development—an expansive, modern commercial hub with an intermodal transport facility that will be open by 2021. At the other end is the recently opened Ayala North Exchange, a mixed-use development with offices, an Ayala Malls and the first Seda Residences, all at a highly-accessible location at the northern end of Ayala Avenue.

Also nearing completion at the center of the CBD and within the Ayala Triangle Gardens are Tower Two and the Mandarin Hotel, which will provide Makati with a new premium office, hotel, and retail area.

Over the past 20 years, walkways either underground, on-ground or above-ground have been designed, planned and executed in accordance with the district’s constantly changing needs. These new developments will add significantly to the CBD’s overall connectivity, accessibility and pedestrian walkability.

These facilities that encourage walking instead of the use of automobiles are vital for sustainable living. A study conducted by the Norwegian University of Science and Technology showed that 100 of the highest-emitting urban areas around the world already account for nearly 20 percent of the global carbon footprint.

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ALI continues to track and identify metrics in pedestrian-transit connectivity to improve its developments’ impact on all stakeholders.

Aguilar explained that the company’s pedestrian and transit connectivity tenet is focused on three areas, namely pedestrian priority-planning, the building of climate protected walkways, and providing for easy-to-access transit terminals.

Other Ayala Land estates in urban areas, such as Circuit Makati, Arca South, and Vertis North, also prioritize pedestrian-friendly streets and incorporate public transit connections in their master plans.

“The goal of sustainable development is building to make people’s lives better. Part of this is simply enabling people or providing them with the means to live sustainably, as more and more of us are aware of how we impact our climate and the environment,” Aguilar added.

Ayala Land’s holistic approach to building sustainable communities has earned for it various citations both here and abroad through the years, and has made it the only Philippine company included in The Robeco SAM Sustainability Yearbook 2019—the world’s most comprehensive publication on corporate sustainability.

This is the third consecutive year that ALI has been named one of the most sustainable companies worldwide.

Along with other ALI projects and developments, the revitalization of the country’s premier financial district into a more sustainable, smarter and more liveable city is a prime example of how the private sector can contribute to national development and economic growth—a model that is being replicated in other growth centers around the Philippines.

Ayala North Exchange: The newest gateway to Makati CBD

Ayala Land Inc. (ALI) officially opened Ayala North Exchange—the newest gateway to the Makati CBD—last June 18. The ceremony was led by Bobby Dy, president and CEO of ALI, Junie Jalandoni, senior vice president and group head for Commercial Business Group, Meean Dy, senior vice president and group head of Strategic Landbank Management Group with Mayor Abby Binay and Vice Mayor Monique Lagdameo of Makati City.

Ayala North Exchange, one of ALI’s signature commercial mixed-use developments, is located at the northern end of Ayala Avenue at the corners of Salcedo and Amorsolo streets.

The development features shopping and dining options, offices and a serviced apartment. Two office towers stand above a three-level retail podium with one office tower crowned by the first Seda Residences.

Fully leased, the office towers are now home to Bank of the Philippine Islands, Concentrix, Prulife, Novartis, Oracle Netsuite, Amaysim, AON, ISS, and Makati Medical Center. Ayala Land’s co-working facility, Clock In, will also soon open in the building.

The development features a 2,600-square-meter civic space where office workers can wind down and recharge any time of the day.

SOURCE:
https://www.philstar.com/business/real-estate/2019/07/28/1940012/enhancing-streetscape-premier-business-capital?fbclid=IwAR2zrVHhdLJE5aBaYCZEB6638oGs0jAxG1CG0iSBN3-Nf8GYPNJ38DFAaCQ

Ayala Industrial Park News

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Ayala Land eyes industrial park in Central Luzon, to woo Chinese firms
SOURCE:https://news.abs-cbn.com/business/04/29/19/ayala-land-eyes-industrial-park-in-central-luzon-to-woo-chinese-firms

MANILA – Ayala Land Inc. said Monday it was looking for potential areas in Central Luzon to build an industrial park, which would be offered in part to Chinese companies.

The industrial park will be for light manufacturing activities, a “portion of which will be offered” to the Chinese, Ayala Corp’s property arm told the stock exchange.

Ayala Land also said manufacturing firms from China would occupy 1.9 hectares of space at its Alviera Industrial Park in Porac, Pampanga.

ALI Offer to Buy MSC Property

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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

Arca South News

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DA eyes food terminal at remaining FTI lot
Published January 17, 2019
By Madelaine B.Miraflor

SOURCE:https://business.mb.com.ph/2019/01/17/da-eyes-food-terminal-at-remaining-fti-lot/

The Department of Agriculture (DA) will utilize whatever that is left of the Food Terminal, Inc.’s (FTI) complex in Taguig to serve it’s real purpose, which is to create food terminals. This was nearly seven years since the government privatized a large chunk of the property and sold it to Ayala Group.

In 2012, Ayala Land, Inc. (ALI) paid the government as much as P24 billion to purchase the FTI property. Seven years later, FTI said it will spend about P1 billion to build food terminals in six locations, one of which will be located within the remaining portion of FTI complex that is still owned by the government.

Agriculture Secretary Emmanuel Piñol said the FTI, which is now under the Department of Agriculture (DA), still owns a 25-hectare lot in Taguig and another 11 hectares occupied by informal settlers.

He said that FTI, as per FTI Chairman Raymundo Ferrer, has just recently revived the government’s plan to construct food terminal facilities, which will serve as the consolidation areas for agricultural and fisheries products, across different part of the country.

When completed, the new FTI will have receiving and processing facilities for the produce of farmers and fishermen which will then be sold directly to consumers or vendors’ associations.

“Using modern communication technology, the new FTI will give out daily advisory on the buying prices of such products as chicken and hogs. It will be equipped with processing and cold storage facilities,” Piñol said.

Logistical facilities will also be acquired by the FTI to move the products from the Regional Food Terminals to the market.

When the 74-hectare FTI property was sold to ALI, the proceeds went to DA so the agency could implement modernization projects.

Makati Subway News

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Preparatory work on Makati City subway begins
By Denise A. Valdez, Reporter

THE Makati City government and the consortium led by Philippine Infradev Holdings, Inc. (formerly IRC Properties, Inc.) broke ground on Wednesday the $3.7-billion Makati City Subway Project which aims to build an intracity railway system in the business district.

Makati Mayor Mar-Len Abigail S. Binay and Philippine Infradev President and Chief Executive Officer Antonio L. Tiu led the drilling program in front of the Makati City Hall, which is eyed as a subway stop for the 10-kilometer line.

READ MORE:
https://www.bworldonline.com/preparatory-work-on-makati-city-subway-begins/

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