by Coco Midel
March 16, 2023
Only 16 units left at Park Cascades – Arca South
Coco Midel
M: +63 917 502 9252
Real Estate Broker License 0005279
KEY WORDS arca south park cascades new BGC ayala land condo investment broker price and availability alveo condo in arca south contact person
March 16, 2023
Parklinks North Tower (PNT) scheduled for a price increase on March 20.
Congrats to those who have units here.
Those interested to get one before the price increase, contact me.
Coco Midel
Real Estate Broker Licence 0005279
M: +63 917 502 9252
KEY TAGS ayala land alveo land parklinks north tower pnt parklinks south tower pst parklinks prices parklinks availability parklinks contact person seller broker parklinks investment pasig quezon city ayala in pasig
March 7, 2023
Took a trip to Arca South.
Here are the photos:
If you are interested to invest here, let me know.
COCO MIDEL, REBL 5279
M: +63 917 502 9252
E: coco.ayala@gmail.com
KEY TAGS arca south development ayala land in arca south arbor lanes in arca south garden court residences park cascades tryne plaza condo in arca south contact details prices inventory in arca south ayala land invesment
March 4, 2023
East Gallery Place and West Gallery Place are looking fantastic here at 9th BGC.
The project is sold out. Contact me if you want to know what is available in the secondary market.
Coco Midel REBL 0005279 / M: +63 917 502 9252
February 21, 2023
MerryMart, one of the fastest growing retail store chains in the Philippines, is set to open two eco-friendly supermarkets in Ayala Land’s Nuvali in Laguna and Cresendo in Tarlac.
The stores will feature solar panels, LED lighting fixtures, bicycle slots, and electric car charging provisions.
MerryMart and Ayala Land signed a 15-year lease agreement for the standalone branches, which will offer retail and wholesale online delivery channels.
This expansion will bring MerryMart closer to its goal of having 1,200 branches by 2030 and becoming one of the country’s largest household essential retail store chains.
February 20, 2023
Landers Superstore is opening new branches in the Nuvali estate in Sta. Rosa, Laguna, Arca South in Taguig City, and Vermosa in Cavite, in agreement with AyalaLand Estates.
The chairman of Southeast Asia Retail, Inc. said that these locations would allow the superstore to cater to the needs of the growing communities in these areas.
Landers Superstore aims to provide top local and international finds, perks, and exclusive services to members, delivering a convenient shopping experience.
The expansion also signals Landers’ confidence in AyalaLand Estates, a preferred partner due to its mixed-use communities that promote a symbiotic relationship among stakeholders.
Landers is already on the lookout for more opportunities, with Ayala Land remaining a possible partner. The expansion, set to open in the first half of the year, offers Landers the chance to provide for the growing needs of these communities.
April 29, 2022
Real estate giant Ayala Land Inc. is now ready to open new malls and pursue the construction of new ones as it becomes more optimistic that consumers are going out again as the economy reopens.
ALI Chairman Fernando Zobel de Ayala during the firm’s annual stockholders’ meeting noted that declining Covid cases, the ongoing vaccination booster rollout and improving indicators support recovery prospects.
“Mortgage rates have remained affordable, supported by flexible payment terms. Local consumption continues to be strong comprising close to 70 percent of the GDP,” he added.
“Also Overseas Filipino remittances and BPO revenues continue to be important than versus the economy. All these prospects provide us with optimism for the future,” Zobel said.
ALI President Bernard Vincent Dy said “I believe that all our major businesses will remain relevant post pandemic. Some will even benefit from the changes in consumer preferences.”
“While a few businesses will require a higher level of reinvention with changes that we need to implement quickly. New opportunities have also been crystallized, which we will pursue aggressively,” he added.
Dy said that, “With reduced Covid cases, high vaccination rates, and improved mobility, I am optimistic that our country is on course for resurgence and we are positioned to accelerate our V-shaped recovery.”
“Local consumption remains strong in our nation’s favorable demographics, a growing middle class, and a young working class will support growth over the medium to long term,” he noted.
Given the improving situation, Dy said ALI is now planning to open new commercial facilities with the first being the retail space at the Ayala Triangle Gardens as well as the 11,000 square meters in the phase one of Vermosa mall in Cavite.
“We have close to about 300,000 square meters of mall space under construction and we expect to open these facilities from now until 2026,” he said.
Dy said that, as of April, foot traffic in all of ALI’s malls have risen by an average of 70 percent while merchant same store sales are up 80 percent.
“So we believe that the malls business is on its way to recovery and barring any more lockdowns or surges or strict, strict mobility restrictions, we believe and we hope that the business will continue to move and hopefully reach near pre pandemic levels by the person by by Christmas season,” he said.
Meanwhile, ALI is seeing strong demand for its hotel rooms, primarily from domestic business travel, as well as domestic leisure travel.
In March, Ayala Land recorded around 45 percent occupancy in all its hotel rooms since the alert level one category for people’s restriction was imposed.
“In April, we’re seeing that continuing trend of increasing occupancy. We’re also seeing an increase in the room rates that we’re able to charge for hotels and resorts,” said Dy.
He added that, “Moving forward again, we’re very hopeful that that trend will will continue again barring any kind of lockdowns or mobility restrictions for travel restrictions. And we’re hopeful that the business will put up particularly as foreign business travel and foreign leisure travel, come back in more meaningful way in our country.”
In the office segment of its business, ALI has not seen “any kind of meaningful contraction or departure” from any of its four major tenants for business process outsourcing (BPO) firms and traditional corporates locators.
Dy said Ayala Land continues to see BPO expansions in its sites, as well as traditional space occupiers moving to newer buildings like Ayala Triangle Tower two as well as One Ayala.
“So moving forward for the year, we expected that vacancy rates will be meaningfully reduced, and therefore, our revenues for the office segment should increase in 2022 as compared to 2021,” he said.
SOURCE:
March 16, 2022
Real Estate News, Uncategorized Leave a comment
By: Doris Dumlao-Abadilla – Reporter
SOURCE: https://business.inquirer.net/343458/ayala-group-investing-p-13-6b-in-bpis-new-head-office
The Ayala group is investing about P13.6 billion to build the new head office of Bank of the Philippine Islands (BPI) along Ayala Avenue in Makati—designed to be a 45-story “iconic, elegant and green” skyscraper that will symbolize the storied conglomerate’s solid commitment to the country.
“This investment will help spur growth in the Philippine economy, spur many business activity and provide much needed employment opportunities for Filipinos,” Jaime Augusto Zobel de Ayala, chair of BPI and Ayala Corp., said during the ground-breaking ceremony for the “grade-AAA” building on Tuesday.
This real estate redevelopment project is a partnership between BPI and Ayala Land Inc. (ALI), with a respective economic interest of 51 percent and 49 percent, respectively.
The project will create 1,800 new jobs, Zobel said, referring to the manpower needed to construct the building, which will be completed in the fourth quarter of 2029 and ready for occupancy by 2030.
Redefining the skyline of the Makati central business district, the future headquarters of Southeast Asia’s oldest bank will rise on its 5,599-square meter (sq m) lot at the corner of Ayala Avenue and Paseo de Roxas at an estimated height of 224 meters. It will have a gross floor area of 89,000 sq m, of which 60,000 sq m will be leasable.
The building can accommodate about 6,500 office workers from BPI and other corporate tenants.
Zobel said this new skyscraper would “symbolize our confidence in the future and Ayala group’s contribution to building a better Philippines.” He added that this demonstrated the group’s conviction that despite the challenging times caused by the two-year COVID-19 pandemic and the conflict in Europe, “Philippines will see brighter times ahead.”
BPI president Teodoro Jose Limcaoco said the future BPI head office would become “not just as workplace but an “environment where we can all learn, we can all grow and build lasting relationships.”
Based on today’s leasing rate of about P1,500/sqm month for office space in the Makati central business district, ALI may generate about P45 million per month in recurring leasing revenues from its share of half the leasable space in the project (about 30,000 sqms), ALI president Bernard Vincent Dy said in a joint press briefing with Limcaoco.
This suggests that the project can add about P540 million in annual rental revenues to ALI, without pricing in annual rental escalation.
As the building is not registered with the Philippine Economic Zone Authority (Peza) given the moratorium in the issuance of new accreditation, Dy said the property would likely attract more multinational country head office and other locators, rather than business process outsourcing (BPO) firms. However, he said the group would seek Peza accreditation once such option was available.
The building itself will have an energy-saving, 100 percent glass facade. Located at the heart of the Makati Central Business District at the corners of Ayala Avenue, Paseo de Roxas, and Dela Rosa, the masterplan maximizes land efficiency while providing a generous civic space that seamlessly connects to Makati’s underground and elevated walkways.
At the street level, the property will have an 800-sqm civic space for the public to “stimulate progressive thinking.”
The plan was conceptualized by global design firm Skidmore, Owings & Merrill (SOM) in collaboration with the architect-of-record, Aidea Philippines Inc.
March 15, 2022
Real Estate News, Uncategorized ayala land, Real Estate News Leave a comment
SOURCE: https://business.inquirer.net/342158/ayala-land-sets-p100-b-in-projects-for-this-year
By: Doris Dumlao-Abadilla – Reporter / @philbizwatcher
Philippine Daily Inquirer / 04:30 AM March 02, 2022
Property giant Ayala Land Inc. (ALI) plans to bring to the real estate market P100 billion worth of new inventory this year, regaining the kind of expansion appetite last seen prior to the COVID-19 pandemic.
ALI posted a 40-percent growth in net profit last year to P12.2 billion, driven by higher property development and office leasing revenues. This attained 92 percent of the P13.24-billion net income that Bloomberg market consensus expected the firm to deliver for the year.
Compared to prepandemic earnings, ALI’s 2021 bottom line accounted for 37.4 percent of the P33.19-billion net profit posted in 2019.
For the fourth quarter alone, ALI’s net income reached P3.6 billion, 52 percent higher year-on-year and 54 percent higher quarter-on-quarter.
“Our focus in 2021 was to ensure we provided the right environment in our communities for our residents, businesses and institutional locators to adapt and function better while executing our business recovery plans. As the economy moves to full reopening in 2022, we look forward to the acceleration of our business activity backed by our land bank, diversified portfolio and market-leading estate developments,” said Bernard Vincent Dy, ALI president and CEO.
In an investors briefing on Tuesday, ALI chief financial officer Augusto Bengzon said the group’s capital spending this year would increase to P90 billion, rising from P64 billion last year.
Residential projects will account for 49 percent of capital outlays this year, followed by estate development which will account for 18 percent. Land acquisition will have a budgeted share of 19 percent. Mall developments will account for 5 percent, while hotel and resorts as well as offices will each have a share of 2 percent.
For the new product launches with an estimated value of P100 billion, the Alveo brand will have the biggest share at 38 percent, followed by Avida and Ayala Land Premier with 25 percent and 24 percent, respectively. In terms of location, South Luzon will have the biggest share at 43 percent, followed by Metro Manila with 33 percent.
“With the full reopening [of the economy], we see or anticipate increased demand from the renewed confidence and, as such, we are planning to launch P100 billion worth of projects,” Dy said.
Last year, ALI rolled out 22 projects valued at P75.3 billion, seven times more than the rollout in 2020 at the peak of local lockdowns.
In 2021, ALI’s revenues increased by 10 percent to P106.1 billion, as property development revenues grew by 14 percent to P75.9 billion on the back of construction progress and higher project bookings. Most of the revenue buildup commenced in the fourth quarter as it grew by 40 percent to P24.4 billion from the third quarter.
upported by relaxed quarantine restrictions in the fourth quarter, total revenues sequentially grew by 2 percent to P33.5 billion.
As an indicator of future revenue growth, sales reservations for the year reached P92.2 billion, up by 13 percent from the level in 2020. This was mainly attributed to solid demand for lots in Southern Luzon by Ayala Land Premier and Alveo.
Sales reservations from lot sales alone jumped by 36 percent to P41.5 billion during the year. In the fourth quarter, sales grew by 5-percent year-on-year to P22.1 billion. INQ
March 1, 2022
By Faye Almazan
THE real estate investment trust (REIT) of Ayala Land, AREIT Inc., posted higher full-year profit and revenues last year.
In a filing to the exchange on Monday, the company reported a 56-percent better net income of P2.27 billion in 2021.
AREIT noted the figure excludes the net fair value change in investment properties of P165 million.
Stable operations prompted the company’s full-year revenues to rise by 63 percent to P3.32 billion last year as its occupancy and rental collection rates both ended at 98 percent during the period.
Meanwhile, its full-year dividends were declared at P1.77 apiece in 2021, up 34 percent from last year and 12 percent more than its REIT plan projection.
Last year, AREIT’s total gross leasable area (GLA) stood at 549,000 square meters (sqm), while its assets under management (AUM) was at P53 billion.
In its new three-year strategy, AREIT targets to reach P60 billion in AUM this year and increase its asset portfolio at an average of 100,000 sqm in GLA in 2023 and 2024.
“The company maintains its thrust to grow and diversify its asset portfolio by sector, location and income contribution and achieve a total shareholder return range of 10 to 12 percent,” the company said.
Shares of AREIT inched up by 30 centavos or 0.61 percent to close at P49.30 each on Monday.
SOURCE:
Buyer's Guide to Ayala Land 