Ayala Land war chest boosted by AREIT deal

February 17, 2024

Coco Midel Uncategorized , , , , Leave a comment

PROPERTY giant Ayala Land Inc. (ALI) said it intends to use the proceeds from a block sale of shares in its real estate investment trust AREIT Inc. to fund ongoing and future investments.

ALI and its wholly owned subsidiaries, AyalaLand Offices Inc. and Glensworth Development Inc., last month raised roughly P5.6 billion following the sale of 181 million common shares in AREIT at P31.10 apiece.

The property developer, in a recent filing, said proceeds would bankroll a Tarlac land acquisition, four residential projects in Metro Manila, and three office developments in Laguna, Cavite and Iloilo.

“All disbursements for such projects are intended to be distributed within one year upon receipt of the proceeds from the sale of AREIT shares,” it said.

ALI said it may develop the projects on its own or through its subsidiaries and affiliates, in which case the transfer of funding from the parent firm to the relevant unit will be done via capital infusion or shareholder financing.

SOURCE: https://www.manilatimes.net/2024/02/10/business/corporate-news/ayala-land-war-chest-boosted-by-areit-deal/1931895

For Real Estate Inquiries:
COCO MIDEL
REBL 0005279
+639175029252

Ayala Land earmarks P13B for renovation of four malls

February 17, 2024

Coco Midel Uncategorized , , , , Leave a comment

MANILA,  Philippines  —Property giant Ayala Land Inc. is spending P13 billion to renovate and reinvent four of its premier shopping centers into “iconic” destinations amid increasing competition in the retail sector.

The redevelopment will take two years to complete and will involve the builder’s TriNoma shopping center in Quezon City, the Glorietta and Greenbelt malls in Makati City and Ayala Center Cebu. It enlisted the help of global design firms such as Australia’s Buchan and CAN Design Ltd. of Hong Kong for the project.

“This is the first time in our history that we will embark on renovating least four of our major flagship malls at once,” Mariana Zobel de Ayala, senior vice president and head of leasing and hospitality at Ayala Land, said during a media briefing on Thursday.

SOURCE: https://business.inquirer.net/445653/ayala-land-earmarks-p13b-for-renovation-of-four-malls

For Inquiries:
COCO MIDEL
REBL 0005279
+639175029252

Nuvali: New City

May 2, 2008

Coco Midel Nuvali (Laguna), Real Estate News , , , , , , , , , , , , , , , , , Leave a comment

Nuvali stand for new beginnings.

  • “Nova”, latin for birth of star
  • “Valley”, a place of growth and substance

Location: Canlubang, Laguna (Next area of growth – surrounded with schools and economic zones)

Here’s what the new metropolis would look like… A sneek view of Nuvali activity center…

And yes, we have started selling the super-exclusive residential subdivision here (ABRIO), and just a month ago, we have also started selling the commercial lots next to this citycenter – the commercial lots nearest the man-made lake (this is where you take the water-taxis or water-buses to get around).

If you’re interested to make a reservation, just let me know, My contact number is (+63) 917 5029252, or you can email me at coco.ayala@gmail.com or midel.jerico@ayalaland.com.ph.

City of the future. Environmentally Sustainable. City that works. City with a soul.

  • 23 commercial lots initially offered.
  • Smallest cut is 2000sqm.
  • 25,000pesos to 29,000 pesos per sqm.

COCO MIDEL

Ayala Land Premier

Mobile +63-917-50-AYALA (29252)

Email midel.jerico@ayalaland.com.ph / coco.ayala@gmail.com

*** June 25 2008 – For updated construction photos in Nuvali, click on the link below:

https://cocomidel.wordpress.com/2008/06/25/nuvali-construction-pix/