Ayala Land sets P100-B in projects for this year

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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.

Capital spending hike

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.

Rising revenues

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

Ayala + Generika News

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Ayala group buys 50% of drugstore chain Generika
By: Doris Dumlao-Abadilla

THE AYALA group has entered the affordable pharmaceutical retailing business with the acquisition of a 50 percent stake in the Generika group, one of the pioneers in the distribution of quality generic medicines.
Ayala Healthcare Holdings Inc., a wholly owned subsidiary of Ayala Corporation, signed agreements on Thursday to buy a 50 percent stake in the Generika group – which has a 500-store drugstore network nationwide – from the family of Julien Bello.
Generika co-founder Teodoro Ferrer and his group will continue to hold the remaining 50 percent ownership in Generika and continue to serve as the president and chief executive officer of the group.

“We are excited to be part of Generika and help address the gaps in affordable retail healthcare. We believe this is an excellent platform for Ayala to reinvent the space and serve as foundation for our emerging healthcare portfolio,” Ayala president and chief operating officer Fernando Zobel de Ayala said in a statement on Thursday morning.

“With the combined strengths and management capabilities of Ayala and Generika, we believe we can raise the level of efficiency and accessibility of this platform to better serve Filipino families by providing a wide range of quality medicines at affordable prices,” Zobel added.

“On behalf of Generika, we wholeheartedly welcome the entry of Ayala Healthcare. We are especially excited by the enhanced capability to have a meaningful impact on the health and lives of many more communities all over the country,” Ferrer said.

The Ayala group started its footprint in the healthcare sector in 2014 through QualiMed, Ayala Land Inc.’s chain of hospitals and satellite clinics, in partnership with the Mercado medical group.

Mabuhay Capital served as financial advisor to the group of Bello in its transaction with Ayala Healthcare.

Read more: http://business.inquirer.net/195377/ayala-group-buys-50-of-drugstore-chain-generika#ixzz3gVskYTuU
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PSE in BGC News

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PSE buys P805M worth of office space in Taguig
by James Loyola
May 19, 2015 (updated)

PSE logoThe Philippine Stock Exchange (PSE) is buying condominium units worth P805.37 million from Fort Bonifacio Development Corporation (FBDC) to house the bourse’s unified offices.

In brief disclosure to the Securities and Exchange Commission (SEC), PSE corporate information officer Aissa Encarnacion said the PSE has already signed a contract to sell with FBDC for the purchase of the condominium units.

The PSE said earlier that it has budgeted about P1 billion as its contribution for the construction of a grade “AAA” 23-story building that will become its unified headquarters in Bonifacio Global City.

While the whole building will cost around P3 billion to construct, the PSE will shoulder only about a third of it. Likewise part of the PSE’s contribution is the land donated by FBDC that will be the site of the building.

The PSE was given a lot at the premium block One Bonifacio High Street (BHS) at the core of BGC’s future central business district under a revised deal with Ayala Land Inc.

The office space was in exchange for the 2,000-square meter parcel of land originally donated to the PSE by FBDC as the site for its future headquarters more than a decade ago.

ALI officials said the upcoming office tower would have 29,000 square meters in leasable space, of which 19,900 sqm would be allocated to the PSE and its active brokers. The remainder will be leased out.

The unified trading floor will have about 2,000 sqm in space. The upcoming PSE headquarters would be similar to the IFC complex in Hong Kong.

The stock exchange used to operate two trading floors—one at Tower One on Ayala Avenue in Makati City, and another at Tektite building in the Ortigas district. It has put up for sale its office property in Ortigas and centralized corporate headquarters in Makati.

SOURCE: http://www.mb.com.ph/pse-buys-p805m-worth-of-office-space-in-taguig/#X6ZxFHZ63qXCligo.99

Art Fair Phils 2015

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Makati hosts Art Fair Philippines 2015

(The Philippine Star) | Updated February 2, 2015 – 12:00am
SOURCE LINK:
http://www.philstar.com/arts-and-culture/2015/02/02/1418734/makati-hosts-art-fair-philippines-2015

MANILA, Philippines – Makati will once again host the much-anticipated Art Fair Philippines, organized by Philippine Art Events Inc. To make this year’s fair more exciting and to encourage participation from the international community, the Art Fair welcomes artists from other Southeast Asian countries to join the exhibition.

Spaces for 33 galleries, eight of them based outside the Philippines, will spread out over two levels. The Art Fair tapped Kenneth Cobonpue and his team to help design the layout of the exhibition space. Food and drinks will be available through partners Kai Restaurant, The Straits Wine Company, and Coca Cola.

Art Fair Philippines is just one of the many projects of Makati promoting the best of Filipino talent. Each year, the Leader City tries to outdo itself, always creating projects that are bigger, bolder and faster.

Many will agree that Makati is a top urban destination, a prime model in terms of highly developed cities in the Philippines. Its cosmopolitan and international appeal continue to attract international companies, expats and tourists alike.

Makati keeps on providing avenues for connection and participation. New developments are always on the rise in the real estate, hospitality, and food and beverage industries. Surely, there are more opportunities for business and pleasure in Makati than ever.

A large part of Makati’s success can be attributed to Ayala Land’s leadership and continuous investment in the city. This unparalleled partnership has helped Makati become the country’s preferred lifestyle destination. Ayala Center, for instance, is home to international and business hotels, museums and art galleries, themed restaurants including some of the best fine dining establishments in the country, award-winning malls, among others.

Enticing more visitors, Makati has partnered with MasterCard for its Priceless Makati Staycation promo. It offers clients the chance to stay in one of the four finest iconic global hotel brands namely Raffles Makati, Fairmont Makati, InterContinental Manila, and Holiday Inn & Suites Makati. Those availing of the promo this February can get two complimentary tickets to the Art Fair.

Art Fair Philippines is co-presented by Ayala Corporation, Ayala Land Premier, Alveo, Bank of the Philippine Islands, Globe Telecom, Volkswagen, and Bench.

Media partners are The Philippine STAR, Summit Media, and Pipeline.

For information, visit http://www.artfairphilippines.com and http://www.facebook.com/artfairph. Contactsecretariat@artfairphilippines.com or irene@artfairphilippines.com at (632) 831-0953.

Tickets are available at the reception area located at the sixth floor of The Link.

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BSP quashes property asset bubble fears

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BSP quashes property asset bubble fears

SDA fund release won’t fuel speculation, says exec

By Doris C. Dumlao
Philippine Daily Inquirer
| October 10, 2013 at 2:57 am

Condo buildings under construction across from the Ninoy Aquino International Airport Terminal 3 in Pasay City; photo taken on Feb. 9 2013. The Bangko Sentral ng Pilipinas said it sees “no definitive evidence” of an asset price bubble in the Philippine property market, citing strong economic fundamentals and improved monetary conditions supporting actual demand for real estate. PHOTO BY RICK ALBERTOThe Bangko Sentral ng Pilipinas sees “no definitive evidence” of an asset price bubble in the Philippine property market, citing strong economic fundamentals and improved monetary conditions supporting actual demand for real estate.

 

In a forum organized by The Asset Magazine and Banco de Oro Unibank, property experts, including developers and a global real estate advisory firm, echoed the central bank’s sentiments, citing healthy demand in the residential, retail and office segments alongside improving demand for industrial and tourism-oriented property.

According to BSP Deputy Governor Diwa Guinigundo, the property upswing in the country was “fundamentally supported,” citing the big backlog of housing demand from end-users, rising trade activities and the business process outsourcing industry which, in turn, helped boost demand for office and commercial space.

And now that the Philippines has secured an investment grade from all major international ratings agencies, demand for local office and commercial space will continue to grow in the next few years, Guinigundo told those who attended the forum.

Specifically, he said, growth in rental rate has been benign, especially in the office space market.

Also, across the region, there is still a potential for a “re-rating “of prices given that real property prices are still one of the cheapest in Asia.

In terms of real estate financing, he added, the levels are lower than that seen before 1997. And although loans have been growing by double-digit rates, loans to other sectors have been on the rise as well.

Guinigundo said government spending—which also helped boost the country’s economic growth rate to 7.5 percent in the first half—was likewise driving construction activities.

The monetary official is not worried about speculative activity in the property market and the release of over P1 trillion from the BSP’s special deposit accounts.

“The profile of lenders to the BSP, through SDA, is quite different from those going to the real estate market. In the first place, not everyone going to real estate is a speculator. Some of these are investments, some are from end-users buying their first home. Not every single demand going to real estate is speculative,” Guinigundo told reporters after his speech.

“While it is true that you’ll be releasing more than a trillion pesos in SDAs, and 30 percent of that actually went out at the end of July and the rest [will go out] by end-November, I think the numbers will indicate that most of them actually come back to the BSP, this time as bank (placements in) SDA. In other words, there’s a return to the SDA facility of the BSP, in which case, we’re able to mop up the excess liquidity.”

On the other hand, he said, those going to other instruments like peso time and savings deposits could be lent out to fund other economic activities.

“This is consistent with our objective: We want to push out funds that can help deepen and develop the capital markets,” he explained.

SOURCE:

http://wordpress.com/my-blogs/

***

If you are interested to know more about Ayala Land Premier properties, contact me at 0917-5029252 or email coco.ayala@gmail.com.

 

Nuvali: New City

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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/