Ayala Land wins bid to acquire FTI property

August 14, 2012 - Ayala Land, Inc. (ALI) today won the bid for the 74-hectare Food Terminal Inc. (FTI) property, one of the last remaining large parcels of land in Metro Manila that is ready for immediate development.

Given its proximity to C5, SLEX, and the Skyway, ALI will transform this property into another business district and bring all its product lines into the development. This will add to the company's increasing portfolio of business districts, which include Makati, Bonifacio Global City (BGC), Vertis North in Quezon City, and Cebu Park District.

"The property will be the southern gateway into Metro Manila, similar to our Vertis North, our northern gateway development," said ALI Chief Finance Officer Jaime E. Ysmael in a disclosure letter. "With these two developments, we are now well-positioned to capitalize on the development opportunities of these two growth centers, supplemented by the government's planned intermodal transport system. Just as we envision Vertis North to be the first transit-oriented CBD in the north, FTI will serve the same purpose for the south."

Ysmael said the property was acquired at a significant discount to land values in Makati and BGC, which have continued to appreciate over time with the Company's thoughtful masterplanning and continuous development.

homes in philippines

Comments

Types Of Apartments In The Philippines

There are several types of apartments available in the Philippine market today. Some of the most popular the studio type apartments and the one-bedroom apartments. So what makes these types of apartment popular for many Filipinos? Aside from condominiums and townhouses, apartments have also been one of the most popular highly in demand type of residential Real estate Philippines . Part of what made it popular is because of its affordability compared to other forms of housing. Although condominiums have recently become very popular among many Filipinos, from the wealthy to the middle class, apartments are still in demand because of its efficiency. There are several types of apartments available in the Philippine market today. Some of the most popular the studio type apartments and the one-bedroom apartments. So what makes these types of apartment popular for many Filipinos? Studio type apartments The studio type apartments is one of the most popular types of apartments in the Philippine...

Home Inspection Checklist: Things to Inspect Before Moving In

Moving into your new home is one of the most exciting days a homeowner can have. It can even be an overwhelming experience sometimes. But did you know that real estate experts advise inspecting your soon-to-be-home before you move in? Regardless of the property you chose, be it in Ayala Cebu or any real estate in the Philippines, homeowners should and must consider home inspection. To give you an idea, we list down some things you should inspect and double check. Foundation Checking whether the foundation of the house is durable or not, is not that hard as you think it is. All you have to do is make sure that the base of the walls and the ceilings in each room do not have any cracks or holes. But if you are not sure about it, you need to seek help from the experts to check and fix any particular problem. It is in this way where you can ensure you are safe in times of earthquakes and other natural disasters. Lot Inspecting the lot is as important as the others. Che...

Startup Diaries: Entrepreneurs Share Their Biggest Mistakes in Managing Their Company

Photo by Annie Spratt Mistakes are part of everyone's journey. You wouldn't be successful in what you do if you didn't have the opportunity to commit a few errors along the way. The same goes for managing a company. It's essential for an entrepreneur to go left or steer toward the wrong decision. Whether the business is on a lease term, in their creators' backyard, an abandoned warehouse or an office space for rent BGC , it doesn't matter. An enterprise's journey always shoots up and down. If you're a budding entrepreneur or someone who dreams of having a business, you can learn a thing or two from the mistakes and misfortunes of others. You'll find that the experiences and struggles of those ahead of you can provide wisdom useful in managing your business and your life. In this first edition of Startup Diaries , you'll find a few successful and not-so-successful entrepreneurs share their encounters on starting a business and the mistake...

Real Estate: Properties

Search This Blog