THE STILES ENTERPRISE PLAZA BANKS ON OFFICE SECTOR GROWTH MOMENTUM

Alveo Land, a subsidiary of Ayala Land Inc, one of the Philippines’ leading real estate developers, recently launched the Grade-A, LEED-certified office condominium development to anchor the 21-hectare Circuit Makati, situated in the old Sta. Ana Racetrack, with redevelopment value of PHP39 billion (USD885 million).

Find out more from Mypropertyreport.com through link below:

http://www.my-property-report.com/articles/the-stiles-enterprise-plaza-banks-on-office-sector-growth-momentum

Arca South by Ayala Land

Ayala Land puts you at the core of a visionary destination attuned with contemporary lifestyles. Accessibility remains the key advantage of ARCA South through the government’s infrastructure program of creating a direct link from the Skyway. Through the extension of the C5 and C6 highways, the district will only be a few minutes away from NAIA, Makati City, and Bonifacio Global City.

74 hectares of mixed-use development presents a quality of life with myriad opportunities for growth – green spaces, refreshing streetscapes, integrated parking, best estate practices, diverse retail options, residential developments, and an intermodal transport system.

Get to learn more news and upated from Arca South.ph through link below:

About Arca South

Ayala Land’s 9-month net income up 17% to P15.06 billion

“Our financial results continue to be positive and reflective of a buoyant real estate industry. New products introduced in our various estates in 2016 have started to contribute to our performance and are expected to help sustain our growth moving forward,” said Bernard Vincent O. Dy, ALI President and CEO.

Ayala Land, Inc. (ALI) continued to perform steadily in the past nine months of 2016, delivering a net income of P15.06 billion, a 17% increase from the P12.83 billion posted in the same period last year. Consolidated revenues reached P85.49 billion, 14% higher than the P75.05 billion it posted in 2015. Revenues from real estate increased by 15% to P80.50 billion, driven by the sustained growth of the residential and office for sale segments, and the strong performance of shopping centers.
“Our financial results continue to be positive and reflective of a buoyant real estate industry. New products introduced in our various estates in 2016 have started to contribute to our performance and are expected to help sustain our growth moving forward,” said Bernard Vincent O. Dy, ALI President and CEO.
As a leading developer of sustainable estates, ALI continues to concentrate on expanding its diverse property offerings within its current roster of 19 integrated mixed-use developments nationwide.
In Makati, ALI is developing One Ayala, a mixed-use complex with a first-of-its-kind intermodal transport hub at the corner of Ayala Avenue and EDSA. A Leadership in Energy and Environmental Design (LEED)-compliant office tower, a 300-unit condominium-for-lease tower, and a flagship 600-room Seda hotel will be built around the transport hub.
New properties were also launched at Circuit Makati, Bonifacio Global City and Arca South in Taguig City, Vertis North in Quezon City, Nuvali in Laguna, and Vermosa in Cavite.
In the Visayas, development is underway for the 17.5-hectare Gatewalk Central in Mandaue City, Cebu, while new projects are likewise being constructed at Cebu I.T. Park, Capitol Central in Bacolod, and Atria Park District in Iloilo. The company’s first eco-tourism estate, Lio in El Nido, Palawan, is also slated to open a 42-room hotel this December.
“The simultaneous development and constant enhancement of our estates provide an opportunity to unlock land values and add to economic activity in key locations in the country. We constantly work towards building an environment that enables businesses to grow and generate jobs,” Dy added.
Total revenues from property development, which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots, amounted to P52.61 billion in the past nine months of 2016, 12% higher than the P46.87 billion reported during the same period in 2015.
Sales from residential and office for sale projects reached a total of P84.32 billion during the period, 2% higher year-on-year, equivalent to an average monthly sales take-up of P9.36 billion. Ayala Land launched P49.2 billion worth of residential and office for sale projects in the past nine months of 2016.
ALI is also building up its recurring-income sources in line with plans to balance its development and leasing portfolios. The company’s commercial leasing business grew by 12% to P19.17 billion from P17.18 billion in the previous year, fueled by the simultaneous expansion of its malls, offices, and hotels and resorts portfolios.
The company recently unveiled enhancements of Tutuban Center, after it acquired majority interest in Prime Orion Philippines, Inc. (POPI) in February this year. This venture adds 50,000 square meters of gross leasable area (GLA) to ALI’s shopping center portfolio. Renovation work included the restoration of the heritage building where the original train station, built in the 1800s, first stood.
The first three quarters of 2016 likewise saw ALI launching Ayala Malls Legazpi, its first shopping center in the Bicol region. Meanwhile, the enhanced performance of malls such as U.P. Town Center in Quezon City and Ayala Malls Solenad in Nuvali, increased revenues from shopping centers by 15% to P10.59 billion from P9.24 billion generated in the same period in 2015. GLA from shopping centers is currently at 1.57 million square meters.
Resulting from the growing demand for office spaces, ALI’s office leasing portfolio also remains strong, generating revenues of P4.01 billion, 10% higher than the P3.63 billion posted in the same period last year. This was due to the higher average rental rates in existing office buildings and the positive contribution of new developments, such as Bonifacio Stopover and BGC Corporate Center in Taguig City. The company’s offices GLA is currently at 753,000 square meters.
ALI’s hotels and resorts business is likewise at a steady growth momentum. Revenues in the first three quarters of 2016 increased by 6% to P4.57 billion from the P4.31 billion generated in the previous year, driven by the improved revenue-per-available-room (REVPAR) of existing hotels and resorts developments. Total rooms registered at 1,991 across ALI’s international-branded hotels, Seda hotels, and El Nido Resorts.
To date, the company’s capital expenditure is at P63.9 billion, of which 40% and 27% were spent in completing residential and commercial leasing projects, respectively. ALI posted a solid balance sheet position in the past nine months of 2016, providing adequate capacity for the company to support its growth plans for year and beyond.

 

Read More: http://www.ayalaland.com.ph/2016/11/08/ayala-lands-9-month-net-income-17-p15-06-billion/

Ayala Land’s Net Profit Rises on Established Projects

“Ayala Land attributes profit growth to the continued expansion of its large mixed-use estates in key growth areas nationwide.”

ayala-land-wiki-carousel_a37fb247ecf9479ebbd2d0d2a4b7312d_09a74ffbe28d4c24b5d0a1c74a0be48d

GROWING. Ayala Land’s business plan aims to boost the property giant’s net income to P40 billion by 2020

MANILA, Philippines – Ayala Land Incorporated saw its first half net income rise by 16% to P9.74 billion,  the property giant said in a disclosure to the Philippine Stock Exchange (PSE).

Ayala Land said its first half net income reached P9.74 billion, compared to P8.39 billion posted in the same period last year.

Its consolidated revenues in the first 6 months of the year grew by 8% to P54.76 billion from P50.61 billion in the same period last year.

Its core businesses, such as property development, commercial leasing, and services, went up by 8% to P51.45 billion in the first half of the year.

Ayala Land said the growth was propelled by the continued expansion of its large mixed-use estates in key growth areas nationwide.

“Our established estates drove our performance, alongside increasing contributions from similar mixed-use developments that we’ve launched over the last five years,” Ayala Land President and CEO Bernard Vincent Dy said in the disclosure.

“In the first half of 2016, we also introduced new residential products, opened new malls and offices, and broke ground on additional leasable assets in line with our objective of balancing our development and recurring income portfolio,” Dy added.

During the first half of the year, Ayala Land launched two huge mixed-use developments – the 17.5-hectare Gatewalk Central in Mandaue City, and the P19-billion transport-oriented development in the Makati central business district.

The property firm also launched residential projects such as Ayala Land Premier’s Park Central Towers, Alveo’s Callisto, and Avida’s One Antonio, all located in Makati City.

To boost its leasing business, it opened Ayala Malls Legazpi in Bicol and a new phase at UP Town Center.

The company also completed BPO offices at UP-Ayala Land Technohub and UP Town Center.

At the newly-launched Gatewalk Central, Ayala Land will build a mall with an estimated gross leasable area of 115,000 square meters, and a BPO office with an estimated 20,000-sqm gross leasable area.

The company’s hotels and resorts portfolio continues to grow with 11 Seda hotels currently being built in key locations across the country.

To further position the Philippines as a premiere tourist destination and drive economic progress in Western Visayas, Ayala Land has also begun developing its second masterplanned eco-tourism estate in Sicogon Island, Iloilo.

The company is also currently developing Circuit Makati, Arca South in Taguig, Vertis North and Cloverleaf in Quezon City, Vermosa in Cavite, Altaraza in Bulacan, Alviera in Pampanga, Atria Park District in Iloilo City, and Capitol Central in Bacolod City. – Rappler.com

Read More: http://www.rappler.com/business/industries/real-estate/141701-ayala-land-net-income-2016

 

Ayala to start building ITS-South terminal by September

Ayala Land’s group signs 35-year concession agreement to build and operate Integrated Transport System South Terminal

ITS
INTEGRATED HUB. It was in November when Ayala bagged the project, after offering a lower annual grantor payment than rival Filinvest Land. Image from Department of Transportation and Communications

MANILA, Philippines — The group of Ayala Land, Incorporated will start the construction of an integrated transport hub near the Food Terminal Incorporated in Taguig City by September 2016.

This was after its unit Arca South Integrated Terminal, Incorporated on Tuesday, January 26, signed the 35-year concession agreement for the P4-billion ($83.35-million) Integrated Transport System (ITS) South Terminal deal with the transportation department.

“With the South ITS connecting different modes of transportation and services, we can guarantee the public more efficient and seamless transfers,” Transportation Secretary Joseph Emilio Abaya said in a statement.

“It will also improve traffic flow and reduce congestion in Metro Manila, as it will serve as a transfer point for provincial buses entering the metropolis,” Abaya added.

The Ayala group bagged the project in November, after offering a lower annual grantor payment than rival Filinvest Land, Incorporated.

Annual grantor payment is a fee the government will pay the winning concessionaire.

Being a public-private partnership (PPP) project, private sector efficiency can be expected once the hub is fully operational.

ITS South terminal is one of the intermodal facilities that will be the end-point for over 2,000 provincial buses currently entering Metro Manila daily, effectively decongesting main thoroughfares.

The transportation department said this is seen to bring convenient in-city public transport transfers, as railway lines, city buses, taxis, and other public utility vehicles servicing inner Metro Manila will be made available.

The terminal will be situated in a 5.7-hectare plot of land in the FTI compound along South Luzon Expressway, and will be connected to the North-South Railway Project. — Rappler.com

$1=P47.99

http://www.rappler.com/business/industries/208-infrastructure/120328-its-south-ayala-concession-signing

DOTC, ALI ink concession deal on ITS-South Terminal project

Transportation and Communications Secretary Joseph Abaya said in a text message the signing of the contract is scheduled today.

ALI was declared the winning bidder for the project after it submitted the offer with the lowest annual grantor payment (AGP) of P277.8 million during the bidding held in August.

AGP is the payment to be made by the government to the concessionaire for the project. When AGP offers are made, the firm with the lowest bid wins.

The original cost of the project is P4 billion.

As winning bidder for the ITS – South Terminal Project, ALI will be responsible for the design, construction and financing of the terminal within a 5.57-hectare land along the Food Terminal Inc. Compound in Taguig City.

ALI will also handle the operations and maintenance of the terminal during the 35-year cooperation period for the project.

arca south
Site of the future South Intermodal Transport System (ITS) inside Ayala Land’s ARCA SOUTH

The project will have passenger terminal buildings, arrival and departure bays, public information systems, ticketing and baggage handling facilities, and park-ride facilities.

The construction of the facility is set to commence in August and be completed in January 2018.

Operations at the terminal meanwhile, are expected to be in full swing by February 2018.

Through the facility, passengers from the Laguna or Batangas area would be linked to other transport systems such as the future North-South Commuter Railway project (currently the Philippine National Railways), city bus, taxi, and other public utility vehicles that are serving inner Metro Manila.

Last year, the DOTC awarded the ITS-Southwest Terminal PPP Project to MWM Terminals, a consortium of Megawide Construction Corp. and WM Property Management Inc.

Launched in 2010, the PPP program is being implemented to address the country’s infrastructure needs, deliver public services, and create jobs.

By Louella Desiderio

http://m.philstar.com/315469/show/4d98e67069b3c21a310aba2ebf3e97cb/