Posted by: Icel Dy | October 24, 2009

Ayala Land inks pact with SBMA for P3-billion Project

Ayala Land inks pack with SBMA for P3-billion project
By subictimes.com

SUBIC BAY Freeport: all is set for Ayala Land Inc. to develop a 7.5 hectare prime land in Subic after officials of Subic Bay Metropolitan Authority and Ayala Land signed an agreement that would pave the way for the P3 billion project in Subic.

Ayala Land Inc. has signed a 50 year deal with SBMA for the development of a prime lot located along the Rizal Highway, the lot is located between the main gates of the Freeport.


The project is expected to generate some 10,000 new jobs from the start of its construction.


Ayala Land Inc. would build a shopping mall complemented by a business process outsourcing office building and hotel.


“The company’s development will be a catalyst for growth in the Subic-Olongapo corridor and will be a major mixed-use project in the Subic Freeport Zone that is well-planned, integrated and environmentally sustainable,” Ayala Land inc. deputy compliance officer Alfonso Javier Reyes was quoted saying in recent reports.


The proposed mall will offer basic goods seeking to address the everyday needs of Subic and Olongapo as well as unique concepts that will also serve tourists and transients, Reyes added.


This development is company’s first foray into Subic Bay Freeport itself, although it has an investment in leisure estate Anvaya Cove in nearby Morong, Bataan which was introduced in 2005.


Presently, the lot which will be developed by Ayala Land Inc. is being occupied by several restaurants, food chain, the Freeport Service Corporation, Landbank, a gas station, the night market, a gym and Comteq Computer College.

Anvaya Cove logo

To know more about Ayala Land Premier’s Leisure Estate – ANVAYA COVE, send an SMS to 0917-88-AYALA(29252) or send an email to icel.dy@gmail.com

stones at pool

Tower bar at nightbeach umbrellas


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