Ayala Land sets P100-B capex in 2024 as property outlook remains rosy

MANILA – Ayala Land, Inc. (ALI) has set PHP100 billion in capital expenditure (capex) this year as its outlook in the property sector remains rosy, especially in the high-end market.

In a press briefing Tuesday, ALI chief finance officer Augusto Bengzon said 34 percent of this year’s capex would be spent on residential projects, 24 percent for estate development, 19 percent for land acquisition, 10 percent for malls, 8 percent for offices, and 5 percent hotels and resorts.

This year’s capex is 16 percent higher than ALI’s actual spending in 2023 at PHP86.2 billion, which exceeded the allotted capex for that year at PHP85 billion.

ALI will also launch a PHP115 billion property development in 2024, PHP100 billion of which are residential projects and PHP15 billion are new commercial and industrial projects.

Bengzon said that of the PHP100-billion residential launches this 2024, 80 percent are in the premium segment and 20 percent are core.

“I think we’re launching more and more every year. I think it’s just that this mix of launches favoring the premium is more reflective of market opportunities,” ALI president and chief executive officer Anna Ma. Margarita Dy said.

“It’s really reflective of how different segments of the market that have been affected by the pandemic and the increase in interest rates,” Dy added.

She added that the middle-income segment, which is heavily reliant on mortgage in acquiring housing units, is also more vulnerable to inflation and higher interest rates.

“It’s usually the middle market that I guess is more vulnerable to these changes and the premium segment is a little bit more resilient. That changes the behavior. And we’re just making sure that we are addressing the market that we feel is the most robust,” Dy said.

ALI remains ready to change the mix once the company sees that the middle-income segment has bounced back, Dy said.

“So we’re hoping, in our internal plans, maybe in three years time, we will be seeing our core come back. And if it’s sooner than that, we will be ready,” she added.

Most of these residential projects are horizontal development at 52 percent and the 48 percent are vertical residential projects.

In terms of locations, 44 percent of ALI’s residential launches will be in Metro Manila, 38 percent in South Luzon, 7 percent in Central Luzon, and 11 percent in Visayas and Mindanao. (By Kris Crismundo– PNA)

SOURCE: https://www.pna.gov.ph/articles/1219233

Ayala Lane Estates Price Then and Now

Ayala Land war chest boosted by AREIT deal

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

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Ayala Land earmarks P13B for renovation of four malls

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

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Ayala Land congratulates Olympic Pole Vaulter EJ Obiena after being recognized as ‘Athlete of the Year’

Ayala Land, Inc., the Philippines’ leading and largest full-line property developer, congratulates EJ Obiena, the country’s esteemed Olympic gold medalist in pole vaulting, who was recently honored with the title of “Athlete of the Year” by the San Miguel Corporation-Philippine Sportswriters Association (PSA).

The 28-year-old pole vaulter, hailing from Tondo, Manila, achieved remarkable success by clinching gold medals in three international competitions. He also became the first Filipino athlete to join the exclusive “ultra-elite” 6.00-meter club in pole vault this year.

His exceptional achievements throughout 2023 earned him the exclusive distinction of being named the sole recipient of the Athlete of the Year award.

Obiena serves as an ambassador for Vermosa, one of Ayala Land’s estates, and utilizes the Ayala Vermosa Sports Hub (AVSH) as his designated training facility whenever he is in the country. AVSH strives to provide a comprehensive training facility for both amateur and professional athletes, offering a credible and secure environment for them to develop and refine their skills.

In February last year, ALI committed to back Obiena’s pursuit of the Olympics. Obiena also resides at The CityFlats whenever he is in Metro Manila. The CityFlats is a co-living space provided by ALI. It addresses the needs of young professionals and transient workers who desire independent and convenient living through a distinctive co-living experience. It offers a perfect blend of privacy with social interaction in a prime location.

SOURCE LINK : https://tribune.net.ph/2024/01/ayala-land-congratulates-olympic-pole-vaulter-ej-obiena-after-being-recognized-as-athlete-of-the-year/

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Ayala Land signs P15-B loan deal with Metrobank

LISTED Philippine property developer Ayala Land, Inc. has signed a 10-year loan deal with Metropolitan Bank & Trust Co. (Metrobank) worth P15 billion as part of its fund-raising activity.

The loan would be used to partially fund capital expenditure requirements and debt refinancing, Ayala Land said in a statement at the weekend.

Metrobank has been helping the real estate company grow over the years, Ayala Land President and Chief Executive Officer Anna Ma. Margarita B. Dy said in the statement.

“This substantial financing facility from Metrobank has played a pivotal role in fueling ALI’s remarkable growth trajectory,” it said. “Since 2008, the Metrobank group has been very supportive in facilitating fund-raising activities amounting to an impressive P200 billion.”

With the loan, Metrobank is now the second largest lender to the Ayala Land group, accounting for 23% of the property company’s bank debt, it said.

SOURCE LINK : https://www.bworldonline.com/corporate/2024/01/08/567307/ayala-land-signs-p15-b-loan-deal-with-metrobank/#google_vignette

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Ayala Land Estates, Ayala Malls present Holiday at Play

AYALA Land Estates and Ayala Malls paint the town in different shades of fun this holiday season with their highly anticipated Christmas attraction: Holiday at Play in Vermosa.

In the rising suburbs of the Metro South, Ayala Malls and Vermosa aim to delight families with a brilliant display of lights, music and interactive installations.

In the same way that Ayala Malls and Ayala Land Estates have strived to introduce new and innovative experiences through the years, they now present a cutting-edge destination that embodies the values of sustainable living and promoting well-being. Experience the Holiday at Play at the Ayala Malls Vermosa Central Garden, which features dynamic zones that seamlessly blend in lights and music.

SOURCE LINK : https://www.manilatimes.net/2024/01/01/public-square/ayala-land-estates-ayala-malls-present-holiday-at-play/1926284

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Ayala Land SVP unloads P8.3 million shares amid record surge

A top executive of Ayala Land Inc. took advantage of the stock’s recent hot streak to raise cash ahead of Christmas.

ALI senior vice president Dante Abando sold a total of 252,000 shares at a price range of P32.80 to P33.95 from December 14 to 18.

ALI closed at P34.10 on December 23, its highest since April 22.
Despite the sale, Abando still retains 7.292 million shares valued at P248 million.

SOURCE LINK : https://bilyonaryo.com/2023/12/26/ayala-land-svp-unloads-p8-3-million-shares-amid-record-surge/property/

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Evolving business and commerce in the South at Ayala Land’s Evo City

The suburbs in the South of Metro Manila are increasingly becoming a preferred location for Filipino families desiring the traditional values of safe and secure yet unrestrained home living. Along with this comes the growth of the local economy, as more and more establishments are increasingly required to support the daily needs of these citizens.

Given this evolving business and commerce scene, Ayala Land―the country’s largest full-line real estate developer known for creating master planned townships and estates―has brought its expertise to the South and created a pioneering central business district (CBD) to serve as an anchor for progress in the area.

Evo City is a sprawling 200-hectare CBD situated in Kawit, Cavite that enjoys linkages with vital road infrastructure such as the Manila-Cavite Expressway (CAVITEX) and the Ninoy Aquino International Airport Expressway (NAIAX). Providing its inhabitants unparalleled connectivity and synergy with other CBDs and city centers in the National Capital Region.

For instance, the NAIA is less than an hour away, while the traditional CBDs of Makati and Bonifacio Global City (BGC) are also less than an hour away. Meanwhile, the Parañaque Integrated Terminal Exchange (PITX) caters to commuters between Cavite and Metro Manila.

SOURCE LINK : https://manilastandard.net/spotlight/314400173/evolving-business-and-commerce-in-the-south-at-ayala-lands-evo-city.html

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New asset injection to benefit AREIT

Last November, AREIT announced plans to acquire another P30 billion in assets, including Ayala Triangle Tower 2, Greenbelt Mall 3 and 5, Holiday Inn and Suites Makati, SEDA Ayala Center Cebu and SEDA Lio in El Nido from Ayala Land and an industrial land in Zambales from AC Energy. The acquisition is expected to be completed in the third quarter of next year.

Following the announcement, shares of AREIT fell by as much as 16 percent from its November peak. We think the market’s negative reaction was unwarranted for numerous reasons.

The acquisition of P30 billion worth of assets will grow AREIT’s asset portfolio by another 34.5 percent from P87 billion to P117 billion. This will cement its position as the country’s biggest real estate investment trust (REIT). After AREIT, the next biggest REIT is RL Commercial REIT, which has an asset portfolio of around P74 billion.

SOURCE LINK : https://business.inquirer.net/437575/new-asset-injection-to-benefit-areit

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