05/11/2012 [ tribune.net.ph ]
Ayala Land Inc. is aiming to be cautious yet aggressive in its launches this year, targeting to expand its business in new areas close to tollroads and light rail systems rather than expand existing project developments.
ALI CFO Jaime Ysmael said the company is definitely interested in the eastern area of Mega Metro Manila and in the North as they have concentrated initially in Metro Manila and the South.
“We don’t have presence (in Rizal) and high concentration of middle income market which can accommodate some of our products. (Meanwhile), Cavite to us is a big market. We are interested in the main line Cavite,” he said.
In the north, the 60-hectare Plastic City in Valenzuela is also an interest. Ysmael noted that the Valenzuela-Bulacan area has a lot of spending power as it is an industrial area and there has been a lot of economic activity in the there.
“There’s people requiring housing, and Ayala has been absent in that area. The desire is to close it as soon as possible, it really depends on the negotiation,” he said.
For the company’s interest in the North, Ysmael said they are studying areas in Clark to identify which portions they can actually play as he noted that the area has always been interesting to them but the only problem is it is on a leasehold basis.
“That’s why it is hard to develop residential. It is hard to make it work on a residential point of view,” he said.
However, developments like office and mall, airport, logistics, technoparks may be acceptable to some of locators in Clark.
“Being a hub, it will open a lot of opportunities,” he said.
He added that the entire tollway, the Subic-Clark-Tarlac Expressway, is an area where they would like to take advantage of all infrastructure projects.
For the southern part of Metro Manila, ALI is currently constructing a mall with 20,000 to 30,000 sqm and a BPO complex with 10,000 sqm at the end of Daang Hari and Aquinaldo highway which should be completed towards the end of next year. Ysmael added that they are interested in additional place in the area.
Danessa O. Rivera
In the first quarter of 2012, ALI posted a 31 percent growth in net income to P2.13 billion from P1.62 billion posted in the same period last year on the back of the strong performance of all of the its major business lines.
Ysmael noted that they see the company’s performance in the first quarter of the year to trend for the rest of the year, adding that they are in more geographic locations in the country while remaining cautious yet aggressive in terms of launches.