MANILA, Philippines - Ayala Land is
investing P60 billion in the next five years for developments in six zones.
These include new developments in the
Ayala Triangle Gardens, Makati Central Business District (MCBD), Makati north,
Makati south and Sta. Ana.
“There is a clamor for a progressive
city like Makati. A progressive city is where you will find the most efficient
pedestrian and infrastructure system and responsive local government service,”
said Ayala Land president and CEO Antonio Aquino during the launch of the “Make
it Happen, Make it Makati” campaign yesterday.
The developments include the
construction of hotels, residential buildings and business process outsourcing
(BPO) buildings in the Glorietta area. These include an additional four levels
of retail space in Glorietta 1 and 2, and two new BPO buildings that would
complement the BPO spaces in Glorietta 5.
Also to rise in the area are the new
Park Terraces, Raffles Residence, Holiday Inn and Fairmont Hotel.
Ayala Land is pouring in P20 billion
of the total investments to the development of an entertainment complex in Sta.
Ana.
The entertainment complex will be
built on the 20-hectare land where the former Sta. Ana Race Track was located.
Construction in the property will begin on the second half of the year.
The Makati Commercial Estate
Association Inc. (MACEA), which is composed of 386 members, will invest P1
billion to roll out articulated buses that will traverse EDSA Ayala, Ayala
Avenue, Buendia and Taft.
MACEA president David Balangue said
there is still no time table for the project because permits ate still being
obtained from the Department of Transportation and Communication (DOTC).
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