Published on 06 May 2013 [ manilatimes.net
]
Written by MADELAINE B. MIRAFLOR REPORTER
Property
giant Ayala Land Inc. (ALI) is currently firming up partnerships with different
local companies, as it plans to magnify its presence in the tourism and
business process outsourcing (BPO) industries.
ALI is
currently in partnership with other property developers such as Boulevard
Holdings Inc. (BHI), Aboitiz Land Inc. and the Alcantara Group.
Antonino
Aquino, president and chief executive officer of ALI, specified that the
company is in active discussion with these three property
firms regarding tourism and BPO-related projects.
In its
partnership with Aboitiz Land, Aquino said that the company plans to jointly
acquire a property with the firm to put up a mixed use development in the area,
which will be more of a business district than a leisure development.
“Effectively,
we would like this to be the third major business district-oriented type of
development or more of a city-district type of development,” he said, adding
that the plan is to develop more of a Cebu IT park or Cebu Business Park.
He also said
that while the company has not determined how many hectares this development
would need, this will surely be similar to what was done in projects in Cebu.
Meanwhile,
the developer intends to strengthen its presence in the tourism sector with its
partnership with the Alcantara Group.
Alcantara
Group and Investment Co. (Aldevinco), an investment holding company of the
group and one of the leading property developers in Davao City, recently signed
a joint venture agreement with ALI for the development of a 25-hectare
integrated and mixed-use development community in Lanang District, Davao City.
“It’s more of
a leisure type of development. We like the tourism side. With the success we
had in any of it will be a replication. That’s exactly what we’re doing,”
Aquino said.
“We’ve had a
lot of recent announcements starting with Alcantara,” he added.
As for its
partnership with BHI, a publicly listed hotel and resorts developer, Aquino
said that ALI has an agreement with the firm to talk, and come around with the
various required studies they have to do prior to actual due diligence work.
“It will take
about four months to be able to complete the actual due diligence,” he said.
Assets that
will be determined in the due diligence process are BHI’s property in Ternate,
Cavite, and Puerto Azul.
“We are
always talking about leisure type of community exactly similar to what we had
in Anvaya, something similar to what we will be doing in El Nido. The concept
is to come around with those kinds of leisure-type of communities,” Aquino
added.
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