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ALI, Alsons to develop mixed-use Davao site

Posted on June 17, 2014 10:17:06 PM [ BusinessWorld Online ]

DAVAO CITY -- Ayala Land, Inc. (ALI) has entered into a tie-up with Alsons Development and Investment Co. to convert an 11-hectare former plywood manufacturing complex north of Davao City proper into a mixed-use development, a city official said.

Ivan C. Cortez, acting head of the Davao City Investment Promotion Center, made the announcement after the proponents presented before his agency an initial development plan.

Although he did not comment on the project details, Eric D. dela Costa, a vice-president with Alsons Property, Inc., confirmed the Ayala Land tie-up to BusinessWorld.

Mr. Cortez said the project will contain office, residential, commercial and tourism components, with the latter included because the property has a shoreline. -- Carmelito Q. Francisco   
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