By Louise Maureen Simeon (The
Philippine Star) | Updated August 20, 2015 - 12:00am
MANILA, Philippines - Nuvali, Ayala
Land Inc.’s bustling eco-city in Calamba, Laguna, is seeking to become
Calabarzon’s regional growth center as it lays out further expansion in the
next five years.
Accounting for 20 percent of ALI’s
revenues since 2009 and 15 percent of the parent firm’s net asset value, Nuvali
is building up its leasing assets, focusing primarily on office spaces worth
P12.5 billion, doubling its size from 31,000 square meters (sqm) to 60,000 sqm
as part of its five-year plan.
“One of the company’s major targets
for the coming years is to build or locate offices in its mixed-use green urban
district. With this, the eco-city is providing potential business locators two
types of office formats,” Nuvali general manager John Estacio said.
Nuvali is also upbeat on the opening
of the Cavite-Laguna Expressway (Calax), a public-private partnership program
of the government, to further boost investments and markets from Metro Manila,
Cavite and nearby provinces.
Calax, which will begin construction
in the next two years, will directly link Nuvali and South Luzon Expressway and
cut travel time by less than an hour from Makati.
“This Calax will be a big boost to us
and we think that this will lead us to the right path towards becoming a
regional center,” ALI’s Strategic Landbank Management Group head Meann Dy said.
Furthermore, the 40,000-sqm regional
mall Solenad 3 is set to be the start of Nuvali’s major push towards being the
region’s business and commercial center.
The P2-billion expansion of commercial
shopping complex Solenad 1 and 2 that will house local and international brands
is seen to provide additional 2,500 jobs from the existing 4,000 jobs.
“Solenad will be a catalyst and a
milestone project that will contribute to the speedy overall growth of Nuvali,”
Estacio said.
Seven interconnected building under
Solenad 3 will house 400 retail shops and restaurants, four cinemas, activity
center and fiesta market. The first and second phases of the project were opened
last May and August, respectively, the third phase will open by November and
the last phase is set in April next year.
Before 2015 ends, Nuvali will
intensify its expansion plans by opening several new projects including
membership shopping center S&R, which will be launched in the fourth
quarter of the year.
The 100-bed general hospital QualiMed,
on the other hand, is also set to open in the second quarter of 2016 while
outdoor recreational activities site Camp N and international Catholic school
Everest Academy are also in the works.
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