The funding also supports Ayala Malls Evo City in Cavite, reinforcing the property giant's push for large-scale, climate-resilient commercial hubs.
Some key details
The redevelopment program is expected to generate more than 1,000 direct jobs during construction and support about 3,000 workers through merchant activities once operations begin.
The partnership makes ALI the first developer globally to integrate IFC’s Building Resilience Index (BRI) into 50 properties, elevating standards for disaster readiness and climate adaptation in real estate.
The fundraising deal was first reported by the Manila Bulletin.
Management’s view
“By embedding sustainability into our projects, we enhance customer experience, protect long-term value for our stakeholders, and set new benchmarks for the industry,” said ALI president and CEO Meean Dy.
“Our partnership with IFC demonstrates that sustainable financing is not only achievable, it’s scalable. This is a model for how we will fund our growth in the future,” she added.
IFC strengthens ties with real estate giant
“IFC is proud to deepen our partnership with Ayala Land as it pushes the frontier for sustainable real estate in the Philippines,” said Amena Arif, IFC country manager for the Philippines.
“This programmatic approach not only mobilizes financing, but also creates jobs and strengthens resilience in a country prone to extreme weather events,” Arif added.
Mall reinvention program
This initiative forms part of Ayala Malls’ expanded P17.5-billion renovation program, aimed at adding 700,000 square meters of new leasable space over the next five years.
The program covers upgrades at key locations, including Glorietta, Greenbelt, TriNoma, and Ayala Center Cebu, with major milestones expected soon.
—Edited by Miguel R. Camus
