Ayala Land, Inc. has successfully acquired the remaining 50% equity interest in Cebu District Property Enterprise Inc. from Aboitiz Land, Inc. and Aboitiz Equity Ventures, Inc. for P1.81 billion.
A PPP project won by property giant Ayala Land Inc. during the Aquino administration could soon be revived after the Department of Transportation resolved a nearly decade-long impasse.
Ayala Land Inc.’s P3.2 billion block sale of AREIT Inc. shares to institutional investors is positive for the developer’s real estate investment trust arm.
The Zobel family-led Ayala Land closed the first quarter of 2024 on a high note as net income jumped 39 percent to P6.3 billion in the first quarter of 2024, driven by robust property sales and consumer activity.
Demand for luxury real estate continued to bolster Ayala Land’s performance in the first quarter, with upscale brand Alveo recording its highest-ever sales takeup of P12.7 billion thanks to resilient demand from wealthy buyers.