Ayala Land, Inc. (ALI) marked a major milestone with the listing of its P8 billion 10-year Sustainability-Linked Bond (SL-Bond) on the Philippine Dealing & Exchange Corp. (PDEx).
Aboitiz Equity Ventures (AEV) and Aboitiz Land have finalized the sale of their shares in Cebu District Property Enterprise Inc. (CDPEI) to Ayala Land for P1.8 billion.
There’s a quiet race among elite condo developers, each vying to be the top seller in an exclusive section of Makati’s prime central business district.
The Institute of Corporate Directors recognized Ayala group’s listed companies for their strong corporate governance, awarding them multiple Golden Arrows during the recognition event on Sept. 19.
The Zobel family-led Ayala Land Inc will redeploy P2.7 billion in proceeds from the sale of AREIT shares toward the development of projects such as the new Bank of the Philippine Islands headquarters and the five-star Mandarin Oriental Hotel in Makati City.
AP Securities advised clients to keep Ayala Group’s AREIT Inc. on their radar, despite Ayala Land Inc.’s block sale deal at a modest discount to the market price.
Property giant Ayala Land continued its strong performance in the first half, with profits rising by 15 percent to ₱13.1 billion and higher revenues of ₱84.3 billion.