Written by Revin Mikhael D. Ochave, a journalist.
LISTED property developer Ayala Land (ALI) is upbeat on its growth outlook for this year carried by its malls segment, according to its new top official.
“We remain optimistic about our future prospects. We are actively launching new projects. The market has shown great support. Our malls have returned to their pre-pandemic levels of performance. Overall, we are very positive,” stated Anna Ma. Margarita “Meean” B. Dy, President and CEO of ALI, at the recent Financial Executives Institute of the Philippines’ conference in Pasay City.
“We have already allocated our budget for this year, so my main responsibility is to ensure that our team fulfills all the goals and objectives we have set for ourselves. That is our top priority,” she stated.
Ms. Dy assumed the position as head of ALI on October 1, following the retirement of her predecessor, Bernard Vincent O. Dy.
“We will proceed with our plans to launch new residential projects. We will also continue to grow our malls and make any necessary improvements in the coming years,” stated Ms. Dy.
ALI is the branch of Ayala Corp that focuses on developing real estate. They specialize in creating and selling residential, office, commercial, and industrial properties. They also offer commercial leasing options for shopping centers, offices, hotels, resorts, factory buildings, warehouses, co-living spaces, and co-working spaces. ALI also provides services such as construction, property management, retail energy supply, and airlines. They also invest in properties.
Robert S. Lao, the Senior Vice-President of ALI, announced that a “bagsakan” or marketplace will be built in the Pampanga Technopark of the company in the near future.
During the Pampanga Technopark Appreciation Night in Mabalacat City last week, Mr. Lao stated that although the main focus of development is on serving light and medium industrial businesses, the aim of Pampanga Technopark is also to enhance the supply value chain in Luzon and create opportunities for local farmers and cooperatives.
ALI’s logistics unit, AyalaLand Logistics Holdings Corp. (ALLHC), manages the Pampanga Technopark, which is the first master-planned agro-industrial township in Central Luzon.
Per Mr. Lao’s statement, the marketplace will function as a central location for agricultural goods and local items. The space will also come equipped with necessary amenities like a dry warehouse and refrigerated storage.
He also mentioned that there will be commercial areas in the frontage of Pampanga Technopark in the near future. These spaces will be used for retail stores, offices, lodging facilities, and co-working spaces.
Mr. Lao stated that the estate will act as a platform to facilitate local and regional businesses, including small to medium enterprises, in providing high-quality goods and services that are locally made to a larger audience of Filipinos.
“He stated that these efforts will support the government’s goal of developing rural areas and promoting industrial growth. The Pampanga Technopark is strategically situated to play a role in driving economic progress in the region.”
Gabriel Luis T. Sioson, the general manager of ALLHC Industrial Parks and Real Estate Logistics, announced during the event that the marketplace, dry warehouse, and cold storage facilities are projected to be completed by the third quarter of next year. The retail spaces are also scheduled to be finished by the second quarter of 2025.
Mr. Sioson announced that Pampanga Technopark has just introduced its third stage, specifically designated for industrial purposes.
“At present, the total land area of Pampanga Technopark is 270 hectares, with the largest portion designated for industrial purposes. Our tenants consist of businesses involved in food production, paper packaging, electronics, and automotive parts,” stated Mr. Sioson.
On October 6th, the last time ALI and ALLHC shares were traded, ALI’s share price decreased by 15 centavos or 0.52%, reaching P28.45 per share. Similarly, ALLHC’s share price fell by eight centavos or 4.37%, reaching P1.75 per share.