27 April 2012

Ayala Land keen to increase presence in central Luzon

Ayala Land, Inc. yesterday bared plans to further expand its presence in central Luzon by adding residential or office projects in the area after launching the Harbor Point mall here.

“We are definitely expanding our national presence. We have identified the Pampanga-Bataan-Zambales corridor as a key growth area, and with the opening of Harbor Point, you can say we have already deepened our presence in those areas,” Bernard Vincent O. Dy, Ayala Land executive vice-president, said in a press briefing.

Aside from Harbor Point, Ayala Land’s other developments in central Luzon included Anvaya Cove, a 320-hectare leisure complex in Bataan that the company developed in partnership with Subic Bay Development and Industrial Estate Corp.

“As you can see, we’re always on the lookout for opportunities, and right now, we are in discussions with the [Olongapo] city government and SBMA (Subic Bay Metropolitan Authority) if we can expand further our product offerings. We’re looking at possible residential or office buildings, in addition to Harbor Point,” Mr. Dy said.

Harbor Point, the first Ayala Land mall opened this year, is located on a 3.5-hectare lot along the Subic Bay freeport’s Rizal Highway.

Around 80% of the mall is already leased out to tenants, from which Harbor Point expects to net some P100 million in revenues annually, Javier D. Hernandez, Ayala Land commercial business group assistant-vice president said. (Franz Jonathan G. de la Fuente, BusinessWorld)