Ayala Land, Inc.
8-26

...Seda Hotel brand

Seda’s flagship hotel in Visayas opens in Cebu City

AYALA Land Inc.’s homegrown hotel brand Seda has opened its flagship property in the Visayas, the 301-room Seda Ayala Center Cebu at the heart of the Queen City’s financial district.

The only hotel within the Cebu Business Park, the preferred location of multinational and international firms, Seda Ayala Center Cebu will target travelers doing business, as well as guests on leisure trips.

Even before it officially opened on August 19, the hotel with quick access to the myriad restaurants and stores of the Ayala Center Cebu was already receiving requests to reserve guest and function rooms up to early-2019, said Frances Alfafara, director of sales and marketing.

Residents of the second-largest city of the Philippines look forward to experiencing firsthand Seda’s brand of Filipino hospitality aligned with global standards and the warm contemporary interiors associated with the chain which is present in seven other key locations nationwide


source: https://businessmirror.com.ph/sedas-flag...cebu-city/
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9-18

...conglomerates developing the provinces na...wala nang madevelop sa Metro Manila Smile ayus yan!

Ayala Land accelerates development of Alviera (in Pampanga)

PROPERTY giant Ayala Land, Inc. (ALI) is ramping up the development of Alviera in Pampanga, as it plans to focus on the project’s residential and leisure components in the next five years.

John R. Estacio, general manager of Alviera, said 250 hectares of the 1,800-hectare master-planned estate will be “activated” by the end of the year.

“In the next five years, the focus would be on residential and then on leisure component. Because we have started already, we’re done so far with the industrial and then the commercial,” he said in a press briefing last week.

Mr. Estacio said this is in accordance with ALI’s plan to bring all incorporate residential, commercial, industrial, institutional and entertainment projects within Alviera.

ALI partnered with Leonio Land Holdings, Inc. for the Alviera project.

New residential offerings in the estate will be unveiled by the end of the year.

Ayala Land Premier, ALI’s luxury brand, will launch its first project, while Alveo Land will introduce its second residential development in Alviera.

“There’s now, certainly, breadth and depth within our product offerings, from the high-end to the upscale, to the affordable line,” Mr. Estacio said.

The two residential projects, Montala and Avida Settings, were launched in 2014 and 97% has already been sold out. Since then, the land value has appreciated by 25%.

“We started selling at about P11,000 per square meter (sq.m.). Now, we’re selling at about P14,000 to P15,000 per sq.m.,” Mr. Estacio said.

Meanwhile, Alviera will also be adding new attractions in its six-hectare adventure playground – Sandbox – to lure local and foreign tourists. Mr. Estacio said airsoft and paintball fields will open in the first quarter of 2019.

Alviera will also start operating a country club in early 2019. Its facilities will include swimming pools, sports facilities, specialty restaurants and spacious function rooms.

Mr. Estacio said that the country club is currently 80% completed, and will be fully operational by March.

A 50-room boutique hotel, offering suites and deluxe rooms, is also in the pipeline. The project is scheduled to break ground also in early 2019.

Mr. Estacio said the hotel is ALI’s response to the clamor of the tourists who are looking for a place to stay when they visit the region.

Two educational institutions, namely Miriam College and Holy Angel University, will also rise in the estate and are expected to be operational in 2021.

Both institutions will each have a 10-hectare campus. Miriam College will offer courses in the fields of arts, design, management and technology, while the Holy Angel University will offer courses in the fields of engineering, architecture, animation and hotel and restaurant management. 


source: http://www.bworldonline.com/ayala-land-a...f-alviera/
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9-18

...balitang news lang Tongue

Ayala Land gets top rating for P8-billion fixed rate bonds

LOCAL DEBT watcher Philippine Ratings Services Corp. (PhilRatings) assigned the highest credit rating for Ayala Land, Inc.’s (ALI) proposed issuance of fixed rate bonds worth P8 billion.

In a statement issued Monday, PhilRatings said it had given the listed property developer’s proposed bonds a PRS Aaa rating with a stable outlook. The rating indicates that ALI has an extremely strong capacity to meet its financial commitment, while the obligation is “of the highest quality with minimal credit risk.”

Meanwhile, a stable outlook means that the assigned rating is unlikely to change in the next 12 months.

The bonds represent the remaining unissued balance out of the company’s P50-billion shelf registration program filed with the Securities and Exchange Commission back in 2016.

ALI said the funds raised from the issuance will be used to partially finance several projects in the pipeline, including the Seda Hotels Bay Area in Parañaque, Seda Hotels Bonifacio Global City expansion, leasing projects in Arca South, the Taguig Integrated Terminal Exchange, and the Vertis North Corporate Center Tower 3.

The company will also be funding projects outside Metro Manila, namely Ayala Malls Capitol Central in Bacolod, the Bacolod Capitol Corporate Center, and the Cebu Central Bloc mixed-use complex.

PhilRatings took into account ALI’s well-diversified portfolio with a sizable and strategic landbank, a healthy outlook for the real estate industry, its rising profitability and healthy cash flows, and a sound capitalization with manageable debt level and mix.

“PhilRatings shall continuously monitor developments relating to ALI and may change the ratings at any time, should circumstances warrant a change,” the debt watcher said.

ALI has programmed to spend P110.8 billion in capital expenditures this year, the highest allocation in the company’s history as it looks to take advantage of the strong demand for real estate properties.

Alongside the higher capital spending, the company has also outlined the launch of P125 billion worth of projects for 2018.

ALI generated a net income attributable to equity holders of the parent of P13.5 billion in the first six months of 2018, 18% higher year on year as revenues climbed 25% to P80.4 billion.

Revenues from the sale of residential lots and office spaces alone surged by 27% to P55.7 billion, while the sale of commercial and industrial lots went up by 16% to P3.9 billion.

The property giant recorded reservation sales of P72 billion during the six-month period, indicating the sale of P12 billion worth of residential units every month.

The company targets to generate P40 billion in revenues by 2020, aiming for an equal contribution from both residential development and leasing segments by then.


source: http://www.bworldonline.com/ayala-land-g...ate-bonds/
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10-2

...makabili na nga rin kaya ng property dito sa Nuvali  Tongue

Seda Nuvali expanding with 2nd tower to open by 2020

AYALA LAND Hotels and Resorts Corp. is expanding its Seda Nuvali hotel in Laguna, adding a second tower that is expected to open by early 2020.

The hotel first opened in 2014 with 150 rooms. The second tower will bring Seda Nuvali’s room count to 356 when it is completed.

Jeffrey Enriquez, general manager of Seda Nuvali, said the company decided to expand the hotel to accommodate more corporate clients from industrial parks in the area during weekdays, and more local residents and travelers on weekends.

“We’re running at 80-90% (occupancy rate), and suddenly it shoots up to 95% and 100%, so we end up declining additional bookings. We really saw the need of putting up additional tower that would give us additional rooms,” Mr. Enriquez told BusinessWorld in a recent interview.

The new tower, which will be 12 storeys high, is adjacent to the first Seda Nuvali structure. It will consist of 206 rooms, offering one-bedroom suites, two-bedroom suites and family rooms.

Mr. Enriquez said the second tower will have a 400-seater ballroom to cater to the demand of companies, government agencies and residents who want to hold seminars and special occasions.

“With the ballroom now and the existing function rooms, it will be a big boost. We can accommodate a big market now,” Mr. Enriquez said.

The additional tower will also have Seda’s signature roof deck bar, Straight Up, designed with indoor and outdoor areas.

“Right now, if you look at the market here, there’s no bar that people can go to especially our guests. So they end up going to Alabang or Makati, which is a long drive away from the hotel. With a bar at the rooftop, our corporate guests can just go there and enjoy handful of drinks and, at the same time, enjoy relaxing music,” Mr. Enriquez said.

Expansion of the hotel’s facilities is also in the pipeline. Aside from a second swimming pool in the new tower, there are plans to expand the lobby, game room and playroom. Its all-day dining facility, Misto, will be renovated to double its capacity to more than 160 seats.

Like the eight other Seda hotels across the country, the second tower of Seda Nuvali will be accented by furnishings created by renowned Filipino artist Ann Pamintuan and artisan Kenneth Cobonpue.

“In all its locations, Seda aims to grow with its markets. We are pleased to be expanding in Nuvali and to offer more rooms and facilities along with the genuine Filipino hospitality matched to global standards that has always defined us,” Mr. Enriquez said.

Seda Nuvali recently received the Anahaw Certification Level 3 of the Zero Carbon Resort for Sustainable Tourism.

The hotel received a Leadership in Energy and Environmental Design (LEED) Silver Certification in 2015, making it the first Philippine hotel to be awarded such distinction in its category by the U.S. Green Building Council.

“That’s our way of telling our customers that we don’t just provide service, we’re also responsible to our environment,” Mr. Enriquez said.


source: https://www.bworldonline.com/seda-nuvali...n-by-2020/
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10-8

...fund raising? ahhh pang-expansion ulit

Ayala Land eyes fund-raising in early 2019

AYALA LAND, Inc. (ALI) is planning to register another P50 billion under the Securities and Exchange Commission (SEC)’s shelf registration program, allowing the company to raise money from the issuance of fixed securities in the next three years.

“We’re considering, given that we’ve exhausted the first shelf of P50 billion. We’re looking at registering again either late this year or early next year. I guess a similar amount,” ALI Chief Finance Officer Augusto Cesar D. Bengzon told reporters after the listing ceremony for the company’s fixed rate bonds at Philippine Dealing and Exchange Corp. in Makati last Friday.

Mr. Bengzon said the debt securities program will be a combination of commercial papers, bonds, and other types of fixed income instruments.

“We should be filing probably early next year, because we have completed our funding requirements already for the year,” the ALI executive said.

The listed property giant last Friday used up the P50 billion under its initial shelf registration approved by the SEC in 2016. The company was able to raise P8 billion during the final tranche from the issuance of fixed rate bonds with an annual coupon rate of 7.0239%.

ALI also offered P10 billion in fixed rate bonds during the first half of the year, intended to fund the construction of several mall projects.

The company raised a total of P29 billion in fixed rate bonds from 2016 to 2017, and P3 billion worth of homestarter bonds in 2016.

The bond issuances this year partially financed the firm’s P110.8-billion capital expenditure, as ALI ramped up its project launches and construction to take advantage of the growing demand for residential units in the country.

Residential projects cornered bulk of ALI’s capex at 43% or P47.4 billion, while 17% or P18.7 has been allocated for mall projects. Some 12% or P14 billion will be for land acquisitions; P8.5 billion will be for office projects; P7 billion for hotels and resorts; while the remaining P8.8 billion will be for the development of existing estates.

With the accelerated spending, ALI has slated P125 billion worth of project launches this year, higher than the value of 28 projects it unveiled in 2017 at P88 billion.

ALI grew its net income attributable to the parent by 18% to P13.5 billion in the first six months of 2018, after revenues also went up by 18% to P80.4 billion. Reservation sales in the same period stood at P72 billion, indicating P12 billion worth of properties sold every month.

The higher capital spending is in line with ALI’s goal to reach a net income of P40 billion in 2020, with equal contributions from the residential and leasing segments.

Mr. Bengzon noted ALI would have to post a 17% compounded annual growth rate until 2020 to hit its target.


source: https://www.bworldonline.com/ayala-land-...arly-2019/
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10-15

...foreign expansion

Ayala Land explores partnerships with ASEAN property firms

AYALA LAND, Inc. (ALI) is in talks with a company in the ASEAN (Association of Southeast Asian Nations) region for potential partnerships in the real estate market.

“Meron na (We have one), we’re in discussions,” ALI Chief Financial Officer Augusto Cesar D. Bengzon told reporters when asked if they have a new partnership overseas, saying they are looking for a platform to grow through a company or local organization.

Mr. Bengzon declined to disclose further details, but noted the company is based in one of the 10 ASEAN countries.

“When we look at our international strategy, the focus is on ASEAN region, and potentially second tier China cities. Our preferred mode of entry is through a organizational company which will provide us the platform… You need local expertise, and therefore it’s best to partner with a local team that knows the market,” Mr. Bengzon explained.

He also added they prefer partnering with companies that already have a landbank.

This is the same strategy that ALI employed when it first planted its flag in Malaysia. The company initially purchased a 9.16% share in Malaysian firm MCT Bhd. in 2015, eventually increasing its stake to 72.31% last February. MCT is involved mainly in affordable residential condominium projects.

“We’ve installed the CEO (chief executive officer) and from what we are seeing, there are also quite a number of opportunities in Malaysia and we’re quite optimistic that the local team will be able to grow the company,” Mr. Bengzon said.

ALI acquired last April through MCT a four-hectare property in Kuala Lumpur’s Klang Valley for P2 billion. It will be transformed into a mixed use development, with 90% allotted for both horizontal and vertical residential projects. The remaining 10% will be developed into leasing spaces.

This will be MCT’s fourth project in Klang Valley, as it is also constructing Cybersouth, Cyberjaya, and One City in the area.

ALI generated a net income attributable to the parent by 18% to P13.5 billion in the first six months of 2018, as revenues likewise grew by 18% to P80.4 billion.

The company aims to hit a net income of P40 billion by 2020, or its so-called 2020 vision, with P20 billion from the residential segment and P20 billion from the leasing business. ALI would have to post a compounded annual growth rate of 17% in the next two years in order to achieve its goal.

ALI committed to spend P110.8 billion in capital expenditures this year as part of its 2020 vision, and also to take advantage of the booming residential market in the country. 


source: https://www.bworldonline.com/ayala-land-...rty-firms/
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10-18

...BUY! Tongue

Avida allots P7.4 billion for Mandaluyong condo

AVIDA LAND Corp. will be spending P7.4 billion to build the first phase of its multi-tower residential condominium in Mandaluyong.

The mid-range brand of listed property developer Ayala Land, Inc. unveiled on Wednesday Avida Towers Verge, a three-tower condominium development along Reliance Street corner Mayflower Street, Mandaluyong City.

The first tower consists of 34 floors with a total of 1,020 residential units and seven commercial units. The units range from junior one-bedroom, or studio units, spanning 22 to 24 square meters (sq.m.), and one-bedroom covering 34 to 36 sq.m.

The junior one-bedrooms are priced from P4.2-4.4 million, while one-bedroom units are sold from P6.7-7.7 million. Monthly amortization starts at P17,000.

Avida Land Manager for Project and Strategic Management Group Melissa D. Corpuz said the company expects to generate P4 billion from the sale of units in the first tower, noting that 10% has been sold so far. At this pace, Ms. Corpuz said they expect to out the tower by next year.

“We are targeting professionals and millennials. Practically for them, a condo unit will serve as a primary or secondary home to be closer to their place of work and socials,” Ms. Corpuz said during a press briefing in Makati City on Wednesday.

The company will start constructing the second tower once it reaches 70% sales take-up in the first. The entire development will have more than 2,500 units.

Construction of amenities will also be done in the first phase. This includes a clubhouse, indoor gym, swimming pool, kiddie pool, play area, and gazebos.

The launch of Avida Towers Verge followed the completion of Avida Towers Centera, its four-tower condominium project also located along EDSA in Mandaluyong. The company said it spent P5.3 billion to develop the project.

Avida Land is currently turning over units at Avida Towers Centera, where it has nearly sold out 2,526 units.

Since its launch in 2011, Avida Land said prices of units have appreciated by as much as 40% to P139,000 per sq.m.

“Mandaluyong is a prime real estate hot spot. Its condo market is the country’s most buoyant, with demand often outstripping supply… While prices of condo units significantly rise in the area over time, it continues to be at a mid-level price range compare to other cities in the country,” Avida Land Vice-President for Project and Strategic Management Group Apollo B. Tanco said in a statement.

The company is likewise selling the 32 retail units in the first and second levels of the property, 70% of which have already been leased out


source: https://www.bworldonline.com/avida-allot...ong-condo/
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11-7

...this was a sell on news, bumagsak presyo nito kahapon

Ayala Land net income rises 15% in Q3

AYALA LAND, Inc. (ALI) registered a 15% profit increase in the third quarter of 2018, lifted by the strong demand for residential properties complemented by the expansion of its commercial leasing unit.

The listed property developer reported a net income of P7.2 billion in the three months ending September, higher than the P6.3 billion it booked in the same period a year ago. This pushed its net income 17% higher to P20.78 billion for the first three quarters of 2018.

Revenues for the third quarter improved by 14% to P39.3 billion, bringing the nine-month figure to P119.7 billion, 21% higher year-on-year.

“We sustained our growth momentum in the third quarter as residential demand remained strong and our commercial assets registered double-digit increase in revenues,” ALI President and Chief Executive Officer Bernard Vincent O. Dy said in a statement.

ALI’s property development segment saw its revenues climb to P82.8 billion, 23% higher year-on-year. Sales from its five residential brands, namely Ayala Land Premier, Alveo, Avida, Amaia, and Bellavita, in addition to its Malaysian unit MCT BHd contributed P70.3 billion, 26% higher than its P55.7-billion contribution in the same period a year ago.

Revenues from the sale of office spaces stood at P6.9 billion, while sales of commercial and industrial lots rose 16% to P5.6 billion.

The company’s reservation sales grew by 15% to P108.4 billion, indicating an average monthly take-up of P12 billion. At the same time, ALI launched P81.8 billion worth of residential and office for sale projects for the period.

ALI’s commercial leasing segment, which includes shopping centers, offices, hotels and resorts, expanded its revenues by 14% to P25.3 billion.

The shopping mall unit alone accounted for P14.3 billion, 13% higher year-on-year due to the strong performance of Greenbelt in Makati, UP Town Center in Quezon City, and the opening of Ayala Malls Circuit Makati. The company also benefited from the higher contributions of its newer malls like Ayala Malls The 30th, Ayala Malls Vertis North, and Ayala Malls Cloverleaf.

By end-September, ALI had a total of 1.83 million square meters (sq.m.) of gross leasable space under its shopping center portfolio.

For its office leasing segment, revenues inched up 13% to P5.4 billion, boosted by stable occupancy rates in its corporate centers in Vertis North in Quezon City, Circuit Makati, and The 30th in Pasig. ALI’s total office leasable space reached 1.03 million sq.m. by the end of the third quarter.

Meanwhile, the hotels and resorts business exhibited a 17% increase in revenues to P5.7 billion, lifted by higher occupancy and average room rates at Seda Vertis North in Quezon City and Seda Capitol Center in Bacolod, as well the performance of El Nido Resorts. The company added 209 rooms in the third quarter, bringing its total portfolio to 2,618 rooms.

ALI said it spent P77.9 billion worth of capital expenditures in the first three quarters, out of the P110.8 billion it committed to spend for the entire year.

The company’s robust spending is in line with its P40-billion net income target by 2020, with the residential and leasing segments contributing P20 billion each.


source: https://www.bworldonline.com/ayala-land-...-15-in-q3/
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11-21

Avida eyes P4-B sales from 2nd Cloverleaf tower

AVIDA LAND Corp. looks to generate P4 billion in sales from the second tower of Avida Towers Cloverleaf in Quezon City, about double the revenues posted from the project’s first tower due to the appreciation of property prices in the area.

The mid-income market segment of Ayala Land, Inc. (ALI) launched the second phase of the three-tower development last September, located inside ALI’s 11-hectare mixed use estate Cloverleaf in Balintawak, Quezon City.

The second tower consists of 848 units ranging from studio at 23 square meters (sq.m.), junior one-bedroom (23 sq.m.), one-bedroom (33-37 sq.m.), and two-bedroom layouts (52 sq.m.).

Prices of units at the 36-storey building range from P4.1 to P9.9 million, or about P180,000 per sq.m.

This compares to the average selling price of P95,000 per sq.m. in the first tower, which has delivered P2.2 billion in sales since its launch in July 2015.

“Over the years, there has been an escalation in the prices of our property, and there is a high resale value. And there’s also potential for rental income,” Avida Land Estate Development Group Manager Caren Rose R. Rosales said in a press briefing in Makati yesterday.

Tower 1 offers 744 residential units with the same unit layouts. About 99% of units in the 28-storey building have already been sold, with turnover scheduled for the first quarter of 2019.

“Most of our buyers are aged 25 to 49 years old. 80% are Filipinos, 34% are coming from Quezon City, but there are also buyers from Caloocan, Manila, Malabon, and Navotas, and 36% of our buyers come from socioeconomic class B, and majority bought for end-use,” Ms. Rosales said.

Avida Land is targeting the same market for the second tower. It is banking on the project’s accessibility through the North Luzon Expressway, as well as its proximity to the Balintawak Station of LRT 1, to attract more buyers.

The company has allotted P4.5 billion to develop the three-tower Avida Towers Cloverleaf. The towers will rise on a shared parking podium, standing on a 14,214-sq.m. property. Amenities include a clubhouse, swimming pool, children’s playground, indoor gym, landscaped spaces, and serenity gardens.

Avida Towers Cloverleaf is the first residential project to rise in the mixed-use estate which will also house two phases of Ayala Malls with floors for office spaces and a retail strip. The company said 99% of Ayala Malls Cloverleaf Phase 1 has been leased out.

ALI has so far spent P15 billion to develop Cloverleaf, out of its P23-billion budget for the estate. It has completed around 42% of the developable area, including road networks.


source: https://www.bworldonline.com/avida-eyes-...eaf-tower/
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11-22

Ayala to expand Cloverleaf mall

AYALA LAND, Inc. (ALI) is expanding the mall inside its mixed use estate Cloverleaf in Balintawak, Quezon City, as it looks to cater to the needs of commuters traversing the area.

The listed property developer said it targets to open phase 2 of Ayala Malls Cloverleaf by 2022, offering a gross leasable area (GLA) of around 40,000 square meters (sq.m.).

“Because of the success of phase 1, we will have Ayala Malls phase 2, but unlike the first one this is more targeted to the commuter sector of Quezon City or Balintawak in particular because of its connection to the LRT station,” AyalaLand Estates, Inc. Project Development Senior Associate Paula Eimreh Joy Cagampan said in a press briefing in Makati on Tuesday.

Construction on the Cloverleaf mall is set to start in January.

“This is envisioned to become the Market! Market! of the north,” Ms. Cagampan said, referring to the company’s mall in Taguig located near a transport terminal.

Ayala Malls Cloverleaf phase 1 currently caters to the mid-income market. Opened in October 2017, the mall covers about 38,000 sq.m. in GLA spread out across four levels. It features six cinemas and various retail shops targeted toward millennials.

“As of October, almost occupied na ‘yung spaces natin in that area,” Ms. Cagampan said.

Also set to rise in Cloverleaf is a residential tower by ALI’s upscale market brand, Alveo. The project will have three residential towers, with the first to be launched by the third quarter of 2019.

Cloverleaf is ALI’s 11-hectare master planned development in Quezon City. The estate is accessible through EDSA and A. Bonifacio, which the company noted makes for a highly strategic space for retail business and for a place of residence.

The company has allocated to spend P15 billion to develop phase 1 of Cloverleaf, out of the total P23-billion budget for the estate. Since its launch in 2015, the company has already completed about 42% of the developable area.

Cloverleaf is one of 26 estates across the country under ALI’s portfolio. Its most recent one is called Habini Bay, a 526-hectare property located in the municipalities of Alubijid and Laguindingan, Misamis Oriental. It will house an industrial park to be managed by Laguna Technopark, Inc.

Habini Bay will be ALI’s fourth estate in Mindanao, following Abreeza in Davao, Alegria Hills in Cagayan de Oro, and Azuela Cove in Davao.

Earnings of ALI climbed 15% to P7.2 billion in the third quarter of 2018, after revenues improved by 14% to P39.3 billion. On a nine-month basis, the company’s net income went up by 17% to P20.78 billion, while revenues stood at P119.7 billion, 21% higher year-on-year.


source: https://www.bworldonline.com/ayala-to-ex...leaf-mall/
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