Ayala Land to build new Batangas estate

PROPERTY developer Ayala Land Inc. (ALI) said Friday that it would be developing a 62-hectare estate in Batulao, Nasugbu, Batangas, with an initial investment of P1.9 billion for the project over the next five years.

Following the groundbreaking of its latest leisure estate, Arillo, last Thursday, ALI President and Chief Executive Officer Anna Ma. Margarita Dy said the firm was planning to further enhance the natural scenery of the area and “create a one-of-a-kind leisure destination.”

“By early next year, expect the leisure center to be operational, which will have a café, a welcome center for our buyers and guests, and the mountain climbing center, which is the jump-off point to Mt. Batulao and Mt. Talamitam, Arillo Canyon Trails,” she added in a statement.

The property developer said the strategic location of Arillo presented various investment opportunities and that the new estate would provide “a unique blend of eco-tourism, sustainable development, and luxurious living.”

“Arillo, however, will not be a signature AyalaLand Estate development without ALI’s well-balanced mix of developments,” Dy continued.

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“To complete the vision for Arillo, we will have a commercial district with a three-hectare retail town center, Seda’s first mountainside resort, and residential offerings from AyalaLand Premier.”

Arillo is also expected to boost Nasugbu’s local tourism industry, with the mountain-themed estate complementing the municipality’s existing beach offerings.

ALI affirmed its commitment to adhering to sustainable tourism practices and partnering with local authorities to ensure the preservation of the area’s natural beauty.

Accessible via major highways and expressways, the new estate is also dedicated to providing organized transport systems to offer convenience and accessibility for residents and visitors, the firm noted.

In the first three quarters of this year, ALI saw its consolidated net income jump by 38 percent year-on-year to P18.4 billion due to the robust performances of its business units.

Consolidated revenues from January to September increased by 15 percent year-on-year to P98.9 billion.

Ayala Land’s shares were unchanged at P31.40 apiece on Thursday.

Philippine financial markets were closed on Friday for a holiday.