Overview
Ayala Land, Inc. (ALI) is the real estate
arm of the Ayala Group. Its defining project was the development of a planned
mixed-use community on 930 hectares of swamp and grassland in the Makati
district of Metro Manila. Over the course of the following 25 years, the
Ayala Group
transformed Makati into the premier central business district of
the Philippines and a site of some of Metro Manila’s most prestigious
residential communities. Ayala Land has become the largest real estate
company in the Philippines engaged principally in the planning, development,
subdivision and marketing of large-scale communities having a mix of
residential, commercial, leisure and other uses. Ayala Land was organized in
1988 when Ayala Corporation decided to spin off its real estate division into
an independent subsidiary to enhance management focus on its real estate
business.
As
of December 31, 2016, Ayala Land has 9,852 hectares land bank and believes
that it is sufficient for development in next 25 years. Nevertheless, it
continues to seek more property acquisition opportunities.
Business
Development
In March 2016, ALI bought additional common
shares of CHI (Cebu Holdings, Inc.). This increased the Company’s stake from
56.40% to 66.87% of the total outstanding capital stock of CHI.
On
March 14, 2016, the Company acquired 55% interest in Prow Holdings, Inc. The acquisition was made in line with the Company’s partnership
with Leonio Land, Inc. to develop a mixed-use community in Porac, Pampanga.
On March 1, 2016, SIAL Specialty Retailers,
Inc. (“SIAL”), a joint venture company between ALI and the SSI Group, Inc.,
entered into a Deed of Absolute Sale with Metro Retail Stores Group, Inc. to
sell fixed assets including fit-outs, furniture, fixtures and equipment in
SIAL’s department stores located at Fairview Terraces and UP Town Center.
In
March 2016, the Company acquired an 18% stake in OCLP Holdings, Inc. (OHI),
consistent with its thrust of expanding operations into other areas within
and outside Metro Manila through partnerships. OHI holds 99.51% equity
interest in Ortigas & Company Limited Partnership (OCLP), an entity
engaged in real estate development and leasing businesses.
On
August 11, 2015, ALI has won the bid for the Integrated Transport System
Project – South Terminal (“ITS South Project" – 5.57 ha, 35-year concession agreement
with DOTR).
On
April 08, 2015, ALI purchased all of the 8.2 million common shares of Aegis
PeopleSupport Realty Corporation amounting to P435M. Aegis PeopleSupport
Realty Corporation is a PEZA-registered entity and the owner of Aegis
building along Villa Street, Cebu IT Park, Lahug, Cebu City.
ALI
Capital Corporation (formerly Varejo Corporation), a subsidiary of Ayala
Land, entered into a joint venture agreement with Entenso Equities
Incorporated, a wholly-owned entity of Puregold Price Club, Inc., to develop
and operate mid-market supermarkets for some of Ayala Land’s mixed-use
projects. The first supermarket was opened in the 3rd quarter of 2015 at UP
Town Center.
Business
Revenue contribution in 2016 (in million pesos)
Shopping
Center
|
Corporate
Business
|
Residential
|
Landbank
|
Construction
|
Hotels
and Resorts
|
Property
Management
|
Others
|
15,495
|
5,543
|
75,391
|
7,132
|
65,316
|
6,052
|
2,101
|
495
|
8.73%
|
3.12%
|
42.47%
|
4.02%
|
36.79%
|
3.41%
|
1.18%
|
0.28%
|
Corporate
businesses -
development and lease or sale of office buildings; sale of industrial lots
and lease of factory building.
Strategic landbank
management and Visayas-Mindanao - acquisition, development and sale of
large-scale, mixed-use, masterplanned communities; sale of override units or
the Company’s share in properties made available to subsidiaries for
development; lease of gas station sites and carparks outside Ayala Center.
This also includes development, sale and lease of, shopping centers and
residential developments of the Group’s product offerings in key cities in
the Visayas and Mindanao regions.
Subsidiaries /
Associates / Affiliates / Joint Ventures
Ayala Land Sales, Inc. (ALSI), a wholly-owned subsidiary, employs commission-based sales people.
Makati Development Corporation (100%)
Ayala Land International Sales, Inc. (ALISI), leads the marketing, sales and channel development activities and
marketing initiatives of the Ayala Land’s residential brands abroad.
Currently, ALISI has established marketing offices in California, Hong Kong,
Singapore, Dubai and Italy.
Ayala
Land Premier
leads
in the luxury segment with the launch of its high-value residential lots and
condominiums. Projects launched in the past three years include residential
lots namely Riomonte in Nuvali, Laguna and The Courtyards in Vermosa, Cavite,
and residential condominiums such as East and West Gallery Place at Bonifacio
Global City, Park Central South Tower and Two Roxas Triangle in Makati, and
Arbor Lanes in Arca South.
Alveo Land Corp., 100% owned
subsidiary, offers various residential lots, and residential and office for
sale tower products in the middle-income segment. Projects launched in the
past three years include Ardia in Vermosa, Montala in Alviera, Mondia in
Nuvali, Aveia 1 in Laguna, The Gentry Residences and Callisto Tower One in
Makati, Alveo Park Triangle in BGC, North Veranda in Arca South, and Patio
Suites in Abreeza.
Avida
Land Corp.,
a
100% owned subsidiary, continued to develop affordable housing projects which
offer house-and lot packages and residential lots, and residential and office
for sale tower products to affordable income segment. Projects launched in
the past three years include Avida Sola Tower 1 in Vertis North, Avida One
Union Place in Arca South, Avida Prime Taft Tower 3 in Manila, Avida One
Antonio Place in Makati, Avida Settings in Lipa, and Avida Atria Tower 2 in
Iloilo.
Amaia
Land Corp.,
wholly
owned subsidiary of Ayala Land, was established to pursue a planned expansion of residential development operations to cater to the
country’s economic housing segment. Projects launched in the past three years
include Amaia Scapes Bauan, Amaia Scapes San Fernando, Amaia Scapes Bulacan,
Amaia Steps Altaraza and Amaia Steps Capitol Central among others.
BellaVita
Land Corp.,
a
wholly owned subsidiary of Ayala Land, aims to establish the country’s first social enterprise community development targeting
minimum wage earners and members of the informal business sector. Its first
project in General Trias, Cavite was launched in December 2011. Projects launched
in the past three years include San Miguel, Iloilo, Lian, Batangas and Porac,
Pampanga among others.
Serendra,
Inc., 28%-owned by ALI
and 39%-owned by Alveo, is engaged in residential developments at the BGC in
Taguig. Solinea (formerly Bigfoot Palms, Inc.), a landholding entity,
was acquired on March 05, 2011 through Alveo Land Corporation through
acquisition of 65% shares of stock. The remaining 35% was acquired by Cebu
Holdings, Inc., a subsidiary of the Group.
Portico
Land Corp.,
a
subsidiary of Alveo was incorporated on October 2, 2013. Portico is 60% owned
by Alveo and 40% by Mitsubishi Corporation. The subsidiary was organized to
develop and operate a mixeduse development located near Ortigas center.
Roxas
Land Corp.,
50% owned, sold-out One Roxas Triangle in 2007.The project was started in
1996 and was completed in September 2001. Two Roxas Triangle was launched in
November 2014 and is fully sold-out.
Ayala
Greenfield Development Corporation (“AGDC”), 50-50% owned by
Ayala Land and Greenfield Development Corporation, started developing Ayala
Greenfield Estates, a high-end residential leisure subdivision located in
Calamba, Laguna in 1999. Over the past twelve years, AGDC continued to
develop and sell lots of this high-end residential subdivision.
BG
West Properties, Inc., BG South Properties, Inc. and BG North
Properties, Inc. were
incorporated to engage in the development of high-end, middle-end and
affordable residential and office for sale projects, respectively, in
Bonifacio Global City. Projects launched in the past three years include The
Suite, Park Triangle Residences and Corporate Plaza, One and Two Meridian and
East and West Gallery.
Avencosouth was incorporated in
the Philippines and is currently engaged in condominium development operations.
Ayala Land holds 90% indirect interest in Avencosouth as of December 31,
2012, from the 70% ownership by Avida. Avida Towers Davao Project is under Avencosouth.
Verde
Golf Development Corporation, a wholly owned subsidiary of the Company,
develop, maintain, operate, manage and carry on the business, operation and management
of the Southlinks golf facilities for the amusement, entertainment, recreation,
leisure and athletic activities of the general public.
Ayala
Land International Marketing, Inc., a wholly owned subsidiary of ALISI,
was incorporated on
February
28, 2012 to engage in any lawful act or activity for which a corporation may
be organized under the General Corporation Law of California other than the
banking business, the trust company business or the practice of a profession
permitted to be incorporated by the California Corporations Code.
Ayala
Land International (Singapore) Pte. Ltd was incorporated by
ALISI on April 7, 2013 with the same objectives as ALIM.
Ayala
Land International Marketing (Hong Kong) Ltd. was incorporated by
ALISI when it further expanded by acquiring First Folio Limited in Hong Kong
on November 20, 2013.
Amaia
Southern Properties, Inc. was organized and incorporated on February
12, 2013 by Amaia together with Cebu Holdings Inc. (CHI), primarily to
purchase and develop new real estate properties for planned projects in the
south. ASPI is 65%-owned by Amaia and 35% by CHI.
Southportal
Properties, Inc. was incorporated on December 1, 2014. It is 65% owned
by the Company and the remaining 35% is held by CHI. The primary purpose of
the Group is to develop, sell and manage the operations for 1016 Residences,
an Ayala Land Premier project in Cebu.
Southgateway
Development Corporation, a wholly owned subsidiary of Ayala Land,
was incorporated on October 19, 2012 primarily to develop of Cloverleaf
estate located in Balintawak in Quezon City.
Regent
Wise Investments Limited (Regent Wise), a wholly owned
subsidiary of Ayala Land is registered in Hongkong and holds 32.95% in MCT
BHd, Malaysian development and construction company; a 40% investment in
Tianjin Eco-city Ayala Land Development Co., Ltd., for the development and
sale of residential condominium in Tianjin, China, and in British Columbia,
Canada.
AyalaLand
Real Estate Investments Inc. was incorporated on February 4, 2013 under
the laws of British Columbia, Canada. It is 100%-owned by the Company through
RegentWise. It is the beneficiary of the Trust and a Shareholder of
Rize-AyalaLand (Kingsway) GP Inc. As of December 31, 2014 and 2013, it is a
party to the Rize-AyalaLand (Kingsway) Limited Partnership.
Prime
Orion Philippines Inc. (POPI) – On February 24,
206, Ayala Land purchased 51% interest in POPI. POPI owns Tutuban Center, a
retail complex with a gross leasable area of 55,680 sqm in Divisoria, Tutuban
Center, which sits on a 20-hectare property. It will be the location of the
planned LRT2 Grand Central Station. POPI is listed in PSE.
Makati
Development Corporation (MDC), 100% owned by Ayala Land, engages in
engineering, design and construction of horizontal and low-rise vertical
developments. It servicea site development requirements of Ayala Land-related
projects while providing services to third-parties in both private and public
sectors.
Whiteknight
Holdings, Inc. (WHI) was registered on May 14, 2013. The Company
entered into an agreement with the Mercado family to acquire WHI in July
2013. The transaction was consummated in November 2013, thereby making WHI a
wholly owned subsidiary of the Company. WHI owns 33% equity stake in Mercado
General Hospital, Inc., owner and operator of the Daniel O. Mercado Medical
Center in Tanauan, Batangas, the University Physicians Medical Center through
its subsidiary Mercado Ambulatory and Surgical Centers, Inc., DMMC -
Institute of Health Sciences, Inc. and Panay Medical Ventures, Inc.
ALI
Capital Corp, a
wholly owned subsidiary of the Company, is the holding company of the Company
for its retail related initiatives.
Integrated
Eco-Resort, Inc. is a wholly owned subsidiary of ALI Capital Corp.
incorporated to engage in land and real estate business development
particularly the Caliraya Lake project.
Island
Transvoyager, Inc., a wholly owned subsidiary Ayala Land thru ALI Capital
Corp. ITI was incorporated on October 2, 2002 with the primary purpose of
carrying on the general business of a common carrier and/or private carrier.
ITI is the only airline commercially flying from Manila to Lio in El Nido,
Palawan. It is expected to be a key player in the industry as it flies to
more tourism destinations not serviced by the bigger commercial airlines.
ALI
has numerous more subsidiaries / associates / joint ventures for the purpose
of strategic land bank management, shopping center leasing, corporate
business and hotel/resort businesses.
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