AboitizLand Ayala Land to develop premiere center in Cebu
Ayala Land inc. and AboitizLand inc. recently signed a venture agreement to solidify their partnership in developing what's visualized together of Cebu's most spectacular growth centers.
The partnership brings along ALI's record in developing masterplanned, property communities and AboitizLand's deeply-rooted realty expertise in Cebu, for the event and operation of a 15-hectare city center in Subangdaku, Mandaue city in Metropolitan Cebu.
"We are terribly excited to figure with AboitizLand in developing another centre which will more boost Cebu's economy. the event shows nice promise and can offer new opportunities for business enlargement and employment, whereas providing the community with quality areas for convergence," aforesaid by ALI President and CEO Mr Tony Aquino.
Andoni Aboitiz, CEO of Aboitizland shared that he's "looking forward to embarking on this venture along side a robust partner, who shares identical vision, passion and commitment with us, in building Cebu through what we have a tendency to do best - Place-making."
The Mandaue city development are ALI's fourth major mixed-use district in metro Cebu, following the Cebu IT Park, Cebu Business Park, and also the forthcoming Mactan development. On the opposite hand, it'll be the twentieth development of AboitizLand in Cebu over a various portfolio of integrated residential communities, industrial pockets and industrial parks like Ajoya, Pristina North, Mactan Economic Zone a pair of (MEZ2),The Persimmon Towers and also the shops.
To rise during this new centre, that is simply at intervals the vicinity of Cebu's main business districts, are innovative residential developments and industrial areas with retail and workplace parts.
The property conjointly enjoys direct access to major road networks and transport facilities. it's simply twenty minutes removed from the landing field and even nearer to Cebu's major ocean ports that function gateways to the remainder of the Visayas and Mindanao provinces.
The superb development is scheduled to be launched in 2015.