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ALI teams up with Bicol retail group for PHP 1.6 billion mall in Legazpi

19 Jan

BY UNICAPITAL SECURITIES

Ayala Land Inc. (ALI) is breaking into Bicol Region’s retail property market by teaming up with the LCC group founded by local retailer Tan Chu Lim.

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The partners will invest PHP 1.6 billion in a shopping complex that will rise in Legazpi, Albay by the end of this year.

The complex will be developed on a 1.4-hectare lot and will have 32,000 square meters of gross leasable space.

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Posted by on January 19, 2015 in ALI, Corporate News, Stock Market

 

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