RSS

ALI on Track with Arca South Development

15 Jun

Ayala Land Inc. (ALI) is on track to complete the first phase of the 74-hectare Arca South (formerly Food Terminal Inc.) development in Taguig by 2018, with nearly half of the PHP 80-billion budget already spent in the first two years of the five-year project.

The development of Arca South’s roadwork, utilities and other infrastructure are now 70.0% complete and expected to be finished by the end of the year.

Be a smart stock investor! Get FREE company analysis and stock reports! (size 728x90)
FREE Educational Resources on Investments and Stock Trading!

In terms of project development, Arca South would be 30.0% to 40.0% complete by 2018. Arca South is planned to have a 50-50 commercial and residential mix.

The first tranche of commercial activity would be kicked off by the Ayala Malls, the first two towers of the Arca South Corporate Center, and the 265-room Seda Hotel Arca South.

Advertisements
 
Leave a comment

Posted by on June 15, 2015 in ALI, Corporate News, Stock Market

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: