Alveo Land's topping-off of Marquee Residences formally marked its structural completion. The ceremony held last February 19, 2014 served as another stepping stone to the rise of Pampanga's signature address.
Posted on February 19, 2014
Property giant's profits surge to P11.74B in 2013.
Property giant Ayala Land Inc. (ALI) is planning to launch this year 78 new projects with an estimated value of P142 billion.
ALI said it is planning to launch 30,000 units across all residential brands in 2014. Last year, ALI's five residential brands launched 28,482 units worth P108 billion.
ALI is setting aside P70 billion in capital expenditures in 2014, mostly for the completion of ongoing developments and new launches. This is higher than the P66.26 billion in capital expenditures it spent in 2013.
"The Company continued to take advantage of favorable market conditions with its successive fund raising activities, ranging from the two equity top-up placements made over the last two years and the series of bond offerings which were all successfully priced and executed,” said ALI Chief Finance Officer Jaime E. Ysmael in a statement.
"These enabled ALI to fund its aggressive capex program which allowed it to secure strategic landbank positions in key growth centers and support business expansion."
Meanwhile, Ayala Land said its profits surged 30% to P11.74 billion in 2013, as it continued to report strong sales of its various residential brands.
ALI reported its consolidated revenues hit P81.52 billion in 2013, 36% higher than the previous year. The bulk of revenues came from real estate, which jumped 40% to P76.34 billion.
"Strong growth by each of our business lines showed good execution of the growth strategy with the increased delivery of new products in new geographies... Market acceptance of the products was enhanced by their presence in our integrated mixed use communities across the country and the strong ALI brand," ALI president and CEO Tony Aquino said.
ALI said property development, which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots, posted 51% higher revenues of P51.96 billion in 2013.
Revenues from residential segment jumped 32% to P41.99 billion in 2013, on the back of solid bookings and steady project launches across brands such as Ayala Land Premier, Alveo, Avida, Amaia and BellaVita.
In 2013, sales take-up value hit a record of P91.93 billion, equivalent to an average monthly sales take-up of P7.66 billion, an all-time high and 18% higher than the P6.47 billion average last year.
ALI said revenues from the sale of commercial and industrial lots surged 256% to P8.80 billion last year, due to sale of lots in NUVALI and Arca South.
Commercial leasing revenues, which includes shopping centers, office leasing, and hotels and resorts, rose 21% to P18 billion in 2013.
Alveo Land formally marks the structural completion of Kasa Luntian with the top-off ceremony of Harana (Building B), Kundiman (Building C), Sinag (Building D) and The Lanai last February 6, 2014.
By: Chonx Tibajia | The Philippine Star
Circuit Makati is touted as the city’s entertainment district and promises a fine place to live in, where “something amazing is always on.” With the launch of Ayala Land’s Solstice and Circuit Makati’s three new sports facilities, it is set to redefine the urban landscape.
Jan. 15, 2014, Circuit Makati made its mark as the new active lifestyle destination with the launch of the Gatorade-Chelsea Blue Pitch, Citykart Racing, and Mountain Dew Skatepark.
Gatorade-Chelsea Blue Pitch
The ceremonial kick was facilitated by The Azkals, led by the Younghusband brothers and Gatorade brand ambassador Chieffy Caligdong. The Blue Pitch, in partnership with the Chelsea Football Club Soccer School Philippines and Pepsi, occupies 10,000 sq.m. of Circuit Makati and is the first FIFA-sized blue football field in the country and is poised to be a training venue for both amateur clubs and national teams. Football clinics will also be conducted by the Younghusband Football Academy.
For those who are in for some Formula One racing, Circuit Makati has a 5,000-sq.m. urban karting area operated by Urban Karting Manila. The 650-meter karting race track that utilizes a Formula One timing system offers fun karts and pro-karts, as well as powerful karts for more professional or daring drivers. A prop shop where racers can purchase gear and accessories, as well as lounge around, is also in place.
Mountain Dew Skate Park
Perhaps the most unique facility at Circuit Makati, it is the first skatepark in the country with a 1,000-sq.m. skate area operated by WeLegendary and designed by Flux Design Labs and ASEA. Skate enthusiasts of varying skills can execute their flips and grinds at the urban skating facility’s three levels: beginner, intermediate, and professional.
With all these offerings, Circuit Makati is definitely a step closer to fulfilling its vision of becoming the city’s entertainment district.
In the Circuit Makati loop
Circuit Makati is a 21-hectare masterplanned entertainment district representing P20B of Ayala Land’s ambitious P60B investment in Makati. It includes residential, retail, office, and hotel developments complemented by sports facilities and entertainment components.
Circuit Makati will have three anchor entertainment venues within its mixed-use masterplan. Circuit Lane will be a spectacular interactive retail riverwalk that will run through the vibrant core of Circuit Makati. Animated by boutique stores, dining destinations, pop-up shops, and vibrant street-level performances, the Circuit Lane welcomes its visitors with new “funtertainment” concepts and an enhanced shopping experience.
Right across the Circuit Lane will be a new lifestyle center that features more retail options, restaurants, and cinemas, as well a world-class 1,200-seater indoor events hall, dubbed the Circuit Performing Arts Theater that will soon be home to various prestigious shows, acts, and productions.
From the boardwalk views lie The Globe Circuit Event Grounds, which is a 2,000-square-meter canopy area with an extended outdoor venue for large-scale social events, festivals, and international-scale concerts that can house up to 10,000 spectators that will soon be home to various prestigious shows, acts, and productions. The developments will also feature a 250-room Seda hotel.
Circuit Makati , a 20-year project, is building its way into becoming the address of choice.
Keeping up with Alveo Land’s positioning as the developer for upwardly mobile individuals, professionals, executives, and starting-out couples, it offers Solstice, its benchmark for innovation. Strategically located within the new masterplanned entertainment district, Solstice is set to take full advantage of the grand vision of Ayala Land’s Circuit Makati. Tower One will be 41 stories high and will provide 461 residential units in a complete range of studio, one-, two-, and three-bedroom units.
Recently, the 37-story Solstice Tower Two was launched exclusively to the Singapore market at the Marina Bay Sands, offering spacious studio units offering one-bedroom and two-bedroom units. “Solstice Tower Two will be the pinnacle of expression for the dynamic and vibrant living experience that Circuit Makati espouses,” says Alveo Land president Robert Lao. “This condo community is our best foot forward, so to speak, in making people appreciate the reality of our vision of an innovative and multi-faceted new way of city living.”
“Solstice will provide the perfect home for Circuit Makati’s future residents—one that is literally a leisurely stroll from the action, and that will enable its homeowners to live and feel the energy of the bustling district from a comfortable and pleasing vantage point right above it all,” enthuses Lao.