PROPERTY developer Century Properties Group (CPG) Inc. grew 81 percent to P1.2 billion, from last year’s P661 million as its diversification strategy to go into other developments started bearing fruit. Consolidated revenues rose to 36 percent to P9.8 billion, from P7.2 billion year on year. “CPG’s strong nine months’ performance is the result of management’s st...
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AYALA Corp. said its net income almost doubled during the nine months of the year to reach P46.2 billion from last year’s P23.86 billion, lifted by the solid contribution of its banking, telecommunications, real estate and power units. Equity earnings from Ayala’s business units grew 77 percent to P51.9 billion, boosted by contributions coming from the Bank of the Philippine Islands...
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AYALA Land Inc. (ALI) on Tuesday said it is investing some P18 billion to transform a 290-hectare property, a former sugar mill in Tarlac into an integrated mixed-use estate that will function as a progressive new downtown. The estate, which it called Cresendo, will feature components, such as an industrial park, a residential and commercial areas. The property used to be part of the sugar mill...
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It has become a booming gateway north of Metro Manila—a compact urban hub that is breathing new life into this bustling community in Balintawak, Quezon City. This is Cloverleaf, an 11-hectare expanse developed by Ayala Land as Quezon City’s urban haven in Balintawak. This property giant is bringing to this part of the metro a fresh wave of developments that are seen to open up new o...
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Even in developed, densely populated areas, there is still room for change. And Ayala Land Inc. is making a showcase for such a refreshing possibility with its latest pocket urban development in Quezon City, where it is poised to offer a breath of fresh air, ease congestion in this urban location, and bring its signature expertise in developing masterplanned, sustainable communities. Rising...
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VISTA LAND & Lifescapes, Inc. expanded its earnings by 13% in the third quarter, as its real estate sales continued to grow. The Villar-led property developer posted a P3.16-billion attributable net income in the July to September period, from P2.87 billion a year ago. Consolidated revenues climbed 7% to P10.96 billion as expenses rose 12% to P6.98 billion during the same three months....
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