Friday, 22 March 2013

Ayala, Alcantara groups to develop Davao property

ABS-CBNnews.com
http://www.abs-cbnnews.com/business/03/22/13/ayala-alcantara-groups-develop-davao-property

MANILA -- Ayala Land Inc. and Alsons Development and Investment Co. (Aldevinco) signed a joint venture agreement to develop a 25-hectare property in Lanang District in Davao City.
"The development will be allocated for residential and commercial lots, low to mid-rise towers and a retail component," Alsons Consolidated Resources Inc. (ACR) said in a disclosure on Friday.
"This project will add more than 2,000 condominium units and approximately 7,000 square meters of leasable space to ALI's (Ayala Land) growing residential and commercial leasing portfolio, respectively."

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