Ayala invests in Davao
Property giant Ayala Land Inc. has teamed up with three other companies to develop a nine-hectare property in Bajada, Davao City into a mixed-use community, consisting of retail and business process outsourcing (BPO) facilities.
Ayala Land has entered into agreement with Anflo Management & Investment Corp., Pioneer Trading & Supply Co. Inc. and Davao Motor Sales Co. for the project, which was estimated to cost an initial P2.31 billion.
The project would involve a 40,000-square meter retail development and a 20,000-sqm BPO development.
Ayala Land has a 67-percent equity in the project.
Source: ABS-CBN News
So I guess we’ll be seeing an ayala mall here in the south!