Property developer Ayala Land Inc. (ALI) is making big bets on hospitality and industrial real estate to complement its core residential and mall businesses.
ALI president and chief executive Anna Ma. Margarita Dy said in a recent analyst briefing the group plans to build 15 logistic parks across its properties over the next five years. Four of them will be launched this year.
“On these logistic parks, we will build a nationwide network of cold storage facilities providing logistic requirement of various industries,” Dy said.
“This way we can use our assets and capabilities to help improve our country’s supply chain and food security,” she said.
ALI through its unit Ayalaland Logistics Holdings Corp. ended 2024 with warehouse gross leasable area of 340,000 square meters. It also launched two cold storage facilities last year, one in Batangas and another in Mabalacat, Pampanga.
ALLHC said it continues to increase its industrial park footprint with the expansion of existing technoparks this year. It is also expects warehouse leasing and cold storage segments to grow with the addition of new sites and facilities for the leasing portfolio.
Dy said for the hospitality business, the company plans to add 4,000 hotel rooms over the next five years. “These include expansion of hospitality portfolio by adding new brands to serve different market segment,” she said.
ALI is set to complete the refurbishment of four hotels this year, including Lagen Resort in El Nido, which will reopen in the third quarter. Another six hotels will undergo renovation this year.
The property firm ended 2024 with 4,267 hotel keys in its portfolio. 3,268 of which are under its Seda brand while the remaining 660 rooms are branded hotels.
ALI earmarked P95 billion for 2025 capital expenditures primarily to support the expansion of its residential, mall and office businesses.
Dy said 37 percent of the capex would go to residential projects, 25 percent to estate development, 23 percent to leasing and hospitality assets and 15 percent to land acquisition and general corporate purposes.