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Tuesday, February 27, 2024

AyalaLand Holdings continues expansion

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AyalaLand Holdings Corp. said Wednesday it remains on track to increasing its presence to 10 strategic locations and growing warehouse gross leasable area to 500,000 square meters by 2025.

ALLHC president and chief executive Jose Emmanuel Jalandoni said during the company’s annual stockholders meeting the company was looking at various areas to expand its industrial parks, warehouses and cold storage facilities across the country.

Jalondoni said the group planned to create a network of facilities in Mindanao and was also looking for future projects in the Visayas.

ALLHC, a subsidiary of Ayala Land Inc., is a leading developer and operator of industrial parks, real estate logistics facilities and commercial centers.

It operates Laguna Technopark, Cavite Technopark and Laguindingan Technopark.

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The company has warehouse GLA of 309,000 sq. m. as of end-2022.

It is developing two new industrial parks—the 55-hectare Batangas Technopark and the 270-hectare Pampanga Technopark in Mabalacat, Pampanga—which will primarily cater to medium size manufacturing and industrial enterprises.

The two new industrial hubs will also be master-planned as a mixed-use development to host warehouse and cold storage facilities as well as amenities like a bagsakan (agricultural wholesale market) and a public transport terminal.

These projects are expected to attract local and foreign investors and create new jobs for workers outside Metro Manila.

ALLHC said it is also exploring new business platforms to diversify its portfolio.

ALLHC entered a joint venture partnership with FLOW Digital Infrastructure in 2022 to develop data center campuses across the Philippines.

The joint venture earmarks the delivery of a three-building campus facility with 36 megawatt of IT capacity in Binan, Laguna, with an initial roll-out of 6 MW by end-2024.

ALLHC reported a net income of P1 billion in 2022, up 29 percent year-on-year even as revenues dipped slightly to P4.2 billion from P4.3 billion.

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