News Flash

October 09, 2015, Friday
  • Fmr. First Gentleman Mike Arroyo asks the Sandiganbayan to allow him to travel & stay in Japan & Hong Kong for 12 days. 2 hours ago |
  • LTFRB suspends the franchises for 30 units of Dagupan Bus. 2 hours ago |
  • Number of fatalities in fire that hit Leyte Prison and Penal Farm rises to 10. 2 hours ago |
  • Ombudsman has also issued a dismissal order against Masbate Gov. Rizalina Lanete. 2 hours ago |
  • Director General Joel Villanueva resigns from TESDA in view of his plan to join the senatorial race. 2 hours ago |
  • Binay’s camp says the Ombudsman’s dismissal order vs. Mayor Binay was done in haste. 2 hours ago |
  • Ombudsman Carpio-Morales says it is up to Comelec to decide whether or not to allow Mayor Binay to run for a 3rd term. 2 hours ago |
  • Ombudsman’s order includes Mayor Binay’s dismissal from service & perpetual disqualification from public office. 2 hours ago |
  • Ombudsman’s dismissal order for Mayor Binay is in connection with his plunder case over the alleged overpriced Makati City parking building. 3 hours ago |
  • Rep. Abby Binay says Mayor Binay is planning to file his COC next week & run for a third term. 3 hours ago |
  • Rep. Abby Binay says Mayor Binay can still appeal the Ombudsman’s dismissal order at the Court of Appeals. 3 hours ago |
  • Ombudsman cites grave misconduct & serious dishonesty as reasons for Makati Mayor Junjun Binay’s dismissal. 3 hours ago |
  • Ombudsman orders the dismissal of suspended Makati Mayor Junjun Binay. 3 hours ago |
  • The 5-day period for filing of the Certificates of Candidacy (COC) begins on Monday Oct. 12. 6 hours ago |
  • Comelec conducts a demonstration on how to properly file the Certificates of Candidacy (COC). 6 hours ago |
  • Fmr. SAF Chief Getulio Napenas laments no one is being charged for the death of 9 SAF commandos who attacked Marwan’s hut. 6 hours ago |
  • Ayala Bridge in Manila to be closed to motorists at 10 pm Friday. 6 hours ago |
  • Quezon City Mayor Herbert Bautista eyes a third term. 6 hours ago |
  • Jueteng whistleblower Sandra Cam wants to run for a senate seat. 6 hours ago |
  • OFW Party-list Rep. Seneres says he has a vice-presidential bet & a complete senatorial line-up. 6 hours ago |
  • OFW Party-list Rep. Roy Seneres hopes he won’t be seen as a nuisance candidate after he announced his pres’l bid. 6 hours ago |
  • 3 inmates bolt prison in Tabaco, Albay. 6 hours ago |
  • 9 inmates die in fire that broke out in Abuyog, Southern Leyte prison. 6 hours ago |
  • About 60 members from PH & U.S. Marine Corps take part in an amphibious landing exercise in Ternate, Cavite. 7 hours ago |
  • Sen. Honasan absent in Cebu City event where Binay announced the senator’s bid for the vice presidency. 7 hours ago |
  • Binay announced the ‘Binay-Honasan’ tandem at UNA’s political event in Cebu City. 7 hours ago |
  • Binay announces Sen. Gringo Honasan is his running mate in the 2016 elections. 8 hours ago |
  • Fire out declared at UST’s Quadricentennial Pavilion at 10:30 am on Friday. 8 hours ago |
  • Fire hits University of Santo Tomas’ new multi-purpose gymnasium ‘Quadricentennial Pavilion’ on Friday morning. 8 hours ago |
  • Body of man involved in Thursday’s hostage-taking in Manila has yet to be identified and claimed. 8 hours ago |
  • De Lima took her oath as LP member at Balay headquarters in Cubao, Quezon City. 8 hours ago |
  • Justice Sec. Leila de Lima takes oath as Liberal Party member. 8 hours ago |
  • 5 towns in Maguindanao declared as areas of concern for this coming election period. 9 hours ago |
  • 5 suspected carnappers killed in an encounter with police in Payatas Road, Quezon City. 9 hours ago |

Ayala Land, Gaisanos tie up in Cebu project

By Jenniffer B. Austria | Apr. 29, 2013 at 12:01am
Ayala Land Inc., a unit of conglomerate Ayala Corp., has signed a joint venture agreement with the Gaisano family to develop a 12-hectare property in Mactan, Cebu.

Ayala Land said in a statement posted on its Web site over the weekend it tied up with Taft Property Venture Development Corp., a member of the Vicsal group of companies, to transform the property into a mixed-use development.

Ayala Land said it would acquire an interest of up to 55 percent in the joint venture.

“The property to be developed is close to many of Mactan’s tourist-oriented establishments. It is envisioned to become an integrated mixed-use development, possibly with residential, retail and hotel components. The proposed development will offer a value proposition, which is distinct from that of the other projects of Ayala Land in Cebu City,” Ayala Land said.

“Through this joint venture with the Vicsal group, Ayala Land hopes to further strengthen and expand its presence in the robust Cebu real estate market,” it added.

It is the second partnership of Ayala Land with the Gaisano family. The Gaisanos are also the partner of Ayala Land in the Market! Market! shopping mall in Bonifacio Global City.

Ayala Land is strengthening its presence in key urban cities in the Philippines. It said Wednesday it agreed in principle with Aboitiz Land to enter into a 50-50 joint venture to develop properties in Cebu.

Ayala Land said the joint venture with Aboitiz Land Inc. was consistent with the company’s growth strategy of establishing more developments in major urban areas of the country.

Ayala Land on Friday also disclosed plans to acquire some properties of Boulevard Holdings Properties Inc., a listed hotel and resort developer owned by the Panlilio family.

Boulevard was established in 1994 as a holding company with primary interests in the development of hotels and resorts and tourism-related businesses and investments in strategic land locations and rentable real estate properties.
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