Must Read
SOUTH. An aerial render of Ayala Land's Metro Nuvali Civic District in Sta. Rosa, Laguna.SOUTH. An aerial render of Ayala Land's Metro Nuvali Civic District in Sta. Rosa, Laguna.
Ayala Land sells stake in Alabang Commercial Center to partner Madrigal family
MANILA, Philippines – Ayala Land Incorporated (ALI) has sold its 50% ownership of Alabang Commercial Center to the Madrigal family for P13.5 billion. (READ: Jamby Madrigal: Unafraid to pick a fight)
The Alabang Commercial Center Corporation owns and operates Alabang Town Center, a pioneer mall in Muntinlupa City, south of Manila.
In a disclosure on Tuesday, December 16, the Zobel de Ayalas’ property company said the share purchase agreement was with its existing joint venture partner and is subject to customary closing conditions.
PLAZA. The town plaza of the Alabang Town Center, a pioneer mall in Muntinlupa City, in June 2024.
ALI said the Madrigals made an unsolicited offer which “provided a premium, allowing ALI to recognize gains from the sale and monetize its stake in Alabang Town Center.”
It added that “proceeds from the sale will fuel further growth” in its “leasing portfolio and provide our stakeholders with return of capital.”
In the early 1970s, the Madrigal family offered to sell a big tract of land in Alabang to Ayala Corporation, then headed by Enrique Zobel. The two groups decided on a joint venture to develop the 661-hectare agricultural land into a residential-commercial district. (TRIVIA: What some of the richest Filipinos have in common)
The area now houses the Alabang Town Center, Ayala Alabang Village, and the Madrigal Business Center District, an area considered to be a symbol of progress and prosperity south of the capital.
Ayala Land says it is the “largest and most diversified real estate conglomerate in the Philippines,” with projects in large-scale residential and industrial estates, malls, hotels and resorts. It had 53 estates as of end 2024. It develops and leases shopping centers through Ayala Malls and offices through Ayala Land Offices. – Rappler.com
Market Opportunity
Outlanders Price(LAND)
$0.0002364
$0.0002364$0.0002364
USD
Outlanders (LAND) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Horror Thriller ‘Bring Her Back’ Gets HBO Max Premiere Date
The post Horror Thriller ‘Bring Her Back’ Gets HBO Max Premiere Date appeared on BitcoinEthereumNews.com. Jonah Wren Phillips in “Bring Her Back.” A24 Bring Her Back, a new A24 horror movie from the filmmakers of the smash hit Talk to Me, is coming soon to HBO Max. Bring Her Back opened in theaters on May 30 before debuting on digital streaming via premium video on demand on July 1. The official logline for Bring Her Back reads, “A brother and sister uncover a terrifying ritual at the secluded home of their new foster mother.” Forbes‘South Park’ Season 27 Updated Release Schedule: When Do New Episodes Come Out?By Tim Lammers Directed by twin brothers Danny Philippou and Michael Philippou, Bring Her Back stars Billy Barratt, Sora Wong, Jonah Wren Philips, Sally–Anne Upton, Stephen Philips, Mischa Heywood and Sally Hawkins. Warner Bros. Discovery announced on Wednesday that Bring Her Back will arrive on streaming on HBO Max on Friday, Oct. 3, and on HBO linear on Saturday, Oct. 4, at 8 p.m. ET. Prior to the debut of Bring Her Back on HBO on Oct. 4, the cable outlet will air the Philippou brothers’ 2022 horror hit Talk to Me. ForbesHit Horror Thriller ’28 Years Later’ Is New On Netflix This WeekBy Tim Lammers For viewers who don’t have HBO Max, the streaming platform offers three tiers: The ad-based tier costs $9.99 per month, while an ad-free tier is $16.99 per month. Additionally, an ad-free tier with 4K Ultra HD programming costs $20.99 per month. The Success Of ‘Talk To Me’ Weighed On The Minds Of Philippou Brothers While Making ‘Bring Her Back’ During the film’s theatrical run, Bring Her Back earned $19.3 million domestically and nearly $19.8 million internationally for a worldwide box office tally of $39.1 million. Bring Her Back had a production budget of $17 million before prints and advertising, according to The Numbers.…
Share
BitcoinEthereumNews2025/09/18 09:23
U Mobile and IGB Collaborate on Malaysia’s 5G Indoor Networks
U Mobile partners with IGB Berhad for 5G indoor network deployment across 20 Malaysian properties.
Share
bitcoininfonews2025/12/21 20:20
SOL Price Prediction: Targeting $165-175 Recovery Within 6 Weeks as Technical Setup Improves
The post SOL Price Prediction: Targeting $165-175 Recovery Within 6 Weeks as Technical Setup Improves appeared on BitcoinEthereumNews.com. Felix Pinkston Dec
Share
BitcoinEthereumNews2025/12/21 19:51