spot_img
28 C
Philippines
Friday, March 29, 2024

AboitizLand investing P4.7b

- Advertisement -

AboitizLand Inc., the real estate arm of conglomerate Aboitiz Equity Ventures, said it will spend P4.7 billion to build three residential projects in Luzon in line with its plan to be a national player.

AboitizLand vice president of innovation Rafael Fernandez de Mesa said in a news briefing the company would build projects in Batangas, Tarlac and Nueva Ecija covering 83 hectares and offering 2,800 homes in the mid- to high-end markets. 

“After more than two decades of building thriving communities in Cebu, we are more than ready to take on other parts of the Philippines, beginning with our foray into Luzon. We’re very keen on becoming stronger players in the national scene while of course, maintaining our foothold in Cebu,” de Mesa said.

“We saw huge potential in terms of land development in Luzon. Armed with the experience and knowledge that we have acquired over the years, we are confident that we could offer a better real estate experience to more potential vecinos [residents] in this part of the country,” de Mesa said.

AboitizLand is developing Sands Seaside Residences positioned as a second home by the beach in Batangas. 

- Advertisement -

AboitizLand tapped world-renowned partners Duany, Plater-Zyberk & Co. for the development of the exclusive community. Upon completion, Sands is expected to produce over 800 homes.

AboitizLand said in Tarlac and Nueva Ecija, it designed two gated developments that would offer over 2,000 homes.

“We are consciously building mixed-use communities that are pedestrian-friendly, with less cars in the roads, and that encourage people to get outside and live a healthy lifestyle. The goal is to have an abundance of greens where families can play, and spaces for retail and services so residents can have access to almost everything they need within walking distance from their homes,” de Mesa said.

AboitizLand is also building a shopping center in Batangas. Dubbed as The Outlets at Lipa, the commercial development will feature popular international and local brands in a unique outdoor setting with all-year round sales and discounts. 

The company said as it aggressively expanded outside Cebu, it would beef up its manpower to manage the projects in the pipeline.

- Advertisement -

LATEST NEWS

Popular Articles