Ayala Land Inc. expects to spend another P10 billion to further develop its 1,714-hectare mixed-use estate, Alviera, in Porac Pampanga in the next three to five years.
This is on top of the initial P10 billion the company poured in the first 430-ha portion of the estate.
Ayala Land intends to develop another 300 ha.
Over the weekend, Ayala Land unveiled its A-Block Commercial hub in Alviera, a walkable and green environment anchored by developments like Miriam College and the Alviera Country Club.
“With prime commercial lots ranging from 1,500 to 2,200 square meters, (A-Block) is an ideal investment opportunity for businesses seeking to tap into the bustling Central Luzon market and position their businesses in the fast-growing region,” the company said in a statement.
Ayala Land is selling lots in A-Block at P70,000 per square meter (sq.m.).
Currently, the Alviera industrial park has three operational locators, and 10 upcoming ones are expected to generate more jobs and economic opportunities for the community.
Alviera’s first commercial hub, the 7-hectare East Commercial Center, is 80 percent sold with initial investors now enjoying a 10 percent compounded annual growth rate, the realtor said.
Ayala Land said flagship residential brands Ayala Land Premier, Alveo and Avida have sold over 5,000 units across nine villages, with four turned over to buyers. About 150 houses have been built and some under construction.
Ayala Land said Alviera is also adding more family-centric destinations like an animal farm, pet play area, and a convenience store within the property.
The 10-hectare Miriam College campus is also on schedule to complete its first building by the end of the year in time for face-to-face classes and activities for school year 2024-2025, Ayala Land said.
The LaSalle Botanical Garden is in the works, which will soon house a botanical research center, chapel, themed gardens and more within the estate.
Alviera is a Ayala Land’s joint venture development with Leonio Land.
