AyalaLand Logistics Holdings Corp. (ALLHC) has tapped a P10.8- billion, 10-year, loan from Landbank of the Philippines for its 36 megawatts data center project in Binan, Laguna.
ALLHC’s unit A-FLOW Properties Corp. (A-FLOW), a joint venture between ALLHC and FLOW Digital Infrastructure, signed Monday the agreement for the first tranche of the loan with the Landbank worth P2.4 billion.
“The signing of the loan facility agreement underscores the mutual commitment to advancing the nation’s digital infrastructure and supporting the Philippines’ transition towards a more digitally integrated economy,” ALLHC said.
“The loan facility is intended for the development of the initial phase of the first A-FLOW data center campus. Currently under construction, the 6MW-IT capacity Phase 1A of the three-building data center campus project is targeted to be ready-for-service by the end of the year,” it added.
ALLHC said A-FLOW’s partnership with Landbank enables both companies to capitalize on each other’s strengths, marking a shared vision of fostering innovation and sustainable growth. This milestone collaboration underscores the importance of public-private partnerships in serving the country and achieving the nation’s development goals.
