Alveo Land 2016: A record year with P22B in new projects
Alveo Land has reported record growth in 2016, launching P22 billion worth of projects with current sales take up rising steady at P38 billion. The company launched nine projects last year, a mix of residential lots, condominiums, and office spaces across Makati, BGC, Pampanga, Laguna, Taguig, Cavite and Davao.
Alveo is targeting to launch 16 new projects in 2017 with a combined value of P40 billion. The new projects represent over 5,000 residential and office units.
“Alveo will continue to strengthen its presence in major growth centers and in Ayala Land estates. We are expanding our footprint across the nation as we venture into new territories, and launch more compelling formats capitalizing on the synergies within the Ayala group,” said Jennylle S. Tupaz, Alveo Land President.
Alveo has also made eight new property acquisitions in Nuvali, Alabang, Cagayan de Oro and Makati over the last year. The company will expand its presence in Alabang and Cavite in the South, Bulacan in the North and Cagayan De Oro in Mindanao in 2017. Alveo currently has 84 developments in 12 key locations across the country.
“The company’s track record proves how its pioneering developments contribute to the growth of the cities where they are located. With its thrust to create meaningful living and working experiences, Alveo develops masterplanned communities that speak to the needs of its residents, while carrying the legacy of Ayala Land,” added Ms. Tupaz.
Coupled with the country’s robust economic growth and strong investor confidence, the company has experienced tremendous growth year-on-year. Now on its fifteenth year of operations, Alveo has led the residential business of Ayala Land Inc. (ALI) in terms of sales take-up over the past four years.
Ms. Tupaz attributes Alveo’s success to building integrated living and working environments for a discerning market. These quality products consist of thoughtfully-designed condo units, residential lots, and office units in prime locations.
Alveo Land is a residential brand of Ayala Land, the Philippines’ leading developer of sustainable estates offering a diverse mix of quality residential and commercial developments that support local economic growth.