Alviera raises investment to P100B with expanded area
Alviera, a large-scale, mixed-use estate in Porac, Pampanga jointly developed by Ayala Land (ALI) and Leonio Land Holdings, Inc. (LLHI), has raised its investment from P90 billion to P100 billion. With an additional 700-has. infused to the development, Alviera has now expanded to 1,800-has. positioned to complement and propel the economic activities in the region as well as nurture contemporary lifestyles by integrating residential, business, tourism, and leisure pursuits.
The estate’s latest addition towards leisure development started with its recent signing with De La Salle Philippines (DLSP) to develop the 23-has. La Salle Botanical Gardens. Envisioned as a world-class botanical garden with a collection of at least 25 themed garden patches, the project draws inspiration from internationally-renowned gardens such the Jardin botanique de Lyon in France and the Kew Royal Botanic Gardens in London. The project will also house a full-scale laboratory, a plant nursery, greenhouses, and libraries.
As a result of the rapid 95% sales take-up of the first phase of the Alviera Industrial Park with 16 industrial lots, the estate is expected to launch a second phase covering 32-has. strategically accessible from ScTex and major thoroughfares connected to key cities and economic hubs. It has signed locators in food manufacturing, motorcycle assembly, packaging, logistics and warehousing. The non-PEZA industrial park was designed for light to medium, non-polluting industries.
Alviera’s initial residential offering through its two residential brands Alveo Land and Avida Land has sold 74% of its total phase 1 inventory. These residential projects have seen values appreciate by 20% in the past two years as the estate continues to rise. As for Ayala Land Premier, the luxury developer will soon launch a residential subdivision steeped in the estate’s natural green spaces and will sit beside the Alviera Country Club slated to open in the 4th quarter of 2018.
The turnover of the phase 1 residential units and industrial lots will be complemented with the completion of the roadworks and utilities towards the end of the year.
New opportunities for investment and business will be made available with the Alviera East Commercial, a 7-hectare commercial hub situated next to an institution, the industrial park, and the 100-hectare Alveo subdivision.
Alviera, a 1,800-hectare sustainable estate by Ayala Land and Leonio Land features a diverse mix of residential dwellings, commercial districts, industrial parks, institutions and leisure facilities to attract local and international markets and support local economic growth.