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Nov 18, 2022

Ayala Land breaks ground on 92-hectare estate in Lipa

The City of Lipa in Batangas has a lot to offer as a fast-emerging, first-class component city in the country. Boasting the fastest regional economic growth in 2021 of 7.6%, this dynamic and scenic city has proven attractive for both local and foreign investment opportunities.

Expanding its footprint in Southern Luzon, Ayala Land, Inc. (ALI) broke ground for its 92-hectare property in Lipa, Batangas on November 18, 2022. This was led by ALI President and CEO Bernard Vincent Dy, Senior Vice President and Group Head of Ayala Land Estates Robert Lao, and Project Development Head Jay Teodoro together with government officials including Lipa City Mayor Eric Africa and Atty. Joel Montealto from the Office of Deputy Speaker Hon. Ralph Recto.

Areza is ALI’s first master planned, mixed-use estate in Batangas and is envisioned to be the new downtown of Lipa City. The estate will have a mix of residential and commercial uses, as well as complementing facilities such as a food terminal, a public market and retail areas.

Last March 18, a ground breaking ceremony was held for the new Lipa City Hall in Areza. The City Hall is the estate’s first locator, and is expected to be completed by 2025. The Lipa City Hall will sit on a 5-hectare property and was designed by renowned architect – Budji Royale.

Areza will showcase the natural features of the property in its design. In line with the Ayala Group’s thrust towards sustainability, the estate will be centered on connectivity and convenience of the various components, as well as green and open spaces. Areza’s masterplan will include outdoor spaces conducive for exercise, pedestrianization, and interaction.

Areza is strategically located along key infrastructure projects for faster and convenient access. This includes the recently opened Manila-Batangas By-Pass Road. Other key infrastructure in the plans are the Diversion Road connecting Balete Road to Mataas na Kahoy, and the STAR tollway.

“Our experience in developing Makati, Bonifacio Global City, Ayala Alabang, Cebu Business Park instilled in us, valuable lessons that guide us as we develop Areza, the new downtown of Lipa City,” Dy said. “We hope to continue our legacy of building master planned sustainable estates that uplift and enrich lives for more Filipinos and reinforces our commitment to nation building,” he added.

ALI starting expanding South of Manila in 1972 with Ayala Alabang. In 1989, realizing the opportunities in the manufacturing industry, ALI developed the Laguna Techno Park. Then, in 2009, the company launched the Nuvali eco-city in Laguna – a showcase of sustainable development and its largest estate to date.

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