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Mar 26, 2024

MDC and Takenaka Forms Joint Venture Company

IN PHOTO: seated, left to right: Shoichiro Shibuta – Executive Managing Officer, Takenaka Overseas Construction Business; Dante M. Abando – Ayala Land, Inc. SVP, MDC President and CEO, and MDTK Chairman; Jaime Augusto Zobel de Ayala – Ayala Corporation and Ayala Land, Inc. Chairman; Yuichiro Takenaka – Member of the Board and Senior Executive Managing Officer of Takenaka Corporation; Fernando Zobel de Ayala – Ayala Corporation Director; Hideki Izumi – Managing Officer and General Manager of Takenaka's Asia Regional Headquarters; standing, left to right: Masao Doke – Manager, Administration – Takenaka Corporation Philippine CAD Center; Tamotsu Takao – General Manager for Construction and Planning, Takenaka Asia Regional Headquarters; Masamichi Yamaguchi – Project Director, Takenaka Asia Region and VP – Technical of MDTK Corporation; Robert N. Baffrey – Ayala Land, Inc. VP, MDC COO, and MDTK President; Mariana Zobel de Ayala – Ayala Land, Inc. SVP and Head of Leasing and Hospitality; Grace Lee – Assistant General Manager for Administration – Takenaka Asia Regional Headquarters, and MDTK Chief Administration Officer; Takeshi Yanagi – General Manager for Finance and Administration – Takenaka Asia Regional Headquarters; and Ryusuke Kojio – Architect and Head of Sustainability and Circularity – Takenaka Asia Regional Headquarter

Two leading design and construction companies, Makati Development Corporation (MDC) of the Philippines, and Takenaka Corporation of Japan, recently finalized an agreement to establish MDTK Corporation. A ceremonial launch event was held last March 21, 2024 in Makati City and was attended by top executives from Ayala Corporation, Ayala Land, Inc., MDC, and Takenaka.

“The MDC community looks forward to collaborating with Takenaka to exchange best design and construction practices and technologies that will benefit both our organizations, the construction industry, and most importantly – the people that we serve. Through MDTK, we look forward to using our combined expertise, learnings, and resources to enhance land and enrich the lives of Filipinos.” – Dante M. Abando, Ayala Land, Inc. SVP, MDC President and CEO, and MDTK Chairman

“Our company has long held a dream of expanding our operations in the Philippines, focusing on the potential of the country’s future and the trust built on the historical exchange of nationalities and cultures between the two nations. With shared values and trust, establishing a joint venture with MDC from the Ayala Group, known for their innovative urban development projects in Makati, BGC, and nationwide, is a significant honor and we are grateful for it.” – Shoichiro Shibuta, Executive Managing Officer, Takenaka Overseas Construction Business

The joint venture brings together more than 400 years of extensive architecture, engineering, and construction experience and expertise to the country. The partnership signals a significant milestone that will open opportunities for the two companies to take on complex design and construction projects, and introduce new technologies and methodologies that will benefit the Philippine construction industry and the Filipino people. Trust, Partnership, and Passion are the corporate values of this joint venture, guiding principles that will propel MDTK toward its goal.

“MDTK will be driven by a vision of becoming the trusted partner of our customers and stakeholders by delivering value-adding solutions through advanced design and build expertise. We aim to create sustainable developments and contribute to nation-building through innovation and technology, construction excellence, and extraordinary teams.” – Robert N. Baffrey, MDTK President

“This is a wonderful opportunity for our teams to integrate best practices into our developments. The MDC-Takenaka partnership will become an avenue to advance more innovative and sustainable solutions that will benefit the communities that we serve, especially at this time when the Philippines is primed for exponential economic growth.” – Jaime Augusto Zobel de Ayala, Ayala Corporation and Ayala Land, Inc. Chairman

About Makati Development Corporation:

Makati Development Corporation, a wholly-owned subsidiary of Ayala Land, Inc., is the leading Engineering, Procurement, Construction, and Construction Management (EPCCM) company in the Philippines. An ISO-certified company and a Quadruple A Platinum-licensed Contractor in the Philippines, MDC’s 50-year track record spans more than 800 completed projects in the commercial, residential, industrial, land development, and infrastructure sectors. Read more:

About Takenaka Corporation:

Takenaka Corporation is one of the five major general contractors in Japan. The company provides architectural, engineering, and construction services and has its headquarters located in Osaka, Japan. With 70% of its projects under Design and Build, Takenaka has completed over 5,400 projects across the globe. The company took part in the construction of Ninoy Aquino International Airport Terminal 3 and Bacolod-Silay Airport early in the 2000s. Currently, through its group company Takenaka Civil Engineering and Construction, it is engaged in constructing the Metro Manila Subway and the Davao City Bypass projects in the Philippines. Read more:

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