Ayala gets US Embassy Contract

Ayala nabs $119-million US Embassy contract AFTER what visiting US State Department’s Jay Hicks officially described as a “rigorous international bidding process,” a $119-million contract to build the new look US Embassy on its existing seafront compound in Roxas Boulevard has been awarded to the Makati Development Corporation (MDC), the construction arm of Ayala Land. To read the rest of the article, click on the link below: http://www.manilatimes.net/national/2008/july/07/yehey/opinion/20080707opi3.html

ALI News

Ayala Land bonds get highest rating

By Elaine Ruzul S. Ramos

Philippine Rating Services Corp. gave the P4-billion bond issue of Ayala Land Inc. the highest rating possible of PRS Aaa. The rating is “given to debt obligations with the smallest degree of investment risk.”

The ratings agency noted that Ayala Land had a “remarkable track record of consistent profitability” despite the peaks and valleys of the real estate industry cycle.

Despite the “prevailing issues and looming uncertainties,” PhilRatings affirmed the company’s plans for sustained growth through its residential developments, shopping centers and corporate business line.

Ayala Land earmarked P24.3 billion in capital expenditures this year, 42 percent of which are for residential developments, 30 percent for corporate business lines, 14 percent for shopping centers and the rest for other business lines.

Jaime Ysmael, Ayala Land’s senior vice president and chief finance officer, said one of the company’s most significant projects continues to be the development of the first phase of Nuvali, a large-scale, fully integrated regional development in Canlubang.

SOURCE:

http://www.manilastandardtoday.com/?page=business2_july16_2008

CII to Alveo

Beginning July 23 2008, COMMUNITY INNOVATIONS INC (CII) will now be known as ALVEO LAND INC.

Abrio News Article

Just want to show you a scanned copy of a recent newspaper article on the Abrio Event at Makati Shangrila…

My advice for those thinking of investing in Ayala Land? Seriously consider Abrio.

Your Ayala Land Guide,

Coco Midel

0917 580 2013 / midel.jerico@ayalalandinc.com / coco.ayala@gmail.com