Ayala Land's Alviera expands area, raises investment by P10B

ABS-CBN News

Posted at Oct 10 2017 07:23 PM

MANILA - Alviera, a mixed-use estate in Porac, Pampanga developed by Ayala Land (ALI) and Leonio Land Holdings, Inc. (LLHI), has raised its investments from P90 billion to P100 billion, expected to boost economic growth in Central Luzon. 

With an additional 700 hectares, Alviera, a sustainable estate, expanded to 1,800 hectares and is "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 firm said in a statement.

Under its leisure projects, Alviera signed to develop the 23-hectare De La Salle Philippines (DLSP) La Salle Botanical Gardens, which will house 25 themed garden patches, a full-scale laboratory, a plant nursery, greenhouses and libraries.

With a 95 percent take up of the Alviera Industrial Park, the estate is expected to launch the second phase, a 32-hectare area accessible from ScTex and near major economic hubs and key cities. 

Meanwhile, the residential area developed by Alveo Land and Avida Land already sold 74 percent of their phase 1 inventory.