ALI partners with two firms for Aurora, Quezon projects

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Ayala Land, Inc. (ALI) is teaming up with Green Square Properties Corp. (GSPC) and Green Circle Properties and Resources, Inc. (GCPRI) for two projects in Aurora and Quezon province.

In a disclosure to the stock exchange on Tuesday, ALI said it has signed a memorandum of understanding with the two firms for the establishment of a joint venture company. The listed firm is set to own 51% of the JV firm, while 49% will be split between the two partners. — Arra B. Francia