Filling Spaces (10/10/17)

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Ayala Land’s Cavite estates

Ayala Land, Inc. (ALI) said two of its latest projects in Cavite have gone “full-swing,” banking on the province’s “continued growth potential.”

With a combined area of almost 1,000 hectares, ALI’s Vermosa estate straddles the cities of Imus and Dasmariñas, while its Evo City is located in Kawit.

“Being one of the most progressive provinces in the Southern Tagalog region, Cavite will continue to be a significant development driver of the country,” Jay Teodoro, Estate Head of Vermosa, said in a statement. “We are committed to contributing to its progress as a major development hub.”

The 700-hectare Vermosa, ALI’s fourth largest mixed-use estate, will be home to 6,000 households as it offers diverse living options by three of ALI’s residential brands — Ayala Land Premier, Alveo, and Avida. About P70 billion will be invested in the estate over its 12-year development period. Central to the estate is a 124-hectare business district projected to generate half a million jobs in Cavite.

Just last June, the De La Salle Santiago Zobel School opened a new campus in Vermosa for its junior and senior high school classes.

Meanwhile, the newly launched Evo City which spans over 200 hectares is being primed to be the next Central Business District south of Metro Manila.

Sixty-two percent of the estate’s initial phase will be for high-density to mid-density mixed-use components, while the remaining 38% will be allocated for low-density residential uses such as its first subdivision The Residences at Evo City by Alveo Land.

Davao township’s new facility

Torre Lorenzo Development Corp. (TLDC) said its affiliate has formalized the sale of a portion of its Davao township Ciudades to the Davao Doctors Hospital.

The one-hectare property within that township “is an important development” for  Davao Doctors Hospital, the hospital’s CEO Raymund del Val said in a statement sent last week.

TLDC’s affiliate Lanang Realty Development Corp. formalized the purchase deal last Sept. 7.

“A satellite facility in Mandug is strategic and will give us greater access to bring our brand of high quality patient care to more people,” the statement read.

The lot is situated within a 200-hectare master planned community composed of residential and commercial areas as well as leisure and educational institutions. It is also home to a the 20-hectare agro-industrial Ciudades Business Park which will house businesses such as manufacturing and processing facilities, BPOs and other enterprises.