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Ayala-Alcantara joint venture taps Gaisano for Azuela Cove supermarket

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ALSONS Consolidated Resources, Inc. Director Editha A. Alcantara (left) and Ayala Land, Inc. Assistant Vice-President Enrique B. Manuel, Jr. talk about plans for Azuela Cove in Davao City on June 23. —CARMELITO Q. FRANCISCO

DAVAO CITY — Azuela Cove, the joint township project of the Ayala and Alcantara groups, will have a multilevel supermarket to be put up by mall developer DS Gaisano Group, Inc.

“Our plans are moving aggressively forward,” Ayala Land, Inc. (ALI) Assistant Vice-President Enrique B. Manuel, Jr. told BusinessWorld on the sidelines of Saturday’s launch of the company’s second luxury condominium tower within the 25-hectare complex.

Aside from the supermarket, plans are also under way for the construction of a school, a hotel, and another office building.

Mr. Manuel said they are still finalizing the contract with DS Gaisano for the supermarket, which is targeted for completion by end-2019.

“We are still exchanging ideas on plans (for the supermarket),” he said.

The planned academic institution would be an Enderun Colleges, owned by homegrown tycoon Dennis A. Uy. It will be built on a 3,000-square meter area.

Mr. Uy, through his Udenna Corp., last year bought the high-end school, which has its main campus at the Fort Bonifacio Global City in Taguig City. The school offers courses in the hospitality industry and business management.

Mr. Manuel also said that they have started negotiating with a hotel brand, but declined to give the name.

“There is going to be a hotel… and we will start to push the development,” he said.

Meanwhile, several restaurant chains are expected to open within the complex next month, adding to the first operational locator, Cafe Laguna.

A 200-room St. Luke’s Medical Center will also be constructed at the township, which used to be the location of a plywood factory of the Alcantara Group of Companies.

Editha I. Alcantara, director of Alsons Consolidated Resources, Inc., said buyers of the condominium units appreciate the whole development of the Azuela Cove.

“We have partnered with the best, so we and the buyers expect for the best results,” Ms. Alcantara said during the launching event.- — Carmelito Q. Francisco





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