ALI partners with two firms for Aurora, Quezon projects

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