Ayala Land Inc. on Thursday said it will spend some P5.2 billion to jumpstart the development of its 49th estate and second venture in Bulacan dubbed Crossroads. Know more:
Ayala Land Inc. on Thursday said it will spend some P5.2 billion to jumpstart the development of its 49th estate and second venture in Bulacan dubbed Crossroads.
“Crossroads will be the first integrated commercial and lifestyle district by Ayala Land to cater to the growing needs of the industries and the communities within and around. Our vision is to open up new investments, new commercial developments that can provide convenience and opportunities for all,” Bernard Vincent O. Dy, the company’s president and CEO, said during the project’s groundbreaking ceremony.
John R. Estacio, Ayala Land assistant vice president and Crossroads project manager, said the initial capital expenditure will be spent to develop the road network, and land development for the commercial side of the property that comprises 20 percent of the whole area.“As we complete the plan for the residential, you will expect our spending to increase,” Estacio said.
Estacio said Ayala is also in talks with a big quick-service restaurant brand to set up shop in the estate.
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