June 23, 2013

Ayala Land ventures into healthcare

Ayala Land Inc. (ALI) is introducing hospitals in its provincial mixed-use developments. Its first hospital project is a P600-M partnership with Panay Medical Ventures Inc. and will be located in Atria, a mixed-use development in Iloilo.

ALI president and CEO Antonino T. Aquino said mixeduse developments in Makati and Bonifacio Global City in Taguig have benefited significantly from the presence of hospitals such as Makati Medical Center and St. Luke‟s Medical Center.

The property firm allotted P65.5 B in capital expenditures this year as it plans to launch 69 new projects worth P129 B to ensure continuous growth in the coming years. - WealthSec