Ayala Land to invest P75B to turn Porac project into mixed-use development

Ayala Land Inc. is pouring in P75 billion in investments in the next two decades to turn its joint development with Leonio Land Holdings Inc. in Porac, Pampanga into a central business district in Central Luzon.

In an e-mailed statement Tuesday, Ayala Land said it is jointly developing a 1,100-hectare property in Porac, Pampanga – named "Alviera" – into a growth center for business and leisure in Central Luzon.

“With ALI’s rich legacy in developing integrated mixed-use communities, Porac will be transformed to a masterplanned estate unlike any other in the province and in the whole of Central Luzon," Ayala Land vice president Meean Dy said in the statement.

"Makati, Nuvali in Laguna, and Bonifacio Global City in Taguig all stand as a testament to the kind of development the region can expect from Alviera,” she said.

This month, Ayala Land will invest P8 billion in five years for the first phase of the project comprised of an industrial park, three residential communities, two educational institutions, and a country club.

“We are known for large-scale, masterplanned, mixed-use and sustainable communities that become thriving economic centers in their respective regions. These growth centers serve as platforms for Ayala Land’s various product offerings, integrating into thriving communities that generate value over time,” Dy said. — Danessa O. Rivera/BM, GMA News