Ayala bringing township vibe to ABS-CBN property

A new mixed-use development will soon replace a portion of ABS-CBN Corp.'s headquarters in Quezon City once real estate giant Ayala Land Inc. (ALI) finalizes the P6.24-billion purchase of the property.

- By RICHMOND MERCURIO

ALI, a subsidiary of conglomerate Ayala Corp., is looking to transform the 30,000-square-meter ABS-CBN property into a mixed-use project.

"We are currently in the masterplanning phase, assessing the best use for the property," ALI said in a statement to The STAR.

"The focus is on creating a mixed-use development that complements the surrounding community," it said.