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ALI investing P10.3 B in largest mixed-use project in Mindanao
The Philippine Star
|October 03, 2025
Property giant Ayala Land Inc. (ALI) is pouring in P10.3 billion to develop its largest mixed-use development in Mindanao called Ascenda.
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In photo (from left) are Fernando Zobel de Ayala, Ayala Land director; Meean Dy, Ayala Land president and CEO; Ma. Linda Lagdameo, Anflo Group of Companies, chairperson; Davao City Vice Mayor Rigo Duterte II; Ricky Floirendo, Anflo Group of Companies, vice chairman; Jaime Augusto Zobel de Ayala, Ayala Land chairman.
Ascenda is a 204-hectare master planned and nature-inspired project located in Davao’s Toril District, which will be developed in partnership with Mindanao-based Anflocor.
It will serve as ALI’s 54th estate in its portfolio and is expected to help fuel Davao City’s growth further.
“Davao is truly a city on the rise, with its economic growth outpacing the national average. Major infrastructure projects — the Samal-Davao Bridge, the Coastal Road and the Davao Bypass Road — are unlocking new connectivity and opportunities,” ALI president and CEO Meann Dy said.
Cette histoire est tirée de l'édition October 03, 2025 de The Philippine Star.
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