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Ayala Land exits Alabang ‘Town stake
Manila Bulletin
|December 17, 2025
Ayala Land Inc. (ALI) has agreed to sell its 50-percent stake in Alabang Commercial Center Corp.
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(ACCC)—the entity that owns and operates the prominent Alabang Town Center (ATC) mall in Muntinlupa City—back to the Madrigal family for 213.5 billion.The real estate giant announced in a disclosure to the Philippine Stock Exchange (PSE) that it has executed a share purchase agreement (SPA) with its existing joint venture (JV) partner. The transaction is contingent on standard closing conditions.
“The unsolicited offer from our JV partner provided a premium, allowing ALI to recognize gains from the sale and monetize its stake in ATC,” said ALI Chief Finance Officer (CFO) and Treasurer Jose Eduardo A. Quimpo II.
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