Ayala Land rolls out ₱4.4B Cresendo phase 3 in Tarlac

Ayala Land Inc. (ALI) is rolling out ₱4.4-billion worth of inventory under phase three of its commercial lots in Cresendo, its 290-hectare (ha) estate in Tarlac, after the first two phases have been sold out amid strong investor demand.

- By JAMES A. LOYOLA

The real estate giant said the commercial lots were taken up as national brands establish presence in the province. Its 32ha industrial park is also 98 percent sold, with locators expected to generate around 2,000 jobs once operations commence.

The estate's growth comes as Tarlac posts a 6.7-percent gross domestic product (GDP) expansion, outpacing the national average and benefiting from infrastructure links such as Subic-ClarkTarlac Expressway (SCTEX) and proximity to Clark International Airport.