ALI lands in RP’s top 10 developers
Ayala Land Inc (ALI) was named one of the top developers in the Philippines for the third consecutive year by the BCI Media Group in its recent BCI Asia Awards 2016 (BCIAA) for top 10 developers.
BCIAA honors the most commercially significant developers in Hong Kong SAR, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
The BCI Asia Awards cited ALI as a developer with one of the greatest aggregate values of projects under construction during the last full calendar year, weighted by the extent of sustainability practices and confirmed green building ratings. The evaluation of awardees ensures that firms with a greater portfolio of sustainable projects will have higher odds of making it to the top 10.
As a result, the BCI ranking provides an international overview of developers with the most significant contribution towards sustainable architecture in the seven regional markets across Asia.
“We are thankful to the BCI Media Group for recognizing the effort we put into our sustainability initiatives,” said Joel Luna, ALI’s head of Innovation and Design Group. “Our triple bottom line approach that balances environment, economy and community is integrated in everything we do and forms part of the blueprint for all our projects,” he added.
ALI’s commitment to building sustainable communities has earned for it various citations through the years. Aside from sustainability awards, the Company was also named Overall Best Managed Real Estate Company in Asia by FinanceAsia for 2015 and 2016. It was also cited as one of the Philippines’ best managed publicly-listed companies and Best in Investor Relations, and ranks consistently among the top companies in corporate governance, among others.
ALI posted a net income of P4.7 billion in the first quarter of 2016, 14 percent higher than the P4.12 billion it reported in the same period last year. Driven by the sustained growth of its diverse property development businesses nationwide, ALI earned consolidated revenues of P26.97 billion — an eight percent increase over the P25.06 billion it generated in the first three months of 2015.
The first quarter of 2016 also saw the company expanding its business platform of developing large-scale, integrated, mixed-use estates, as well as building on the positive performance of its residential and commercial leasing businesses.
ALI currently has 18 estates spanning close to 9,000 hectares of property with multiple projects underway in each one.