SOUTH. An aerial render of Ayala Land's Metro Nuvali Civic District in Sta. Rosa, Laguna.SOUTH. An aerial render of Ayala Land's Metro Nuvali Civic District in Sta. Rosa, Laguna.

Ayala Land sells stake in Alabang Commercial Center to partner Madrigal family

2025/12/16 15:58

MANILA, Philippines – Ayala Land Incorporated (ALI) has sold its 50% ownership of Alabang Commercial Center to the Madrigal family for P13.5 billion. (READ: Jamby Madrigal: Unafraid to pick a fight)

The Alabang Commercial Center Corporation owns and operates Alabang Town Center, a pioneer mall in Muntinlupa City, south of Manila. 

In a disclosure on Tuesday, December 16, the Zobel de Ayalas’ property company said the share purchase agreement was with its existing joint venture partner and is subject to customary closing conditions.

Alabang Town CenterPLAZA. The town plaza of the Alabang Town Center, a pioneer mall in Muntinlupa City, in June 2024.

ALI said the Madrigals made an unsolicited offer which “provided a premium, allowing ALI to recognize gains from the sale and monetize its stake in Alabang Town Center.”

It added that “proceeds from the sale will fuel further growth” in its “leasing portfolio and provide our stakeholders with return of capital.”

In the early 1970s, the Madrigal family offered to sell a big tract of land in Alabang to Ayala Corporation, then headed by Enrique Zobel. The two groups decided on a joint venture to develop the 661-hectare agricultural land into a residential-commercial district. (TRIVIA: What some of the richest Filipinos have in common)

The area now houses the Alabang Town Center, Ayala Alabang Village, and the Madrigal Business Center District, an area considered to be a symbol of progress and prosperity south of the capital.

Ayala Land says it is the “largest and most diversified real estate conglomerate in the Philippines,” with projects in large-scale residential and industrial estates, malls, hotels and resorts. It had 53 estates as of end 2024. It develops and leases shopping centers through Ayala Malls and offices through Ayala Land Offices. – Rappler.com

Must Read

Ayala Land bullish on expansion beyond metro, doubles down on Nuvali 

Market Opportunity
Outlanders Logo
Outlanders Price(LAND)
$0.00026
$0.00026$0.00026
-0.76%
USD
Outlanders (LAND) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

‘One Battle After Another’ Becomes One Of This Decade’s Best-Reviewed Movies

‘One Battle After Another’ Becomes One Of This Decade’s Best-Reviewed Movies

The post ‘One Battle After Another’ Becomes One Of This Decade’s Best-Reviewed Movies appeared on BitcoinEthereumNews.com. Topline Critics have hailed Paul Thomas Anderson’s “One Battle After Another,” starring Leonardo DiCaprio, as a “masterpiece,” indicating potential Academy Awards success as it boasts near-perfect scores on review aggregators Metacritic and Rotten Tomatoes based on early reviews. Leonardo DiCaprio stars in “One Battle After Another,” which opens in theaters next week. (Photo by Jeff Spicer/Getty Images for Warner Bros. Pictures) Getty Images for Warner Bros. Pictures Key Facts “One Battle After Another” boasts a nearly perfect 97 out of a possible 100 on Metacritic based on its first 31 reviews, making it the highest-rated movie of this decade on Metacritic’s best movies of all time list. The movie also has a 96% score on Rotten Tomatoes based on the first 56 reviews, with only two reviews considered “rotten,” or negative. The Associated Press hailed the movie as “an American masterpiece,” noting the movie touches on topical political themes and depicts a society where “gun violence, white power and immigrant deportations recur in an ongoing dance, both farcical and tragic.” The movie stars DiCaprio as an ex-revolutionary who reunites with former accomplices to rescue his 16-year-old daughter when she goes missing, and Anderson has said the movie was inspired by the 1990 novel, “Vineland.” Most critics have described the movie as an action thriller with notable chase scenes, which jumps in time from DiCaprio’s character’s early days with fictional revolutionary group, the French 75, to about 15 years later, when he is pursued by foe and military leader Captain Steven Lockjaw, played by Sean Penn. The Warner Bros.-produced film was made on a big budget, estimated to be between $130 million and $175 million, and co-stars Penn, Benicio del Toro, Regina Hall and Teyana Taylor. When Will ‘one Battle After Another’ Open In Theaters And Streaming? The move opens in…
Share
BitcoinEthereumNews2025/09/18 07:35
XRP Price Prediction: Can Ripple Rally Past $2 Before the End of 2025?

XRP Price Prediction: Can Ripple Rally Past $2 Before the End of 2025?

The post XRP Price Prediction: Can Ripple Rally Past $2 Before the End of 2025? appeared first on Coinpedia Fintech News The XRP price has come under enormous pressure
Share
CoinPedia2025/12/16 19:22
DMCC and Crypto.com Partner to Explore Blockchain Infrastructure for Physical Commodities

DMCC and Crypto.com Partner to Explore Blockchain Infrastructure for Physical Commodities

The Dubai Multi Commodities Centre and Crypto.com have announced a partnership to explore on-chain infrastructure for physical commodities including gold, energy, and agricultural products. The collaboration brings together one of the world's leading free trade zones with a global cryptocurrency exchange, signaling serious institutional interest in commodity tokenization.
Share
MEXC NEWS2025/12/16 20:46