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Ayala Land partners with three firms for Davao dev’t

Property giant Ayala Land Inc. has teamed up with three other companies to develop a nine-hectare property in Bajada, Davao City into a mixed-use community, consisting of retail and business process outsourcing (BPO) facilities.

Ayala Land has entered into agreement with Anflo Management & Investment Corp., Pioneer Trading & Supply Co. Inc. and Davao Motor Sales Co. for the project, which was estimated to cost an initial P2.31 billion.

The project would involve a 40,000-square meter retail development and a 20,000-sqm BPO development.

Ayala Land has a 67-percent equity in the project.

ABS-CBNnews Online

Filed under: Davao Business Updates, Urban Developments in Davao

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