STA. ROSA, Laguna: Ayala Land Inc., the property developer of the Ayala Group, is setting aside P12.5 billion for capital expenditure in the next five years to expand its leasing space to 125,000 square meters by 2020 from the current 85,000 sqms.
Anna Ma. Margarita Dy, vice president and head of ALI Strategic Landbank Management Group, said in a press briefing on Wednesday that the company is now utilizing a P12.5-billion budget towards 2020 to finance the developments at Nuvali apart from the P44 billion so far spent for the development.
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