Property giant Ayala Land Inc. (ALI) failed to get a “yes” from the Pasay City government regarding its request to extend the deadline of submission of a counterproposal to SM Group’s unsolicited proposal to reclaim 300 hectares from Manila Bay.
However, a top official of ALI said that the group is “open to partnership” if ever there will be an opportunity to do a business venture with the SM Group involving the said project.
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