MDC and Takenaka Forms Joint Venture Company
March 26, 2024Two leading design and construction companies, Makati Development Corporation (MDC) of the Philippines, and Takenaka Corporation of Japan, recently finalized an agreement to establish MDTK Corporation. A ceremonial launch event was held last March 21, 2024 in Makati City and was attended by top executives from Ayala Corporation, Ayala Land, Inc., MDC, and Takenaka.
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AREIT Announces Leadership Transition; Appoints Alberto de Larrazabal as President
August 13, 2025Makati City, Philippines — AREIT, Inc., the Philippines’ first publicly listed Real Estate Investment Trust (REIT) and a pioneer in sustainable commercial leasing, announced today the appointment of Alberto M. de Larrazabal as its new President, effective August 13, 2025. He succeeds Jose Eduardo A. Quimpo II, who steps down after a successful tenure leading the company through accelerated growth and diversification.
Canopy by Hilton to Debut in Manila
August 13, 2025Makati City to welcome Philippines’ first Canopy by Hilton in 2026.
Ayala Land achieves 1H25 Net Income of Php14.2Bn, 8% higher year-on-year
August 6, 2025Ayala Land, Inc. (ALI) posted P14.2 billion net income in the first semester of 2025, an 8% growth from last year anchored on the strength of its diversified portfolio. The Company’s consolidated revenues reached P83.1 billion on the back of steady Property Development revenues and solid Leasing and Hospitality operations.