The Ayala Land Inc. partnered with the Alcantara Group of Companies together with President Rodrigo Duterte on Friday, August 25 unveiled Azuela Cove's master plan during its launching in Lanang, Davao City. Ayala Land Inc. Chairman Fernando Zobel de Ayala assisted the President.
One of the country's leading developer of sustainable estates that offers a diverse mix of quality residential and commercial development - the Ayala Land Inc. (ALI) - has once again partnered with Alcantara Group of Companies, to develop the 25-hectare property into new destination that promises the comforts and convenience of city living. This will soon to attract Davao's City's growing property market and retail investors is the so-called Azuela Cove, seen to become the city's prime waterside business and residential district.
The initial phase to cover a five-year period from 2017 to 2021, the company is set to pour in a projected investment of P8 billion that will be utilized for land developmen, Cove and retail construction, development of Ayala Land high-rise condominium Phase 1 and the St. Luke's Medical Center.
The project is expected to generate 13,000 jobs - a total of 5,880 during the construction phase and 7,120 when fully operational.
Azuela Cove's Masterplan includes The Shops at Azuela Cove, a retail play with a total gross leasable area (GLA) of 4,000 sqm, which will be home to local food favorites as well as classic national and international dining establishments.
Azuela Cove's Masterplan includes The Shops at Azuela Cove, a retail play with a total gross leasable area (GLA) of 4,000 sqm, which will be home to local food favorites as well as classic national and international dining establishments.
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