MANILA, Philippines — Real estate giant Ayala Land Inc. (ALI) has confirmed its interest in two of the three major government assets slated for privatization in 2026, signaling a potential expansion of its existing hubs in Taguig and Makati.
Speaking on Wednesday, February 4, 2026, ALI executive Jose Eduardo Quimpo II stated that acquiring the remaining portion of the Food Terminal Inc. (FTI) Complex in Taguig “makes sense” for the group, given their established presence with the Arca South estate.
Strategic Interest Ayala Land’s interest is focused on properties that align with its current high-growth districts:
- FTI Complex (Taguig): The government is looking to sell the remaining 24-hectare portion of the complex, valued at approximately P40.4 billion. ALI previously acquired 74 hectares of the site in 2012, which it successfully transformed into the Arca South business district. Quimpo noted that the company has already engaged in “exploratory discussions” with the Department of Finance regarding the new parcel.
- The Atrium (Makati): ALI is also considering the privatization of The Atrium, which consists of 24 condominium units and 21 parking slots with a pegged value of P449 million.
- The “No” on Mile Long: Despite its focus on Makati, ALI has explicitly ruled out bidding for the Mile Long Complex, valued at P12.26 billion. Quimpo remarked that he “can’t justify it” and viewed the property as “distant” from the group’s current strategic priorities.
The Privatization Push The Privatization and Management Office (PMO) aims to raise P101 billion this year through the sale of these and other assets to help shore up the national government’s nontax revenues.
2026 Outlook The move comes as Ayala Land seeks to regain momentum following a flat performance in 2025, where nine-month earnings stalled at P21.4 billion. ALI President and CEO Anna Ma. Margarita “Meean” Bautista-Dy expressed a “bullish” outlook for 2026, bolstered by a planned P20-billion asset infusion into its real estate investment trust, AREIT Inc.
As the government prepares the formal bidding process, ALI’s potential participation could significantly boost the state’s revenue targets while further consolidating Ayala’s dominance in the Metro Manila property market.
