Ayala to Partner With Altaraza to Expand Bulacan Estate

In a joint venture between Ayala Land Inc. (ALI) and Altaraza Development Corp. (ADC), the two groups plan to invest ₱20 billion to expand the current estate in San Jose del Monte, Bulacan.

The ₱20 billion will be allocated for the development of over 600 hectares of prime land to be added to the existing estate.

Other offers would include residential products, leisure components, and commercial developments.

The plan for the expanded Altaraza would be to develop into the newest growth center in the North via extensive land use with the thrust to grow Bulacan’s ecosystem into a progressive and upgraded lifestyle.

Altaraza is a 40-hectare mixed-use estate set p by ALI back in 2014.

Currently, this is home to two residential communities from Amaia and Avida, Waltermart Altaraza, and academic institutions such as Colegio de San Agustin (CSA) San Jose del Monte and the STI Academic Center.

ALI recently broke ground on their Lipa, Batangas property spanning 92 hectares as part of their South Luzon expansion.

“We hope to continue our legacy of building master-planned sustainable estates that uplift and enrich lives for more Filipinos and reinforce our commitment to nation-building,”  stated ALI President and CEO Bernard Vincent Dy.

This development of Altaraza is predicted to entice more investments in the Central Luzon area.

This property is close in location to Metro Manila and multiple government infrastructure projects such as the Manila International Airport and the MRT-7.

ALI now has 48 estates, including the Areza estate spanning 92 hectares in Batangas.

Source: Philstar