THE OFFICE leasing unit of Ayala Land, Inc. (ALI) has signed a five-year lease agreement with Land Bank of the Philippines (LANDBANK) for 3,866.75 square meters of office and automobile parking space on the Ayala Malls Manila Bay Corporate Center.
In a press release on Thursday, Ayala Land Offices, Inc. (ALO) said the space shall be utilized by chosen LANDBANK head office units, departments, and a subsidiary. The lease is scheduled to start on June 1.
Under the agreement, LANDBANK is the lessee, Bay City Industrial Ventures Corp. is the lessor, and ALO will serve because the leasing manager.
ALO said the lease reflects its continuing efforts to satisfy evolving office requirements as organizations adjust their space needs.
Ayala Land reported combined revenues from office and business and industrial lot sales of P12.8 billion in the primary nine months of 2025, up from P10.4 billion in the identical period a yr earlier.
The corporate attributed the rise to lot sales in the primary half and sustained bookings in key locations, including the Makati central business district, Vertis North, and Arca South.
Shares in ALI were unchanged at P22.50 apiece on Thursday. — Alexandria Grace C. Magno