LISTED property developer Ayala Land, Inc. (ALI) is constructing its next central business district (CBD) in Porac, Pampanga.
ALI and Leonio Land Holdings, Inc. recently broke ground for the 120-hectare Alviera Central Business District, which can rise throughout the 1,800-hectare master-planned Alviera estate, it said in an announcement on Tuesday.
The event will host industrial, office, lifestyle, institutional, and hospitality facilities. It should also include wellness, sports, and recreational spaces.
“Prior to this, we also broke ground for Alviera’s first retail development, Alviera Commons, which can house a various mixture of essential retail and dining options,” said Mayi Platero-Rodriguez, senior project development head for South and Central Luzon at Ayala Land Estates.
The event will even feature an open food park and a play area, while providing a backdrop of the Alviera mountain range.
The Alviera CBD will cater to office and data technology-business process management tenants, in addition to healthcare, education, and leisure facilities.
Within the second quarter, Miriam College Alviera is ready to welcome its first batch of elementary and highschool students, while the La Salle Botanical Gardens will begin the primary phase of its development, ALI said.
The Alviera estate is simply 20 minutes away from Clark International Airport and is connected to major roads, including the North Luzon Expressway and Subic-Clark-Tarlac Expressway.
It also features existing attractions similar to SandBox, City Kart, a driving range, and open grounds that draw visitor traffic to the estate.
These developments are expected to position the Central Luzon region as an urban lifestyle hub within the countryside, it added.
In 2024, Central Luzon posted a gross regional domestic product growth of 6.5%, the third-fastest amongst all regions and faster than the national growth rate of 5.7%.
ALI has over 50 estates nationwide, including Bonifacio Global City in Taguig, Cebu Business Park, Makati Central Business District, and upcoming developments in its Nuvali, Laguna and Davao estates.
On the local bourse on Tuesday, ALI shares rose 3.81%, or 80 centavos, to shut at P21.80 apiece. — Beatriz Marie D. Cruz