Property developer Ayala Land Inc. commits to infuse an additional P10 billion over the next three to five years to further develop 300 hectares of commercial land in Porac in Pampanga called Alviera.
Some P2 billion of the investments will be spent on its first commercial hub, called the A-Block, within the proposed central business district.
Mel Eugenio-Triviño, Ayala Land estate development manager, said A-Block has 12 units of 1,500 to 2,200 square meters in size, which the company is selling for P70,000 a square meter.
“It is an ideal investment opportunity for businesses seeking to tap into the bustling Central Luzon market and position their businesses in the fast-growing region,”Triviño said.
The A-Block commercial hub is a walkable and green environment with anchor developments such as Miriam College and the Alviera Country Club. Triviño said there will be more of these commercial blocks in Alviera in the coming years as the property matures.
Alviera is now a 1,714-hectare mixed-use estate in Central Luzon poised to be the region’s growth center. It started in 2014, with Ayala Land infusing P10 billion to develop 430 hectares of prime land and offer a diverse and complementary mix of uses and developments to its stakeholders.
The estate now has over 5,000 residential units sold across 9 villages, three operating industrial park locators and 10 more coming this year.
The 10-hectare Miriam College campus is well underway with its first building for completion by end of the year in time for face-to-face classes and activities for basic education and professional programs for school year 2024-2025.
The LaSalle Botanical Garden is also in the works, which will soon house a Botanical Research Center, chapel, themed gardens and more within the estate.
Residential villages by Ayala Land’s flagship residential brands Ayala Land Premier, Alveo and Avida brand has sold over 5,000 units across nine villages.
“So far four villages have been turned over to buyers and about 150 houses have been built and some under construction,” the company said.
Support infrastructure and utilities like road network, power, water and telco are in place throughout the 430-hectares of activated land within the estate.
Alviera’s first commercial hub, the seven-hectare East Commercial Center, is now 80 percent sold with initial investors now enjoying a 10 percent compounded annual growth rate.
pAlviera is a joint venture development of Ayala Land and Leonio Land.
