Ayala Land
Encyclopedia
Ayala Land, Inc. is the real estate arm of Ayala Corporation
, one of the Philippines' oldest and largest conglomerates. From an internal division of Ayala Corporation, it was spun off and incorporated in 1988. It was publicly listed in the Philippine Stock Exchange
(PSE: ALI) in 1991. Its core businesses are in strategic landbank management, residential development, shopping centers, corporate businesses, and hotels. Support businesses are in construction and property management. ALI also derives other income from its investment activities and sale of non-core assets.:
absolved Ayala Land, Inc. (ALI) (attached company for real estate
of holding company
Ayala Corporation
), from liability in the 2007 Glorietta Explosion
. But Gonzalez stated that Ayala Property Management, Corp. (APMC), is still under investigation.
Ayala Corporation
Ayala Corporation is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate...
, one of the Philippines' oldest and largest conglomerates. From an internal division of Ayala Corporation, it was spun off and incorporated in 1988. It was publicly listed in the Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
(PSE: ALI) in 1991. Its core businesses are in strategic landbank management, residential development, shopping centers, corporate businesses, and hotels. Support businesses are in construction and property management. ALI also derives other income from its investment activities and sale of non-core assets.:
Attached companies
Ayala Land is the holding company for a number of subsidiaries and affiliates, including:- Residential Development
- Ayala Land Premier
- Alveo Land
- Avida Land
- Amaia Land
- Shopping Centers
- Ayala Malls (Glorietta, Greenbelt, Market!Market!, TriNoMa, Ayala Center Cebu, Bonifacio High Street/Serendra, Alabang Town Center, Marquee Mall, Abreeza)
- Visayas-Mindanao Operations
- Cebu Holdings, Inc.
- Construction
- Makati Development Corporation
- Property Management
- Ayala Property Management Corporation
- Hotels
- Ayala Land Hotels & Resorts, Corp.
2007 Glorietta explosion
On January 22, 2008, former Justice Secretary Raul M. GonzalezRaul M. Gonzalez
Raúl Maravilla González, was the Chief Presidential Legal Counsel and was the Former Secretary of Justice of the Philippines. He was replaced by Agnes Devanadera in 2009 from the orders of Gloria Macapagal Arroyo.-External links:****...
absolved Ayala Land, Inc. (ALI) (attached company for real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
of holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
Ayala Corporation
Ayala Corporation
Ayala Corporation is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate...
), from liability in the 2007 Glorietta Explosion
2007 Glorietta explosion
The 2007 Glorietta explosion occurred in the Glorietta 2 section of the Glorietta shopping complex at Ayala Center in Makati, Metropolitan Manila, in the Philippines on October 19, 2007 at around 1:25 PM PST. Initial reports indicated that the explosion originated from an LPG tank explosion in an...
. But Gonzalez stated that Ayala Property Management, Corp. (APMC), is still under investigation.