Ayala Land - Achievement in Growth

Company: Ayala Land, Inc. | AREIT Inc. , Makati City, Metro Manila
Company Description: Ayala Land, Inc. is the largest property developer in the Philippines, designing large-scale, mixed-use estates that have grown into thriving economic centers. AREIT, Inc. (AREIT) is the first Philippine Real Estate Investment Trust (REIT), pioneered by the country’s largest and most trusted real estate developer, Ayala Land, Inc. (ALI), as its sponsor.
Nomination Category: Achievement Categories
Nomination Sub Category: Achievement in Growth

Nomination Title: Ayala Land, Inc. | Ayala Land Offices, Inc.

Established in 2013, Ayala Land Offices Inc. (ALO) is the Philippines’largest office developer witha property portfolio of 1.2millionsq.m of gross leasable area across 60 properties nationwide. It is a wholly-owned subsidiary of Ayala Land, Inc, the Philippines largest and most trusted real estate developer.

Its office buildings are located in prime locations in key growth centers across the country, seamlessly integrated within Ayala Land’s mixed-use developments, that are masterplanned based on sustainable design principles that cultivate work-life balance ideal for the active, young, working population to thrive.

At the forefront of sustainability and innovation, ALO continuously seeks new ways to elevate the office standard in the market, subscribing to and equipping its offices with the latest advancement and measures, and constantly pushing for progression in the office real estate industry. It is home tothe largest local and multinational companies, attracting local and foreign investment and providing jobs to over 136,000 Filipinos in the country.

In the last 8 years, ALO has achieved its position as the largest office developer in the Philippines with 60 properties nationwide. Located in 6 major cities and 7 provinces, ALO grew its gross leasable area (GLA) by 12% annually since 2013 ending 2020 with a total GLA of 1.2 million sq.m.

Its varied product offerings consist of premium headquarter offices, BPO buildings, and co-working spaces,which cater to all types of markets.Its HQ towers are home to Fortune 500 companies and large corporations. ALO’s BPO buildings host leading international players in the industry such as Concentrix, Teleperformance, and Google establishing good long-term relationships as the preferred landlord in the country. In 2017, ALO also launched its own coworking space, Clock In, catering to start-ups and SMEs. To date, it has 8 branches in 6 locations across the Philippines.

Maintaining high overall occupancy of 94% with weighted average lease expiry of 3.8 years, ALO reported revenues of PHP8.09 billion and net income of PHP4.73 billion in 2020 despite unstable economic conditions.

Notwithstanding regulatory and economic challenges,ALO also boldly pioneered AREIT, the Philippines’ very first real estate investment trust (REIT) in 2020, two times oversubscribed. To date, AREIT has outperformed both the Philippine Stock Exchange and Property Indices growing 27.5% since its IPO. ALO, through AREIT, was instrumental in refining the Philippine REIT law, which paved the way for other developers to follow in its footsteps in launching their own REIT.

While the Philippine real estate sector was faced with significant challenges brought by the global health crisis, ALO exhibited strong resilience minimizing the pandemic’s impact on its operations and growth. Despite widespread lockdowns, ALO’s properties safely remained open and occupancy remained healthy at 94% in 2020.

Faired against other local players in the market, ALO continues to sustain its position as top office developer expecting to hold its lead up to 2025 based on current project pipelines of competitors. By then, ALO would complete several new office projects amounting to over 200 thousand sq.m increasing its overall leasing portfolio to 1.4 million sq.m.

By also pioneering REITs in the Philippines, ALO through AREIT was able to lay a foundation to jumpstart the Philippine REIT economy and helped refine the implementing guidelines in establishing a best-in-class REIT. This demonstration of innovation in the Philippine capital markets paved the way for other local developers join in and contribute in promoting reinvestment in the country. Competitors such as DoubleDragon Properties recently launched DDMP REIT last March 2021, while other large players like Filinvest, Megaworld, and Robinsons have also announced their intent to launch their own REIT this year.

As the leading company in the office real estate sector, ALO continuously seeks new ways to elevate the office standard and drive progression in the local industry, constantly pushing the capabilities and ideals of what a developer can offer and adapting to the ever-changing needs of its clientele.

Official Company Website Links

Ayala Land, Inc. https://www.ayalaland.com.ph/
Ayala Land Offices, Inc.https://ayalalandoffices.com.ph/
AREIT, Inc.https://www.areit.com.ph/

Property Portfolio (ATTACHED)
Supporting Articles (ATTACHED)

https://www.ayalaland.com.ph/ayala-land-continues-to-expand-in-new-growth-centers/ Ayala Land continues to expand in new growth centers

https://www.bworldonline.com/ayala-land-signs-office-lease-for-makati-building/ Business World: Ayala Land signs office lease for Makati building

https://asia.nikkei.com/Business/Markets/Property/Ayala-taps-REIT-to-snag-foreign-cash-for-Philippine-office-boom Nikkei Asia: Ayala taps REIT to snag foreign cash for Philippine office boom

https://business.inquirer.net/305763/ayala-land-creates-thriving-investment-worthy-commercial-spaces Philippine Daily Inquirer: Ayala Land creates thriving, investment-worthy commercial spaces

https://www.philstar.com/business/real-estate/2019/07/28/1940012/business The Philippine Star: Enhancing the streetscape of the premier business capital

https://www.philstar.com/other-sections/supplements/2020/01/14/1983387/ayala-land-offices-opens-2nd-coworking-space-makati-cbd The Philippine Star: Ayala Land Offices opens 2nd coworking space in Makati CBD

AREIT Official Annual Reports (ATTACHED)
AREIT 2020 Integrated Report
AREIT SEC/PSE Edge Disclosures (ATTACHED)
SEC FORM 17-A for the Fiscal Year Ending Dec 31, 2021
AREIT Press Release Articles (ATTACHED)
AREIT stockholders approve P15B property-for-share swap with ALI
AREIT property value to reach P52B via accretive P15B asset infusion by ALI
AREIT acquires 9.8-hectare land leased by IMI in Laguna Technopark
AREIT posts FY20 income of P1.23B, declares 4Q20 dividends of 0.39/share
AREIT 9M 2020 Analyst Briefing Slides
AREIT 9M20 Net Income at P844 million, on-track with REIT Plan