Federal Land, Alveo ink deal for Laguna project

GT Capital Holdings Inc.’s (GTCAP) property development arm, Federal Land Inc., has entered into a joint venture agreement with Alveo Land Corp., a fully owned subsidiary of Ayala Land Inc., for the development of a 45-hectare property along Laguna Boulevard in Biñan, Laguna province.

Envisioned to be a master-planned residential community, the prime property project is directly accessible from the central business district of Makati City via the South Metro Manila Skyway and the South Luzon Expressway.

It is in close proximity to the De La Salle University Science and Technology Complex and the Ayala Laguna Technopark. In addition, the property is only a few kilometers away from the planned Laguna Boulevard interchange of the proposed Cavite-Laguna Expressway (Calax), and is in the general vicinity of Ayala Land’s Ayala Westgrove Heights and Nuvali projects.

“Through this strategic partnership with Alveo, we look to deepen our involvement in horizontal property development, inasmuch as the historical focus of Federal Land was mostly on high-rise condominium projects. In tandem with Alveo’s proven expertise and track record, we expect to provide much-needed quality homes in a secure, well-planned, and efficient community that will benefit not only the City of Biñan, but other nearby areas of Southern Luzon, as well,” Federal Land President Alfred Ty said.

“We are fortunate to be working with one of the most reputable developers in the country, as this is a project that will reflect our shared vision of improving quality of life. Being rooted in Ayala Land’s heritage of real estate excellence, Alveo Land has always aimed to create an extensive portfolio of holistic communities attuned to the needs of a dynamic, urban lifestyle.” said Alveo Land President Robert Lao.

Biñan is a highly progressive, first-class component city of Laguna. Based on latest available data, the city has a population of 284,000.

Biñan hosts several large industrial parks and commercial establishments. Due to its proximity to the National Capital Region and the presence of major subdivisions, the city may be considered a suburban residential community of Metro Manila.

One of Federal Land’s flagship projects now under construction is the Metrobank-Grand Hyatt Plaza at Bonifacio Global City.

Forming part of the company’s 10-hectare Veritown development, Metrobank-Grand Hyatt’s offerings will include a world-class luxury hotel, and prime office and retail space, among others. Currently, Federal Land has 32 property projects mostly in key Metro Manila areas.