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AyalaLand Logistics acquired a ready-built facility and the land on which it stands for P1.237 billion
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The facility will be operated under the ALLHC Group’s warehouse leasing brand ALogis and renamed ALogisSto. Tomas
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The facility with gross leasable area (GLA) of 64,000 square meters sits on a 96,980 sqm piece of land in Sto. Tomas, Batangas
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The purchase has increased ALLHC’s portfolio to a total of 288,000 sqm ALogis GLA
AyalaLand Logistics Holdings Corp. (ALLHC) has expanded its warehouse leasing property with the acquisition of a ready-built facility and land in Sto. Tomas, Batangas.
ALLHC subsidiary Ecozone Power Management, Inc. (EPMI) acquired the facility and the land on which it stands from Shen Long Property Management, Inc. and Aibis Land Management Inc., respectively, for P1.237 billion.
EPMI, which signed the deed of absolute sale on January 7, will assume ownership of the existing facility and continue its operations under the ALLHC Group’s warehouse leasing brand, ALogis.
With gross leasable area (GLA) of 64,000 square meters (sqm), the facility sits on a 96,980 sqm piece of land located within the Light Industry & Science Park (LISP) III in Sto. Tomas, Batangas.
LISP III is accessible from Manila via the South Luzon Expressway and the Southern Tagalog Arterial Road from Batangas City. Accredited by the Philippine Economic Zone Authority, the ready-built facility currently serves lessee-companies in the manufacturing and logistics industries.
As ALLHC Group’s first industrial property in Batangas, the facility will be renamed ALogisSto. Tomas. The addition of 64,000-sqm of GLA increased ALLHC’s portfolio to a total of 288,000 sqm ALogis GLA.
ALLHC said the transaction strengthens its vision to be the leading real estate logistics and industrial park developer and operator in the Philippines.
It earlier announced it was set on building its national footprint by growing its warehouse GLA to 500,000 sqm, establishing its presence in 10 key locations across the country and creating new business platforms by the year 2025.
A subsidiary of Ayala Land, Inc., ALLHC has principal business interests in holding companies, commercial leasing, industrial lot sales and development, and retail electricity supply. Its subsidiaries include Laguna Technopark, Inc.; Unity Realty Development Corp.; Orion Land, Inc.; Tutuban Properties, Inc.; LCI Commercial Ventures, Inc.; and FLT Prime Insurance Corp.
