Alphaland Bay City [mix]

[venntro]

PART 2 of 2: Crisis not slowing Ongpin’s buying (http://http://business.inquirer.net/money/topstories/view/20081014-166271/Crisis-not-slowing-Ongpins-buying)
By Daxim Lucas
Philippine Daily Inquirer
10/14/2008

Few people doubt the business acumen of Roberto V. Ongpin.

There are also a few who doubt that the expansion of his business empire—worth at least P60 billion in owned stock, plus control over market capitalization of a similar value—would be impossible without two elements.

The first is his alliance with UK-based emerging markets investment fund Ashmore Group. Through its arm that invests in so-called “special situations,” the firm has lent Ongpin the leveraging power of its $37.5-billion asset base. Ashmore, simply put, has been instrumental in all of the group’s deals and acquisitions.

A person familiar with the symbiotic relationship between Ongpin and Ashmore describes it this way: The former provides strategic vision, while the latter provides the cash to execute transactions.

It is here where the second critical element in Ongpin’s empire comes into play: The man responsible for merging the former Marcos trade minister’s vision with Ashmore’s financial muscle is former undersecretary of finance Eric O. Recto, Ongpin’s nephew.

Since leaving government service in 2005, Recto has overseen every single deal executed by the growing empire. While he nominally serves as vice chairman of the group, Recto functions more like a hyper-charged CEO who also oversees operations of firms where they are invested.

Under Recto, the group acquired a razor-thin majority in Petron Corp., trumping the bid of cash-rich Gokongwei group. People familiar with the deal told the Inquirer that the Ongpin-Ashmore alliance learned “very early on” and “way ahead of even the government” that Saudi Aramco was selling out of the company. This knowledge helped it prepare a superior bid and lay down a robust takeover plan that went beyond simply having the financial resources.

This nose for deals, combined with sheer bravado, also helped the group acquire what is now the Alphaland Southgate tower from the Puyat family for P1.3 billion earlier this year. Alphaland is spending an additional P1.2 billion to turn the 25-year-old structure into a business process outsourcing center and shopping mall.

The firm also bought a lot on Ayala Avenue in Makati City where it will build the “Ashmore Ayala Tower.” It entered into an agreement with the Boy Scouts of the Philippines to develop the Sime Darby property, also on Ayala, into a mixed-use development.

By next year, Alphaland will launch a 32-hectare project on the Manila Bay reclamation site (between SM Mall of Asia and Pagcor City) called the Alphaland Bay City, which will include a hotel in the middle of a marina, inspired by Dubai’s world-famous Burj Al Arab hotel.

The group has also entered the natural resource sector, with its drive to accumulate shares in Philex Mining Corp. Its accumulated 20-percent stake in the country’s largest mining firm was sold last week to Hong Kong-based First Pacific Co. led by Manuel V. Pangilinan—a strategic investor which can infuse the additional capital necessary to raise Philex’s gold and copper output.

With success comes the inevitable murmuring on the group’s ties. It deals closely with Pangilinan, who also chairs Philippine Long Distance Telephone Co., while speculation is also rife about its alleged ties with First Gentleman Jose Miguel Arroyo.

“They’re not hypocrites,” one business partner said of the Ongpin group’s methods. “They operate under an overriding business ethic, but they know how to work the local system, too.”

More importantly, however, the Ongpin group is unfazed by the ongoing global economic crisis and is taking the opportunity to expand its empire further, especially in the property, information technology and natural resource sectors.

In fact, it is likely to emerge even bigger once the dust settles in a few months.

[RonnieR]

32 hectare project? It's huge, closer with Pagcor's 40 ha. project

[JulZ]

woah! another big one. why not join forces with pagcor's mbt(manila bay tourism) city? anyways, proceed with the project!:)

[ruralvillage]

Ibang klase! :banana: :banana: :banana: The next big thing!

[702flyguy]

what is alpha land track record?

[Lord_Cedric]

Looking forward to this one

[leechtat]

really great news... ongpin with ashmore group's backing, it seems that there is no global economic crisis going on.. i do hope this project pushes through.. more jobs for the filipino people..

[rjekonomista]

iba pa ba to sa west marina bay?

[JulZ]

^^iba pa ata to.

[sylviamoon]

:applause:all these mixed-use developments will surely give more jobs to more pinoys. i hope they all push through, especially those townships in the bay area!

[JulZ]

^^kaya pabalikin n dto sa pinas lahat ng filipino construction workers sa dubai, at cmulan na tong mga projects sa manila bay! hehe

[stanleymalls]

^^ Mas lalo nanamang magiging SOSYAL ang Manila Bay in a span of 5-10 years!

Ituloy ang SOSYAL na pagrereclaim ng lupa ng tulad sa Dubai! :lol: :jk:

[shamhoy]

Cool! Another Project. New Jobs for sure in that area. :)

[luckyeight]

Anyone know the latest on this proposed development....TIA

[in_a_rush]

wala pa ding updates dito pati na rin sa West Marina Bay. wala pa ring rendering yung Pagcor City. mukhang naghihintayan sila. sana sabay-sabay silang maglabas para masaya. at sana before christmAs!:banana:

[manila_eye]

sana linisin ang manila bay para pwedeng pagliguan ng mga tao. additional tourism din yun.

[pau_p1]

well.. marami namang currently na naliligo pa sa Manila Bay.. just go to the breakwater area or near the Baywalk...

[jaygold06]

wala pa ding updates dito pati na rin sa West Marina Bay. wala pa ring rendering yung Pagcor City. mukhang naghihintayan sila. sana sabay-sabay silang maglabas para masaya. at sana before christmAs!:banana:

Ang alam ko sabay sabay na ang construction nitong mga proyektong ito... Ang balita ko sa WESMA Bay 1st quarter of 2009 daw.:banana:

[manila_eye]

well.. marami namang currently na naliligo pa sa Manila Bay.. just go to the breakwater area or near the Baywalk...

i mean pwedeng paliguan ng mga normal na tao not only by urban poor:bash: wag magalit sa post ko.:lol:

Ang alam ko sabay sabay na ang construction nitong mga proyektong ito... Ang balita ko sa WESMA Bay 1st quarter of 2009 daw.:banana:

could you give us clear details about westmarina bay? the developer?

[pau_p1]

uy.. may normal na mga urban people na naliligo dun.. swear... though walang mga taga-alta de sociedad...

[stanleymalls]

^^ Eww...... Manila Bay di pa masyadong malinis.....

[thomasian]

uy.. may normal na mga urban people na naliligo dun.. swear... though walang mga taga-alta de sociedad...

Kuya Paul normal ka rin naman diba? Try mo ngang maligo dun! :D

[calaguyo]

^^kaya pabalikin n dto sa pinas lahat ng filipino construction workers sa dubai, at cmulan na tong mga projects sa manila bay! hehe

Hayaan na natin ang mga construction workers na kasalukuyang nasa Pinas ang gumawa niyan. Trabaho din iyon para sa kanila.

I wish dumating yung panahon, na tayo naman ang mag import ng mga foreign workers (either blue collar or white collar jobs).

[venntro]

If we are to base it on the magnificent work currently being done on the Alphaland Southgate Tower, Ashmore's Alphaland Bay City promises to be another ultra high end development.

From the looks of things, we now have a serious rival to the Ayalas and the Shangrilas in terms of ultra high end development companies. Alphaland is the next big thing in real estate development.

[in_a_rush]

and i hope they will focus muna on Alphaland Bay City. very prime location considering its proximity to MOA and Pagcor City. sana they will release soon their rendering o kahit ideas muna on what they are going to build.

[pau_p1]

Kuya Paul normal ka rin naman diba? Try mo ngang maligo dun! :D

hahah... allergic ako sa dagat!... :lol:

[ruralvillage]

Alphaland allots P1.4B for redevelopment of Southgate tower (http://www.philstar.com/Article.aspx?ArticleId=427642&publicationSubCategoryId=66)
By Zinnia B. Dela Peña December 29, 2008 12:00 AM
Philstar.com (http://www.philstar.com/Article.aspx?ArticleId=427642&publicationSubCategoryId=66)

Alphaland Corp., chaired by former trade and industry czar Roberto V. Ongpin, is allotting P1.2 billion to P1.4 billion for the redevelopment of the 25-year Southgate tower into a retail and business process outsourcing complex.

Petron president and former finance undersecretary Eric Recto said Southgate tower, which Alphaland acquired from the Puyat family for P1.2 billion earlier this year, will offer 40,000 square meters of office space and 20,000 square meters of retail space.

Recto said the shopping mall is expected to be completed in April 2009.

The structure is located beside Dasmarinas Village on the corner of Epifanio de los Santos Avenue and Chino Roces Ave.

Alphaland is also set to launch next year Alphaland Bay City which will comprise of a marina and a hotel. The project will be situated on a 32-hectare property along Manila Bay on Roxas Boulevard.

The company recently acquired two parcels of land covering 1,200 square meters each along Ayala Avenue from Sta. Lucia Land Inc. for P820 million which the group intends to build the Ashmore Ayala Tower. The lots, beside Prudential Bank Building, were the former site of the unfinished Associated Bank building.

Aside from this, Alphaland will develop a mixed-use complex also on Ayala Avenue in pursuant to an agreement it signed with the Boy Scouts of the Philippines.

Alphaland, which is controlled by British fund manager Ashmore Group, recently raised its authorized capital stock to P1 billion from a meager P10,000 to fund its real estate development projects.

Ashmore has been a long-time investor in the Philippines with holdings in telecommunications (ISM Communications), oil exploration (Philex Petroleum Corp.), and water (Maynilad)

Ashmore was started in 1992 as part of the Australia and New Zealand Banking Group. In 1999, Ashmore became independent. As of September 2008, Ashmore had $32 billion in pooled funds, segregated accounts and structured products.

[venntro]

Alphaland allots P1.4B for redevelopment of Southgate tower (http://www.philstar.com/Article.aspx?ArticleId=427642&publicationSubCategoryId=66)
By Zinnia B. Dela Peña December 29, 2008 12:00 AM
Philstar.com (http://www.philstar.com/Article.aspx?ArticleId=427642&publicationSubCategoryId=66)

Alphaland is also set to launch next year Alphaland Bay City which will comprise of a marina and a hotel. The project will be situated on a 32-hectare property along Manila Bay on Roxas Boulevard.
.

^^ A 32 hectare property development is really huge!!! This will even rival PAGCOR city which has a 40 hectare development. And basing it on the Ayala Southgate tower development where glass claddings are being put even on the sides of the building, Alphaland seems to be a developer which will not compromise quality and aesthetics even if it will mean additional costs.

Can't wait for the rendering since they will launch it already by next year.

[aprilryan]

no news yet? di ba this year daw ang launch?

[infowild]

any update on this project?

[epik ll ian]

haha we've been waiting for this launch for 9 months now x)

[[dx]]

Alphaland Bay City

It is a Commercial and Residential complex that will have state-of-the-art community-based intelligence, 100% telecommuting, unmatched bay views and eco-friendly self sufficiency. It will support all the requirements to grow businesses, to achieve personal life-enrichment and to provide family comfort.

The most desirable property in any city in the world is the bay front, where the view of nature and the sea is prized above concrete and glass skyline. With 32 hectares along Manila Bay, Alphaland Bay City is not only the largest single development of its kind in Manila, but the only one.

A world class marina and yacht club will be Alphaland Bay City’s centerpiece, surrounded by a sweeping boardwalk lined by outdoor cafés and boutiques, overlooked by five-star hotels. Low-rise commercial buildings will be backed by medium rise residential buildings then by high-rise skyscrapers.

The vision for Alphaland Bay City is a highly efficient place to work, play and live that is part of the inner city but not in it. The entire property will have wide green parks, all leading to the magnificent natural vista of the bay.

Masterplanned by globally renowned urban planners, Hellmuth, Obata and Kassabaum (HOK).

Construction begins 2012
Completion slated for 2015

http://i1015.photobucket.com/albums/af278/dxb_01/photo-01b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-02b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-03b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-04b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-05b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-06b.jpg

Source (http://alphaland.com.ph/bay/index.html)

[diz]

Ayus!!!!!!!!

[Alpha350]

Oohh la la!! ang ganda nito!!! sana maideliver ito on time. :banana2:

[friendlypirate]

With hopefully an upcoming stable and honest government, this is not far from reality :)

[Muymuy]

super! i'll pray na sana magkatotoo talaga to.

wider roads maybe? magiging dense kc yung lugar.

[in_a_rush]

why oh why? why do they have to show us the rendering now pero sa 2012 pa sisimulan ang construction??? masyado tayong binibitin.. at pinaghihintay with this kind of developments. haayyy...

[in_a_rush]

The most desirable property in any city in the world is the bay front, where the view of nature and the sea is prized above concrete and glass skyline.

I soo agree on this. up to now, i still dont get it why Roxas blvd is under utilized. there are still cheap buildings and empty lots fronting the Baywalk.. whats the matter with the owners of these lots..

[ryanr]

:applause: I'm glad we're utilizing the waterfront. Also happy to see more public space, a mix of high and medium density and mixed use zoning all integrated into the masterplan. If the sidewalks and the public areas are that lively, Jane Jacobs would be proud. :D My only suggestion, based on those renderings is to include a pedestrian bridge to connect Baywalk with this proposal. I'll be rooting for this project.:)



wider roads maybe? magiging dense kc yung lugar.

I vote no to wider roads. It would be best if the pedestrian is given priority. And from the looks of it, HOK is really pushing for it:okay:

[mphirez]

guys for me it must be one of the greatest project that been develop in manila bay reclamation area

this must be great!!!!!

[ruralvillage]

Great news! :banana:

Ongpin-led Alphaland seeks backdoor listing (http://www.philstar.com/Article.aspx?articleId=525510&publicationSubCategoryId=66)
By Zinnia B. Dela Peña (The Philippine Star) Updated November 22, 2009 12:00 AM

MANILA, Philippines - Alphaland Development Inc., a real estate firm owned by the the group of former Trade Minister Roberto V. Ongpin and British investment fund Ashmore Group, is seeking a backdoor listing on the Philippine Stock Exchange through Macondray Plastics Inc.

The Ongpin-Ashmore Group has acquired a total of 95 percent of Macondray Plastics through the purchase of shares from the Lorenzo family and minority shareholders who agreed to tender their shares. With the change in ownership, Macondray Plastics now has Ongpin as chairman of the board, former Finance Undersecretary Eric Recto as president and Mario A. Oreta as vice-president.

In a disclosure to the Philippine Stock Exchange, Macondray said its board approved the listing of Alphaland through the backdoor, which shall be implemented through a share-for-share swap.

Under PSE rules, a backdoor listing takes place when a listed company acquires, or merges combines with an unlisted company, resulting in a substantial change in the business, membership of the board of directors or voting structure of the listed company.

The shares to be issued will come from the proposed increase in authorized capital stock of Macondray Plastics from P400 million to P5 billion. Out of the P4.6 billion hike in capitalization, 1.27 billion shares will be issued to stockholders of Alphaland at a ratio of one Alphaland share for every 5.08 new shares of Macondray.

The Ongpin-Ashmore Group owns the Alphaland Southgate tower, which was acquired from the Puyat family for P1.3 billion in early 2008. It also owns a lot on Ayala Avenue in Makati City where it is building the Ashmore Ayala Tower.

The group earlier forged an agreement with the Boy Scouts of the Philippines to develop the Sime Darby property, also in Ayala, into a mixed-use complex.

Other major projects of Alphaland include Alphaland Bay City and Shangri-La at the Fort.

With the change in ownership, Macondray will be renamed Alphaland Corp. and change its primary purpose to property development.

The deal is the second transaction sealed by the Ongpin-Ashmore Group in the past two months following the purchase of a controlling stake in shell mining firm Atok-Big Wedge Co. Inc.

[manila_eye]

^^ According to their site, 2012 daw ang start ng Bayshore City at 2015 ang opening.

[MakatiBoy]

This is great! Exciting! Can't wait for it to finish. :banana:

[epik ll ian]

AMAZING!!!!!! I can't wait till it materializes!!

[leechtat]

;46502191']Alphaland Bay City

It is a Commercial and Residential complex that will have state-of-the-art community-based intelligence, 100% telecommuting, unmatched bay views and eco-friendly self sufficiency. It will support all the requirements to grow businesses, to achieve personal life-enrichment and to provide family comfort.

The most desirable property in any city in the world is the bay front, where the view of nature and the sea is prized above concrete and glass skyline. With 32 hectares along Manila Bay, Alphaland Bay City is not only the largest single development of its kind in Manila, but the only one.

A world class marina and yacht club will be Alphaland Bay City’s centerpiece, surrounded by a sweeping boardwalk lined by outdoor cafés and boutiques, overlooked by five-star hotels. Low-rise commercial buildings will be backed by medium rise residential buildings then by high-rise skyscrapers.

The vision for Alphaland Bay City is a highly efficient place to work, play and live that is part of the inner city but not in it. The entire property will have wide green parks, all leading to the magnificent natural vista of the bay.

Masterplanned by globally renowned urban planners, Hellmuth, Obata and Kassabaum (HOK).

Construction begins 2012
Completion slated for 2015

http://i1015.photobucket.com/albums/af278/dxb_01/photo-01b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-02b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-03b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-04b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-05b.jpg

http://i1015.photobucket.com/albums/af278/dxb_01/photo-06b.jpg

Source (http://alphaland.com.ph/bay/index.html)

^^ so amazing, my mouth is watering now. i believe this will be built, cause Alphaland's backing has deep pockets. amazing... :applause:

[tyronne]

It looks very nice! Yung landmark tower medyo conservative and design pero okay na rin. This definitely looks better than SM BayCity he he!

[Edmundtanso]

nice to see that a developer is actually developing a project with the Manila Bay as a center point!

[[dx]]

To the Point (http://www.manilastandardtoday.com/insideOpinion.htm?f=2009/november/24/emiljurado.isx&d=/2009/november/24)
Emil Jurado, Manila Standard Today, 11/24/09

I had a talk with former Trade Minister Bobby Ongpin, and he confirmed that Alphaland Corp., the property company he has with partner the Ashmore Group (a London-based fund manager), is developing a world-class marina and yacht club near the SM Mall of Asia and the proposed Pagcor Entertainment City in the reclaimed area along Roxas Boulevard in Pasay City.

What makes the Ongpin project significant is that it will introduce a new concept in yachting with the purchase of its yacht fleet, initially around 10 to a dozen units, for time-sharing with clients in its bid to increase the market for yachting enthusiasts. In effect, Alphaland’s yacht haven will render the existing Manila Yacht Club along Roxas Boulevard obsolete and jurassic.

I have been invited for lunch on occasion at the Manila Yacht Club and I have been appalled at its deteriorating state of upkeep. Indeed, I know many members have quit, not only because of the foul smell of Manila’s toilet bowl—the polluted Manila Bay—but because the club has recently been the object of a leadership fight.

In contrast, the Ongpin group is putting up a club in a novel way, enabling people to own something otherwise inaccessible to them. Construction will begin in 2012 and will be completed by 2015.

***

Owning a yacht—not to mention maintaining it and shouldering crewing costs—is very expensive. (It has been said that owning a yacht is worse than maintaining a mistress.) Thus, with Alphaland’s concept of time-sharing, charging a flat fee to those who wish to time-share for two to three hours in a year, can be very attractive.

The Alphaland yacht project’s enterprise in the 32-hectare bay city will be surrounded by a sweeping boardwalk lined by outdoor cafes and boutiques, overlooked by five-star hotels and mixed use medium-size buildings and skyscrapers. It will surely be tourist attraction.

If I’m gushing over the Alphaland project, it’s because Bobby Ongpin was once my high school student at the Ateneo. His late brother, Cory’s Finance Secretary Jimmy Ongpin, was also my student. If any of my former students become successful, I am proud to have touched their lives at some point. That’s the greatest fulfillment and satisfaction a teacher can have.

By the way, the six-star Shangri-La Hotel at Fort Bonifacio will proceed as usual with its ground-breaking scheduled for next year. It’s another project of Ongpin in partnership with Malaysian tycoon Robert Kuok, his friend. That’s a hotel we all look forward to. Take a bow, Bobby!

[kalbongdad]

tagal pa pala nun...yung matatapos sa 2015 malamang yung marina lang yun....yung mga bldg...i doubt if they could all finish it simul...

[Waldenstrom]

Though there's nothing spectacular or iconic in this project, I still like this poject. The skyline looks neat.

And yes, I'd also love to see those yachts! :D

[spearhead]

i dont get it, which part of manila bay will that project gonna be built, by the central bank area or by the bagong nayong pilipino at reclamation area, picc?

[manila_eye]

^^ Bagong Nayong Pilipino site or at least adjacent to it (also adjacent to SM Mall of Asia)

[[dx]]

The Marina

http://alphaland.com.ph/bay/images/img02.jpg

The marina is the primary visual focus for the development and provides a world-class facility for yachting enthusiasts. Berthing for 75 large vessels is accommodated as well as the potential to berth one super yacht with heavy servicing located elsewhere.

The Marina Club celebrates the activity of the marina while establishing an exclusive enclave and banqueting venue. The building is linked to a landside drop-off area via a fixed bridge and is serviced by water taxi. It holds iconic value since it creates a dramatic focus for the entire waterfront.

* * *

The Waterfront Residential and Commercial Complex

http://alphaland.com.ph/bay/images/img05.jpg

The waterfront is the primary public activity area for the development and as such, is well suited for high end retail and hotel/ recreation use. A small shopping and dining area meanders along the curvilinear seawall and turns inland to capture an active civic space at the end of Asean Boulevard. The retail mall is separated into two sections by an opening which frames the retail street.

The two hotels featured offer a premium event and hospitality service with sweeping views and spectacular sunsets. The hotel which straddles the retail mall is slung low and long to provide terraces overlooking the marina and the signature hotel tower at the end of the promenade affords panoramic views of Manila Bay, as well as establishing a landmark signature for the entire district.

* * *

The Luxury Enclave

http://alphaland.com.ph/bay/images/img04.jpg

Adjacent to the main road and sited on a peninsula, this cluster of serviced apartments offers guests the convenience of marina and waterfront amenities as well as the privacy of a secluded, high-end residential enclave. The apartment towers are designed to maximize their close proximity to the water edge via a private terraced promenade that leads to a “floating” pool with unique views of a sparkling marina and wharfside promenade.

* * *

The Shops Street

http://alphaland.com.ph/bay/images/img06.jpg

A pedestrian oriented retail street for smaller retailers, restaurants, cafes and active use begins at Bay Boulevard with a public plaza framed by gleaming office towers that create a commercial gateway to alphaland Manila Bay. Walking towards the marina, the street is populated by well-shaded double-storey retail colonnades. At the end of the street, the Marina Club is revealed through a large separation in the retail mall, which frames a window out to the promenade quay where the public can enjoy the ambiance of the marina.

* * *

Urban Residential

http://alphaland.com.ph/bay/images/img07.jpg

The intersection of three pedestrian alleys form a compact town space with convenient access to the marina, the parkland and the retail street. The vehicle-free, paved alleys are European in character and are shaded with trees. The residential building type forms perimeter blocks that conceal private courtyards within and reinforce the notion of a continuous and active street wall. A cour d’honneur breaks out from the retail street and acts as a threshold between the northern and southern blocks. The northern block is smaller in scale compared to the southern block which responds to Asean Boulevard by mixing with office use.

* * *

Parkland Residential

http://alphaland.com.ph/bay/images/img03.jpg

The residential park is the “green lung” of alphaland Manila Bay and featured landscape area. The geometry of the parkland continues the curvilinear forms that originate on the waterline and flow inland with a network of meandering pathways and grassy knolls. The space is framed by a collection of high-end residential units that vary in scale from six stories to 24 stories. The building arrangement follows the curvilinear line of the park edge, forming a line of “habitable walls” punctured by balconies and hanging courtyards with a view of the open space, and encourage a safe environment for children to play. Community facilities are provided in the central open space and linkages are encouraged across the neighbourhood addressing road to other parts of the development.

* * *

Office Cluster

http://alphaland.com.ph/bay/images/img08.jpg

With high visibility and convenient access from Asean Boulevard and Bay Boulevard, this neighborhood is well suited for high-rise commercial development. The adjacency of these office parcels with the Asean Business Park helps to blend the alphaland Manila Bay development with its surrounding context. In this way, the office clusters form a threshold that buffers the pedestrian's experience between busy public streets and quiet courtyards and roof gardens. The commercial blocks each feature a band of serviced apartments above the retail street. These residential units are distinct in character and cater to the demand of corporate clients with close proximity to the office buildings and easy access to shopping and dining.

Source (http://alphaland.com.ph/bay/index.html)

[Climax777]

^^has anybody know the link o webste ng project?..world class ang dating:applause:

[[dx]]

^^has anybody know the link o webste ng project?..world class ang dating:applause:

;47412575']

Source (http://alphaland.com.ph/bay/index.html)

^^

[Climax777]

^^thanks and:cheers:...Dubai is collapsing? ..yan ang tanong dito:ohno:

[tyronne]

I'm a fan :applause:

[kalbongdad]

oo nga balatuba pala ang mga un....mukhang nde makakabayad sa utang habang ang pinas kahit nagdildil na ng salt....bayad pa rin kahit kulo na tyan...

[in_a_rush]

ang labo lang ng mga press release. hindi sinabi which will be done by 2015. sana man lang unahin na yung marina, hotel and shopping components. and since nasa gitna siya ng suppose to be built na PAgcor city at Casino ng Sm sa MOA complex why not join the bandwagon and apply for casino license too. :)

[spearhead]

^^ Bagong Nayong Pilipino site or at least adjacent to it (also adjacent to SM Mall of Asia)

Where's tower then? Separate pa pala yun ba?

[manila_eye]

Yup separate yung tower sa BNP kasi yun.

[ruralvillage]

Alphaland moves closer to backdoor listing at PSE (http://manilatimes.net/index.php/business-columns/8472-alphaland-moves-closer-to-backdoor-listing-at-pse)
Manila Times (http://manilatimes.net/index.php/business-columns/8472-alphaland-moves-closer-to-backdoor-listing-at-pse)
Saturday, 26 December 2009 00:00



IN line with its plan to merge with Alphaland Corp., Macondray Plastics Inc. will increase its authorized capital stock, following the consent given by the listed company’s minority shareholders.

In its special stockholders meeting, Macondray secured approval to raise its capital stock from P400 million to P5 billion. Subsequent to this, Alphaland will list at the Philippine Stock Exchange through the backdoor.

Macondray also plans to apply for the additional listing of 1.26 billion shares to be issued to stockholders of Alphaland out of the increase in the former’s authorized capital stock.

The listing of new shares would be in line with the share-for-share swap agreement involving the two firms.

The shares to be issued to Alphaland stockholders would be based on the exchange rate of one Alphaland share for every 5.08 new shares of Macondray.

Along with the merger, Macondray’s owners also approved the change of its primary purpose from a manufacturing company to a holding firm.

With the entry of Alphaland, a total of P12.7-billion worth of prime property will be infused into Macondray, such as the Alphaland Southgate Tower and Mall, The Alphaland Tower, Alphaland Bay City, Alphaland Makati Place and Shangri-La at the Fort.

In October, businessman Roberto Ongpin and the UK-based investment fund Ashmore—through RVO Capital Ventures Corp.—bought 99.4 million shares, or a 66-percent stake in Macondray.

Under the agreement, RVO will buy the shareholdings in cash at P2.2 apiece, or at a 10 percent premium on the 90-day average closing price of Macondray.

The plastic manufacturer also said the offer price represents a 25 percent premium on its net book value of P1.76 per share at end-August.

Because the acquisition involves more than 35 percent of Macondray, the Ongpin-Ashmore consortium shall make a tender offer for all the remaining shares of the listed firm with the same conditions.

Macondray was engaged in the manufacture of varied polyolefin plastic blown film products, polyethylene foam net products and polypropylene twine, operating out of two separate manufacturing facilities in Davao City.

The company had 90 percent of its current production capacity serving the plastic packaging requirements of the agricultural sector, distributing mainly in southern Mindanao, Visayas and Luzon.

[lancetrn]

Listed Alphaland to build mall, sports club, marina

Ongpin-led Alphaland Corp. is setting aside P3 billion to jump-start the development of a number of its projects.

Alphaland President Mario A. Oreta said in an interview that construction would start on a one-hectare property in Makati, the Alphaland Makati Place, and the 32-hectare project Alphaland Bay City located at the Aseana Business Park in Parañaque.

Alphaland Makati Place is a partnership between the company and the Boy Scouts of the Philippines. The project will have a three-storey mall, a city club and residential towers. Mr. Oreta said the firm will start development this month.

“We will likely start with the mall first so that we can get the cash flow that we need for the other components,” Mr. Oreta said, adding that he expects the entire project to be completed by 2012.

Alphaland’s three-storey city club will be “affordable” to the market not reached by the elite Makati Sports Club. Its condominium tower, he said, will likewise appeal to the middle-income bracket who can shell out P2.5 million to P5 million for a unit.

“Our target is the working executives of Makati so that they can find a place where they can relax,” he said.

Meanwhile, Mr. Oreta said Alphaland will start the construction of a “world-class” marina and yacht club in June, which he said will be the main attraction of the Parañaque project.

There is no definite plan yet for Alphaland Bay, he said, but the project will have low-rise office buildings, a five-star hotel, retail establishments, as well as high-rise buildings.

“Alphaland will not be an aggressive developer [like Ayala Land, Inc.

or Megaworld Corp.] because what we do are special projects. But it will be an exciting time for [the company],” he said.

Mr. Oreta likewise revealed that the group plans to develop an upscale office tower in Makati City and is looking at buying a 500-hectare island in Luzon.

Other assets of the company are the Alphaland Southgate Tower and Mall in Makati and its 25% stake in the six-star Shangri-La at the Fort.
Alphaland joined the bourse last month after minority shareholders of listed Macondray Plastics, Inc. approved a merger, paving the way for Alphaland’s backdoor listing.

The entry of the real estate firm involved the infusion of a total of P12.7 billion worth of prime property.

Macondray Plastics is 95% owned by RVO Capital Ventures Corp., a company beneficially owned and controlled by Roberto V. Ongpin and Eric O. Recto, chairman and president, respectively.

RVO Capital Ventures had acquired a 66% stake in the formerly Lorenzo-led Macondray Plastics for P218 million. Subsequently, it offered to buy the shares of Macondray Plastics’ minority shareholders.

Following the acquisition, shares in Macondray Plastics skyrocketed to P60.00 apiece from a low of P3.00 on Oct. 12, a week after RVO Capital Ventures bought the 66% stake.

Aside from Macondray Plastics, the group had acquired 80% of listed mining company Atok-Big Wedge, Inc. through investment company Boerstar Corp.

This was on top of holdings in companies such as San Miguel Corp., Petron Corp., PhilWeb Corp., ISM Communications Corp., and Philex Mining Corp., the country’s largest miner.

Shares in the company jumped by 7.33% or P4.00 to P58.50 on Dec. 29, the last session of the local bourse for 2009. -- Kristine Jane R. Liu
http://www.bworldonline.com/main/content.php?id=3914

[masta609]

^^ Alphaland really have a different business behavior... A true visionary but treads surely...:|

[ruralvillage]

Alphaland allots P5B for new projects (http://www.businessmirror.com.ph/home/companies/20433-alphaland-allots-p5b-for-new-projects.html)
Business Mirror (http://www.businessmirror.com.ph/home/companies/20433-alphaland-allots-p5b-for-new-projects.html)
Written by Dennis D. Estopace / Reporter
Sunday, 03 January 2010 20:36

PENDING its transformation into Alphaland Corp., publicly listed MacondrayPlastics Inc. plans to spend nearly P5 billion in the next two years for three projects.

Alphaland Development Inc. president and Macondray executive Mario A. Oreta told reporters after a special meeting of Macondray stockholders in December that P2.3 billion of that amount would be poured into a 35-story shopping mall, city club and residential condominium in Makati City.

Oreta, who was elected Macondray vice president after RVO Capital Ventures Corp. bought the plastics-manufacturer in October last year, said they expect the project finished in four years. RVO is controlled by Marcos-era Trade minister Roberto V. Ongpin.

“In two years, we expect the three-level mall and city club finished. It will take another two years to build the residential space on top.”

Oreta said 15 percent of the revenue will go to the Boy Scouts of the Philippines (BSP). This, as the BSP owns the 10,000-square meter lot situated on Ayala Avenue Extension comer Malugay Street, where the property—to be called Alphaland Makati Place—is expected to rise.

Oreta said they will not stop operating the mall while the residential units are being built to ensure cash flow. Discussions are ongoing to pre-sell the residential units. “For [the residential segment], we plan to spend another P2 billion to P3 billion.”

The development will be like the Makati Sports Club but more affordable to midlevel executives, Oreta explained.

Alphaland’s programmed capital spending will also go to the development of a 35-hectare property at the Aseana Business Park in a reclaimed area in Parañaque City.

Oreta said they expect to start building a yacht club and marina in June as the “focal point” of the property. “All plans are finished already but it’s going to take a while as we’ll start constructing the breakwater and we’re looking at other bids for the construction materials.”

The project, he added, is a 50-50 joint venture with D.M. Wenceslao & Associates Inc., the company that reclaimed the area. Oreta said the company plans to spend P1 billion for the marina alone.

Called Bay City, Oreta said they also plan to build a hotel and two apartment buildings, all 50-stories each, on the property.

“We’re not like SM; we’re not aggressive in that space. But we’re not also limited to residential construction alone. Our vision is to create destinations. You can’t have destinations if you don’t have shopping malls.”

Oreta said the company is also planning to buy a 500-hectare island somewhere in Luzon. “We’re almost done with buying [the island].” He declined to give further details.

The capex amount cited by Oreta excludes the company’s project in Bonifacio Global City, Taguig, where Shang Global City Properties Inc. and Fort Bonifacio Shangri-La Hotel Inc. are building a hotel and serviced apartment building. Alphaland owns 20 percent of the project, according to Oreta. “The excavation’s done and we’ll begin to build there.”

Macondray’s aggressive foray into the property business followed the approval of its new board of directors to increase the authorized capital stock from P400 million to P5 billion, divided into 500 million shares at a par value of a peso per share.

Oreta said they will use Macondray to go into backdoor listing of Alphaland since “it’s faster that way.”

The capital hike came after Macondray’s previous owners led by Martin Lorenzo sold the majority of the company’s shares to RVO Capital.

Ongpin’s group then hatched a share swap deal between the Davao City-based Macondray and Alphaland, which he also heads, a month after the Lorenzo family sold their holdings in Macondray.

Macondray’s share price zoomed to P24.10 mid-October from below P6.80 after the announcement of its sale to Ongpin’s group. The stock closed at P54.50 on Thursday last week.

[diz]

50 floors is tall! :D

[masta609]

This project really looks exciting.. :banana:

[[dx]]

7. For 2010, the Company (through its subsidiaries) intends to first build the shopping mall and the city club (at a cost of approximately P2.3 billion) for the Alphaland Makati Place project and the marina (at a cost of approximately PI billion) for the Alphaland Bay City project. Hence the estimate of at least P3 billion in capital expenditure for 2010. Since the Company is also looking at other projects for the year, an estimate ceiling of P5 billion in capital expenditure was also mentioned.

Source (http://www.pse.com.ph/html/disclosure/pdf/2010/pdf/dc2010-0046_MRAY.pdf)

[doownn]

waaah!!! napakaganda nya..
sana makakuha din ako dito by 2012.. :banana:

[epik ll ian]

^ Tell me about it! haha

[doownn]

i'm dreaming.. :nuts:
sana kahit studio unit lang.. pwede na LOL.. :lol: :banana:

[DCRJ]

Alphaland Bay City, I think, will just rely on Pagcor city and SM Mall of Asia for its entertainment part. The only attractive centerpiece is its marina and yacht club plus numerous boutiques and cafes and hotel by the bay, nothing more. Clusters of numerous housing units will be scattered down the backside possibly making the place look 'congested'. I hope Alphaland Bay City will complement Pagcor city as major player in attracting tourist not just their own thinking of convincing buyers into acquiring their housing units. I hope they think more of the entertainment value on their area. 32 (or 35) hectares is huge...I am sure there would be lot of space for some form of entertainment structure other than those boring housing units hehehe

[watcher09]

Alphaland Bay City, I think, will just rely on Pagcor city and SM Mall of Asia for its entertainment part. The only attractive centerpiece is its marina and yacht club plus numerous boutiques and cafes and hotel by the bay, nothing more. Clusters of numerous housing units will be scattered down the backside possibly making the place look 'congested'. I hope Alphaland Bay City will complement Pagcor city as major player in attracting tourist not just their own thinking of convincing buyers into acquiring their housing units. I hope they think more of the entertainment value on their area. 32 (or 35) hectares is huge...I am sure there would be lot of space for some form of entertainment structure other than those boring housing units hehehe

This "attactive centerpiece", I think will be the crowd drawer. Cafes and stores along quays in many cities built down the lakes, rivers and seas are a hit. If ever they would build tourist-attracting establishments, I hope these would not be casinos and those which would be found in BNP and SM MOA in order not to kill each other's business . Alphaland Bay City would complement the other two projects if its would be residents, workers and visitors would patronize the same.

[fengrun]

most cities have a quay, so its going to be have restaurants/bars/coffee shops.

It will be great if there is a monorail that goes around which will connect this to SM MOA, around E-City, Manila Ocean Park, then up to the nearest LRT/MRT station.

A tourist center/booth should also be put up. This should be for tourism around the Metro Manila, which will have all kinds of brochures, depending on what you want to see or do.