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Ayala Land forms JV to develop 27,852 hectares of land in Philippine province

Ayala Land Inc. formed a 51/49 joint venture with the tie-up of Green Square Properties Corp. and Green Circle Properties and Resources Inc. for the development of 27,852 hectares of land within the municipalities of Dingalan, Aurora and General Nakar in the Philippine province of Quezon.

The trio is planning to develop the sites in phases to build a masterplanned mixed-use estate that will cater for tourism, commercial, residential and institutional purposes. The developer said environmental and ecological programs will also be factored in the proposed estate.