Business: Ayala Land Tops Off North Point Community Center

Negros Occidental, July 24, 2012 - Ayala Land, Inc. officials today poured in the last amount of concrete to top off the Company’s latest project in Negros

called The District-North Point, the main retail component of the Company’s more than 200-hectare North Point mixed-use community development.

The simple ceremony was led by Ayala Land Senior Vice President and VisMin Group Head Emilio J. Tumbocon and Vice President and Commercial Business Group Head Rowena Tomeldan, with Negros Occidental Governor Alfredo Marañon, Jr., Talisay City Mayor Eric Saratan and Vice Mayor Neil Lizares as guests of honor.

"We are very excited with the growth that The District-North Point aims to bring to the community here in Talisay City and the province of Negros Occidental," said Tumbocon. "This [community center] development aims to complement the various residential communities such as the Ayala North Point, Plantazionne and Asyana Verdana Homes, as well as our Avida and Amaia residential villages here in North Point, which is Ayala Land’s master planned, mixed-use development representing our largest investment in Western Visayas."

Tumbocon noted that investments of over P7 billion are expected to be poured into North Point by the Company and its commercial partners. "North Point is where we will focus our efforts and resources over the next few years," he said.

Gov. Marañon, for his part, thanked Ayala Land for its confidence in Negros and for the investments the Company is pouring into the province. "We are grateful to Ayala Land for believing in Negros and contributing greatly to a progressive economy and business environment for the Negrenses," said Maranon.

"This kind of [investment] is unheard of here and it will surely change the landscape of the province into one of a progressive and dynamic destination in this part of the Philippines," the Governor also said. "This will make our economy jump!"

The 200-hectare North Point development, when completed, will consist of Ayala Land’s full range of products with all four residential communities present, The District which is the retail component, BPO office buildings and a hotel development.*