Ayala Land seeks partners for FTI devt

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MANILA, Philippines – Property giant Ayala Land Inc. (ALI) may get partners to help develop the 74-hectare portion of Food Terminal Inc. (FTI) it won through a government auction in August, in line with its strategy in developing other massive projects.

ALI President Antonino Aquino said in a text message last week that the firm has already received “a number of inquiries for participation” in FTI.

“We are still evaluating these options,” he said.

ALI has partners for its projects involving large amounts of land, which helps mitigate its exposure and risk.

Taken from:

http://www.abs-cbnnews.com/business/11/04/12/ayala-land-seeks-partners-fti-devt

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