Ayala launches plan to develop FTI asset


Ayala Land Inc. said it will launch this year a masterplan for the development of the 74- hectare Food Terminal Inc., which the developer renamed as Arca South.

Ayala Land president Antonino Aquino said in an interview Arca South would be another mixed-use development containing residential, office and commercial projects.

Aquino said initial plans for the property involved the development of a first residential tower under the Avelo Land Inc., a residential brand that caters to high to mid-market customers.

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