Press Release May 18, 2020
AboitizLand Remains Bullish on Real Estate Growth, Demand
CEBU, Philippines — The real estate development arm of Aboitiz Equity Ventures (AEV), Aboitiz Land, Inc., is banking on market resiliency to bring in sustainable demand amid economic challenges.
AboitizLand’s industrial business unit also expects fresh demand for new distribution centers and warehouse-type logistics facilities, especially as e-commerce booms. Read More
Aside from the said opportunity in the logistics space, there is an emerging demand related to manufacturing companies planning to exit China.
Expansion plans to create additional inventory are underway for LIMA Technology Center in Batangas, and West Cebu Industrial Park in Cebu, to take advantage of this demand.
Likewise, the Aboitiz Group’s privately-held construction arm Aboitiz Construction, Inc. continues to operate and work on its projects in Balamban, Cebu, and Mindanao, albeit with stricter precautions.
The company hopes to immediately resume work on all its first and second quarter projects in ECQ-affected areas.
This is in line with the Aboitiz Group’s goal of keeping the economy stimulated with the immediate implementation of the government’s infrastructure program, especially projects of national significance.
Read more: https://www.philstar.com/the-freeman/cebu-business/2020/05/18/2014782/aboitizland-remains-bullish-real-estate-growth-demand
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