Author Archives: eurasia

Sports entertainment levels up in Circuit Makati

 Circuit Makati is touted as the city’s entertainment district and promises a fine place to live in, where “something amazing is always on.” With the launch of Ayala Land’s Solstice and Circuit Makati’s three new sports facilities, it is set to redefine the urban landscape.


Jan. 15, 2014, Circuit Makati made its mark as the new active lifestyle destination with the launch of the Gatorade-Chelsea Blue Pitch, Citykart Racing, and Mountain Dew Skatepark.

Gatorade-Chelsea Blue Pitch

The ceremonial kick was facilitated by The Azkals, led by the Younghusband brothers and Gatorade brand ambassador Chieffy Caligdong. The Blue Pitch, in partnership with the Chelsea Football Club Soccer School Philippines and Pepsi, occupies 10,000 sq.m. of Circuit Makati and is the first FIFA-sized blue football field in the country and is poised to be a training venue for both amateur clubs and national teams.  Football clinics will also be conducted by the Younghusband Football Academy.

Citykart Racing

For those who are in for some Formula One racing, Circuit Makati has a 5,000-sq.m. urban karting area operated by Urban Karting Manila. The 650-meter karting race track that utilizes a Formula One timing system offers fun karts and pro-karts, as well as powerful karts for more professional or daring drivers. A prop shop where racers can purchase gear and accessories, as well as lounge around, is also in place.

Mountain Dew Skate Park

Perhaps the most unique facility at Circuit Makati, it is the first skatepark in the country with a 1,000-sq.m. skate area operated by WeLegendary and designed by Flux Design Labs and ASEA. Skate enthusiasts of varying skills can execute their flips and grinds at the urban skating facility’s three levels: beginner, intermediate, and professional.

With all these offerings, Circuit Makati is definitely a step closer to fulfilling its vision of becoming the city’s entertainment district.

In the Circuit Makati loop

Circuit Makati is a 21-hectare masterplanned entertainment district  representing P20B of Ayala Land’s ambitious P60B investment in Makati. It includes residential, retail, office, and hotel developments complemented by sports facilities and entertainment components.

Circuit Makati will have three anchor entertainment venues within its mixed-use masterplan. Circuit Lane will be a spectacular interactive retail riverwalk that will run through the vibrant core of Circuit Makati. Animated by boutique stores, dining destinations, pop-up shops, and vibrant street-level performances, the Circuit Lane welcomes  its visitors with new “funtertainment” concepts and an enhanced shopping experience.

Right across the Circuit Lane will be a new lifestyle center that features more retail options, restaurants, and cinemas, as well a world-class 1,200-seater indoor events hall, dubbed the Circuit Performing Arts Theater that will soon be home to various prestigious shows, acts, and productions.

From the boardwalk views lie The Globe Circuit Event Grounds, which is a 2,000-square-meter canopy area with an extended outdoor venue for large-scale social events, festivals, and international-scale concerts that can house up to 10,000 spectators that will soon be home to various prestigious shows, acts, and productions. The developments will also feature a 250-room Seda hotel.

Solstice in the city

Circuit Makati , a 20-year project, is building its way into becoming the address of choice.

 Keeping up with Alveo Land’s positioning as the developer for upwardly mobile individuals, professionals, executives, and starting-out couples, it offers Solstice, its benchmark for innovation.  Strategically located within the new masterplanned entertainment district, Solstice is set to take full advantage of the grand vision of Ayala Land’s Circuit Makati. Tower One will be 41 stories high and will provide 461 residential units in a complete range of studio, one-, two-, and three-bedroom units.

Recently, the 37-story Solstice Tower Two was launched exclusively to the Singapore market at the Marina Bay Sands, offering spacious studio units offering one-bedroom and two-bedroom units. “Solstice Tower Two will be the pinnacle of expression for the dynamic and vibrant living experience that Circuit Makati espouses,” says Alveo Land president Robert Lao. “This condo community is our best foot forward, so to speak, in making people appreciate the reality of our vision of an innovative and multi-faceted new way of city living.”

“Solstice will provide the perfect home for Circuit Makati’s future residents—one that is literally a leisurely stroll from the action, and that will enable its homeowners to live and feel the energy of the bustling district from a comfortable and pleasing vantage point right above it all,” enthuses Lao.

Avida Towers Vita ushers in lifestyle growth in Vertis North

The dynamics of city living continues to shift towards a more ideal paradigm, especially now that the proximity of lifestyle facets is being considered whenever residential developments are planned in a certain location.

The large-scale, mixed-use growth centers developed by Ayala Land Inc. (ALI) — Makati, Bonifacio Global City and Cebu Park District — have been distinguished by such kind of urban experience for years, efficiently putting together business, commercial, leisure, and residential opportunities in sync.

Soon, Vertis North— ALI’s latest city center unfolding at the heart of Quezon City—will also witness this kind of progress as the 30-hectare masterplanned community with a two-hectare central park and storm water management system, will soon be home to various trade and lifestyle centers.

Vertis North is eyed to be the newest city center that will spur growth and dynamism in the north. One particular development that will soon emerge in the area is Avida Towers Vita, a three-tower residential development by Avida Land. Literally marking the beginning of living and lifestyle expansion in Vertis North, the overall blueprint of Avida Towers Vita aims to address the needs of young professionals and starting families who want to own their very first home within a centrally-located and highly-accessible pioneering address.

To date, Avida Towers Vita already sold out 95 percent of its first tower, just a few months after its launch. Such overwhelming response from today’s homebuyers represents the commencement of ALI’s vision for Vertis North, according to Raquel Cruz, Avida Land assistant vice president.

“Our market has recognized the kind of lifestyle that will soon emerge in Vertis North, as the area will clearly mirror the efficiency of the growth centers that Ayala Land pioneered for the past decades. Taking off from the success of the first tower, we are now bringing  Avida Towers Vita’s second tower to promote the living opportunities in this very promising urban hub,” said Cruz.

More than 500 units will be sold in each of the three towers at Avida Towers Vita, varying from studio, one-bedroom, and two-bedroom units. These will be complemented with sensible amenities like a garden nook and a grand lawn, which will be thoughtfully designed to bring a relaxing breathing space amidst the hectic cityscape.

Meanwhile, Cruz also explained that residents can continue to enjoy utmost safety and security in their own homes while taking pleasure from the convenience of being located within the convergence point of commuter rail lines and three major road arteries, particularly Epifanio delos Santos Avenue (EDSA), North Avenue, and Quezon Avenue.

“As a crucial fraction of Vertis North, Avida Towers Vita will represent the must-haves in all Avida Land development. We don’t stop at ensuring that our residents enjoy urban convenience at its finest; we make sure that their lives will continue to thrive within a safe and peaceful community,” Cruz added.

An ALI subsidiary, Avida Land has become the developer of choice among the rising middle class as it continues to expand its product offerings across the country.

Avida Land to pioneer Vertis North’s residential block

A city would not be recognized as one unless it represents the country’s epicenter of trade and culture, wherein business, commercial, lifestyle and residential expediencies come together. For decades, the urban hubs developed by Ayala Land Inc. (ALI) across the Philippines are mirroring these components.

“We are committed to developing Vertis North as the central business district for Quezon City. Ayala Land’s best practices in the development of Makati and Bonifacio Global City will similarly be implemented in Vertis North. It has the unique advantage of being the gateway to the North for Metro Manila and is today a major transport and retail hub,” ALI president and CEO Tony T. Aquino said.

Vertis North, which is located in the center of Quezon City, is one of ALI’s latest projects to date.  Although the company has had presence in Quezon City for a long time, its fervent commitment in solidifying the city’s primacy is clearly an unremitting process. The development of residential areas like Ayala Heights Townhomes, Ferndale Villas and Avida Towers New Manila, as well as leasing establishments like the UP-Ayala Technohub and Trinoma Mall, has defined their presence.

Eyeing completion in 10 years time, Vertis North is touted to become the newest city center in the area. When the masterplan was introduced last year, office, retail, hotel, and residential facets were unveiled—which all translate how the 30-hectare integrated urban redevelopment aims to become the major gateway to dynamic and progressive living in the north.

With residential developments being a vital component in the fruition of ALI’s vision for Vertis North, one of the company’s notable residential units — Avida Land — has expressed its involvement in fulfilling this  aspect of the  business district through Avida Towers Vita.

“This will be the pioneering residential development that will break ground in Vertis North,” said Raquel Cruz, Avida Land assistant vice president. “Avida Towers Vita will literally mark the beginning of the city center’s vision of further enlivening the urbanity present in Quezon City. Likewise, the project addresses the needs of young professionals and starting families who want to own their very first home that is centrally-located and highly accessible.”

Given that Vertis North will soon house commercial and lifestyle establishments, and is typically situated in the convergence point of commuter rail lines and three major road arteries particularly Epifanio delos Santos Ave. (EDSA), North Avenue and Quezon Ave., the ease of urban living is no longer a question. Hence, the studio units, one-bedroom units, and two-bedroom units coupled with amenities that Avida Towers Vita will offer are all set to provide ideal living spaces right at the heart of Quezon City’s newest city center.

“Vertis North in the soonest time will become a major hub converging enterprise, functionality and convenience in a setting that will bolster urban living in Quezon City. And we, at Avida, are more than glad to become the first ones to showcase the district’s urban promise,” said Cruz.

CIRCUIT MAKATI: A new lifestyle playground up soon

Long before towering skyscrapers dotted the Makati City skyline, there existed a vibrant and energized urban district lying close by the river. It was a place where people gather to mingle and socialize, where friendships once blossomed, and tales of the past sang music to people’s ears. Those were the old, glory days of what was then known as the Sta. Ana Cabaret, an iconic feature of the city of Makati that reminded people of how urban life used to be.

A couple of years later, after the Cabaret succumbed to the forces of Mother Nature, Sta. Ana became host to the country’s premier horse race track — the Sta. Ana racetrack. And then, fast-forward to seven decades after, Sta. Ana, Makati now appears to be primed and ready for a new transformation.

Once considered a barren land that nobody took notice of, Makati City has since become known as the face of Metro Manila’s progress and development. The city’s continuous emergence as the country’s leading city is highlighted further by the unfolding of one of the key pillars of the Make It Happen, Make It Makati campaign: Ayala Land’s launch of an urban entertainment development at the Sta. Ana district known as Circuit Makati.

“Circuit Makati is Ayala Land’s 21-hectare integrated, mixed-use development anchored on entertainment experiences that brings together Ayala Land’s various product lines — Alveo for residential, Ayala Malls and offices, and Ayala Hotels,” says Tony Aquino. “In five years’ time, it will rise as a dynamic urban hub seamlessly complementing the distinct taste for living, leisure and lifestyle of today’s modern urbanites.”

“We envision Circuit Makati to further highlight Makati City’s stature as the country’s unrivaled destination for leisure and entertainment,” shares Meean Dy Strategic Landbank Management Group head.

Circuit Makati looks to become the first and only large-scale urban district development in the country that will host three distinct entertainment venues aimed at attracting families.

The development will feature the Circuit Theatre, an indoor theater that will provide a different sensory experience through state-of-the-art audio and visual entertainment. There’s also the Central Walkway, an interactive walk that will cross the entire length of the district, highlighted by a distinct water feature flanked by an array of retail and leisure shops. Lastly, there will be an outdoor theater called the Globe Circuit Events Ground, a partnership with Globe Telecom, which will be a venue for street plays, festivals, fashion shows and outdoor exhibit events.

“The open grounds of Circuit Makati will feature a 2,000-square meter canopy area, which can house up to 800 people, and is set to be the preferred entertainment venue in the metro, hosting numerous events and activities providing fun for all,” shares Mel Ignacio, Circuit Project head.

Circuit Makati will also feature anchor stores, unique retail concepts, and sports entertainment facilities, all while providing denizens with an extended experience of the Ayala Center leisure lifestyle. The district will also be featuring a football turf and a skate park to further excite sports aficionados. Come February 2013, Alveo Land will be launching its residential projects at Circuit Makati, while the mall and retail developments are also expected to begin next year.

By bringing retail, office, hotel and residential developments, Circuit Makati is truly primed to be at par with the distinguished entertainment and lifestyle hubs across the globe. That being said, Circuit Makati will thus complement the dynamic lifestyle that is already thriving at the heart of the city one that has been synonymous with the rich legacy imprinted by Ayala Land, Inc. on the city of Makati.

Ayala Land set to continue 2-digit growth

Property giant Ayala Land Inc. (ALI) is set to continue this year the trend of double-digit growth in revenues and profits, company executives said.

The real estate arm of the Ayala conglomerate will sustain its growth in the long run by focusing on township projects offering its numerous products, they said.

“Certainly double-digit growth in terms of top line and bottom line is attainable given the rate with which we are going,” said ALI chief finance officer Jaime E. Ysmael.

For instance, ALI has P65 billion in unbooked revenues, up from P48 billion last year, Ysmael said. These are recognized based on the percentage of completion of property projects.

ALI’s profits surged 27 percent to P9.04 billion last year from P7.14 billion in the previous year as revenues from its residential, hotel, office and commercial projects jumped 23 percent to P54.52 billion.

ALI is wrapping up its 5-10-15 program, which was launched in 2009 amid the global financial crisis. It is a five-year plan ending in 2014 that aims to boost net income to P10 billion and return on equity to 15 percent.

“We have put in place a strategy that will ride on the momentum of what is happening in the Philippine economy,” said ALI president and CEO Antonino T. Aquino.

Aquino said the strategy will allow the company to benefit from low interest rates for the residential segment, outsourcing industry for its office space, economic growth for the industrial parks, tourist arrivals for hotels and resorts and higher consumer spending for its commercial centers like malls.

For long-term growth, ALI will focus on township and integrated centers.

There will be greater focus on developments in our own business districts where the property values are protected and there is strong demand, Aquino said.

ALI will maximize the value of its properties by offering residential, retail, office and even hotels in its communities while concentrating its resources in one area, Ysmael said.

So far, ALI has developed numerous township projects and business districts located like the Makati central business district, Bonifacio Global City in Taguig, Nuvali community in Laguna and the Cebu IT Park.

ALI will start developing this year the 74-hectare Arca South, formerly the FTI complex, in Taguig; the 21-hectare Circuit Makati, formerly the Sta. Ana racetrack; and the 45-hectare Vertis North in Quezon City.

Ysmael said Arca South can host 20 residential towers carrying residential brands AyalaLand Premier, Alveo and Avida.

Some lots in Arca South can also be sold for office and other vertical developments like schools and hotels, Ysmael said.

“It will generate quick liquidity and at the same time accelerate the development of FTI,” Ysmael said.

ALI earmarked P65.5 billion this year for the completion of ongoing developments and launch of 69 new projects with a combined value of P129 billion.

Last year, ALI spent a record P71 billion for project and capital expenditures as it launched 67 new projects last year worth P110 billion.

For this year’s capital spending, Ysmael said “P20 billion will be for land acquisition and the P45 billion will be for project development.

“The spending will be more skewed towards project completion. We launched quite a lot of projects in the last couple of years,” Ysmael said.

For funding, ALI will primarily make use of its P29 billion cash and collections from pre-selling.

Ysmael said the property firm is also looking at refinancing P5 billion in bonds and notes that will mature this year.

ALI plans to lengthen the maturity of its debts to seven to 10 years, locking in on low interest rates, Ysmael said.