Listed property developer Ayala Land, Inc. (ALI) said it has allocated P488.63 million for the development of its Garden Court Residences in Taguig City.
In a stock exchange disclosure on Monday, ALI said the funding came last year from its real estate investment trust AREIT, Inc. It came from the proceeds from the block sale of shares.
The transaction saw 12 million AREIT common shares sold at P40.78 per share, with ALI receiving net proceeds due on July 7, 2025.
Garden Court Residences is a two-hectare residential development comprising five towers within ALI's ARCA South Estate.
The 364-unit project, which is 82% complete, is scheduled for completion by 2027.
The development will include a 6,000 square meter courtyard, sky gardens, a sky gym, a social hall and deck, and swimming pools.
ALI said it allocated P323.36 million for the project in the third quarter of 2025, P34.23 million in the fourth quarter and P131.04 million in the first quarter of 2026.
Garden Court Residences is located within ARCA South, ALI's 74-hectare master-planned property envisioned to become Metro Manila's next central business district.
The development is accessible via the South Luzon Expressway and Bonifacio Global City via C-5 Road.
Also on Monday, ALI said it has recorded the largest Excellence in Design for Greater Efficiency (EDGE) zero carbon-certified office portfolio globally, covering 1.53 million square meters across 50 office properties in Metro Manila, Laguna, Cebu, Baguio, Iloilo and Bacolod.
The milestone comes as part of the company's ongoing effort to adopt green building features across its properties, the company said in a separate statement. Its tenants include a mix of corporate and business process outsourcing firms.
“By achieving EDGE Zero Carbon Certification for our office portfolio, we are able to verify the performance of our green buildings with measurable outcomes that support operational efficiency and long-term asset value,” said Robert S. Lao, Chief Sustainability Officer of ALI.
On January 22, the company formally received its EDGE Zero Carbon Certificate, awarded following a third-party audit conducted by the Philippine Green Building Initiative.
EDGE Zero Carbon Certification, developed by the International Finance Corporation (IFC), requires buildings to first achieve EDGE Advanced certification, which demonstrates at least a 40% energy reduction, 20% savings in water use, and reduced embodied carbon in materials.
Projects must also operate on 100% renewable energy or verified carbon offsets while maintaining at least 75% occupancy for a year.
ALI's zero-carbon milestone aligns with its sustainability-linked financing program, which follows international guidelines such as the ASEAN Sustainability-Linked Bond Standards, the Sustainability-Linked Bond Principles issued by the International Capital Markets Association and the Sustainability-Linked Loan Principles issued by the Asia Pacific Debt Markets Association.
Between 2024 and 2025, the company raised approximately $1 billion (about P56 billion) through sustainability-linked instruments, including a P14.2-billion sustainability-linked loan (SLL1) in July 2024, a P12.87-billion SLL2 from IFC in August 2025, and P29 billion in Philippine-listed sustainability-linked bonds (SLB). Are included. Dealing and Exchange Corporation
The company also aims to reduce greenhouse gas emissions in its malls, offices and hotels by 42% by 2030.
ALI continues to pursue green building certification in its malls, hotels, residential developments, logistics facilities and mixed-use properties.
Its portfolio includes Makati Central Business District, Bonifacio Global City, Seibu Business Park, Alvira in Pampanga and Escanda in Davao City.
In the first nine months of 2025, ALI reported net income of P21.4 billion, slightly higher than the P21.2 billion recorded in the same period last year.
At the local stock market on Monday, ALI shares fell 2.04% or 45 centavos to close at P21.60. — Beatriz Marie D. Cruz