Alveo Land’s Partnership with Mitsubishi Corporation
Ayala Land’s heritage of real-estate excellence, Alveo Land forged a partnership with Mitsubishi Corp. to transform more than 3.6 hectares of prime land in Ortigas Center into a mixed-use lifestyle community.
The top property developer allies with Japan’s largest trading company to form Portico Land Corp. Alveo Land’s role as an industry innovator amplifies the union as it adds to its dynamic portfolio the first residential project for Mitsubishi Corp. in the Philippines.
Drawing on substantial strengths, Alveo Land leads with its expertise as a trailblazer in the upscale market segment, complemented by Mitsubishi Corp.’s mastery in forming globally relevant, sustainably integrated businesses.
Mitsubishi Corp. is a prominent international business enterprise that develops and operates businesses across virtually every industry worldwide, including environmental and infrastructure business, industrial finance, energy, metals, machinery, chemicals and food.
The joint venture honors a 40-year strategic partnership between Mitsubishi Corp. and Ayala Corp., the parent company of Ayala Land. Previously, a 1989 undertaking pioneered the 460-hectare Laguna Technopark industrial complex in Santa Rosa, Laguna.
“Drawing on similar values of integrity and innovation, Portico Land Corp. pursues a shared vision of improving quality of life,” Alveo Land President Robert Lao said.
With Portico Land Corp., Ortigas gains a new center of gravity, transforming the fabric of one of the country’s most highly urbanized zones with a signature innovative vision of living well.