ALI is a leading property developer in the Philippines, with more than 11,000 hectares of land bank and a solid track record in developing large-scale, integrated, mixed-use, and sustainable estates. With a footprint spanning 52 estates nationwide, Ayala Land has a diverse real estate portfolio composed of developing residential, office, commercial and industrial properties for sale, as well as properties for lease such as shopping centres, offices, hotels, resorts, warehouses, co-living and co-working spaces. Additionally, Ayala Land is engaged in construction, property management and other property-related investments.

ALI is listed on the Philippines Stock Exchange. ALI’s largest shareholder is Ayala Corporation, a diversified business conglomerate in the Philippines with operations in real estate, financial services, telecommunications, industrial technologies, power, infrastructure, healthcare, education, and technology ventures.

 The proposed IFC investment is an up to US$250 million equivalent in Philippine Pesos (PHP) SLL with a tenor of up to 8 years to ALI.

 The Company is headquartered in Metro Manila, Philippines.

The Project is a Category B project under IFC’s Policy on Environmental and Social Sustainability.  The proposed project is expected to have limited adverse environmental and social risks and impacts that are few and site-specific and can be avoided or mitigated by adhering to recognized performance standards, good international industry practices and guidelines.  Key E&S risks and issues associated with this project will include: a) development of an Environmental and Social Management System (ESMS) for AMG and MDC that consolidates and builds upon existing E&S policies of ALI; b) alignment of existing HR policies with the revised ESMS to promote and assure fair, safe and healthy working conditions for staff and contractors during refurbishment and operation; c) management of construction phase risks and impacts including those related to contractor management, Occupational Health and Safety (OHS), and community safety; d) life and fire safety systems design of the refurbishment and operation; e) alignment of existing stakeholder and Grievance Redress Mechanisms (GRM) with IFC PS.