Ayala Land interested in FTI, Atrium privatization
Real estate giant Ayala Land Inc. (ALI) has expressed interest in taking over two big-ticket government assets eyed for privatization.
Asked about his thoughts on the government’s target to put some major properties up for sale, ALI chief financial officer Jose Eduardo Quimpo II said on Wednesday getting the Food Terminal Inc. (FTI) Complex in Taguig “makes sense” given the group’s presence in the area.
ALI has been getting a financial boost from the FTI property since acquiring 74 hectares of the commercial and industrial estate in 2012.
Earlier last year, the company had already approached the Department of Finance on its plan for the remaining 24-hectare property in the Taguig complex, although it noted that the move was only an “exploratory discussion.”
Data from the Privatization and Management Office (PMO) showed that FTI has an estimated value of P40.4 billion.
Aside from FTI, Quimpo said Ayala Land may also look into Atrium in Makati City, which has 24 condominium units and 21 parking slots.
Its value is pegged at P449 million.
The executive, however, shunned its potential participation in the privatization of the Mile Long Complex.
“I can’t justify it in my head. It seems so distant,” Quimpo said.
The Mile Long Complex, which is also in Makati City, has an estimated value of P12.26 billion.
This week, the PMO said unloading these assets would help the government hit its goal of raising P101 billion from privatization efforts.
Ayala Land has been a major player in the local real estate market, with footprints in residential, malls, offices and hospitality.
Meanwhile, Ayala Land president and CEO Anna Ma. Margarita “Meean” Bautista-Dy said the company was “bullish, in general” for its 2026 performance.
The group lost its steam in the first nine months of 2025, with its earnings nearly flat at P21.4 billion as weaker property development sales dampened other operations.
Its real estate investment trust AREIT Inc., will also get a boost with the infusion of about P20 billion in new assets this year.
