Ayala Plans to Raise 6-Story Building

Ayala Land group

Another big project of the Ayala land in the City of Golden friendship, which they are planning to build a 6-story building at Antonio Luna St. to Corales Ave at the Capitol property of Misamis Oriental with a parking lot area on the building. The construction of the six-story building of the said area is the exchange of contract that the Ayala group offered to build a new prison facility for Misamis Oriental in Initao town.

The property of the Capitol would allow to the Ayala group to use it for 50 years then will pay at least P2 Million a month to the provincial government.

If this agreement will push through, the provincial jail will be to the property of Initao which the capitol government will spend another P200 Million to P300 Million for the new prison facilities.

If the plans and partnership will agree to their terms then the construction of the 6-story building of the Ayala will be start this June of 2015 which they are assuming that the contract is signed at this month.

One Response

  1. Virgilio Maandig

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