Ayala Land, Inc. is the real estate arm of Ayala Corporation, one of the Philippines' oldest and largest conglomerates. From an internal division of Ayala Corporation, it was spun off and incorporated in 1988. It was publicly listed in the Philippine Stock Exchange (PSE: ALI) in 1991. Its core businesses are in strategic landbank management, residential development, shopping centers, corporate businesses, and hotels. Support businesses are in construction and property management. ALI also derives other income from its investment activities and sale of non-core assets.: On April 2012, it has formed an alliance with Metro Pacific Investments Corporation to build railways in the country.
Famous quotes containing the word land:
“Without looking, then, to those extraordinary social influences which are now acting in precisely this direction, but only at what is inevitably doing around us, I think we must regard the land as a commanding and increasing power on the citizen, the sanative and Americanizing influence, which promises to disclose new virtues for ages to come.”
—Ralph Waldo Emerson (1803–1882)