Ayala Land says 'inquired' about FTI property in Taguig | ABS-CBN
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Ayala Land says 'inquired' about FTI property in Taguig
Ayala Land says 'inquired' about FTI property in Taguig
Benise Balaoing,
ABS-CBN News
Published Mar 07, 2025 03:35 PM PHT
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Updated Mar 07, 2025 04:12 PM PHT
MANILA -- Ayala Land on Friday said it has inquired with the Department of Finance on the agency's plans for the remaining 24-hectare property in Food Terminal Inc. (FTI) in Taguig.
MANILA -- Ayala Land on Friday said it has inquired with the Department of Finance on the agency's plans for the remaining 24-hectare property in Food Terminal Inc. (FTI) in Taguig.
The property giant, however, clarified that this was only an "exploratory discussion" with
no firm agreements or commitments.
The property giant, however, clarified that this was only an "exploratory discussion" with no firm agreements or commitments.
The company's statement came after a news website reported that Ayala Land and the Government Service Insurance System (GSIS) are interested in buying the FTI property for P58 biillion.
The company's statement came after a news website reported that Ayala Land and the Government Service Insurance System (GSIS) are interested in buying the FTI property for P58 biillion.
The report said the Department of Finance is still selling assets to hit the P100 billion privatization target for 2025. It also noted that there has been a long-standing policy since the administration of the late president Benigno
Aquino III that FTI is supposed to be sold, despite complications and resistance to its sale.
The report said the Department of Finance is still selling assets to hit the P100 billion privatization target for 2025. It also noted that there has been a long-standing policy since the administration of the late president Benigno Aquino III that FTI is supposed to be sold, despite complications and resistance to its sale.
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The Philippines' first cancer hospital, owned by another Ayala subsidiary AC Health, is located within FTI Complex in Taguig City, side-by-side with Ayala Land’s Arca South development.
The Philippines' first cancer hospital, owned by another Ayala subsidiary AC Health, is located within FTI Complex in Taguig City, side-by-side with Ayala Land’s Arca South development.
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