In Short

• The tie-up entails financing, sustainability, and resilience.
• Supporting economic growth and building sustainable urban communities.
• ALI’s goal is to set a precedent for green real estate development.

Ayala Land, Inc. (ALI), the largest property developer in the Philippines, has partnered with the International Finance Corporation (IFC) to promote green and resilient buildings in the country.

IFC has provided ALI with a second sustainability-linked loan (SLL) worth up to PHP12.87 billion (approximately US$225 million) for this purpose. This loan is part of ALI’s financing strategy and shows the increasing trend of green financing endeavours in the Philippines’ real estate sector.

The proceeds will be used to build Greenbelt 1 in Makati and Ayala Malls Evo City in Cavite, two large-scale commercial projects with a total gross leasable area of 89,000 square meters. They are expected to bring a number of benefits, including creating new commercial ecosystems and generating employment opportunities.

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Apart from this goal, IFC will also work with ALI to use its Building Resilience Index (BRI) across 50 commercial and industrial properties. This will make ALI the first property developer in the world to fully integrate BRI into its project development process.

The tool will help increase buildings’ resilience and design them to withstand climate risks and extreme weather events, which is especially important for a country like the Philippines.

In addition to that, the partnership also highlights clear sustainability targets, which include reducing greenhouse gas emissions by 42% across ALI’s commercial leasing portfolio by 2030 and securing EDGE Zero Carbon certification for 1.5 million square meters of office space by 2025.

The aim is to reduce the property developer’s environmental impact and make it a frontrunner in climate-resilient real estate.

Also Read: Ayala Land Pushes ₱10-B Sustainability Loan Amid Premium Market Drive

When it comes to generating jobs, over 1,000 direct jobs will be created in construction and operations, plus 3,000 jobs through retail and merchant activities in the new properties.

Amena Arif, IFC Country Manager for the Philippines, said: “IFC is proud to deepen our partnership with Ayala Land as it pushes the frontier for sustainable real estate in the Philippines.

“This programmatic approach not only mobilizes financing, but also creates jobs and strengthens resilience in a country prone to extreme weather events.”

Meean Dy, President and CEO of ALI, commented: “By embedding sustainability into our projects, we enhance customer experience, protect long-term value for our stakeholders, and set new benchmarks for the industry.

“Our partnership with IFC demonstrates that sustainable financing is not only achievable, it’s scalable. This is a model for how we will fund our growth in the future.”

Ends/

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Source: Ayala