PANGLAO Island, Bohol (06 May 2007) - Tourism Secretary Joseph Ace Durano has inaugurated the first...Read more
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Property developer Ayala Land Inc. has exited its plan to acquire Puerto Azul seaside estate in Cavite from Boulevard Holdings Inc. (BHI), a resort developer led by businessman Jose Panlilio.
BHI said it received letters from Ayala Land cancelling with finality its request for reconsideration regarding the planned ALI-BHI Puerto Azul memorandum of agreement dated 13th March 2014.
BHI said Ayala Land decided to focus its resources on the recently launched PhP75-billion mixed-use township project in Porac, Pampanga. Ayala Land expressed interest last year to develop BHI’s seaside estate Puerto Azul in Ternate, Cavite. The parties started discussions last year.