EnjoyPhilippines.com features articles and photos of the top tourist spots in the Philippines, the best travel destination in Asia for adventure, relaxation, sightseeing and leisure. As they say, it is more fun in the Philippines.


Ayala Land exits Puerto Azul

Your rating: None

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.