Frost & Sullivan recently conferred the 2021 Philippines Property Development Competitive Strategy Leadership Award to Ayala Land, Inc. (ALI) during its Best Practices Awards.
In a statement, ALI said the program recognizes and honors best-in-class companies that have demonstrated excellence in their respective industries.
“Ayala Land was recognized for the organization’s strong overall performance in the past year, and the collaborative effort of its employees, customers and investors that contribute meaningfully to its future,” the Frost& Sullivan group said.
Frost & Sullivan analysts identify award recipients from in-depth interviews, analysis, and extensive secondary research.
To distinguish best practices, they typically study companies’ revenues, market shares, capabilities, and overall contribution to the industry.
For the Competitive Strategy Leadership Award, Frost & Sullivan said that its analysts independently elucidated key benchmarking criteria that include strategic effectiveness, strategy execution, brand equity, implementation of best practices, competitive differentiation and customer service experience.
Ayala Land also celebrated its milestone 30th year as a listed company at the Philippine Stock Exchange this July through a bell-ringing ceremony at the PSE Tower’s Trading Floor in Bonifacio Global City.
ALI’s market capitalization has grown almost 14-fold to 500 billion from 42 billion in 1991, and it now has a total of 30 integrated mixed-usesustainable estates nationwide from only three during its listing.
The company maintains a total land bank of 12,483 hectares nationwide as it continues to widen its reach through diversified offerings across five residential brands.
It also has 2.12 million square meters of malls, 1.23 million square meters of offices, 4,030 hotel and resort rooms, and recently ventured into new leasing formats such as warehousing, co-living and co-working spaces.
During ALI’s listing anniversary celebration, Department of Finance Secretary Carlos Dominguez III commended the company for supporting the country’s economic recovery through investments and job creation, as well as supporting the government’s vaccination program.
“The company has greatly contributed to our growth through its investments in property development that created many jobs and attracted numerous business opportunities nationwide,” said Dominguez.
He also added that ALI’s landmark P13.6-billion real estate investment trust offering (REIT), the first REIT listing in the country, as a “landmark issuance that opened the road for more REITs to come to the market and provide attractive and dependable investment opportunities for the average Filipino.”
Article and Photo originally posted by Manila Bulletin last August 16, 2021 2:39pm and written by James A. Loyola.
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