Rea Estate / Davao City
Ayala Land Inc. plans to launch a master-planned community in Lanang, Davao City. The Azuela Cove project would rise in a 25-hectare property, a former wood factory owned by Alcantara Group (Alsons) in Davao City. Ayala Land signed a jva with the Alcantara group to develop the property. The joint venture partners plan to develop the property in phases. About 2,000 residential condominium units and 7,000 square meters of leasable retail space will form the heart of the development.
About Azuela Cove
A new wave surfaces, emerging with fresh new sights on the shores of Davao gulf. Azuela Cove is a joint venture project of Ayala Land Inc. (ALI) and the Alcantara Group (AG) in Lanang, Davao City. The 25-hectare former wood factory is set to be transformed into a master planned, mixed-use community that will include residential low to mid-rise towers, commercial lots, offices, an events venue and a waterside cove with some retail components.
The sustainable estate is set to be Davao’s prime waterside community, encapsulating a life of fluidity and ease within a vibrant locality and a buoyant economy South of the country; a paramount destination for the best in home, business and lifestyle in Mindanao.
source: Ayala Land
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