Philippines' Ayala Land, GE to develop green community
Philippines real estate giant Ayala Land, and US conglomerate General Electric signed an agreement on Tuesday to jointly develop a sprawling environment-friendly community near Manila.
By Agencies |
MANILA: Philippines real estate giant Ayala Land, and US conglomerate General Electric signed an agreement on Tuesday to jointly develop a sprawling environment-friendly community near Manila.
The partnership aims to promote so-called "green homes and commercial buildings" in a 1,700-hectare (4,199 acres) property in Laguna province, just southeast of the capital.
Ayala Land said it would promote energy efficient GE products from lighting fixtures and water process technologies to advanced building designs and real-time energy management systems.
Ayala Land president and chief executive Jaime Ayala said the firm was expected to post higher growth in the three months to March this year, compared to last year. Ayala Land posted a net profit of 1.29 billion pesos (30.8 million dollars) in the first quarter of 2007.
The partnership aims to promote so-called "green homes and commercial buildings" in a 1,700-hectare (4,199 acres) property in Laguna province, just southeast of the capital.
Ayala Land said it would promote energy efficient GE products from lighting fixtures and water process technologies to advanced building designs and real-time energy management systems.
Ayala Land president and chief executive Jaime Ayala said the firm was expected to post higher growth in the three months to March this year, compared to last year. Ayala Land posted a net profit of 1.29 billion pesos (30.8 million dollars) in the first quarter of 2007.
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